Transcript

Sharri | 11 June · Sharri

0:01
Speaker 1: Live on Sky News.
0:04
Speaker 2: This is Sharry, Thanks Andrew Good evening. Opposition leader Angus
0:10
Speaker 2: Taylor tonight accuses Pauline Hanson of being a career politician.
0:16
Speaker 2: He says she doesn't have a plan to run the country.
0:19
Speaker 2: These are his toughest comments yet. As One Nation sows
0:23
Speaker 2: in the polls, he fires up in my exclusive interview
0:26
Speaker 2: in a moment this as an audit confirms the One
0:30
Speaker 2: Nation donations are genuine after the Prime Minister scoffed at
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Speaker 2: the tens of thousands of Australians who gave two point
0:38
Speaker 2: four million dollars to fire the liar, and with SpaceX
0:43
Speaker 2: set for a two point five trillion dollar IPO, leading
0:47
Speaker 2: fund manager Russell Pillmer, one of the early investors, will
0:51
Speaker 2: join me live in studio plus The off again, on
0:54
Speaker 2: again Irun war is back on, with President Trump threatening
0:58
Speaker 2: further strikes and the straight of Hormus closed. We'll get
1:02
Speaker 2: the latest, but first, the Treasurer Jim Chalmers has launched
1:07
Speaker 2: a deeply personal spray against Pauline Hansen and Angus Taylor.
1:12
Speaker 2: Many ministers in the Albanese government have never worked a
1:15
Speaker 2: day in their life outside of the political arena, and
1:19
Speaker 2: this includes the Prime minister. Charmers also hit out at
1:24
Speaker 2: Pauline Hansen. He couldn't accuse her of being born at
1:28
Speaker 2: the top of the ladder, but he took aim at
1:31
Speaker 2: her supporters. He said, an unlike one nation, we vote
1:35
Speaker 2: the way workers need us to, not the way Gina
1:39
Speaker 2: Reinhardt tells us to The irony of their position is
1:43
Speaker 2: they want to change the government in order to leave
1:46
Speaker 2: everything as it is. He says, it's a truly absurd proposition.
1:52
Speaker 2: But these sort of comments show how sensitive the Albanese
1:55
Speaker 2: government is to the attention and the massive fundraising dollars
2:00
Speaker 2: that Pauline Hanson is attracting. The fire the Laire campaign
2:04
Speaker 2: to get rid of Albanizi has now reached two point
2:08
Speaker 2: four million dollars and counting, and that's in less than
2:13
Speaker 2: two days. It shows the visceral anger at the Prime minister,
2:19
Speaker 2: who's accused of overseeing a government that is destroying our
2:23
Speaker 2: country both socially and economically. He's overseen the worst terror
2:29
Speaker 2: attack in Australian history and that was the culmination of
2:33
Speaker 2: an antisemitism crisis he refused to address, and now he's
2:39
Speaker 2: overseeing an economic downturn where they're high levels of government
2:44
Speaker 2: spending meant inflation was already soaring before the war. Well,
2:50
Speaker 2: with our nation facing ruin, it's Pauline Hanson that's benefiting
2:55
Speaker 2: and not the coalition. The Liberals could only dream of
2:59
Speaker 2: the sort of rock star reception that Pauline is receiving
3:03
Speaker 2: everywhere she goes. And here she was arriving to a
3:07
Speaker 2: packed house in Perth last Night's good. It seems the
3:26
Speaker 2: only time she doesn't receive that sort of reception is
3:29
Speaker 2: when she's being hounded by the press gallery.
3:33
Speaker 3: But you want to get rid of the Climate Change Department.
3:45
Speaker 2: Well, as you heard there, she was cheered most loudly
3:47
Speaker 2: when she said she was going to demolish the Climate
3:50
Speaker 2: Change Department. And now with an extra two point four
3:53
Speaker 2: million dollars in their kiddie bank, One Nation has drawn
3:56
Speaker 2: up a list of seats to target, and her chief
4:00
Speaker 2: of staff, James Ashby, named his top targets in an
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Speaker 2: interview right here last night.
4:08
Speaker 4: This is about going after later seats. If we're to
4:11
Speaker 4: get rid of this dreadful government, we're going to target them,
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Speaker 4: and Elbows will be one of them. Chris Bones will
4:17
Speaker 4: be another Madeline King here in Western Australia. I think
4:20
Speaker 4: it's got to go. I think we should be tigling
4:22
Speaker 4: these ministers who've let us down as a country. We're
4:25
Speaker 4: coming after these treacherous Labor Front ministers who've just ballsed
4:30
Speaker 4: up this entire economy.
4:33
Speaker 2: And today Tony Passen, a Liberal backbencher, he's the latest
4:38
Speaker 2: to suggest that one Nation and the Liberals actually sit
4:41
Speaker 2: down and work out which seats they'll each run in
4:44
Speaker 2: to ensure the focus is labor. Here's what Tony Passen
4:49
Speaker 2: had to tell the newspaper The Australian. He said, everyone
4:52
Speaker 2: knows there are lots of outer suburban labor seats the
4:54
Speaker 2: Liberal Party would find it difficult to win that one
4:57
Speaker 2: nation would win. One nation's got a decision to make.
5:00
Speaker 2: Doesn't want to cannibalize the Liberal Party which means it'll
5:04
Speaker 2: be an opposition, or does it want to work with
5:06
Speaker 2: the opposition, namely the Liberal Party to ensure we have
5:10
Speaker 2: a conservative government. Now. A lot of people are putting
5:14
Speaker 2: forward positions just like this, and it does seem like
5:17
Speaker 2: a common sense position. But seeing your coalition figures say
5:21
Speaker 2: these discussions are far too premature, and Senator James Patterson
5:26
Speaker 2: has also questioned the quality of One Nation candidates.
5:30
Speaker 5: You cannot make a final decision about which candidates your
5:33
Speaker 5: preference and h sees until you know who each of
5:36
Speaker 5: those candidates are. Because some political parties work One Nation
5:39
Speaker 5: have demonstrated great difficulty in choosing appropriate candidates for public
5:44
Speaker 5: office in the past. I mean as recently as the
5:46
Speaker 5: South Australian state election, One Nation endorsed someone who was
5:50
Speaker 5: wanted for crimes in the United Kingdom as a candidate.
5:54
Speaker 2: The truth is the coalition doesn't want to do a
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Speaker 2: preference deal so far out from the election. They're loath
6:01
Speaker 2: to concede that One Nation will remain ahead in the
6:04
Speaker 2: polls over the next eighteen months to two years. Well,
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Speaker 2: to me, it does seem like One Nation is a
6:11
Speaker 2: political force that's here to stay, and it reflects a
6:15
Speaker 2: complete rejection of the establishment, a desire to tear everything down,
6:20
Speaker 2: and in particular it's in reaction to alban Easy and
6:24
Speaker 2: his broken promises. Pauline Hansen is also sharing more about
6:33
Speaker 2: her personal story with the public today. She spoke about
6:37
Speaker 2: her eleven week jail stint in two thousand and three,
6:41
Speaker 2: she was imprisoned for electoral fraud. It was later overturned
6:45
Speaker 2: on appeal, but Pauline today spoke about how difficult it
6:49
Speaker 2: was for her and she used the opportunity to launch
6:52
Speaker 2: a political attack a new Liberal Party president, Tony Abbott,
6:56
Speaker 2: and also the former Queensland Premier Peter Beatty.
7:01
Speaker 3: It was a pluitiful witch hunt because prior to my
7:03
Speaker 3: trial Peter then he changed the laws in Queensland from
7:07
Speaker 3: a six month jail term or a fine to seven
7:13
Speaker 3: years retrospective.
7:14
Speaker 6: That's why the judge could find me three.
7:17
Speaker 3: Years on each charge.
7:19
Speaker 6: And that was structure set up by Tony Abbott, who
7:22
Speaker 6: set up a slush fund to take me through the
7:25
Speaker 6: process of that legal.
7:26
Speaker 3: Challenge and he got ten prominent Australians to put in
7:30
Speaker 3: ten thousand dollars each.
7:32
Speaker 2: Now I put those allegations to Angus Taylor, the opposition leader.
7:36
Speaker 2: He says it's nonsense. You're going to hear that in
7:37
Speaker 2: just a moment. Napoleone Hansen today also described the enormous
7:42
Speaker 2: impact this jail time had on her family.
7:47
Speaker 6: It's very hard time for me and it was very
7:51
Speaker 6: hard time for my children. The guards came to me
7:56
Speaker 6: later they said, your sounds picked out waving.
7:58
Speaker 3: Outside his car.
8:00
Speaker 6: They told me how to move on. But he just
8:02
Speaker 6: felt you want to be as close to as he
8:04
Speaker 6: could be. So the kids didn't have their boss at
8:08
Speaker 6: that time. I was the only one that they had,
8:12
Speaker 6: and so I was their whole life. And through the
8:16
Speaker 6: politics they've had been wir so much. But you know
8:21
Speaker 6: what they said to me, They have lad They said, Mum.
8:25
Speaker 3: It hasn't been easy, but you've taught us resilience, to
8:30
Speaker 3: be independent, to send on our own two feet, and
8:32
Speaker 3: for that, but thank you.
8:36
Speaker 2: Now you've heard Anthony Albanezi tell the story more times
8:40
Speaker 2: than we can count about how he was born into
8:43
Speaker 2: housing commission. Well, now this is Pauline Hanson starting to
8:47
Speaker 2: create her own legend, not just the fish and chip shop,
8:51
Speaker 2: but the injustice of being thrown into prison by her
8:55
Speaker 2: political opponents. That's what this is about. Position leader Angus Taylor, though,
9:01
Speaker 2: says this isn't quite right. I asked him about this
9:05
Speaker 2: and more when I spoke with him in the last hour.
9:09
Speaker 2: Angus Taylor, good evening, thanks for your time. The Treasurer
9:12
Speaker 2: Jim Chalmers launched a personal attack on you today. He
9:16
Speaker 2: said you were already born at the top of the ladder,
9:19
Speaker 2: that you'd failed upwards. What do you say to the
9:22
Speaker 2: treasurer in response to this.
9:26
Speaker 7: Look, he's a failed treasurer, Shari, and failed treasurers like him.
9:31
Speaker 7: He's lashing out making personal attacks. Doesn't surprise me because
9:35
Speaker 7: he brought down a failed budget a few weeks ago.
9:37
Speaker 7: He's clearly frustrated at what an abysmal failure it's been,
9:43
Speaker 7: and so he's lashing out. The truth is, Shari, I'm
9:46
Speaker 7: very proud to have grown up in a farming family
9:48
Speaker 7: where my parents worked incredibly hard for my brother, three brothers,
9:53
Speaker 7: and I to be able to have the best opportunities
9:55
Speaker 7: in life. Like small business people all over this country,
9:58
Speaker 7: that's what you do. And I'm very privileged to have
10:02
Speaker 7: had parents that work so hard for our opportunity. And
10:07
Speaker 7: if Jim Chalmers thinks that that is anti Australian or
10:10
Speaker 7: in somehow is the wrong thing for this country, then
10:14
Speaker 7: he does not understand our country aspiration hard work, getting
10:18
Speaker 7: ahead by working hard. You know, when you're a small
10:20
Speaker 7: business person or a farmer, the days blend into the nights,
10:23
Speaker 7: the weekdays blend into the weekends, holidays are interrupted, it's
10:27
Speaker 7: never ending, it's relentless. I saw that with my parents
10:30
Speaker 7: that's what this country offers. And so many Australians have
10:34
Speaker 7: been able to raise families and get ahead by doing that.
10:39
Speaker 7: And yet this government, this treasurer, is at war with
10:42
Speaker 7: that aspiration or shame on him because this country is
10:46
Speaker 7: better than that.
10:47
Speaker 2: All right. Looking at the polls this week, one nation
10:51
Speaker 2: is polling first in the country. Do you think they're
10:54
Speaker 2: capable of forming a government? And is Pauline Hansen capable
10:59
Speaker 2: of becoming prime stuff?
11:03
Speaker 7: Shari, Honestly this we can talk about the polls all day.
11:08
Speaker 7: What I'll talk about is what this country needs. A
11:10
Speaker 7: country that's heading on in the wrong direction under a
11:14
Speaker 7: hopeless government. But what we do need is a credible
11:18
Speaker 7: plan for change. We need to see a country where
11:21
Speaker 7: we have lower taxes, where reward for effort comes back,
11:25
Speaker 7: where we have affordable, abundant energy, where we ensure that
11:29
Speaker 7: there's enough houses for Australians, and that our migration is
11:33
Speaker 7: set at a level that's in line with the number
11:36
Speaker 7: of houses we have, where Australians are put first. We
11:39
Speaker 7: don't have home deposit schemes for those who are not
11:41
Speaker 7: even citizens yet. I mean, this is what we should
11:44
Speaker 7: be focusing on. If Paul enhanceon and one nation. Want
11:47
Speaker 7: to talk about polls and fundraising, that's up to them,
11:50
Speaker 7: But I'll talk about the Australian people because that's what
11:53
Speaker 7: we need to focus on right now. A country that's
11:55
Speaker 7: heading in the wrong direction, a great country that needs
11:59
Speaker 7: a change in government, needs a change in direction, and
12:02
Speaker 7: that change in direction is what I'm talking about.
12:05
Speaker 2: Well, most Australians would agree the country is heading in
12:07
Speaker 2: the wrong direction. You're seeing that sentiment reflected in news
12:10
Speaker 2: poll and you would feel it on the streets as well.
12:14
Speaker 2: But voters are putting their trust in one nation at
12:17
Speaker 2: the moment. Are they getting that wrong?
12:21
Speaker 7: We haven't had an election yet, so let's see. But look,
12:25
Speaker 7: I don't think this country needs to be burnt to
12:27
Speaker 7: the ground. I do understand people are angry. I get that.
12:31
Speaker 7: I'm angry with this government. I'm angry with this budget.
12:33
Speaker 7: I'm angry with the direction this country is going in.
12:36
Speaker 7: Everything I grew up to believe in in Australia is
12:39
Speaker 7: being taken away by this government and we must change that.
12:44
Speaker 7: But the only way we're going to change that is
12:46
Speaker 7: with a credible plan for change, where we restore our
12:49
Speaker 7: standard of living, protect our way of life, en sure
12:52
Speaker 7: we have the affordable, abundant supply of energy, we.
12:55
Speaker 2: More house and you don't think has that credible trend.
12:59
Speaker 2: You don't think one name has that credible class.
13:03
Speaker 7: Well, they're certainly not being held to account for it,
13:05
Speaker 7: I would say, And they're certainly not laying that out.
13:09
Speaker 7: You know, that's up to them as to whether they
13:10
Speaker 7: will or not. But I'll tell you what I'll do
13:12
Speaker 7: is lay that out every day, including how we ensure
13:17
Speaker 7: that our immigration policy in this country is in line
13:20
Speaker 7: with what we can with what we can handle. And
13:23
Speaker 7: it hasn't been under this government. One point four million
13:26
Speaker 7: people in four years, Shari. The numbers have been too high,
13:30
Speaker 7: the standards are too low, and we laid out I
13:32
Speaker 7: laid out in our budget and reply, how are we going.
13:34
Speaker 1: To fix that?
13:35
Speaker 2: Yeah? Your new Liberal Party president Tony Abbott, Pauline Hansen
13:39
Speaker 2: came out against him today. She blamed him for her
13:42
Speaker 2: time in jail. Is this accurate? Did Tony Abbott, as
13:46
Speaker 2: Health Minister in the Howard government put Pauline in prison?
13:52
Speaker 7: No? No, And it's an outrageous claim. I mean, it's
13:56
Speaker 7: a ridiculous claim because it's simply not true. But Look,
14:00
Speaker 7: as I say, she can talk about all these things,
14:03
Speaker 7: she can talk about grievance and.
14:05
Speaker 1: Whatever she wants.
14:06
Speaker 7: I'll talk about the Australian people, Sharry, because they're the
14:09
Speaker 7: ones who are crying out for a better alternative, a
14:12
Speaker 7: better pathway forward, a better future for them and for
14:15
Speaker 7: their kids and their grandkids. That's what I want to see. Look,
14:18
Speaker 7: I'm not a career politician like others. Pauline came into
14:21
Speaker 7: politics thirty years ago. The Prime Minister Alberanisi came into
14:24
Speaker 7: politics similar time. I came in much more recently, and
14:29
Speaker 7: I'm in it because I want to see a better.
14:32
Speaker 1: Direction for our country.
14:34
Speaker 7: This is a country that is great, that's heading in
14:36
Speaker 7: the wrong direction and it needs a change. It needs
14:39
Speaker 7: a change in government and needs a credible plan. And
14:41
Speaker 7: that's what we're laying out, and that's what I laid
14:43
Speaker 7: out in my budget and reply speech.
14:46
Speaker 2: Just quickly, are you saying there that Pauline Hansen is
14:49
Speaker 2: a career politician. I mean she had her fish and
14:52
Speaker 2: chip shop, She did have another life beforehand.
14:56
Speaker 7: Look, you know she came into politics thirty years ago.
14:59
Speaker 7: I came into politics over a decade ago, Shari.
15:03
Speaker 1: And I think what we all need to do.
15:06
Speaker 7: Now is to focus on the Australian people, not inside
15:09
Speaker 7: of politics, not all this other stuff. It's the challenges
15:13
Speaker 7: that Australians are facing. I was in Mandera, south of
15:15
Speaker 7: Perth today, small business people really hurting. We're seeing the biggest,
15:20
Speaker 7: the largest number of small business failures we've ever seen
15:23
Speaker 7: in this country. These are people who have the backbones
15:26
Speaker 7: of our communities, working incredibly hard every day and they're
15:30
Speaker 7: under assault. They're under assault from a government that wants
15:33
Speaker 7: big businesses they can unionize. Well, we need to do
15:36
Speaker 7: better than that. That needs to be our focus, not
15:39
Speaker 7: all this other stuff that she and others are talking about.
15:42
Speaker 2: I mean, you've now you've got a very tough job,
15:44
Speaker 2: Angus Taylor. You've got Labor, the Teals and our One
15:47
Speaker 2: Nation coming after you. You've only been in the job
15:50
Speaker 2: since February, about four months, but the polls are at
15:54
Speaker 2: an equal record low of eighteen percent. They were out
15:57
Speaker 2: under Susan Lee as well when she was out rusted.
16:01
Speaker 2: Are you worried about being the leader presiding over the
16:04
Speaker 2: demise of the once great Liberal Party.
16:09
Speaker 7: I'm worried about the demise of a once great nation.
16:12
Speaker 7: That's what I'm worried about. Look, Australia is hitting in
16:16
Speaker 7: the wrong direction, and I'm in this job because I
16:19
Speaker 7: want it going in the right direction. So we can
16:21
Speaker 7: talk about all this other stuff, Shari, But that is
16:24
Speaker 7: the number one issue. This country is worth fighting for,
16:27
Speaker 7: and we need to fight for it because we see
16:30
Speaker 7: it under assault.
16:32
Speaker 1: We see aspiration under.
16:33
Speaker 7: Assault, reward for hard work under assault, home ownership under assault.
16:38
Speaker 7: All of these things, raising a family, starting a business,
16:42
Speaker 7: all of these things are under assault right now in
16:45
Speaker 7: this country, and that's what we need to focus on.
16:48
Speaker 1: So I'm worried about the nation.
16:49
Speaker 7: Others can worry about all sorts of other things, but
16:52
Speaker 7: that's my focus.
16:53
Speaker 2: I mean, one of the politicians in your own team,
16:55
Speaker 2: in your own faction, Tony Passon, is suggesting sitting down
16:59
Speaker 2: with one nation and carving up the seats to work
17:02
Speaker 2: out where each party should run so that you don't
17:04
Speaker 2: cannibalize the Conservative vote. Isn't this common sense?
17:10
Speaker 7: Well, again, we can talk about all the carving up
17:14
Speaker 7: and preference stills. I don't know when the election is
17:16
Speaker 7: going to be. I don't know if you know when
17:18
Speaker 7: the election's going to be, but I certainly don't. I
17:21
Speaker 7: think this is all putting the cart before the horse.
17:24
Speaker 7: We need to focus on this nation, the Australian people,
17:31
Speaker 7: a country that's been impoverished by a rotten labor government
17:34
Speaker 7: that's going backwards our standard of living, a country that's
17:37
Speaker 7: deeply concerned about the cultural decay we've seen as a
17:41
Speaker 7: result of this labor government. We need to do better
17:44
Speaker 7: and that's my focus.
17:45
Speaker 2: Just finally, the landmark decision in the High Court. It
17:48
Speaker 2: dismissed the government's argument that it should have immunity from
17:52
Speaker 2: compensation claims from people held in immigration detention. The High
17:57
Speaker 2: Court voted in favor of an Austrian on a detainee.
18:01
Speaker 2: This could potentially lead to tens of millions of dollars
18:05
Speaker 2: of compensation being paid out. What should be done here.
18:11
Speaker 7: Well, it's a mess of the government's making. These people
18:13
Speaker 7: should have been sent out of the country. I mean,
18:16
Speaker 7: what we want people in this country who are aligned
18:20
Speaker 7: with and adopt our venues, and this government has consistently
18:26
Speaker 7: been unwilling to take the hard line on this and
18:29
Speaker 7: the result is you end up in this situation now
18:32
Speaker 7: where they're going to have to pay out tens of
18:33
Speaker 7: millions of.
18:34
Speaker 1: Dollars of compensation.
18:35
Speaker 7: As you say, we need migration and citizenship in this
18:39
Speaker 7: country that works for Australians and becoming an Australian means
18:43
Speaker 7: adopting Australian values. That hasn't been the approach of this government.
18:47
Speaker 7: And here's the result of that.
18:49
Speaker 2: And Gus Taylor really great to have you on the
18:51
Speaker 2: show again. Thank you so much and enjoy Perth.
18:55
Speaker 1: Good to be with you, Sharon.
18:58
Speaker 2: Okay, well let's have a chat about what Angus Taylor
19:01
Speaker 2: had to say there and I'll bring in tonight's panel
19:03
Speaker 2: West Australian Opposition leader Basil Zemplus and The Australian's Culture
19:07
Speaker 2: writer Jennah Clark. Great to see you both. This is
19:10
Speaker 2: an all star panel. Love it. Basil's starting with you
19:14
Speaker 2: or you've got everyone in your town at the moment,
19:17
Speaker 2: Angus Taylor, Pauline Hanson. Look, I thought it was really
19:21
Speaker 2: interesting when Angus Taylor kind of hit out at Pauline
19:24
Speaker 2: because they've all been tiptoeing around around the coalition figures
19:29
Speaker 2: of mad tipototing around Pauline Hanson. But he kind of
19:31
Speaker 2: went there tonight and he said, look, she's a career politician,
19:34
Speaker 2: she's been there for thirty years. What did you make
19:36
Speaker 2: of those comments?
19:39
Speaker 8: I'll just add that I'm at at an event also
19:41
Speaker 8: in Perth that Tim Wilson, the Shadow Treasurer, is speaking
19:45
Speaker 8: at right now. So yes, a lot of big names,
19:48
Speaker 8: a lot of big names in Perth at the moment,
19:50
Speaker 8: that's for sure. Look, Angus has spoken very well. His
19:54
Speaker 8: leadership has been outstanding. He is fighting on all of
19:58
Speaker 8: the issues and France that have Australians frustrated. And I
20:03
Speaker 8: think we have seen there's no doubt we've seen a
20:05
Speaker 8: rise in the polls for One Nation that's been significant and.
20:09
Speaker 1: Nobody can deny that.
20:11
Speaker 8: But I think at its core it's about those issues
20:13
Speaker 8: that Angus has spoken about. It's about lack of housing,
20:17
Speaker 8: it's about rising cost of living, it's about a frustration
20:21
Speaker 8: with our population growth. And clearly there is an issue
20:25
Speaker 8: with health and health management right around the States. So
20:28
Speaker 8: Angus is right to take the fight up on the
20:31
Speaker 8: issues that matter to everyday Australians and that's what he's doing,
20:35
Speaker 8: and that is sensible. The battle with One Nation. They
20:40
Speaker 8: are a political force that cannot be denied. And Angus
20:46
Speaker 8: Taylor is the leader of another political party and that's
20:48
Speaker 8: what political leaders do. They take on those that they
20:53
Speaker 8: need to bet that's what he's doing.
20:55
Speaker 2: Jenna. I think we've seen a very clear change in
20:57
Speaker 2: strategy tonight from Angus Taylor not going to just you know,
21:01
Speaker 2: praise Pauline or not criticize her. They're now going to
21:04
Speaker 2: go tough. And you saw that start in that interview. Yeah.
21:07
Speaker 9: I think it is really interesting the Pivot show, which
21:09
Speaker 9: you highlighted tonight, and all your conversations with a lot
21:12
Speaker 9: of the liberal spokespeople that you speak to on your show,
21:16
Speaker 9: because I think the government have really been taking that
21:18
Speaker 9: and a win tour approach very much. Do not talk
21:20
Speaker 9: about her, do not name it together. That just gives
21:23
Speaker 9: her more attention, as we saw that in ninety eight,
21:25
Speaker 9: we saw it in two thousand and seven, because that
21:27
Speaker 9: just inflames, I guess, probably tensions about how people are
21:30
Speaker 9: sort of feeling out there. But I think also it's
21:33
Speaker 9: got to be pivot for the liberals, but they also
21:35
Speaker 9: need to they can't absolve themselves with the responsibility of
21:38
Speaker 9: some of the blame for where Australia finds itself at
21:40
Speaker 9: this point. You know, Angus Taylor was a part of
21:43
Speaker 9: that ministry for a good decade, so it is interesting
21:47
Speaker 9: to see some of the clap back that he does
21:49
Speaker 9: receive on the streets of Perth of the next couple
21:51
Speaker 9: of days.
21:52
Speaker 2: Yeah, well, we'll see if he does. And I'd be
21:54
Speaker 2: very surprised if he gets the same sort of rock
21:56
Speaker 2: star reception that clearly Pauline has been getting everywhere she goes,
21:59
Speaker 2: even camera. By the sounds of it, Basil, this fire
22:03
Speaker 2: the liar campaign that one nation ran. It got two
22:05
Speaker 2: point four million dollars in just a couple of days.
22:09
Speaker 2: I mean, it's extraordinary now, Alban Easy when he was
22:12
Speaker 2: asked about this today, he questioned the legitimacy of the donations.
22:16
Speaker 2: You're probably all seeing those comments already, but now cam
22:20
Speaker 2: Redden has told us this. Cam red and the Sky
22:22
Speaker 2: News reporter has told us about this audit by a
22:25
Speaker 2: software developer who has analyzed whether these donations are authentic.
22:32
Speaker 2: Have a look at this.
22:35
Speaker 10: Having reviewed the website source code production data and speaking
22:38
Speaker 10: with the donation code engineer, he concludes that he is
22:41
Speaker 10: satisfied the fundraising total calculation currently includes only successful, received
22:47
Speaker 10: and validated donation payments. In other words, the party really
22:51
Speaker 10: has raised over two million dollars in two days.
22:56
Speaker 2: Basil pretty interesting and it looks like just another lie
22:59
Speaker 2: then from Albourn, easy to add to the to the
23:03
Speaker 2: long list.
23:03
Speaker 8: Yeah, look, I've got to say, I mean two million
23:07
Speaker 8: dollars is a huge amount. Pauline Hanson expressed her surprise
23:10
Speaker 8: when she arrived at Perth Airport twenty.
23:11
Speaker 1: Four hours ago.
23:13
Speaker 8: But also we're all seeing the wave of enthusiasm and
23:17
Speaker 8: support for One Nation and I'm not surprised. So it
23:20
Speaker 8: seemed an odd move by the Prime Minister to be
23:23
Speaker 8: challenging on that issue. Of all the issues that he
23:27
Speaker 8: might want to take exception with or challenge One Nation on,
23:30
Speaker 8: he chose their fundraising capacity. I think anybody who's been
23:33
Speaker 8: in this space would understand that with what's going on
23:36
Speaker 8: in the political landscape at the moment, that number is
23:38
Speaker 8: not a huge surprise, even though it's an outstanding figure
23:42
Speaker 8: and clearly very valuable money for a political party general.
23:47
Speaker 2: Another lie to add to the list. Falling off the
23:50
Speaker 2: stage and then fall off the stage. That's that's good.
23:52
Speaker 2: I wasn't heckled. The donations are.
23:55
Speaker 9: Fake, not fake it It just goes to show the
23:58
Speaker 9: priorities like this is not what every day Australians are
24:00
Speaker 9: talking about Look, I'm shocked that every day Australians are
24:03
Speaker 9: dipping into their pul of their pocket, the very shallow
24:05
Speaker 9: pockets at this point in time, and dedicating their hard
24:08
Speaker 9: earned to political parties, because you know, twenty seven dollars
24:11
Speaker 9: for laboor or fifty nine for one nation is a
24:13
Speaker 9: lot of money. So I know, Angus Taylor just said that,
24:15
Speaker 9: you know, we haven't had an election, but I think
24:17
Speaker 9: that's pretty much a sign that people are really not
24:19
Speaker 9: happy with the Albanese government or the budget at this
24:21
Speaker 9: point in time.
24:22
Speaker 2: Yeah, exactly. I mean it's what half a tank of
24:24
Speaker 2: fuel chocolate at this point in the point. I know
24:28
Speaker 2: that chocolate that is a problem that is getting very expensive.
24:31
Speaker 2: It is chocolate, basil. You said this week that you
24:34
Speaker 2: would be open to working with one nation. Are you
24:38
Speaker 2: planning on seeing or have you already seen Pauline while
24:41
Speaker 2: she's in your neck of the woods.
24:43
Speaker 8: Now, I won't be saying Pauline Hansom while she's here
24:46
Speaker 8: and there are no plans to see her. What I've
24:48
Speaker 8: said earlier this week is that as the leader of
24:50
Speaker 8: a political party here in Western Australia on the right
24:53
Speaker 8: side of politics. I have an open mind to what
24:56
Speaker 8: the future might hold, and that is what you would
24:59
Speaker 8: expect somebody in my position to have. We need to
25:03
Speaker 8: firstly respect the rise of One Nation. It's clearly real
25:07
Speaker 8: and we've seen those fundraising numbers. We know there is support.
25:10
Speaker 8: That support is the will of the people, and you
25:13
Speaker 8: can't ignore the will of the people. So as we
25:15
Speaker 8: get closer to an election, an open mind is the
25:19
Speaker 8: right way to go because what I do know. What
25:21
Speaker 8: I do know is that one Nation, certainly here in
25:23
Speaker 8: Western Australia, and I know nationally as well, but certainly
25:27
Speaker 8: here in Western Australia, One Nation and the WA Liberals
25:30
Speaker 8: have the same objective, and that is to get rid
25:32
Speaker 8: of a bad labor government. Not everything, and there are
25:35
Speaker 8: many things that don't tie us together, but the one
25:37
Speaker 8: thing we are lined up on is we both want
25:40
Speaker 8: to get rid of a bad labor government. So there
25:42
Speaker 8: is that common ground.
25:44
Speaker 2: Let's turn to this incredible story that was making headlines today.
25:48
Speaker 2: Bill Gates testified in front of Congress and told them
25:52
Speaker 2: that Jeffrey Epstein had discovered that he'd had affairs during
25:56
Speaker 2: his marriage. Now, Bill Gates said in a written opening statement,
26:00
Speaker 2: that Epstein was working to use information about my infidelities,
26:05
Speaker 2: in addition to many lies that he laid on top
26:08
Speaker 2: to pressure me to re engage with him. Fascinating story here, Jenna.
26:13
Speaker 2: What did you make of his testimony?
26:16
Speaker 9: It was quite cringey because I think we've seen earlier
26:18
Speaker 9: in the year Shari. I think any person that was
26:21
Speaker 9: reading those Epstein files when they were leaked and they
26:23
Speaker 9: were released, that one issue about Bill Gates reportedly treating
26:30
Speaker 9: his then wife Melinda Gates for a sexually transmitted disease
26:33
Speaker 9: in secret because of the affairs that he was having. Now,
26:36
Speaker 9: of course he denies any of that, but I feel
26:38
Speaker 9: that that testimony today really adds credence to maybe what
26:41
Speaker 9: we saw in those files had some scheric of truth
26:45
Speaker 9: in it, as much as he alleges that it didn't happen.
26:48
Speaker 2: Basil. It's interesting this scoundal has impacted on politics in
26:51
Speaker 2: so many different countries UK, you know, Keir Starmer of
26:54
Speaker 2: coss America, but it really hasn't touched Australia so much.
27:00
Speaker 8: Well, it hasn't, and I might say, thankfully, I'm pleased
27:03
Speaker 8: that it hasn't. How sordid, how sordid and what a
27:08
Speaker 8: fascinating and infamous person. Jeffrey Epstein clearly now is as
27:13
Speaker 8: we look back, so complicated. There was obviously a hugely
27:18
Speaker 8: devious nature to much of what he did, and by
27:23
Speaker 8: the looks of things, he didn't really mind. How he
27:25
Speaker 8: operated and to be able to prosper and to progress
27:28
Speaker 8: the things that were important to him is so untidy
27:32
Speaker 8: and so complicated.
27:34
Speaker 1: Sordid is the word.
27:35
Speaker 2: True, very true. One of the biggest issues. You know,
27:38
Speaker 2: you were talking about the cost of living. I mean,
27:40
Speaker 2: we're talking about chocolate. We're joking about chocolate, but really
27:42
Speaker 2: it's electricity prices that are so difficult for families. Now
27:47
Speaker 2: the Australian spoke to some families about just how hard
27:50
Speaker 2: it is to meet these payments.
27:52
Speaker 11: Have a look the prices have gone up. In the
27:55
Speaker 11: first quarter it was about two hundred dollars, second quarter
28:00
Speaker 11: jumped to at least four or five hundred dollars, to
28:02
Speaker 11: the last quarter being one those and five hundred dollars.
28:05
Speaker 11: But there's definitely something that needs to be done. People
28:07
Speaker 11: can't sustain.
28:09
Speaker 2: The sort of electricity prices.
28:11
Speaker 11: It's more than what we get paid.
28:14
Speaker 2: Yeah, it's really really heartbreaking. Stories Jen and it comes
28:17
Speaker 2: when Chris Bowlin's talking about his electrification moment.
28:21
Speaker 9: Yeah look if yeah, Chris Bowen is at a whole
28:25
Speaker 9: other kettle of fish. But I think what again, This
28:27
Speaker 9: leads to why I think voters are so frustrated with
28:30
Speaker 9: the current system, because we've got our leaders talking about
28:32
Speaker 9: things that are probably you know, ten to twenty years
28:35
Speaker 9: in the future. When they're talking about electrification and sustainability.
28:39
Speaker 9: What's not sustainability is life in Australia right now. You
28:42
Speaker 9: just have to look at I mean you have to
28:43
Speaker 9: go to the soupermarket to see people that are taking
28:47
Speaker 9: things out of their trolley because they can't afford things
28:49
Speaker 9: at this point in time. Or you're looking at the
28:50
Speaker 9: fact that, you know, we've got so many subsidies masking
28:53
Speaker 9: the real cost of things being fuel and or electricity
28:55
Speaker 9: around the country.
28:57
Speaker 2: It really worries me where we're going to end up
28:58
Speaker 2: come Christmas time and Basil of course, this was one
29:02
Speaker 2: of the biggest broken promises that power bills would be
29:04
Speaker 2: two undred and seventy five dollars cheaper. Instead, they're higher
29:07
Speaker 2: than they ever were.
29:10
Speaker 8: Sherey you know, mightbe lots of Australians want sustainable energy.
29:13
Speaker 8: We understand that and accept that, and that will be
29:15
Speaker 8: important for our future, but they've never ever wanted it
29:19
Speaker 8: at the cost of reliability and affordability. And reliability and
29:23
Speaker 8: affordability just have to come first. And then when those
29:27
Speaker 8: two are in check and under control, then of course
29:30
Speaker 8: sustainable energy will be welcomed. But when the bills are
29:33
Speaker 8: going up in the middle of the cost of living
29:35
Speaker 8: crisis right around the country, to be off on that
29:39
Speaker 8: green dream without the other two being under control and
29:43
Speaker 8: in place, well, it's hurting Australian families. They are really
29:48
Speaker 8: feeling the pain. And energy prices have not been brought
29:51
Speaker 8: under control and reliability remains a very crucial factor in
29:55
Speaker 8: many places right around the country.
29:57
Speaker 2: Yeah, it does indeed. Look, I thought this was pretty funny.
30:00
Speaker 2: I saw the new Southel was Premier Chris Mins this week.
30:05
Speaker 2: How to go with doing an impersonation of President Donald Trump?
30:09
Speaker 12: Have a look great, great, great to see you.
30:12
Speaker 13: Oh nothing nothing screams democracy like the UFC. When the
30:19
Speaker 13: founding fathers came to our country for the second and
30:24
Speaker 13: third best president ever, they knew that in two hundred
30:27
Speaker 13: and fifty years we would have the UFC they're eating
30:33
Speaker 13: our cats, they're eating our dog.
30:38
Speaker 1: I want to welcome you.
30:39
Speaker 2: Welcome Basil. No bad, not bad, I've seen better.
30:47
Speaker 8: No, I'm laughing for a few reasons. One, Jenna and
30:50
Speaker 8: I used to be on Triple. We were on the
30:52
Speaker 8: other rings of encouraging politicians to do things like that,
30:57
Speaker 8: and we would rejoice when they would.
30:59
Speaker 1: Take debait and do it. Now, this is a very
31:02
Speaker 1: good reminded not to take the bait.
31:06
Speaker 2: And Christian is very.
31:09
Speaker 8: Popular and well liked.
31:11
Speaker 14: Maybe this was not the right.
31:15
Speaker 2: Well, Basil, are you going to take the bait? Are
31:18
Speaker 2: you going to give us your Trump reasonation? Okay, what
31:21
Speaker 2: about you?
31:21
Speaker 8: Joy is the neutral one here, and there's host and
31:27
Speaker 8: as the politician, we should be asking Jenna.
31:29
Speaker 2: To do right.
31:30
Speaker 9: So I'm the dancing monkey. And look, I'm taking this
31:32
Speaker 9: for the team Basil, because he did save my bacon
31:34
Speaker 9: many times when we.
31:36
Speaker 2: Were on Triplet together.
31:37
Speaker 9: There is no better broadcaster turned politician the Basils.
31:39
Speaker 2: And Plus, look, i think.
31:41
Speaker 9: I'm going back to when Trump was coming to what
31:44
Speaker 9: it might have been the d n the r n C,
31:46
Speaker 9: and I think it was talking about Joe Baiden, Joe
31:48
Speaker 9: Biden's asleep.
31:50
Speaker 2: And then Kamala kamala is at a dance party.
31:52
Speaker 9: Would be on sea, and like n.
32:00
Speaker 2: I wouldn't even attempt at a postpon. But I think
32:02
Speaker 2: the only thing I know how to.
32:03
Speaker 9: Do was the Trump, the Trump, the YMCA exactly.
32:07
Speaker 2: Yeah right, Basil, so much fun. Thanks, thanks, all right,
32:14
Speaker 2: We'll still to come. President Trump ramps up strikes on
32:17
Speaker 2: a run as the Straight of Homus closes, will bring
32:20
Speaker 2: you the latest plass. The countdown countdown is on. As
32:24
Speaker 2: Elon Musk's SpaceX prepares to go public, Russell Pillma is
32:28
Speaker 2: here to discuss after the break. Welcome back, well, Elon Musks.
32:37
Speaker 2: SpaceX will make its market debut this Friday, US time.
32:42
Speaker 2: It's the largest company to ever I p O, with
32:44
Speaker 2: a market valuation of US one point eight trillion dollars.
32:49
Speaker 2: Maybe more. AI companies Anthropic and Open Ai have also
32:53
Speaker 2: announced plans to go public. And joining me now to
32:56
Speaker 2: discuss this and more is funds management firm Pengana Cap
33:00
Speaker 2: Group chief executive Russell Pilma. Russell, thanks so much for
33:03
Speaker 2: being here.
33:04
Speaker 12: Thanks having me.
33:04
Speaker 2: So let's start with SpaceX. You were one of the
33:08
Speaker 2: pretty early investors when it was only valued at fifty
33:12
Speaker 2: billion dollars compared to a couple of trillion dollars. What
33:15
Speaker 2: made you have confidence in the company and invest at
33:18
Speaker 2: that time.
33:19
Speaker 15: Yeah, so it was already a meaningful company at the time,
33:22
Speaker 15: and SpaceX had one key attribute and that was that
33:26
Speaker 15: they have an ability to take stuff up into space
33:29
Speaker 15: at a really cheap price. So the immediate application is
33:33
Speaker 15: taking satellites into space, and they have got a contract
33:36
Speaker 15: with NASA, which was very valuable. But through that capability
33:40
Speaker 15: they could also build other businesses and the applications are immense.
33:44
Speaker 15: The first one that we all know about is Stylink,
33:48
Speaker 15: the satellite connectivity business, and so we could see that
33:53
Speaker 15: there was potential businesses they could build out of this,
33:57
Speaker 15: and at fifty billion dollars, we thought there.
33:58
Speaker 2: Was a lot of upside, but this much upside. Did
34:01
Speaker 2: you ever expect it would get to this valuation.
34:03
Speaker 15: I've got to say we didn't think it would quite
34:05
Speaker 15: get to this valuation. It's unbelievable. And I think Elon
34:10
Speaker 15: Musk is a true genius of our times in terms
34:15
Speaker 15: of really can built.
34:18
Speaker 12: But it's weird.
34:18
Speaker 15: It goes from here. So the things that he can
34:21
Speaker 15: do over and above this, you know, he's talking about
34:23
Speaker 15: things like mining the Moon, certainly putting data centers in space.
34:28
Speaker 15: So these things are hugely valuable if he's able to
34:31
Speaker 15: do them.
34:33
Speaker 2: Given it's IPO ing, it's such a late stage or
34:35
Speaker 2: a high valuation. Is there still I mean, is there
34:40
Speaker 2: still any upside for Australians to invest in the company.
34:44
Speaker 14: Yeah.
34:44
Speaker 15: So it's a great company, and my guess is longer
34:49
Speaker 15: term it will be even more valuable than it is today.
34:52
Speaker 15: But I think it's undeniable that most of the huge
34:56
Speaker 15: gains that have been made have been made as a
34:58
Speaker 15: private company. It's int the markets at a one point
35:01
Speaker 15: a trillion dollar valuation. It's pretty hard to double the
35:05
Speaker 15: triple and quadruple your money at that size, whereas investors
35:08
Speaker 15: who were in five years ago like ourselves, have been
35:11
Speaker 15: able to make something like thirty five times our money.
35:15
Speaker 2: Yeah, so I don't know if this is giving too
35:17
Speaker 2: much away, but I'll ask it anyway. Do you plan
35:20
Speaker 2: to sell your shares or hold them longer term? And
35:23
Speaker 2: I guess that does go to a question about your
35:26
Speaker 2: confidence in the future of SpaceX.
35:27
Speaker 15: Yes, so we hold this in a vehicle which is
35:30
Speaker 15: actually an ASX listed vehicle, pink on a Private Equity
35:35
Speaker 15: Trust P one is the ticker and the mandate of
35:39
Speaker 15: PE one is to hold private company. So once it
35:42
Speaker 15: goes public, we intend to sell, but we'll sell it.
35:44
Speaker 2: The rightt No.
35:47
Speaker 12: So firstly, all the old.
35:49
Speaker 15: Investors are locked up for at least six months or so,
35:53
Speaker 15: so we'll have an ability to sell at the end
35:56
Speaker 15: of the year or early next year. But I think
35:58
Speaker 15: we will sell it over time. I think you want
36:00
Speaker 15: to capture so that there will be some additional upside,
36:03
Speaker 15: especially because the index funds are being forced to come
36:06
Speaker 15: in and buy to buy the stock, and this could
36:09
Speaker 15: have a dramatic impact on the valuation going forward.
36:13
Speaker 2: That's really interesting. But I do want to turn to
36:15
Speaker 2: antroffic and open Ai as well. I mean, you know,
36:18
Speaker 2: people watching this would say, is it possible for Australian
36:22
Speaker 2: investors to invest in these companies Anthropic and open Ai
36:26
Speaker 2: before they go public so they can get a bit
36:28
Speaker 2: more of that upside.
36:29
Speaker 15: Yeah, So that that is that is the key, and
36:32
Speaker 15: I think open Ai and Anthropic on the same track
36:35
Speaker 15: as SpaceX. They'll probably list it a similar type of
36:38
Speaker 15: valuation and they too will generate huge amounts of upside
36:42
Speaker 15: for their private market investors. We have actually recently we
36:46
Speaker 15: are in the process at the moment of doing an
36:48
Speaker 15: I P O for another vehicle. It's the Tickler is AIX.
36:53
Speaker 15: The RPI is actually opened at the moment, unfortunately only
36:55
Speaker 15: available to wholesale investors or investors through for actual advisors.
37:01
Speaker 15: Must say that, but through that you're actually we're targeting
37:06
Speaker 15: to have holdings in Anthropic and Open AI in order
37:10
Speaker 15: to give regular investors that access to that type, to
37:16
Speaker 15: that pre pre IRPO opportunity. The other one which we've
37:20
Speaker 15: got in there, which is which is really interesting and
37:22
Speaker 15: people talk about it much much less, is By Dance
37:25
Speaker 15: and By Dance is the Chinese TikTok.
37:29
Speaker 2: Yeah.
37:29
Speaker 15: Yeah, it owns TikTok. TikTok's a really small part of
37:32
Speaker 15: its business. It's mostly an AI play and they've got
37:35
Speaker 15: the large language model, so the equivalent of Nthropic or
37:40
Speaker 15: Open AI in the Chinese market, and they have a
37:42
Speaker 15: monopoly there and so we've got a large position in
37:45
Speaker 15: that as well. It's a very interesting business.
37:48
Speaker 2: I mean interesting geopolitical considerations though with investing in By.
37:51
Speaker 15: Dance absolutely, look, I think we want to you know,
37:56
Speaker 15: we're not looking at things from a political perspective, making
37:59
Speaker 15: pity statements, but just trying to generate returns for our clients.
38:04
Speaker 15: And you certainly want to be balanced out. I think,
38:07
Speaker 15: you know, having a monopoly in AI in China is
38:10
Speaker 15: a fantastic position to have.
38:12
Speaker 2: Yeah, that's huge. It's incredible to think they don't have CHAT,
38:15
Speaker 2: GPT or QUAD or any of the others in there.
38:19
Speaker 15: Yeah, I think we all you can imagine why, you know,
38:23
Speaker 15: the government there doesn't like X.
38:25
Speaker 2: To those time press freedom exactly.
38:28
Speaker 15: Yeah, to those types of opportunities. But you know, it's
38:32
Speaker 15: a very valuable, powerful business at bye times.
38:35
Speaker 2: Well, thank you so much for coming in. Really appreciate it. Fantastic,
38:39
Speaker 2: Thank you all right, Well still to come. Donald Trump
38:42
Speaker 2: is upping the ante against Iran. Will these later strikes
38:46
Speaker 2: finally get the regime to cave to a deal. Plus,
38:50
Speaker 2: small businesses desperately try to stop labor's tax changes. That's
38:54
Speaker 2: after the break. Treasury Jim Chalmers today said that labors
39:02
Speaker 2: capital gains tax and negative gearing changes would be good
39:06
Speaker 2: for productivity because they'll funnel investors from housing into other
39:10
Speaker 2: parts of the economy. But put aside the spin and
39:14
Speaker 2: there have been talks with business groups who are frantically
39:17
Speaker 2: trying to secure carveouts and joining me now to discuss
39:20
Speaker 2: is the Council of Small Business Organizations Chair Matthew Addison. Matthew,
39:25
Speaker 2: good to have you with us.
39:26
Speaker 12: Thank you.
39:27
Speaker 2: Now, what are you hearing about whether there would be
39:30
Speaker 2: carveouts for small business or whether it's just going to
39:32
Speaker 2: be confined to the startup sector.
39:36
Speaker 16: We're pleased to be having conversations with various ministers in government.
39:39
Speaker 16: So we've met with the Treasurer, We've met with the
39:42
Speaker 16: Small Business Minister, we've met with treasure at officials to
39:46
Speaker 16: present the view that small business are really, really concerned.
39:50
Speaker 16: They haven't reacted well to the budget, and you've got
39:53
Speaker 16: people that have invested their lives in their small business
39:57
Speaker 16: and they're now uncertain. So the sacrifices they've made, the
40:01
Speaker 16: income they haven't taken because they've tried to grow their business.
40:05
Speaker 16: Their retirement plan was what they'll do with their small
40:08
Speaker 16: business at retirement their sales pitch, and now capital gains
40:12
Speaker 16: tax is going to make possibly a significant detriment to
40:17
Speaker 16: that plan.
40:18
Speaker 2: When you had the meetings with the treasure and the
40:20
Speaker 2: other senior ministers, did you get the sense that they
40:23
Speaker 2: cared or understood what small business is going through, because
40:28
Speaker 2: the comments we've heard from the likes of Jenny Wilkinson
40:31
Speaker 2: is that, you know, we have to raise taxes for
40:33
Speaker 2: more revenue and people just have to suck it up.
40:36
Speaker 16: Yeah, there's some interesting comments being made by both minister's
40:40
Speaker 16: government officials and others.
40:44
Speaker 12: I do think it's interesting.
40:48
Speaker 16: The comment by the Secretary from Treasury as a revenue
40:52
Speaker 16: take measure, that's really disappointing. If we go back to
40:57
Speaker 16: the economic reform roundtable that the treasure ran last year,
41:01
Speaker 16: one of the team that prominent outcomes was tax modernization,
41:06
Speaker 16: but it talked about long term tax reform, and all
41:09
Speaker 16: of a sudden, we have a budget that, without consultation,
41:13
Speaker 16: has brought us two three significant changes.
41:16
Speaker 12: Radical yeah, radical changes. You know the negative gearing.
41:21
Speaker 16: Okay, we saw to get it, but again it wasn't
41:24
Speaker 16: tabled in advance. Stakeholders didn't get a chance to think
41:27
Speaker 16: about it. Others in the economy haven't been able to
41:32
Speaker 16: evaluate or contribute to an effective negative gearing system. Tapital
41:37
Speaker 16: gains tax, clearly there was new things. Thirty percent minimum
41:42
Speaker 16: there just hurts.
41:44
Speaker 2: And you raise an important point that these consultations. The
41:46
Speaker 2: meetings that you're having are after the legislation has already
41:50
Speaker 2: gone through the lower House.
41:52
Speaker 16: So we're really pleased that there is at least a
41:55
Speaker 16: Senate inquiry in place.
41:57
Speaker 12: So something's happening two days feels ought. There is a
42:01
Speaker 12: lot of very valid.
42:02
Speaker 16: Contributions that our members are bringing to us. Small business
42:07
Speaker 16: are bringing to us, the examples that we're getting a
42:11
Speaker 16: Council of Small Business of those life changing what do
42:17
Speaker 16: I do? I'm uncertain now, I don't know whether to
42:20
Speaker 16: invest in my business or not.
42:22
Speaker 12: And then you.
42:23
Speaker 16: Alluded to the startup sector or the carve outs. That
42:27
Speaker 16: needs really good discussion. That's a wholesale reform that if
42:32
Speaker 16: we're going to move from the fifty percent discount to indexing, well,
42:35
Speaker 16: if you index zero, which was your start point, it
42:38
Speaker 16: never gets beyond zero.
42:40
Speaker 12: We've got to get somewhere different.
42:42
Speaker 2: Are you worried and disappointed though that they are? Look,
42:45
Speaker 2: it does look like there might be carve outs for startups,
42:49
Speaker 2: but not for other businesses or small businesses.
42:51
Speaker 16: Look, we've heard a range of answers to that question.
42:55
Speaker 16: So from a small business angle, we have very much
42:58
Speaker 16: pushed the currents a business concessions are good, though one
43:02
Speaker 16: of them.
43:02
Speaker 12: Could drop off if we liked.
43:04
Speaker 16: It's very complicated, but the five million turnover needs to
43:07
Speaker 16: go up to ten minutes, or sorry, two million turnover
43:10
Speaker 16: needs to go up to ten million.
43:11
Speaker 12: The net asset test is the complicated one.
43:14
Speaker 16: It'd be good if that disappeared, but let's bring that
43:19
Speaker 16: up to a twelve million dollar test. Then we've got
43:22
Speaker 16: to think about startups. But we've got to think about
43:24
Speaker 16: every business that's growing, high risk, high growth businesses. Surely
43:29
Speaker 16: we should be in Australia rewarding that risk taking.
43:34
Speaker 2: Yeah, I mean it doesn't sound like people are going
43:36
Speaker 2: to be in a rush to invest in Australian businesses.
43:38
Speaker 2: That's for sure. That there's no incentive to with this budget,
43:42
Speaker 2: in this economic climate.
43:44
Speaker 16: We would look for an environment that encourages entrepreneurship. It
43:49
Speaker 16: encourages a bit of risk taking. It looks after the
43:52
Speaker 16: mum and dad business and right now we're very concerned,
43:56
Speaker 16: as are the small businesses.
43:57
Speaker 12: We talk to.
43:58
Speaker 16: They're just going, I don't know, the ground has shifted
44:02
Speaker 16: and I don't know how to respond.
44:03
Speaker 2: Yeah, exactly, all right, Well, Matthew Addison, good to have
44:07
Speaker 2: you here. Thank you so much.
44:08
Speaker 12: Thanks, Harry.
44:11
Speaker 2: Still to come. Donald Trump is firing back at Iran.
44:15
Speaker 2: We've had a couple of days of this. Now where
44:17
Speaker 2: is it heading. We'll talk about it after the break.
44:23
Speaker 2: Welcome back. Well, what has become clear is that Iran
44:27
Speaker 2: is calling the shots in the war and not President Trump.
44:30
Speaker 2: He wants the water and he wants a piece steel
44:33
Speaker 2: done with Tehran, but it is refusing. Iran then struck
44:37
Speaker 2: down a US chopper near the straight up hor moves,
44:40
Speaker 2: and it did so to deliberately draw the President back
44:43
Speaker 2: into war, and true to form, the US retaliated with
44:46
Speaker 2: a wave of strikes.
44:48
Speaker 4: We're going to be attacking them, attacking them very hard.
44:51
Speaker 8: We hit them hard yesterday and we're going to hit
44:54
Speaker 8: him again hard today.
44:55
Speaker 1: And we'll see what happens with the deal.
44:58
Speaker 4: We're really close to a deal, but they keep cappit
45:00
Speaker 4: us alone, they keep playing us to suck it.
45:04
Speaker 2: And for analysis on this is former IDF intelligence officer
45:08
Speaker 2: Dan Fefferman. Dan, thanks for your time. So the President,
45:12
Speaker 2: as you heard, there is threatening further strikes in Iran.
45:15
Speaker 2: He says, you'll continue attacking in response to this downing
45:18
Speaker 2: of the US choppa. What is the US position.
45:21
Speaker 14: Now the US President Trump, they said it right. They're
45:26
Speaker 14: trying to get to a deal here that would stop
45:29
Speaker 14: Iran from achieving nuclear weapon. They're trying to get to
45:31
Speaker 14: a deal that would stop the biggest supporter of terrorism
45:35
Speaker 14: in the world, one of the biggest ideological and weapons
45:37
Speaker 14: of border the terrorism Islamic extremism in the world, from
45:40
Speaker 14: achieving a nuclear weapon. Iran thinks that it can pressure
45:44
Speaker 14: the Strait of Hormos. It's claiming it as its own
45:47
Speaker 14: and not the international waterway that it is. Of course,
45:50
Speaker 14: we're talking about the strait of which twenty percent of
45:53
Speaker 14: global oil supplies passed through every day. And it's conducting
45:58
Speaker 14: drone and missile strikes and neighboring countries at American ships,
46:02
Speaker 14: at vessels going through the strait, at US allies around
46:05
Speaker 14: the Gulf, including all the way to Jordan. It fired
46:09
Speaker 14: missiles at Israel once again two days ago. Where I'm
46:12
Speaker 14: sitting currently, and so Iran is trying to play a
46:15
Speaker 14: game of chicken. Iran thinks that it can outlast the
46:19
Speaker 14: United States in this strategic game of you know who
46:22
Speaker 14: blinks first, and President Trump is determined to not let
46:26
Speaker 14: them get away with us to show that the US
46:28
Speaker 14: has and it does has infinite more military power and
46:32
Speaker 14: economic power, but with the goal of getting the I
46:35
Speaker 14: audience to the table to accept a deal that is fair,
46:39
Speaker 14: and that they keep trying to drag their feet to
46:42
Speaker 14: get out of accepting such a deal.
46:44
Speaker 2: I'm interested in the Israeli perspective because we know that
46:47
Speaker 2: Trump is very keen to get a pasteel done. Tell me, Dan,
46:52
Speaker 2: do most Israelis want an end to the wall or
46:54
Speaker 2: do they want Iran to be more thoroughly militarily defeated.
47:00
Speaker 14: Yeah, Israel is a different case here because we've been
47:03
Speaker 14: on the receiving end of Iran and its proxies, missiles
47:07
Speaker 14: and terrorism for the better part of forty years. We've
47:10
Speaker 14: had Hamas rockets rain on us for twenty good years.
47:14
Speaker 14: We've had the threat of Isabella rockets for many many years,
47:18
Speaker 14: and so we're not shy here. We're not adverse to
47:22
Speaker 14: the price you have to pay in order to take
47:25
Speaker 14: on these foes, and we're among the first to suffer
47:28
Speaker 14: of these. So the Israeli public, quite literally from the
47:31
Speaker 14: left all the way to the right here, is quite
47:33
Speaker 14: aligned on the fact that a deal is not enough
47:36
Speaker 14: because Iran cannot be trusted to a bold a deal.
47:39
Speaker 14: What needs to be done ultimately is the downfall of
47:42
Speaker 14: the Islamic Republic regime. Israel used to have very warm
47:47
Speaker 14: and friendly ties with the pre Islamic Republic Iran, and
47:51
Speaker 14: hopefully most Israelis are looking forward to the day when
47:55
Speaker 14: we can have such relations with a post Islamic Republic Iran.
47:58
Speaker 14: But we well understand that as long as this regime
48:01
Speaker 14: is in place, that there will never be peace, There
48:05
Speaker 14: will never be a deal that will be upheld with
48:07
Speaker 14: this regime. We also understand quite well here that it
48:10
Speaker 14: might not happen in this realm, and that if the
48:13
Speaker 14: United seeking a short term agreement to push back Iran's
48:18
Speaker 14: achievement of a nuclear weapon, then so be it, and
48:23
Speaker 14: the shadow or so to speaker, will continue for another day.
48:27
Speaker 2: Yeah, there were great hopes that the regime would collapse
48:30
Speaker 2: earlier on in the war. I just want to ask
48:33
Speaker 2: you very quickly about the concerns and the reporting about
48:37
Speaker 2: the relationship between Trump and NED and Yahoo. They obviously
48:40
Speaker 2: speak very regularly, They've had a very strong partnership. Do
48:44
Speaker 2: you think the reports that there has been a deterioration
48:47
Speaker 2: in this relationship are genuine. We've got about thirty seconds.
48:51
Speaker 14: No, I don't. I think this is one of the
48:53
Speaker 14: closest relationships a between two countries, and it's one of
48:57
Speaker 14: the closest relationship between two leaders who really do see
49:00
Speaker 14: ida I and a lot of things. At the end
49:01
Speaker 14: of the day, it's two different countries and they're not
49:03
Speaker 14: going to perfectly see ida eye on everything. What I
49:06
Speaker 14: think you're seeing here is a constructed spat for public
49:11
Speaker 14: viewership in order for the US to use kind of
49:13
Speaker 14: Israel as a way to pressure Iran.
49:15
Speaker 2: We're out of time, Dan Fefferman, thanks for joining me
49:19
Speaker 2: now just quickly. It's been a really intense six months
49:21
Speaker 2: with the book and the documentary, so I'm taking a
49:24
Speaker 2: bit of a break in some family time. Caroline Marcus
49:27
Speaker 2: is filling in next week. Please tune in and support
49:30
Speaker 2: her and I'll see you soon. Coming up next, Poor
49:33
Speaker 2: Murray Live hosted by kaylab Bond