Politics
Cheaper medicines and HECS cuts prioritised by Albanese
Albanese government to push for $25 PBS medicines and HECS cuts amid tax debate in parliament’s second week
Albanese government to push for $25 PBS medicines and HECS cuts amid tax debate in parliament’s second week
– Albanese government plans to reduce PBS medicine prices to $25, saving users $200 million annually.
– Business Council proposes 18.5% R&D tax credit to boost economic productivity amidst upcoming tax reform discussions.
The $25 price point, effective next year, is expected to reduce user costs by $200 million annually.
The previous $7.70 cost for pension and concession card holders will remain unchanged until 2030.
Both the government and opposition seem aligned on these healthcare reforms, with Labor also facing questions regarding future policies at an upcoming economic roundtable.
Policy Proposals
The Business Council has proposed enhanced tax credits for research and development, with a flat-rate incentive suggested at 18.5%.
The council advocates that increased R&D spending is pivotal for economic productivity and innovation.
Furthermore, discussions at the roundtable are expected to cover various tax reforms, including reconsideration of company tax to foster entrepreneurship. The Coalition, meanwhile, is anticipated to oppose new tax hikes while grappled with internal debates on climate targets.
Politics
Nationals split from Coalition over Sussan Ley’s leadership
Nationals Leader David Littleproud announces split from Coalition, criticising Sussan Ley’s leadership and approach to Labor’s legislation
Nationals Leader David Littleproud announces split from Coalition, criticising Sussan Ley’s leadership and approach to Labor’s legislation
– Nationals Leader David Littleproud announced separation from the Coalition, citing Sussan Ley’s mismanagement of legislation.
– The entire Nationals frontbench resigned, refusing to serve under Ley’s leadership.
Littleproud emphasised the breakdown in respect and decision-making within the Coalition, stating, “no one was prepared to serve in a Sussan Ley ministry.” He also noted opportunities for resolution were provided but ultimately disregarded by Ley.
The sentiment within the party was clear; they refuse to allow three of their senators to be scapegoated.
Future Coalition
Littleproud dismissed suggestions from former Prime Minister John Howard regarding party rules, asserting that making exceptions for the three dissenting senators would create issues.
He maintained that their action reflects the party’s values and commitment to integrity within their ranks.
Politics
Supreme Court tariffs and Albanese approval drop: What you need to know
Supreme Court’s tariff decision could reshape U.S. trade, while Albanese faces approval drop amid rising One Nation support.
Supreme Court’s tariff decision could reshape U.S. trade, while Albanese faces approval drop amid rising One Nation support.
The political and economic landscape is shifting on two fronts. In the United States, the Supreme Court is set to deliver a pivotal decision on tariffs that could reshape global trade, affect inflation, and influence U.S. economic growth. Chris Berg from RMIT University joins us to explain the stakes, from the political impact at home to the long-term implications for international relations and business strategy.
Meanwhile, in Australia, Prime Minister Anthony Albanese faces a steep drop in approval ratings as support for Pauline Hanson and her One Nation party surges. Recent events, including the Bondi massacre, have influenced voter sentiment, driving Labor’s primary vote down to 30 percent. Chris Berg breaks down what this means for Labor, the Coalition, and the upcoming elections, offering insight into broader public opinion trends and potential strategies moving forward.
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#USTariffs #GlobalTrade #Inflation #Albanese #OneNation #AustralianPolitics #EconomicImpact #ChrisBerg
Politics
Global tensions unpacked: Venezuela, Iran, China & Australia’s Bondi Commission
Professor Tim Harcourt analyzes Venezuela’s geopolitical shifts post-U.S. military operation, affecting oil markets and global alliances.
Professor Tim Harcourt analyzes Venezuela’s geopolitical shifts post-U.S. military operation, affecting oil markets and global alliances.
Professor Tim Harcourt from UTS breaks down the rapidly shifting geopolitical landscape in 2026, focusing on the dramatic situation in Venezuela and its ripple effects across global power plays. We explore how the United States’ recent military operation and capture of Nicolás Maduro have reshaped Venezuelan politics, oil markets, and strategic alliances, especially with China, Russia, and Iran.
With Venezuela sitting on nearly 20% of the world’s proven oil reserves, the stakes are enormous, and Harcourt helps unpack the economic and political drivers behind U.S. intervention and China’s response.
We also delve into how the U.S. actions in Venezuela tie into broader geopolitical frictions — particularly Washington’s efforts to curb Chinese influence in Latin America, even as Beijing denounces the operation as a violation of sovereignty and frames its position in multilateral fora. The conversation peels back the layers of how energy, economics, and security intersect in one of the most consequential flashpoints this year.
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#Geopolitics #Venezuela #USForeignPolicy #ChinaRelations #OilPolitics #InternationalRelations #TimHarcourt
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