In a policy document directed at all sides of politics, the Business Council of Australia has called for caps on budget spending to help control inflation, and less red tape and regulation to promote productivity.
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The budget spending recommendation could be viewed as a critique of the federal government, which has faced calls from some economists to rein in spending to bring inflation under control faster.
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The treasurer, Jim Chalmers, has previously argued against a policy of “scorched-earth austerity” during a cost-of-living crisis.
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The business group wants spending growth capped to an annual rate of 2%, and a tax-to-GDP ratio cap of 23.9%.
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The council is also advocating for reforms to the approvals process to boost housing supply and for political parties to take a “technology agnostic approach” in pursuit of a pathway to net zero by 2050.
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Labor and the Coalition are taking vastly different energy policies to the election, due by May.
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The council has also called for a “move back to basics” to lift the quality of education.
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Stepping away from politics for a moment before things kick off: a teenager has died after being bitten by a shark off south-east Queensland.
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Queensland ambulance service confirmed the female teen had sustained injuries to her upper body while swimming off Woorim beach on Bribie Island, north of Brisbane, on Monday afternoon. She died just after 5pm.
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You can find more details about the story here.
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Good morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it will be Krishani Dhanji with the main action.
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After a summer of sharpening their messaging, Anthony Albanese and Peter Dutton will return to lock horns in Canberra today along with all other federal MPs and senators in what could be the final sitting of parliament before a federal election is called. It comes as more voters see Peter Dutton as in touch with ordinary Australians, decisive and better in a crisis than Anthony Albanese, with the opposition leader’s standing improving on key leadership indicators in our latest Guardian Essential poll. More coming up.
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A leading energy industry expert says Dutton has “no idea what he is talking about” after the opposition leader claimed that slowing the rollout of renewable energy and backing nuclear power could bring down bills by 44% “or of that order”. Dr Dylan McConnell, of the University of New South Wales, said Dutton didn’t even understand his own policy. More coming up. Check out our explainer for more analysis on the Coalition’s nuclear plans.
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A small community near Brisbane is in shock today after the death of a teenager after a shark attack. She was swimming off Bribie Island just north of Brisbane yesterday when she was attacked. More coming up.
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Key events
Krishani Dhanji
Good morning!
I’m Krishani Dhanji, here with you on our first parliamentary day of sitting the 12 months, yes!
This week there’s lots for chewing – we have a look at production tax breaks, debates on subsidies for universal kid’s care subsidies, hate speech regulations and we’ll probably hear more about limiting public service.
These are also among the large ticket elements that may dominate within the election campaign, which may be inside just a few weeks. And the closer to one, the more theatrical parliament will probably seem.
There are still large assessments of questions on key policies, corresponding to reform of election donations, which can introduce caps of election donations and expenses. The conversations are in progress, nevertheless it doesn’t seem that the federal government has reached a contract. Meanwhile, the positive laws of nature that may establish a federal environmental body have been officially put on a shelf, but will probably still be discussed this week.
Take coffee, let’s start.
The Business Council calls for budget expenditure hats
Jonathan Barrett
The Australian body of the business industry has published its recommendations regarding politics before the election, geared toward solving what it describes as “the most burning challenges of the nation”, corresponding to inflation, housing deficiencies and energy crossing.
In a political document focused on all sides of the policy, Business Council of Australia called for budget expenditure to control inflation and smaller red tape and regulation to promote performance.
The suggestion of budget expenditure may be seen as a criticism of the federal government, which faced the calls of some economists to reduce expenses on controlling inflation faster.
Treasurer, Jim Chalmers, previously argued against the policy of “savings savings of the novel” throughout the cost crisis.
The business group wants a rise in expenditure at an annual 2%rate and limiting the tax rate to GDP of 23.9%.
The Council also supports the reforms of the approval process so as to increase the housing supply and political parties so as to adopt the “agnostic approach technology” in pursuit of the road to zero net by 2050.
The Labor Party and the Coalition take very different energy policies within the elections from May.
The Council also called for “returning to the basics” to improve the standard of education.
An adolescent dead within the island of a shark attack
Departure from politics for a moment before all the things began: the teenager died after biting the shark from the south-eastern Queensland.
The Ambulance Service in Queensland confirmed that the teenager suffered injuries within the upper body while swimming from Woori beach on the island of Briby north of Brisbane, on Monday afternoon. She died just after 17:00.
More details about history may be found here.
Welcome
Good morning and welcome to our blog live. I’m Martin Farrer with the very best stories overnight, after which it’ll be Krishani Dhanji with the principal motion.
After the summer of sharpening the message, Anthony Albanese AND Peter Dutton Today he’ll return to the Lock Rogów in Canberra together with all other federal deputies and senators within the last meeting of the parliament before calling the federal elections. It comes when more voters perceive Peter Dutton as contact with unusual Australians, decisive and higher in crisis than Anthony Albanese, with the opposition leader to improve key leadership indicators in our latest Guardian Essential poll. More is approaching.
The leading expert within the energy industry claims that Dutton “has no idea what he is talking about” after the opposition leader said that the slowdown within the implementation of renewable energy and nuclear power supply may reduce bills by 44% “or this order”. Dr. Dylan McConnellFrom the University of New South Wales said that Dutton didn’t even understand his own policy. More is approaching. Check our explanatory to get more evaluation concerning the nuclear plans of the coalition.
A small community near Brisbane is shocked today after the death of an adolescent after a shark attack. Yesterday she sailed from the island of Briby north of Brisbane, when she was attacked. More is approaching.
