Transcript

Sharri | 25 August · Sharri

0:06
Speaker 1: A huge well done to Chris Kenny, Richard Andrews, Mark
0:10
Speaker 1: Calvert and the team. These documentaries take an enormous amount
0:13
Speaker 1: of work and they did that so well. One Nation's
0:17
Speaker 1: Rise has been the most stunning political development of twenty
0:20
Speaker 1: twenty six, and that was a fascinating documentary analyzing the
0:24
Speaker 1: factors behind this rise. In many ways, as we saw,
0:29
Speaker 1: Pauline has changed very little from the controversial figure who
0:33
Speaker 1: first burst onto the scene in nineteen ninety six with
0:36
Speaker 1: this maiden speech, I.
0:38
Speaker 2: Believe we are in danger of being swamped by Asians.
0:42
Speaker 2: They have their own culture and religion, form ghettos and
0:46
Speaker 2: do not assimilate. Of course I will be called racist,
0:51
Speaker 2: but if I can invite who I want into my home,
0:55
Speaker 2: then I should have the right to have a say
0:58
Speaker 2: in who comes into my country.
1:01
Speaker 1: Well, it's the same anti immigration theme now, but a
1:04
Speaker 1: different target. And as you saw in the documentary, Chris
1:08
Speaker 1: Kenny really press Pauline on whether she got this wrong
1:12
Speaker 1: when she wanned back in the day that Asian immigration
1:15
Speaker 1: was a problem. As Chris said to her, it never
1:18
Speaker 1: turned out to be an issue. But in true Pauline's style,
1:22
Speaker 1: she'll never admit she was wrong, and she won't apologize
1:26
Speaker 1: for her past positions.
1:28
Speaker 3: I said at the time.
1:29
Speaker 4: Yes, I want you, whether you are prepared, I'm not.
1:33
Speaker 2: You were wrong, No, not for the time that I
1:36
Speaker 2: said it. I said that at the time thirty years ago.
1:42
Speaker 4: And it turned out to be wrong. Asian migrants had
1:45
Speaker 4: not turned out to be a problem in this country.
1:49
Speaker 1: Hanson denied then and denies now that she's racist. Many
1:53
Speaker 1: will disagree with her, but there's no disagreement about the
1:57
Speaker 1: fact that Pauline's anti immigration message is resonating now with
2:02
Speaker 1: many Australians. The failures of multiculturalism in our country, and
2:07
Speaker 1: this has to include the rise of radical Islam and
2:10
Speaker 1: terror particularly explain the rise of populist figures like Pauline Hansen.
2:17
Speaker 1: This is why the documentary made it very clear that
2:20
Speaker 1: One Nation's popularity really sowed after the Bondai terror attack,
2:25
Speaker 1: and Chris detailed how one Nation first overtook the Liberals
2:29
Speaker 1: or the Coalition really in the very first Newspot of
2:32
Speaker 1: twenty twenty six.
2:34
Speaker 4: I've spoken to people, including people who have changed their
2:37
Speaker 4: vote from the Coalition to One Nation in South Australia
2:40
Speaker 4: and in Farah who have done so. They say the
2:43
Speaker 4: turning point for them was the Bondai massacre.
2:46
Speaker 5: Yeah.
2:47
Speaker 6: Look, I think it was a catalyst. There was a
2:49
Speaker 6: sense that you establishment Australia had moved away from Middle
2:56
Speaker 6: Australia and so I do think it crystallized a sense
3:00
Speaker 6: of anger and grief.
3:03
Speaker 1: Now, what I found really fascinating about this documentary was
3:07
Speaker 1: that even a farmer, I mean far removed from Sydney's East,
3:11
Speaker 1: far removed from the world of Bondai Beach, even a
3:14
Speaker 1: farmer changed his political vote after the Bondaid terror attack.
3:18
Speaker 1: That sickening display of murder at our most famous beach
3:22
Speaker 1: shook the entire nation. And it's Pauline who's taken political advantage.
3:30
Speaker 7: That I think got people to wake up and say,
3:34
Speaker 7: hang on, where are we, where are we heading?
3:37
Speaker 3: What are we going with here?
3:40
Speaker 7: And I think that was a real turning point. So
3:44
Speaker 7: and watching how the I guess the Waiver Party handled
3:48
Speaker 7: that and called it out for completely different things to
3:52
Speaker 7: what it actually was. Everyone gun control you mean, yeah, yeah,
3:55
Speaker 7: gun control hang on.
3:58
Speaker 1: Of course, he was referring to how Prime Minister Anthony
4:01
Speaker 1: Albanezi announced a national gun buyback scheme.
4:04
Speaker 3: In the wake of Bondai. It missed the point.
4:07
Speaker 1: As both Josh Friedenberg and Pauline Hansen said at the time,
4:12
Speaker 1: the trigger was Islamist extremism. Angus Taylor can see clearly
4:17
Speaker 1: that this is what is driven support from one nation,
4:21
Speaker 1: but he didn't articulate a clear way to win voters back.
4:26
Speaker 6: We needed to call out Islamist extremism immediately.
4:29
Speaker 4: But if the alban easy Labor government hasn't been strong enough,
4:32
Speaker 4: if it's let the country down when it comes to
4:34
Speaker 4: andy Semitism and Islamist extremism, why then a voter's gone
4:38
Speaker 4: to one nation and not the coalition.
4:40
Speaker 6: Oh I think they see that we are the parties
4:44
Speaker 6: of government and we've let them down.
4:48
Speaker 1: That's that whole Uni party argument. But no one can predict,
4:52
Speaker 1: not the pollsters nor the commentators, how this will play
4:55
Speaker 1: out at the Victorian election in November, at the New
4:58
Speaker 1: South Wales polls in March, nor the federal election the
5:01
Speaker 1: year after that. But it is clear that one nation
5:05
Speaker 1: poses the greatest threat to the coalition, although it's something
5:09
Speaker 1: Pauline Hanson just refuses to admit. She says, of course,
5:13
Speaker 1: that her aim is a change of government, and she
5:16
Speaker 1: claims the Liberals can't win government outright in Melbourne. But
5:20
Speaker 1: that's not what Opposition leader Jess Wilson or her team believe. Now,
5:26
Speaker 1: Chris asked Pauline that critical question. By splitting the Conservative vote,
5:30
Speaker 1: won't Labor stay in power in Victoria. But the same
5:34
Speaker 1: point can also be made at the federal level.
5:37
Speaker 4: By splitting the right of center vote, you might help
5:41
Speaker 4: Labor stay in power in Victoria.
5:43
Speaker 2: Now I don't believe that, right. It's up to people
5:46
Speaker 2: out there. If you want to get riddle of labor,
5:48
Speaker 2: then you vote one Nation number one and then you
5:50
Speaker 2: put Libs number two. So that's a fallacy that everyone's
5:54
Speaker 2: putting out there. Oh you're going to hand it back
5:56
Speaker 2: to the Labor Party.
5:58
Speaker 1: No, yeah, But many commentators reject this, like the Australians
6:04
Speaker 1: Editor at Large Paul Kelly is one of the most
6:06
Speaker 1: experienced political figures in journalism in Australia. And as you
6:11
Speaker 1: heard tonight and he said it here before the rise
6:14
Speaker 1: of Pauline Hansen just guarantees Albanzi another term in office.
6:20
Speaker 8: They hate Albanesi. I actually think supporting Pauline Hanson is
6:24
Speaker 8: going to bring Albanesi undone. And of course this is
6:27
Speaker 8: complete nonsense. The Labor Party knows that the best guarantee
6:32
Speaker 8: it has the best guarantee Anthony Alberzi has a remaining
6:36
Speaker 8: in office. Is Pauline Hanson getting a strong vote. That
6:40
Speaker 8: is the reality.
6:42
Speaker 1: Yeah, And as Chris Kenny pointed out, both the Coalition
6:45
Speaker 1: and One Nation are battling over that right of center vote.
6:49
Speaker 1: And in the documentary Tonight, Matt Canavan, the Nationals leader,
6:53
Speaker 1: just categorically ruled out forming any sort of governing coalition
6:57
Speaker 1: with one Nation?
6:59
Speaker 4: Could you in government work with one Nation? Could there
7:03
Speaker 4: be effectively a coalition of what Labour now calls the
7:06
Speaker 4: three right wing parties?
7:07
Speaker 8: Look, I can't really see any formal coalition occurring.
7:12
Speaker 1: An Angus Taylor is even more brutal. He just says
7:15
Speaker 1: One Nation is not fit to govern our country. But
7:19
Speaker 1: the question is whether voters believe that. Do they have
7:23
Speaker 1: confidence that Pauline could be Prime Minister or Barnaby Joyce
7:27
Speaker 1: as perhaps treasurer, all the other rogue members of their
7:31
Speaker 1: team as Attorney General, Home Affairs Minister or Foreign minister?
7:36
Speaker 1: Or is voter anger at the Albanezy government and loss
7:40
Speaker 1: of confidence in the coalition just so great that voters
7:44
Speaker 1: will accept the political upheaval and vote one Nation, and
7:49
Speaker 1: there are clear parallels here with the rise of Donald
7:52
Speaker 1: Trump in the US and how this unfolds will be
7:56
Speaker 1: fascinating for all of us to watch. But the most possibility,
8:00
Speaker 1: as Chris Kenny points out, is that this only solidifies
8:05
Speaker 1: Albanesi's grip on power. And for more analysis on this, now,
8:12
Speaker 1: let's bring in former Labor Party strategist Cameron Milner and
8:16
Speaker 1: New's twenty four hosts Joe hilde Brown.
8:17
Speaker 3: Great to see you both.
8:18
Speaker 1: God be great to be here, well, Cameron, I mean,
8:20
Speaker 1: the rise of One Nation is part of this global
8:23
Speaker 1: populist trend, so it can't be seen in isolation, can it.
8:28
Speaker 5: Well.
8:28
Speaker 9: I think that the really good thing about Chris Kenny's
8:31
Speaker 9: documentary I've got to congratulate News twenty four and producing
8:34
Speaker 9: a really really good political documentary had some really fascinating
8:37
Speaker 9: insights is this is actually in Australian phenomenon. I mean,
8:40
Speaker 9: Pauline Handsome point of the view that she's been consistent,
8:42
Speaker 9: she's been authentic for thirty years and people are now
8:45
Speaker 9: warming to the message because the tweedled and tweedl Dumma
8:49
Speaker 9: of federal politics of the major political parties. No one
8:52
Speaker 9: can think they could be any worse than putting One
8:54
Speaker 9: Nation into camera. And that's the difficulty. The establishment can't
8:57
Speaker 9: understand that the people out there are so out raged
9:00
Speaker 9: by what's happening in Australia with their government and what's
9:02
Speaker 9: happening with migration and other matters, that in fact Pauline
9:06
Speaker 9: Hanson and One Nation look like a viable option.
9:10
Speaker 3: Joe though, as.
9:10
Speaker 1: Chris Kenny pointed out, the start of One Nation surge,
9:14
Speaker 1: because you've got to remember at the last federal election,
9:16
Speaker 1: the One Nation's primary was it was around six percent,
9:20
Speaker 1: it was really low. So this really came after the
9:23
Speaker 1: Bondai terror attack and the concern about radical Islam.
9:26
Speaker 5: Yeah.
9:26
Speaker 10: Absolutely, I mean Cameron's right, paul and Hanson has been
9:28
Speaker 10: around a very long time and there's been quite a
9:30
Speaker 10: few times when it's looked like she was going to
9:31
Speaker 10: sort of break through, but it always fizzled out.
9:35
Speaker 5: But I think she has.
9:36
Speaker 10: I mean, there has always been that kind of populist
9:40
Speaker 10: I think, sort of tied sort of just beneath the
9:43
Speaker 10: surface of Australian politics, waiting to go over the top
9:47
Speaker 10: like it did in the US under Trump. Like it's
9:49
Speaker 10: probably possibly doing the UK under Farage. The benefit for
9:53
Speaker 10: those of us in the middle is that the Australian
9:56
Speaker 10: electoral system, unlike any of those countries in most countries
9:59
Speaker 10: throughout the world, has this huge ameliorating effect which does
10:02
Speaker 10: not allow those big shocks to happen unless there is
10:06
Speaker 10: just an almost seismic seismic mood out there which is
10:10
Speaker 10: just not there, Which is why Paul Kelly is completely
10:13
Speaker 10: correct when he says that splitting the Conservative vote will
10:16
Speaker 10: just help Anthony Albanzi remain in power.
10:19
Speaker 11: Now.
10:19
Speaker 10: Even as someone who is sympathetic to the Labour Party,
10:23
Speaker 10: even I don't like that because it means that the
10:25
Speaker 10: government is not being stress tested on some of its
10:28
Speaker 10: weaker points, which means that it will not get the
10:29
Speaker 10: policies right that it needs to get and there have
10:32
Speaker 10: been plenty of bad ones in the last budget that
10:34
Speaker 10: it needs to get to be fit for purpose and
10:36
Speaker 10: to serve the interests of the economy. But the fact
10:38
Speaker 10: of the matter is in a compulsory preferential voting system
10:41
Speaker 10: like Australia, one nation is cannibalizing the right wing vote.
10:45
Speaker 10: There is clearly a rump of about eighteen percent, say
10:49
Speaker 10: of coalition voters who are what you might call never
10:52
Speaker 10: one nationers, like there are never trumpers in the Republican Party.
10:55
Speaker 10: If One Nation beats and knocks out the coalition in
10:59
Speaker 10: those seas, it's then they will hold their nose and
11:02
Speaker 10: they will vote for Labor even though they don't like it,
11:05
Speaker 10: because they see it's the least worst option.
11:07
Speaker 1: I find that hard to believe that any liberal voters
11:09
Speaker 1: would be voting for Labor. But Cameron, what do you
11:11
Speaker 1: think about Joe's broader analysis? Paul Kelly's too that the
11:15
Speaker 1: rise of One Nation that they can't win government in
11:17
Speaker 1: their own right.
11:19
Speaker 3: It's just too great a.
11:20
Speaker 1: Task, so it ends up cementing Albanisi in power for
11:22
Speaker 1: another term.
11:24
Speaker 9: Well, I think Labor is very smug and happy with
11:26
Speaker 9: Paulie Hanson's rise and to you to your program tonight,
11:30
Speaker 9: I mean, I think Labor is too comfortable, Joe. You know,
11:33
Speaker 9: they think they're the party government now, and that's terrible.
11:35
Speaker 9: I mean, we actually want a contest of ideas. We
11:37
Speaker 9: want government to be hard to earn from the voters
11:40
Speaker 9: out there, and you're right, at the moment, One Nation
11:42
Speaker 9: is really splintering the right and unfortunately, you know, Angus
11:46
Speaker 9: Taylor is not the liberal answer. I don't think he's
11:49
Speaker 9: had his chance. He's not doing very well. And so
11:51
Speaker 9: Paulie Hanson is doing really well, but she's still only
11:54
Speaker 9: really extracting what the right vote is. They haven't yet
11:57
Speaker 9: started taking too much off labor though, there's probably about
11:59
Speaker 9: four to five points off labor, so they're doing some
12:01
Speaker 9: work there, but not enough, not enough to be the
12:05
Speaker 9: alternative government to a lazy labor party led by Elbow.
12:09
Speaker 1: Just real fair to Angus Taylor. He's only been in
12:10
Speaker 1: the job a few months, so you know, give him
12:14
Speaker 1: a chance. But yes, he hasn't had that immediate cut through.
12:16
Speaker 1: And you know, Pauline Hanson is one of the most
12:19
Speaker 1: recognizable politicians in the country because she has been around
12:23
Speaker 1: for such a long time. But I'm also interested, Joe in,
12:27
Speaker 1: you know, just how Pauline's going to deal with the
12:30
Speaker 1: increasing scrutiny that is surely going to come now that
12:33
Speaker 1: she is a head in the polls.
12:34
Speaker 3: I mean that she's been very sensitive to that.
12:37
Speaker 5: And this is the thing.
12:38
Speaker 10: I mean this is and again I don't like the
12:40
Speaker 10: sort of pylons and I think there's often something quite
12:42
Speaker 10: snoodish and snobby about people who look down their nose
12:44
Speaker 10: at Pauline Hansen. But it is just an undeniable fact
12:47
Speaker 10: that basically none of their policies are costed. There is
12:51
Speaker 10: confusion over what their policies actually are. I mean Barnaby Joyce,
12:54
Speaker 10: who I love is made of mine, but didn't know
12:57
Speaker 10: what their housing policy was. That this is the biggest problem,
13:00
Speaker 10: the biggest policy area, the most important thing to people
13:02
Speaker 10: in this country right now, and the guy who is
13:05
Speaker 10: basically the two ic didn't know what one nation's policy was.
13:09
Speaker 10: We've had three different immigration policies come out from David Farley,
13:12
Speaker 10: Pauline Hanson and now two other senators where they don't
13:15
Speaker 10: know if it's one thousand, two hundred thousand or zero.
13:18
Speaker 1: Can I just interrupt you there, because immigration is obviously
13:21
Speaker 1: one nation's strongest policy area.
13:23
Speaker 5: I don't know what it is.
13:24
Speaker 3: Well hold on.
13:25
Speaker 1: I think the figure that has clearly cut through to
13:28
Speaker 1: voters is the one hundred and thirty thousand figures. So
13:30
Speaker 1: find David Farley's off in a rogue tangent. But now
13:33
Speaker 1: there were two other senators said that they got a
13:36
Speaker 1: met zero, whereas whereas the Liberals, Cameron or the Coalition
13:41
Speaker 1: has not put their immigration policy out there, so everyone knows.
13:44
Speaker 3: What the one nation figure is.
13:46
Speaker 1: And given this is the political battleground on immigration, then
13:50
Speaker 1: shouldn't the coalition be getting its policy out there as
13:52
Speaker 1: quick as possible?
13:54
Speaker 9: Well you'd think so, and having Andrew Bragg effectively announce
13:57
Speaker 9: it a blow of the leaders. Know, this just shows
13:59
Speaker 9: how this funk liberal party is at the moment. But
14:01
Speaker 9: look but even Tony Burke booked. I mean Tony Burke
14:04
Speaker 9: took the migration policy to cabinet in albert when Alba
14:07
Speaker 9: is in Tasmania, you know, living it up like this,
14:09
Speaker 9: rather than going to Gama. He took it to cabinet,
14:11
Speaker 9: but four days later failed to go to National Press
14:14
Speaker 9: Club and announce it. So Labour's got problems with the
14:16
Speaker 9: migration number as well, and Paul en Hanson is discombobulating,
14:19
Speaker 9: discombobulating both the major political parties.
14:22
Speaker 1: Just one other point, because we've been talking about how
14:24
Speaker 1: one nation's putting so much pressure on the coalition. But
14:27
Speaker 1: the state by election in way of Secret Harbor this weekend,
14:31
Speaker 1: I mean that's a safe Labor seat, it was, and
14:33
Speaker 1: one nation's expected to win it.
14:35
Speaker 5: Joe, Yeah, well again this is the thing.
14:37
Speaker 10: And this is why I think Labour has a lot
14:39
Speaker 10: to worry about and is wrong to be complacent and think, oh,
14:42
Speaker 10: the rights just eating itself and we can just cruise
14:44
Speaker 10: to victory like Stephen Bradbury. One Nation is the most
14:48
Speaker 10: popular party among working class voters in Australia today, And
14:52
Speaker 10: let me just repeat that, One Nation is the most
14:55
Speaker 10: popular people party among working class people today.
14:59
Speaker 5: It has got the labor vote.
15:01
Speaker 10: So Labor might be you know, winning elections, or it
15:05
Speaker 10: might win poles, but it is losing its soul if
15:09
Speaker 10: it doesn't do something to address that.
15:11
Speaker 5: You do not want the party that.
15:13
Speaker 10: Was forged by workers for workers to become a party
15:17
Speaker 10: that represents public service.
15:19
Speaker 5: Bureaucrats in Leafy Sex find good point.
15:23
Speaker 1: Let's have a look at a couple of the other
15:25
Speaker 1: issues around today. We've been speaking about Green Senator Nick
15:28
Speaker 1: McKim on the show this week his shocking comments about Zionists.
15:31
Speaker 1: Well now he's effectively declared war on comedian Dave Hughes
15:35
Speaker 1: because Hughes dared to call out the exorbitant cost of
15:38
Speaker 1: the NDIS.
15:39
Speaker 3: Have a look.
15:41
Speaker 12: They're also refusing to make rich landlord like you pay your.
15:46
Speaker 5: Fair share of tax.
15:49
Speaker 3: His spray went on for a while.
15:50
Speaker 1: Will Hughesy responded on x saying, we're renting a two bedroom,
15:54
Speaker 1: renovated inner city Melbourne apartment with car parking to a
15:58
Speaker 1: single mom and her kids for one hundred and two
16:00
Speaker 1: only a week. You're on a huge public salary and
16:04
Speaker 1: shift your focus to helping Australia rather than hunting for
16:07
Speaker 1: social media likes.
16:10
Speaker 3: Yeah, exactly.
16:11
Speaker 1: I mean Camerin McKim has just lost touch with reality
16:14
Speaker 1: if he thinks the NDIS doesn't need reform given it
16:18
Speaker 1: is blowing the federal budget totally.
16:22
Speaker 9: I mean, the NDS is absolute shambles. I mean, I
16:25
Speaker 9: think Mark Butler is doing a really good job in
16:28
Speaker 9: trying to rain.
16:28
Speaker 5: Those costs in.
16:29
Speaker 9: But the difficulty is what started as a really real
16:31
Speaker 9: good idea has been rooted senseless and a lot of
16:34
Speaker 9: people are getting hand outs from government who would no
16:37
Speaker 9: one thought in the general community should qualify. And so
16:39
Speaker 9: the NDIS needs absolute reform and it doesn't need green
16:42
Speaker 9: centators standing up and wasting even more taxpayers dollars.
16:45
Speaker 10: Yeah here, and your former boss Bill shortened fantastic work
16:48
Speaker 10: in raining in some of those.
16:50
Speaker 1: Not making it sure set up the ndis in the
16:52
Speaker 1: first place. So maybe the scheme wasn't well designed to begin.
16:56
Speaker 5: With good reason.
16:56
Speaker 1: Shore sure, absolutely for good reason, but it wasn't well
16:59
Speaker 1: desiged to begin with. If it is now, if we
17:02
Speaker 1: can't afford it, I.
17:03
Speaker 5: Think the problem.
17:04
Speaker 10: The problem was you have all these people coming who say,
17:07
Speaker 10: you know, I've got a disability, you need to give
17:09
Speaker 10: me this, and if you don't, you hate people with disabilities.
17:11
Speaker 10: And there is no politician who wants to exactly wants
17:14
Speaker 10: to be the person who's punching down on people with disabilities.
17:17
Speaker 10: But the truth is that ballooned in cost under the
17:19
Speaker 10: coalition government and it was shortened. Who when he got
17:22
Speaker 10: back in as the Minister for the first and only
17:26
Speaker 10: term of the serve tackled. He had people telling him
17:30
Speaker 10: that ADHD should be put on the shore.
17:32
Speaker 1: But Joe, it is currently unsustainable. Absolutely has looked at it, and.
17:37
Speaker 5: That's why they've got a reign it in. That's why
17:38
Speaker 5: you've got to You can't add anything more.
17:40
Speaker 10: And already the definitions, especially on some of the milder
17:43
Speaker 10: forms of autism and that sort of stuff. He has
17:46
Speaker 10: to be brought back under control. Otherwise no one is
17:49
Speaker 10: going to.
17:49
Speaker 1: Get anything, and only labor will be in a position
17:52
Speaker 1: to do this. I just want to turn to the
17:55
Speaker 1: business dinner, the BCA dinner that is on as we
17:58
Speaker 1: speak now. The Prime Minister will be sitting through quite
18:01
Speaker 1: an awkward meal at this annual Business Council of Australia
18:05
Speaker 1: dinner because he's being served a scolding by the Chief Executive,
18:08
Speaker 1: Brand Black.
18:09
Speaker 3: Here's what Brand will be.
18:11
Speaker 1: Telling him where we believe policies are taking our nation
18:14
Speaker 1: in the wrong direction. The BCA will say, so Australia
18:18
Speaker 1: cannot tax, regulate or redistribute its higher living standards. We
18:23
Speaker 1: have to grow and we have to become more productive.
18:27
Speaker 1: Cameron are scathing remark there. The PM will have to
18:30
Speaker 1: sit there and take it.
18:32
Speaker 5: Oh from Brand Black.
18:33
Speaker 9: For goodness sake, what a wet Let us leave, I
18:35
Speaker 9: mean goodness speak. The weakest bload to stand up for
18:37
Speaker 9: business in Australia's history. He is completely behold to this government.
18:41
Speaker 9: He will take a little invite to tear it up
18:43
Speaker 9: to the lodge before a standing up for businesses Australia.
18:45
Speaker 9: So no, the Business Council Australia is a disgrace and
18:48
Speaker 9: barding up and having a black tie dinner in Canberra
18:50
Speaker 9: is not how to get back to actually standing up
18:52
Speaker 9: for for real for reform and actual productivity in this nation.
18:55
Speaker 9: So no elbows with his voters tonight, Joe Business councilor.
19:00
Speaker 1: I think it's actually in Sydney or the Business Executive.
19:03
Speaker 5: So the earth white color labor it is.
19:05
Speaker 1: I mean you've both read the speech. It isn't going
19:08
Speaker 1: to be comfortable for him.
19:10
Speaker 10: Yeah, no, But I think the story here is actually
19:13
Speaker 10: that I read that at least in the parts that
19:16
Speaker 10: have been dropped already, that there's not going to be
19:19
Speaker 10: any mention of the capital gains tax or negative gearing
19:22
Speaker 10: reforms in the speech and what the PM says, so
19:26
Speaker 10: you know, if you can't, if you're not talking about that.
19:29
Speaker 3: Then in the PM's speech. Yeah, Albanez is not mentioned
19:32
Speaker 3: in the PM speech.
19:33
Speaker 10: So again this is meant to be, according to Charmer's
19:36
Speaker 10: Zone testimony on Budget Night, the biggest, most courageous reforming
19:40
Speaker 10: budget in thirty years. And now suddenly they're scared to
19:43
Speaker 10: actually talk about what it does because it's so toxic,
19:46
Speaker 10: it's so radioactive.
19:48
Speaker 5: They can't even mention the war.
19:50
Speaker 10: And again that tells me more about what is going
19:54
Speaker 10: on in the fallout from this where you've got things
19:56
Speaker 10: where and again, if you just look at the budget
19:58
Speaker 10: papers I did in the lock up, you could see it.
20:00
Speaker 10: But where you've got something that is meant to be
20:02
Speaker 10: your centerpiece but it's actually turning out to be your
20:06
Speaker 10: Victoria's big build Suddenly it's so toxic that you can't
20:10
Speaker 10: even mention it.
20:11
Speaker 5: So if it's not that, then what else?
20:13
Speaker 10: I know there's going to be talk about some of
20:14
Speaker 10: the other stuff like well, they can't really talk about productivity,
20:17
Speaker 10: can they're going to talk about AI No one can
20:20
Speaker 10: really see all right, get their heads around anyway. So
20:22
Speaker 10: I think that is the big problem. If your big,
20:24
Speaker 10: bold tax reform which is so great you can't even
20:27
Speaker 10: mention it, then there's a problem.
20:29
Speaker 3: Yeah, we know they've got a problem of that, Okay.
20:31
Speaker 3: Carara Mian and jo hud Ran, great to see.
20:33
Speaker 5: You, Thanks both, Thank you well.
20:36
Speaker 1: Pretty shocking news today that the Royal Commission is cutting
20:38
Speaker 1: short its hearings by two days. James Dowling reports in
20:42
Speaker 1: the odds that public hearings will finish tomorrow. Opposition leader
20:46
Speaker 1: Angus Taylor has also blasted the government for this premature
20:50
Speaker 1: ending of the Commission.
20:52
Speaker 13: This is a betrayal of the Jewish community. It is
20:55
Speaker 13: absolutely the wrong thing to do. This is a government
20:58
Speaker 13: that has never wanted this rule commission. They did it
21:01
Speaker 13: under durest and there are clear witnesses that need to
21:04
Speaker 13: be called that haven't been.
21:05
Speaker 1: There, and he's right, of course, Albanezi try to withstand
21:09
Speaker 1: the pressure.
21:10
Speaker 3: He eventually relented after a month.
21:13
Speaker 1: Well Commission Virginia Bell is facing widespread calls to extend
21:17
Speaker 1: the time frame of the commission in order to hear
21:20
Speaker 1: more evidence and to cross examine those at the head
21:23
Speaker 1: of institutions where anti Semitism has flourished.
21:27
Speaker 14: This isn't about me, but I think there are a
21:29
Speaker 14: lot of people who have expertise to offer the The
21:31
Speaker 14: Royal Commission, not because of lack of will on their part,
21:34
Speaker 14: but lack of time has not been able to hear
21:36
Speaker 14: from and his Royal Commission is not going to get
21:38
Speaker 14: the job done on the rushed timeline the Albanezic Golpment
21:41
Speaker 14: has given it.
21:42
Speaker 15: Now if we need to go a couple of weeks longer,
21:45
Speaker 15: given that most of the expense was spent setting it up,
21:51
Speaker 15: that was said to be money well spent because both
21:53
Speaker 15: the federal and and the state government are relying on
21:56
Speaker 15: these recommendations to shape some of that policy.
22:00
Speaker 1: Premier Chris Minn supporting calls for it to be extended,
22:03
Speaker 1: but instead of extending the time frame, the Commission will
22:06
Speaker 1: end public hearings even earlier. The decision flies in the
22:10
Speaker 1: face of those seeking answers over the rise in anti Semitism,
22:14
Speaker 1: which has ruined the lives of so many and left
22:17
Speaker 1: at fifteen Debt at Bondai and many more wounded. It
22:21
Speaker 1: also risks undermining the credibility of the Royal Commission's findings.
22:24
Speaker 1: It's a form of self sabotage and many are starting
22:27
Speaker 1: to wonder whether they have full confidence in the Commission.
22:31
Speaker 1: Former Judge Ronald Sackville spoke to me last week about
22:35
Speaker 1: he extended his Royal Commission.
22:37
Speaker 14: Pretty simply, it's always possible for a Royal Commissioner to
22:42
Speaker 14: seek an extension of time. The Disability Royal Commission, which
22:45
Speaker 14: I'd shaired, was originally set up for three years, and
22:48
Speaker 14: we requested an extension for a variety of compelling reasons,
22:52
Speaker 14: and eventually we had four and a half years.
22:56
Speaker 1: And Marnie Perlstine's petition to extend. The Royal Commission has
22:59
Speaker 1: reached for seven thousand signatures tonight and if you want
23:03
Speaker 1: to add yourles had to change dot org. But Johnny
23:06
Speaker 1: Man now to discuss Shadow Education Minister Julian Lisa.
23:09
Speaker 3: Good to see you, Julian.
23:11
Speaker 1: What's your reaction to the news that the hearings will
23:14
Speaker 1: wrap up early tomorrow, Cherry.
23:17
Speaker 16: I'm disappointed that the hearings are wrapping up tomorrow. I
23:20
Speaker 16: think the Royal Commission has so much more work to do.
23:23
Speaker 16: But the Royal Commission has been hampered from day one
23:26
Speaker 16: by the Prime Minister's decision to make it an eleven
23:29
Speaker 16: month Royal Commission. For the Prime Minister's decision to write
23:32
Speaker 16: the terms of reference that he has for the Royal Commission.
23:35
Speaker 16: I think the ball is firmly within the Prime Minister's
23:38
Speaker 16: court now to ensure that the Royal Commission can do
23:42
Speaker 16: its job by granting an extension of time. You've got
23:45
Speaker 16: bipartisan support from this from Chris Mins, from senior Coalition figures,
23:49
Speaker 16: from retired judges like Ron Sackville. I suspect there will
23:53
Speaker 16: be more and more Australians coming out over the coming
23:56
Speaker 16: days and weeks calling on the Royal Commission to be
23:59
Speaker 16: extended because because it's really important that the Commission holds
24:02
Speaker 16: people to account, particularly those people who've been engaging in
24:06
Speaker 16: anti Semitic conduct, and those people have been in leadership
24:09
Speaker 16: positions and have failed in their leadership. If the Royal
24:12
Speaker 16: Commission doesn't do that, it's not doing one of the
24:14
Speaker 16: key things it's been it should be doing, and that
24:17
Speaker 16: is holding people to account. But it's hard for it
24:19
Speaker 16: to do it when this government has given it such
24:21
Speaker 16: a short time frame.
24:23
Speaker 1: Yeah, it's pretty extraordinary that it hasn't called leadership figures
24:27
Speaker 1: or political figures to give evidence when they've really been
24:31
Speaker 1: the ones in charge of overseeing the rise in anti semitism.
24:35
Speaker 3: Who else do you think should be called?
24:38
Speaker 16: Well, I think there should be university leaders. I think
24:41
Speaker 16: leaders in the arts community, people who've been hitting organizations
24:45
Speaker 16: like Creative Australia. The President and Race Discrimination Commissioner of
24:49
Speaker 16: the Human Rights Commission should be recalled and asked about
24:53
Speaker 16: their role in failing to deal with the growing level
24:57
Speaker 16: of due hate we've had in this country. We should
24:59
Speaker 16: have people who organizing the protests across the country. We
25:02
Speaker 16: should have figures in the arts community who themselves were
25:05
Speaker 16: engaging in the doxing of Jewish artists and creatives. And
25:08
Speaker 16: ultimately we need to see government ministers who have presided
25:13
Speaker 16: over grants to organizations that have engaged in anti Semitic activity,
25:18
Speaker 16: whose foreign policy decisions have increased the level of anti
25:22
Speaker 16: Semitism in this country, who's failing to deal with educational institutions,
25:26
Speaker 16: who's failed to use the law enforcement powers at their disposal,
25:30
Speaker 16: has led to, ultimately the fifteen people murdered at Bondai.
25:35
Speaker 1: One of the revelations at this week's Royal Commission is
25:38
Speaker 1: that the Home Affairs Department awarded a social cohesion grant
25:42
Speaker 1: to a Muslim media group which has a disturbing anti
25:46
Speaker 1: Israel history, including platforming this Manisphere influencer called Sneako, and
25:52
Speaker 1: you might remember he was deported earlier this year after
25:55
Speaker 1: our reporting exposing him. He then had his visa counseled
25:59
Speaker 1: and Tony Burk kicked out of the country. But does
26:01
Speaker 1: this suggest that, I mean, how on earth was this
26:05
Speaker 1: grant awarded in the first place, Because some of this media,
26:09
Speaker 1: this Muslim media organization's reports are really concerning, really extreme,
26:14
Speaker 1: I mean even suggesting the anti Semitic attacks across Australia
26:18
Speaker 1: were faked or staged.
26:20
Speaker 16: Well, this is extremely disturbing shari that somebody would be
26:23
Speaker 16: given over three hundred thousand dollars to an organization that
26:26
Speaker 16: says that the Jewish community faked a tax in this
26:29
Speaker 16: country that had a noted anti Semmit like Sneako being
26:34
Speaker 16: profiled on it. It's the reason why Tony Burke, the
26:38
Speaker 16: Minister for Home Affairs himself, needs to front the Royal
26:40
Speaker 16: Commission to explain how things have got so out of
26:43
Speaker 16: hand in his department that organizations which are damaging the
26:47
Speaker 16: social cohesion of this country are getting taxpayer funding.
26:52
Speaker 1: I've been reporting about this judgment in relation to one
26:57
Speaker 1: of the vandals who spray painted anti Israel graffiti. His
27:01
Speaker 1: name is Mohammed Farat. He terrorized a predominantly Jewish community
27:06
Speaker 1: in Sydney's Eastern suburbs with graffiti. The news other Supreme
27:10
Speaker 1: Court Judge Desmond Fagan ruled that this was an anti
27:14
Speaker 1: Semitic But there's now been a win of sts in
27:18
Speaker 1: that the State Parole Board has denied his release his
27:22
Speaker 1: early release. This is some good news.
27:26
Speaker 16: I think it is good news and it is further
27:28
Speaker 16: evidence about why the New South Wales Attorney General needs
27:32
Speaker 16: to appeal the decision of Justice Fagan in the Supreme Court,
27:35
Speaker 16: which is widely regarded as plainly wrong. And I think
27:39
Speaker 16: that the decision of the pro board here, which has
27:43
Speaker 16: found that the relevant prisoner has continued to engage in
27:47
Speaker 16: anti Semitic ideology, is more evidence of the fact that
27:51
Speaker 16: that decision made by Justice Fagan is wrong.
27:54
Speaker 3: Yeah, we've been criticizing it for a week now.
27:56
Speaker 1: Look, just finally the local MP for Wentworth, one of
28:00
Speaker 1: their so called teal MP's a Lagraspander, has posed for
28:03
Speaker 1: a photograph with israel critic Bob Kahr at the Festival
28:07
Speaker 1: of Dangerous Ideas.
28:08
Speaker 3: We have a look at the photo.
28:09
Speaker 1: You might see on your screen that Malcolm Turnbull his
28:12
Speaker 1: wife Lucy were there too.
28:14
Speaker 3: Julian, do you think I mean?
28:15
Speaker 1: Given Allegra represents one of the largest Jewish communities in Australia,
28:19
Speaker 1: do you think bobkar is odd company for her to keep?
28:23
Speaker 16: Well, this is a matter for Allegra spender to explain.
28:26
Speaker 16: Bob Carr has been somebody who pretended for many years
28:30
Speaker 16: to be a friend of the Jewish community and has
28:32
Speaker 16: bitterly disappointed so many in the Jewish community and so
28:35
Speaker 16: many across Wentworth with his late career conversion as an
28:39
Speaker 16: anti Israel activist and with his problematic commentary. He is
28:43
Speaker 16: the main author of the Albanezi Wog foreign policy. He
28:47
Speaker 16: is a person that has caused a real heartache for
28:51
Speaker 16: many people in the Jewish community and across Wentworth. And
28:54
Speaker 16: I think Allegra has to be careful of the company
28:56
Speaker 16: she keeps.
28:57
Speaker 3: All right, Julian Lisa, thank you so much. Well coming up?
29:01
Speaker 1: Is this a conspiracy theory? Or is the government purposely
29:05
Speaker 1: driving down house prices? Tom Panas will share his view
29:09
Speaker 1: and left wing ideology infecting textbooks at a top private school.
29:13
Speaker 1: Daily Telegraph editor Ben English joins me next, welcome back. Well,
29:21
Speaker 1: another day, another drama englfing the AFL. This time Richmond
29:26
Speaker 1: Tiger's players were caught on camera appearing to whip each
29:29
Speaker 1: other during Mad Monday celebrations, a.
29:32
Speaker 17: Week after five Swans players plunged the league into crisis.
29:37
Speaker 17: Seven News has obtained vision of the Richmond Football Club's
29:41
Speaker 17: Mad Monday celebrations in Garfield, a small country town southeast
29:46
Speaker 17: of Melbourne. In the footage, you can see players whipping
29:50
Speaker 17: each other shirtless while consuming alcohol. One player pulls down
29:55
Speaker 17: his pants and asks another.
29:57
Speaker 5: To whip him.
29:59
Speaker 1: There was early speculation that the players were mocking the
30:02
Speaker 1: alleged Sydney Swan saga, but Richmond denied this.
30:05
Speaker 3: They said in a statement.
30:06
Speaker 1: The club has spoken to the players who've expressed their
30:08
Speaker 1: embarrassment over their behavior. The players are adamant they were
30:12
Speaker 1: in no way referencing or making light of recent matters
30:16
Speaker 1: and for more on this now. Daily Telegraph editor Ben
30:18
Speaker 1: English joins me from Damo.
30:20
Speaker 3: Good to see you, Ben.
30:21
Speaker 1: Look, this has raised more questions, I suppose, around the
30:25
Speaker 1: broader culture at AFL clubs.
30:29
Speaker 18: Yeah, absolutely, Shari, and I think it also exposes the
30:34
Speaker 18: double standards that apply right across the code. The AFL
30:38
Speaker 18: has been extremely sanctimonious for many years about all the
30:43
Speaker 18: basically backing in a lot of the activists causes, and
30:48
Speaker 18: has paraded its virtue quite prominently, and in fact probably
30:53
Speaker 18: has been rightly accused of being quite smug about its
30:59
Speaker 18: positions on woke trendy causes. And at the same time
31:04
Speaker 18: it's been running a protection racket, hiding some of the
31:08
Speaker 18: indiscretions and worse of its players, particularly among relating to
31:12
Speaker 18: drug use and bad behavior, and so it's getting its
31:15
Speaker 18: come up, and it's right.
31:16
Speaker 1: Here, well it is indeed, although of course we're yet
31:20
Speaker 1: to see.
31:21
Speaker 14: Look.
31:22
Speaker 1: I find it unbelievable that the City Swan's players were
31:24
Speaker 1: in this. It's about a week now. They still more
31:27
Speaker 1: than a week. Actually they still haven't been formally interviewed
31:30
Speaker 1: by police as far as publicly known, and certainly no
31:34
Speaker 1: charge is laid yet, so innocent until proven guilty.
31:37
Speaker 3: Of course.
31:38
Speaker 1: Ben a fascinating story on TWOGB with Ben Fordham this morning.
31:43
Speaker 1: The opposition leader Kelly Sloane has raised this high school
31:47
Speaker 1: textbook where its content is basically accusing TWOGB and Murdock
31:53
Speaker 1: owned media as promoting far right political causes. Here's what
31:57
Speaker 1: Kelly Sloane told Ben Fordham.
32:00
Speaker 11: Parents are telling me increasingly that they are getting sick
32:03
Speaker 11: and tired of ideology, social commentary, media commentary in the
32:08
Speaker 11: classroom and they've had a gut full.
32:12
Speaker 3: And Ben she now once this year eleven textbook reviewed.
32:15
Speaker 3: But I mean.
32:16
Speaker 1: Ideology like this should not be in the classroom.
32:21
Speaker 18: Absolutely, and probably the more troubling, I mean you might
32:25
Speaker 18: expect it in a public school where the teachers Federation
32:30
Speaker 18: has big sway and it's very left leaning in terms
32:34
Speaker 18: of the teacher, the teacher cohort. But this is a
32:37
Speaker 18: private school, a conservative private school traditionally anyway, and you're
32:42
Speaker 18: increasingly seeing this.
32:44
Speaker 5: In private schools.
32:45
Speaker 18: You've seeing this woke ideology infecting the curriculum. And if
32:48
Speaker 18: I was a parent paying enormous fees for Barker, I'd
32:53
Speaker 18: be rightly up in arms.
32:55
Speaker 3: Yeah, exactly.
32:56
Speaker 1: Has there been any reaction from the government today or
32:59
Speaker 1: they just wouldn't get involved because it is a private school.
33:04
Speaker 5: That's exactly right.
33:04
Speaker 18: So Prukarr has said, look, you know this has nothing
33:07
Speaker 18: to do with us if it's an independent school, and
33:10
Speaker 18: she's right to that extent. They do have autonomy in
33:13
Speaker 18: terms of the text that they choose. But Barca College
33:16
Speaker 18: has a lot of questions to answer, and I imagine
33:19
Speaker 18: the independent schools as a whole should be conducting some
33:23
Speaker 18: sort of a review because this is an outrage. I mean,
33:25
Speaker 18: it's so deeply ideological.
33:28
Speaker 1: Great story in your paper today, Ben This is on
33:31
Speaker 1: the New Southwest Parliamentary Inquiry which is demanding that the
33:35
Speaker 1: tobacco excise be slashed, and the board's chair, Robert Borzak
33:39
Speaker 1: found that increased Commonwealth ex science on tobacco has played
33:42
Speaker 1: a decisive role in the dramatic expansion of an illicit
33:46
Speaker 1: market in tobacco in Australia, and they even found that
33:49
Speaker 1: it was helping fuel other organized crime activities, including arson,
33:54
Speaker 1: murder and other criminal syndicate related violence. I mean, this
33:58
Speaker 1: is extraordinary. We know they've been hundreds of fire bombings.
34:05
Speaker 18: Yeah, absolutely, Look, we know that this is not a
34:09
Speaker 18: policing problem. This isn't something that the criminals just ingeniously.
34:15
Speaker 5: Came up with.
34:15
Speaker 18: It was handed to them on a platter. The bounty
34:18
Speaker 18: was placed there for them to pick up by this
34:21
Speaker 18: ridiculously moronic public policy of continuing to jack up the
34:29
Speaker 18: exercise to a point where ordinary people couldn't afford cigarettes,
34:33
Speaker 18: and they're given a price signal, go and find cheaper
34:36
Speaker 18: cigarettes elsewhere. And so in the middle of a cost
34:39
Speaker 18: of living crisis, you've got an I legal pack of
34:42
Speaker 18: cigarettes costing between fifty five dollars and seventy five dollars.
34:46
Speaker 5: What do they expect?
34:48
Speaker 18: This is a government engineered disaster. And I look, I
34:53
Speaker 18: think that slightly captured by the health lobby, but the
34:56
Speaker 18: whole thing is just they're in denial, and I think Borzak,
35:00
Speaker 18: that's right. I mean something that we've been talking about
35:02
Speaker 18: the Telegraph for years, that they should be slashing the excise.
35:04
Speaker 3: Yeah, exactly.
35:05
Speaker 1: And it's not because to make cigarettes cheaper for people.
35:08
Speaker 1: It's because there's this massive problem with criminal violence.
35:13
Speaker 4: Yeah.
35:14
Speaker 18: I mean, tobacco use is up seventeen percent since twenty seventeen,
35:18
Speaker 18: so it's failed on all fronts. And as you say,
35:21
Speaker 18: this has created the perfect business model for organized crime
35:25
Speaker 18: to prosper, which is leading to people dying.
35:28
Speaker 3: Yeah. Yeah, just very quickly.
35:30
Speaker 1: Mark Levy had this veteran Chris call in today about
35:35
Speaker 1: the government's cut to veteran care. This is an issue
35:37
Speaker 1: we've been covering on the show. Their healthcare and other
35:41
Speaker 1: services have listened to this.
35:43
Speaker 5: To me, it feels like the government thinks that a
35:47
Speaker 5: dead veteran is a cheap veteran and that's how they
35:49
Speaker 5: want to keep it. They can say the buck by
35:50
Speaker 5: letting veterans die.
35:52
Speaker 1: I mean, it's an extreme comment, Bend, but this is
35:55
Speaker 1: how angry vets feel.
36:00
Speaker 18: Why would a veteran think otherwise given the actions of
36:03
Speaker 18: the disgraced Minister mat Keo.
36:06
Speaker 5: I mean time and time again.
36:08
Speaker 18: He's demonstrated his abject contempt for veterans, that he's indifference
36:13
Speaker 18: to them. I mean, first of all, it was with
36:15
Speaker 18: the parents of our fallen hero, Cameron Beir, the VC
36:19
Speaker 18: winner and refusing to give them I think it was
36:22
Speaker 18: something like five or six thousand dollars.
36:24
Speaker 5: I mean, how petty could you get.
36:26
Speaker 1: And you sided that out to your coverage, Ben, Yeah,
36:30
Speaker 1: you sided that out.
36:31
Speaker 18: Well, there's a few of us, but yeah, thank god.
36:33
Speaker 5: Yeah, I mean that's one small win.
36:35
Speaker 18: But he's a disgrace and the only way that we
36:38
Speaker 18: can actually reassure veterans is to get rid of this minister.
36:43
Speaker 3: Just finally.
36:43
Speaker 1: I mean, you've got political industry leaders. Look, some are
36:47
Speaker 1: at the Business Council dinner tonight, but you've got a
36:49
Speaker 1: lot coming to Dubbo in New South Wales for your
36:52
Speaker 1: annual Telegraph Bush Summit. You're there right now. Can you
36:56
Speaker 1: tell us what we can expect from this tomorrow?
37:00
Speaker 18: Yeah, So it kicks off tomorrow and tomorrow's really a
37:04
Speaker 18: lot of the stakeholders in the Bush. So there's discussions
37:08
Speaker 18: about all that sort of granular stuff like agriculture, pest control,
37:14
Speaker 18: you know, mining and all the stuff that basically needs
37:18
Speaker 18: to have the time to sort.
37:19
Speaker 5: Of flesh it out.
37:20
Speaker 18: Then on Thursday, the big con shows come to town.
37:23
Speaker 18: So we'll be having the Prime Minister, the Opposition leader,
37:27
Speaker 18: Pauline Hanson, Matt Canavan and a whole host of other
37:32
Speaker 18: luminaries from across industry and stakeholders in the bush. So
37:36
Speaker 18: I think it's going to be the biggest and the
37:38
Speaker 18: most sort of pivotal bush somewha we've had. It's seven
37:42
Speaker 18: years since we started here in Dubbo and so I
37:45
Speaker 18: think it's now become a permanent fixer on the calendar
37:49
Speaker 18: in terms of thought leadership, what is the future for
37:52
Speaker 18: rule and regional Australia And the.
37:54
Speaker 1: First time you've got Pauline Hanson taking past taking part.
37:57
Speaker 1: We're good on you for organizing it and putting Regional
38:01
Speaker 1: Australia firmly on the agenda.
38:02
Speaker 3: Ben, thank you so much.
38:05
Speaker 5: Thanks Erry all.
38:07
Speaker 1: Right, still to come minutes from an IBA meeting reveal
38:11
Speaker 1: more rate rises could be on the way and could
38:14
Speaker 1: this theory be more than a conspiracy? Why the government
38:18
Speaker 1: wants house prices to fall? Tom Panos will be here
38:21
Speaker 1: in the studio.
38:26
Speaker 3: Welcome back.
38:27
Speaker 1: Well, the Prime Minister says he's happy with the devastating
38:30
Speaker 1: effect that tax changes are having on the property market.
38:34
Speaker 18: Right now, first home buyers are facing less competition from
38:38
Speaker 18: investors and importantly, more investors are taking out loans to
38:42
Speaker 18: build new homes.
38:45
Speaker 1: And joining me now is real estate expert and auctioneer
38:47
Speaker 1: Tom Panos. Tom, now, you've got a fascinating theory about this,
38:53
Speaker 1: and you say it could be a conspiracy. It could
38:55
Speaker 1: be real took us through it.
38:57
Speaker 19: Look, there's no evidence in it, but just hearing all
39:01
Speaker 19: the chatter and talking to a few people, it sort
39:03
Speaker 19: of makes sense. And I'd be very surprised if Treasure
39:06
Speaker 19: wouldn't have been aware that it would be good for
39:09
Speaker 19: property prices to be down on the first of July
39:12
Speaker 19: twenty twenty seven, because that's the baseline that they're going
39:16
Speaker 19: to use to work out how much capital gains tax
39:19
Speaker 19: people pay. And you can't help a charity. You look
39:22
Speaker 19: at everything that's going on.
39:24
Speaker 1: Let's just explain that to people. So on the first
39:26
Speaker 1: of July twenty twenty seven, there has to be a
39:28
Speaker 1: valuation of everyone's property investment to find out that, you know,
39:35
Speaker 1: how much it increases after that to work out the capital.
39:37
Speaker 3: Gains tax paid.
39:39
Speaker 1: So initially when this came in, we kind of thought, oh, well,
39:42
Speaker 1: it's only the value increased from that point onwards. But
39:46
Speaker 1: the issue is everyone's valuations have now fallen dramatically.
39:51
Speaker 19: Yeah, so if you look at the first of July
39:55
Speaker 19: twenty seven, you don't have to get the valuation done
39:58
Speaker 19: on that day. You can get it done to which
40:00
Speaker 19: you can actually get it done when you sell the property,
40:02
Speaker 19: but it will be postated to what was the value
40:05
Speaker 19: on the first of July. And at the rate that
40:08
Speaker 19: we're going Shari, property prices have been dropping significantly and
40:12
Speaker 19: we've still got some time to go if you look
40:15
Speaker 19: at first of July twenty twenty seven, which means that
40:19
Speaker 19: when prices do go up in the future, they'll be saying, well,
40:23
Speaker 19: what was the value on that day when they're working
40:27
Speaker 19: out the new formula.
40:28
Speaker 3: So tax revenue will be much higher, correct.
40:31
Speaker 19: And that significance amounts of money in the years to come.
40:34
Speaker 19: I'm sure Treasury would have been mindful thinking this is
40:37
Speaker 19: what's going to be possible to actually collect in capital
40:42
Speaker 19: gains tax in the future. So that's how it came about. Again,
40:46
Speaker 19: there's no clear evidence to say, hey, this is what
40:49
Speaker 19: they were doing. But I'd be very surprised if Treasury
40:53
Speaker 19: wasn't mindful of what was happening.
40:56
Speaker 1: You're saying, there's no clear evidence that they decided to deliberately.
41:00
Speaker 3: You don't have a.
41:01
Speaker 1: Housing market crunch to get more tax revenue when it
41:06
Speaker 1: eventually recovers down the track.
41:08
Speaker 3: But so you're saying this could be a conspiracy. It
41:10
Speaker 3: could be real, But the Treasury would have had to
41:12
Speaker 3: have done the modeling well.
41:13
Speaker 19: And I think they'll be happy. They'd be happy because
41:16
Speaker 19: at the moment we know that any opportunity that the
41:19
Speaker 19: governments had to get money, they would be happy because
41:22
Speaker 19: getting more money because of the values being lower means
41:25
Speaker 19: more money in capital gains tax, so they collect. They
41:28
Speaker 19: would be happy. They won't admit it, but they would
41:30
Speaker 19: be happy.
41:30
Speaker 1: So therefore, do you think people should sell their investment
41:33
Speaker 1: properties as soon as possible.
41:35
Speaker 19: Look, I'm not going to give financial advice to people, right.
41:39
Speaker 19: I always think people should make a decision based on
41:41
Speaker 19: their life, not based on the market with things.
41:44
Speaker 3: Okay, let's have a look at a couple of other things. Now.
41:46
Speaker 1: Property developer donno Rock believes that negative gearing reforms will
41:50
Speaker 1: cause rents to spike higher than.
41:53
Speaker 3: What they were in the nineteen eighties. What do you
41:55
Speaker 3: think about this?
41:56
Speaker 19: Yeah, well, what is referring to is a period where
42:00
Speaker 19: vnts went up like thirty percent, particularly in Sydney and Perth.
42:03
Speaker 19: And then what happened is they revert this decision in
42:06
Speaker 19: nineteen eighty seven. They said this experiment is not working
42:10
Speaker 19: and there's everything to suggest that we're going to have
42:13
Speaker 19: rents that are going to go absolutely crazy. So, Shari,
42:17
Speaker 19: we've seen that building companies have been going belly up
42:21
Speaker 19: all these new homes that we're expecting. We're way behind target.
42:25
Speaker 19: To me, it's very very clear we're going to have
42:27
Speaker 19: rents that are going to skyrocket.
42:29
Speaker 8: Yeah.
42:30
Speaker 1: And added to that, NAB saying that we're not at
42:33
Speaker 1: the end of house price is falling yet. In fact
42:36
Speaker 1: they're saying it there's months more of it to come.
42:38
Speaker 5: Yeah.
42:38
Speaker 19: So NAB have said that they believe that we're one
42:41
Speaker 19: third through the way. I've got a view, Shari, that
42:45
Speaker 19: you can't make a general decision on all property markets.
42:48
Speaker 19: We have multiple different property markets. Some markets have been dropping.
42:51
Speaker 19: Sydney and Melbourne have been dropping long before. Perth, Brisbane
42:55
Speaker 19: and Adelaide have and I think they'll come out of
42:56
Speaker 19: the recovery faster. So we'd be wrong to say that
43:00
Speaker 19: markets are going to go this but it's not looking good.
43:04
Speaker 1: Just finally, this one developer in western Sydney has called
43:09
Speaker 1: the Bacheler Group I think, has entered administration to solve
43:12
Speaker 1: its debt three point six billion dollar debt crisis. Now
43:16
Speaker 1: this matters because of the number of homes they were building.
43:19
Speaker 19: It's fifteen thousand, fifteen thousand properties. And they've gone off
43:22
Speaker 19: to say, Shari that it's a combination of cost of living.
43:26
Speaker 19: They've actually made reference to the budget changes that's been
43:29
Speaker 19: a big contributing factor. And it is concerning because we
43:32
Speaker 19: need more homes and they have just been put in
43:34
Speaker 19: a situation where we might not have those homes.
43:37
Speaker 3: Yeah, it's worrying, Tom. Thank you so much. Thank you,
43:40
Speaker 3: shan Alisis appreciate it.
43:41
Speaker 19: Thank you, Shary.
43:43
Speaker 3: All right.
43:43
Speaker 1: Coming up in the show after the break, the minutes
43:45
Speaker 1: from an RBA board meeting showing just how dire the
43:49
Speaker 1: economy is.
43:50
Speaker 3: That's next. Thanks for tuning in.
43:56
Speaker 1: Well, there are growing fears the IRBA could raise rates
43:59
Speaker 1: again in order to tame inflation. According to minutes from
44:03
Speaker 1: the board meeting earlier this month. These are minutes from
44:07
Speaker 1: the meetings on August ten and eleven, and they note
44:09
Speaker 1: that several members judged that it was quite possible that
44:12
Speaker 1: the upside risks to the inflation forecast would crystallize, requiring
44:17
Speaker 1: some further tightening. Enjoining me now Eco Economics director Warren
44:22
Speaker 1: Hogan Warren Look. There was also concern that inflation will
44:26
Speaker 1: only return to target ranged by late twenty twenty seven.
44:30
Speaker 3: But the meeting minutes note that.
44:32
Speaker 1: Even the Governor, Michelle Bullock, is worried that inflation could
44:36
Speaker 1: overshot these forecasts.
44:39
Speaker 12: Yeah, Hi, sharing though there's clearly a faction of the board,
44:44
Speaker 12: that being the RBA staff and maybe a couple of
44:46
Speaker 12: the other members who are very concerned and rightfully so,
44:51
Speaker 12: that the economy has just been taking on this inflation
44:55
Speaker 12: for far too long. I think their patients is wearing thin,
44:58
Speaker 12: and the forecast that they presented at this board meeting,
45:01
Speaker 12: of which we just received the minutes essentially have the
45:04
Speaker 12: economy slowing down rapidly from here on in, almost hitting
45:08
Speaker 12: a wall, you'd say. And I think the minutes basically
45:11
Speaker 12: are telling us that if this doesn't start to happen,
45:14
Speaker 12: then we're going to have to raise interest rates again
45:16
Speaker 12: because we're in year number five of above target inflation.
45:21
Speaker 12: This cost of living crisis has been dragging on for
45:24
Speaker 12: way too long, and it's now having effects right across
45:28
Speaker 12: the economy and into the political domain, and of course
45:31
Speaker 12: it leads as fulnerable to some sort of economic crisis.
45:34
Speaker 12: So I'm glad to see that they're taking this on
45:38
Speaker 12: and I think there could be a rate hike at
45:39
Speaker 12: the end of this September in four weeks time.
45:42
Speaker 1: It's extraordinary just how expensive everything is becoming, and you
45:46
Speaker 1: just wonder how families are surviving.
45:49
Speaker 6: Warren.
45:49
Speaker 1: There are reports that the ACTU is withholding crucial data
45:53
Speaker 1: from the IBA which it uses to help determine rate rises.
45:57
Speaker 3: What is going on here and why do these unions
46:00
Speaker 3: have so much power?
46:02
Speaker 12: Well, I mean in terms of the current issue. The
46:06
Speaker 12: RBA likes to understand what people think inflation will be
46:10
Speaker 12: in the future, inflation expectations, because it is an important
46:14
Speaker 12: element in how inflation actually occurs, particularly when it comes
46:17
Speaker 12: to wage claims, because wages are the biggest cost in
46:20
Speaker 12: the economy. If wages start going up a lot, that'll
46:23
Speaker 12: be inflation area. So the unions obviously have an important
46:26
Speaker 12: position in the wage setting process. And since nineteen ninety
46:30
Speaker 12: six the ACTU has been surveying all sorts of union
46:34
Speaker 12: officials about their inflation expectations and providing that resulse results
46:39
Speaker 12: to the RBA. About three years ago they stopped. They
46:41
Speaker 12: asked the RBA to stop publishing the numbers publicly, and
46:45
Speaker 12: I believe that's probably because the ACTU and the unions
46:50
Speaker 12: want to have high inflation expectations to support high wage
46:53
Speaker 12: claims when it comes to industrial negotiations and so forth.
46:56
Speaker 12: But at the same time they don't want to give
46:58
Speaker 12: the RBA reason to raise rates because the unions are
47:01
Speaker 12: outspoken critics. But now the RBA mentioned that the union
47:06
Speaker 12: officials had high inflation expectations in June and the board
47:09
Speaker 12: then and the act has now said they're going to
47:12
Speaker 12: stop the survey altogether.
47:14
Speaker 5: So this is the.
47:15
Speaker 12: Act you really throwing the raidl out of the PRAM
47:18
Speaker 12: and denying the RBA important information about how the economy
47:22
Speaker 12: is traveling.
47:23
Speaker 1: We saw this week that Albanezi said he was going
47:26
Speaker 1: to keep the GST for Western Australia exactly as it
47:29
Speaker 1: is now. The productivity Commissioner has blasted him for dismissing
47:33
Speaker 1: this review. This is, of course the arrangement set up
47:36
Speaker 1: in twenty eighteen under former Prime Minister Scott Morrison. Now
47:40
Speaker 1: the Commissioner, Doctor Angela Jackson says that the reviews above
47:43
Speaker 1: politics and it's an important feature of our economic infrastructure.
47:48
Speaker 3: Do you think this needs to be re examined?
47:52
Speaker 12: Well, I mean, I don't know what recourse anyone would
47:55
Speaker 12: have at the moment given the Prime Minister's very clear position,
47:59
Speaker 12: but it is the high watermark for putting politics and
48:02
Speaker 12: short term political adjectives above the long term best interests
48:06
Speaker 12: of the country. I mean, this is a shocking arrangement
48:09
Speaker 12: that of course was put in place under the coalition,
48:12
Speaker 12: but it is now quite clear that it's not only
48:15
Speaker 12: a lot more expensive, it just means that the principles
48:19
Speaker 12: of providing money to all the states to have an
48:23
Speaker 12: even standard of living across all of Australia that goes
48:25
Speaker 12: back over one hundred years, this is breaching them and
48:28
Speaker 12: favoring WA. The fact that they've walked away from it
48:31
Speaker 12: just is in the political too hard basket and that's
48:34
Speaker 12: a political judgment and it's not the right thing to do.
48:37
Speaker 1: It's all about politics, isn't it what it comes down.
48:40
Speaker 12: To, And of course it just shows you how serious
48:43
Speaker 12: the government's taking the next election already, it's no slam
48:47
Speaker 12: dunk that the Alp government's going to be returned, and
48:49
Speaker 12: of course WA is critical.
48:51
Speaker 1: Yeah, all right, Warren Hogan, thanks so much for your
48:53
Speaker 1: time tonight, and thanks everyone for tuning in. I'll see
48:56
Speaker 1: you tomorrow at eight o'clock as always. And right now,
48:59
Speaker 1: here's Paul Marie in the man Cave