Latest / Inside Politics / A case of 'burger diplomacy' for Trump, while Barnaby Joyce puts his beef aside to oppose net zero
Transcript
- 0:01S1: From the newsrooms of the Sydney Morning Herald and The Age.
- 0:03S1: This is inside politics. I'm Jacqueline Maley, it's Friday, July 25th.
- 0:10S1: This week we witnessed a democratic festival in the form
- 0:13S1: of the opening of the 48th Parliament.
- 0:19S2: The call to the honourable the Prime Minister.
- 0:21S3: Well, thanks very much, Mr. Speaker.
- 0:24S1: Prime Minister Anthony Albanese's dominance of the House of Representatives
- 0:28S1: is undeniable. A newish opposition leader, Sussan Ley, faces a
- 0:31S1: huge challenge in cementing her authority over a fractious coalition
- 0:35S1: set to have a big argument over its climate policy,
- 0:38S1: with the nationals looking like they're set to ditch any
- 0:41S1: commitment to net zero emissions by 2050.
- 0:46S4: By ourselves, that has no effect on the climate. It's insane.
- 0:51S1: But Albanese also faces tricky terrain. This week, the government
- 0:54S1: lifted a ban on US beef imports to Australia, leaving
- 0:58S1: Albanese open to suggestions he's capitulated to pressure from US
- 1:02S1: President Donald Trump, and soon the PM will have to
- 1:04S1: decide on the Australian government's interim 2035 emissions reduction target.
- 1:10S1: Joining me today we have the original gang back together.
- 1:13S1: We've got Paul Satchell hot off the plane from China
- 1:16S1: where he was with the PM last week. He is
- 1:18S1: our very own chief political correspondent. Hello, Paul.
- 1:21S5: Hey. It was hot off the plane. China was very
- 1:24S5: hot when we arrived in Chengdu, which is this massive
- 1:29S5: city in the western province of Sichuan. It was like mid-afternoon,
- 1:34S5: I think it was 37 or 38 degrees in the air,
- 1:37S5: and the real feel was 48.
- 1:39S1: Oh my gosh, I don't even I can't even imagine
- 1:41S1: what that feels like.
- 1:42S5: It was the hottest afternoon I've ever felt when we
- 1:44S5: went to a tennis court in the blaring sun, where
- 1:47S5: Chinese officials gave very long speeches which needed to be
- 1:50S5: translated at the same time, so to say. We were
- 1:53S5: sweating through our t shirts and yeah, um, and and
- 1:57S5: struggling would be an understatement. But it was a great trip.
- 1:59S1: It was grueling. Well, we really enjoyed your reporting. Just
- 2:02S1: quickly behind the scenes, how was Anthony Albanese sort of
- 2:05S1: demeanor when he was on the trip? Because when he
- 2:07S1: first became prime minister, there was criticism that he didn't
- 2:09S1: have a lot of well, he had sort of no
- 2:10S1: international experience. How is he now in these big diplomatic trips?
- 2:14S1: Is he more relaxed?
- 2:15S5: Well, I don't think when he came to the prime ministership,
- 2:19S5: he was immediately seen as someone who would be comfortable
- 2:21S5: on the international stage. He's never had a portfolio in
- 2:24S5: the economic, security or foreign affairs spaces. He's an infrastructure
- 2:28S5: guy before coming, becoming leader. So I don't think people
- 2:32S5: thought it would come naturally to him. But I think
- 2:34S5: to his credit, and he would argue, and the government
- 2:36S5: does argue, that he's had an unexpected number of wins
- 2:40S5: on the international stage. There's been this period of stabilization
- 2:43S5: with China, which is now potentially moving into a phase
- 2:46S5: of even greater warmth. There's been close knit ties with Indonesia,
- 2:50S5: which the government is really proud of. A key regional ally.
- 2:53S5: He's extracted a number of Australians from detention, including Cheng
- 2:57S5: Lei from China last year.
- 2:59S1: He got some people out of the clink in Indonesia too,
- 3:01S1: didn't he?
- 3:02S5: Yeah he did. So? So there are some things to
- 3:04S5: hang your hat on there. And on the China trip
- 3:06S5: he was particularly after the meetings with Chinese officials, including
- 3:12S5: the president and premier, on the Tuesday, which was, I think,
- 3:14S5: the third day of the trip. He was in quite
- 3:16S5: a relaxed and really vibrant mood on the plane back
- 3:20S5: when I interviewed him, he was wearing a Joy Division
- 3:23S5: t shirt. He was very relaxed and he was speaking
- 3:25S5: quite effusively about the trip and not, not not really.
- 3:28S5: Not really playing into the criticism from conservatives back home
- 3:31S5: that he might be cuddling up a little too closely
- 3:33S5: with an autocrat.
- 3:34S1: Yeah. Um, band t shirt. Albo is relaxed. Albo. Let's
- 3:39S1: move on to this week. Of course, there is one,
- 3:41S1: you know, a particular diplomatic international diplomatic trip on which
- 3:44S1: he has not gone, and a particular ally which has
- 3:47S1: not invited him to visit. And we all know who
- 3:49S1: that is. But there was some movement this week on
- 3:52S1: that front. On Thursday, the news broke that the Australian
- 3:54S1: government has lifted a ban on beef imports from the
- 3:57S1: United States. This is something that the Trump administration has
- 4:00S1: been lobbying for and cross about for quite some time,
- 4:02S1: that we have had a ban on US beef imports.
- 4:05S1: Why did we lift this ban now? Is the timing suspicious?
- 4:08S5: The trade minister, Don Farrell, on Thursday morning insisted there
- 4:12S5: was nothing suspicious about it. This is just a scientific
- 4:15S5: review that's been going on for five years, and the
- 4:18S5: five year culmination just happened to come in the key
- 4:21S5: period of months when Australia is negotiating with the US.
- 4:24S5: You want to jump in, Jackie?
- 4:25S1: Well, and this scientific review is basically about the fact
- 4:28S1: that Australia has always felt that the United States doesn't
- 4:31S1: have the right biosecurity structures in place to stop us
- 4:34S1: getting nasty diseases from cows from the US, specifically mad
- 4:38S1: cow disease. That's my very, very brief and simplistic understanding
- 4:44S1: of Australian biosecurity laws.
- 4:46S5: There hasn't there's been there was this long standing US
- 4:49S5: restriction based on an outbreak of mad cow disease many
- 4:52S5: years ago. There hasn't actually been a formal ban for
- 4:56S5: about 5 or 6 years. But no US beef has
- 5:00S5: been imported into Australia because of these barriers around whether
- 5:05S5: we can in Australia, abide by our own really strict
- 5:07S5: traceability rules for cattle that's born in Canada or Mexico
- 5:11S5: but slaughtered in the US. Our officials have been over
- 5:13S5: there for many, many months now, trying to test if
- 5:17S5: the US has put restrictions around their biosecurity that are
- 5:20S5: sufficient for our own purposes. And in recent months, it's
- 5:25S5: become clear that there was a positive trajectory in that review.
- 5:27S5: And when we wrote a story a month ago on
- 5:30S5: this topic, it was very much framed to us as
- 5:33S5: a carrot for the US administration. Donald Trump has talked
- 5:38S5: about how Australia blocks US beef. It's something that annoys him,
- 5:41S5: and it was pitched to us as something that could
- 5:43S5: be used in the tariff negotiations reported today by the
- 5:46S5: Australian Financial Review, that that decision was finalised. But the
- 5:49S5: government line, whenever a minister stands up to talk on
- 5:52S5: the issue, they are not going near linking the tariff
- 5:56S5: talk with the with the biosecurity challenge.
- 5:58S1: Okay. But let's talk about the realpolitik, because the Prime
- 6:01S1: Minister has talked a pretty big game in the past,
- 6:03S1: particularly during the election campaign, about acting always in Australia's
- 6:07S1: interests when it comes to pressure from the Trump administration.
- 6:11S1: Have they bowed to pressure here in a way or thought? Look,
- 6:13S1: we can give them this in the hope that it
- 6:16S1: will stand us in good stead for broader tariff negotiations
- 6:19S1: with the US.
- 6:20S5: We've already seen the coalition come out and the nationals leader,
- 6:23S5: David Littleproud, who's obviously someone with interest in in on
- 6:27S5: the cattle side of things and taking the taking the
- 6:29S5: side of farmers, they've come out and called this an
- 6:32S5: act of appeasement of Donald Trump and that the Prime
- 6:35S5: Minister is trying to play catch up in the relationship
- 6:36S5: with the US. He hasn't met Donald Trump, and now
- 6:38S5: he's reached for a an easy win that compromises Australian agriculture.
- 6:44S5: I think the government would say that that criticism is
- 6:47S5: over the top, that this was low hanging fruit where
- 6:50S5: the government had a had had an option to give
- 6:53S5: the US something that it wanted, something that plays into
- 6:56S5: Trump's personal set of grievances. He's he's a guy who's,
- 7:00S5: you know, spent part of his campaign flipping burgers at McDonald's.
- 7:04S5: He loves McDonald's burgers. Australian beef is used in US burgers,
- 7:07S5: so he would wonder why they can't sell beef into Australia. Yeah,
- 7:11S5: this is something that might play into the way the
- 7:12S5: president thinks about the world. To cut a deal. And
- 7:15S5: the Australians are pretty confident that it's not something that's
- 7:18S5: going to hurt our biosecurity rules. So I think they
- 7:20S5: would argue this is low hanging fruit that gives us
- 7:22S5: a little win or a little chance of a win.
- 7:23S1: It's burger diplomacy.
- 7:25S5: Burger diplomacy.
- 7:26S1: We found the we found the soft spot in Trump's
- 7:29S1: otherwise very hard exterior.
- 7:31S5: Panders to cattle.
- 7:33S1: These little Mexican cows that we're going to be eating. Okay.
- 7:36S1: Let's talk about the pomp and ceremony of parliament opening
- 7:38S1: this week. It was the 48th Parliament opened, and that's
- 7:41S1: always a few special days in Canberra. The Governor-General addresses
- 7:45S1: both houses.
- 7:46S6: Blackrod, please let the members of the House of Representatives
- 7:49S6: know that I desire their attendance in the Senate.
- 7:52S1: The lower house MPs go to the Senate and they
- 7:54S1: all crowd in together on the benches. The usher of
- 7:57S1: the Black Rod comes into the house and grabs them all.
- 8:00S6: Mr. speaker, the usher of the Black Rod, with a
- 8:03S6: message from Her Excellency.
- 8:04S1: The have that they do that thing where they pretend
- 8:07S1: to drag the speaker to the chair. There are all
- 8:09S1: these beautiful ancient traditions from our British parliamentary history. But
- 8:13S1: I suppose the big story of the week for this
- 8:15S1: 48th Parliament is the enormous disparity between the numbers on
- 8:19S1: the government bench and the numbers on the opposition bench.
- 8:22S1: So I just wanted to ask you about how that
- 8:25S1: played out atmospherically, and also how Susan Lee went as
- 8:30S1: the opposition leader in her first sort of formal week
- 8:33S1: in that role in the Parliament.
- 8:35S5: Yeah, everyone had been flagging in the lead up to these,
- 8:38S5: to this first week that the optics of the huge
- 8:41S5: government benches and the diminished oppositions would be quite striking. And,
- 8:45S5: you know, it's almost a cliche to say it now,
- 8:47S5: but it really was. The feeling in the building this
- 8:51S5: week is really palpable around the opposition just not having
- 8:55S5: the same heft as last term. It lacks a figurehead
- 8:59S5: leader in Peter Dutton, who is clearly, um, hugely discredited
- 9:02S5: now because of the election result. But for much of
- 9:04S5: last term at least, the press gallery political bubble narrative
- 9:10S5: was that he was ascendant. Parliament felt like a place
- 9:13S5: where the opposition would often have the government on the
- 9:16S5: back foot. They were nowhere near as small as they
- 9:18S5: are now, and the Prime Minister had some really tough weeks. Instead,
- 9:21S5: this week we have what feels really like a procession
- 9:24S5: for the government's massive win in May. There's three bills
- 9:28S5: on the agenda, all of which are relatively non-controversial and
- 9:31S5: popular for labor, being around, um, boosting childcare safety penalty
- 9:35S5: rates and the HECS 20% fee cut. And the government
- 9:39S5: made a call to not even talk about the contentious
- 9:42S5: element of its agenda around superannuation tax. They're deferring that
- 9:45S5: for another sitting fortnight because what they want to do
- 9:48S5: in this fortnight is get through these bits of legislation
- 9:50S5: which they key popular promises, as well as do all
- 9:54S5: of the maiden speeches for the new members. So it
- 9:57S5: really does feel like a moment where the government is
- 10:00S5: basking in its win and the opposition and talking. So
- 10:03S5: to have such a long answer, but talking to some
- 10:05S5: of the opposition members this week in private, this this sounds, um,
- 10:10S5: sounds terrible to say, but, you know, they're in this
- 10:12S5: building and I think some of them are questioning their
- 10:15S5: place in politics. They're wondering, you know, where they go next.
- 10:19S5: They're wondering if they're in the same situation three years
- 10:21S5: from now, after the next election, whether they've made the
- 10:23S5: right choice in their career. There are some really existential
- 10:26S5: questions being asked in the coalition environment.
- 10:28S1: Yeah, none of which I think is good for democracy.
- 10:30S1: I mean, I know that's sort of quite an earnest
- 10:33S1: thing to say, but democracy does thrive and the Parliament
- 10:36S1: does thrive when you have a really strong opposition. Let's
- 10:39S1: move on to the opposition, because whatever tentative peace there
- 10:42S1: may have been at the beginning of the parliamentary week,
- 10:45S1: it was quickly broken by Barnaby Joyce and Michael McCormack,
- 10:48S1: both former nationals leaders, who made it pretty clear that
- 10:52S1: they're going to make David Littleproud's life difficult with their
- 10:56S1: opposition to net zero by 2050. Paul, tell us about
- 11:00S1: the mischief that they were making.
- 11:02S5: Yeah, quite the way to start the first sitting day
- 11:05S5: of Parliament by those two former nationals leaders.
- 11:08S7: The new dream team, the dream couple, the member for
- 11:10S7: New England, the member for Riverina are out there this
- 11:12S7: morning backing each other in, the member for Riverina said
- 11:16S7: on The Kieran Gilbert Show where virile and we're out there.
- 11:20S5: McCormack and Joyce, obviously, both of them former deputy prime
- 11:22S5: ministers under the last coalition government, they've been pushed to
- 11:25S5: the outer fringes of the National Party by the current leader,
- 11:28S5: David Littleproud. There's so much personal history between this trio.
- 11:35S5: When Barnaby Joyce was leader in the mid part of
- 11:37S5: last decade, he promoted David Littleproud, who was quite a
- 11:40S5: new MP at the time, ahead of many others of
- 11:42S5: his colleagues into the cabinet. Joyce really rated Littleproud. They
- 11:46S5: then had a falling out. McCormack took the leadership after
- 11:49S5: Joyce had an issue with impregnating a staffer who is
- 11:53S5: now his wife, and then Joyce subsequently toppled McCormack after
- 11:59S5: a period of severe undermining. So you'd think that McCormack
- 12:02S5: and Joyce wouldn't have much to do with each other.
- 12:03S5: But over the last term of Parliament, there was quite
- 12:06S5: a lot of dissatisfaction with David Littleproud's leadership. And Joyce
- 12:10S5: and McCormack kind of came together over the last term,
- 12:13S5: started to chat outside of Parliament. They would see each
- 12:16S5: other around their electorates. I think they spent a bit
- 12:17S5: of time with each other in the election campaign.
- 12:19S1: That's nice. So they had a sort of rapprochement.
- 12:21S5: They had a rapprochement and they've become kind of friendly.
- 12:26S5: They both don't have much love for the leader. Neither
- 12:28S5: of them have the numbers in the party room. This
- 12:30S5: is crucial. And they acknowledge that Barnaby Joyce certainly doesn't.
- 12:32S1: He's very, very clearly, um, and obviously not ruled out
- 12:37S1: because he was asked that question quite directly whether or
- 12:38S1: not he wants to become the leader again. And he
- 12:40S1: was pretty. I mean, it was pretty obvious he didn't
- 12:42S1: rule it out and he didn't deny it at all. Um,
- 12:45S1: so okay, so we've got these two former enemies or
- 12:47S1: former nemeses joining together to basically try to topple net zero.
- 12:51S1: Where does this leave Susan Lee? Obviously, the liberals are
- 12:54S1: now having a complete policy review of all the policies
- 12:57S1: they took to the election, which includes the commitment to
- 12:59S1: net zero by 2050. The nationals are having a separate
- 13:03S1: review of the net zero by 2050 commitment. But it's
- 13:05S1: being done, crucially by Matt Canavan, who's one of the
- 13:08S1: sort of most pro-mining, most anti-climate change members in Parliament.
- 13:14S1: Is it possible that they're going to end up like
- 13:16S1: the liberals and the nationals will have a completely different
- 13:19S1: policy stance?
- 13:20S5: It's an it's an open question and it's a it's
- 13:22S5: a real prospect. The National Party process is it's pretty
- 13:26S5: clear where that's heading. Littleproud yesterday in responding to this,
- 13:30S5: Joyce and McCormack push, which was revealed in The Australian,
- 13:33S5: effectively said that the review that Matt Canavan and his
- 13:36S5: colleague Ross Caddell are conducting will speak to some experts
- 13:39S5: to justify that net zero was a huge burden on
- 13:42S5: the economy and to regional communities, and he said he
- 13:45S5: said net zero was an impossibility. It's burdening us. It's
- 13:48S5: not good for the country. So it's clear where the
- 13:50S5: National Party is going Unless something radical changes there, it
- 13:53S5: looks like they will drop their commitment to net zero,
- 13:55S5: at least in its current form. The Liberal Party process
- 13:58S5: is much less clear. There are very strong views on
- 14:01S5: either side. You had Victorian Senator Jane Hume, a leading moderate.
- 14:05S5: Potentially leading is a is a is a poor set
- 14:07S5: of words because she's quite diminished after the election. But
- 14:10S5: a strong a strong voice on the moderate side say
- 14:12S5: that net zero is critical to winning seats in the
- 14:14S5: inner city. It's effectively a proxy for whether a party
- 14:18S5: is seen as believing in climate change and and viewing
- 14:22S5: that as an issue of substance.
- 14:23S1: And wouldn't you also say a proxy, particularly in those
- 14:26S1: inner metropolitan seats that the liberals absolutely need to win
- 14:29S1: back to have a path to government? It's sort of
- 14:32S1: a proxy for whether or not your party is in
- 14:34S1: keeping with sort of contemporary views on climate change and
- 14:37S1: also able to access the votes of younger people in particular.
- 14:43S1: And I would say more broadly, most women and these
- 14:47S1: are the two cohorts that the that the liberals have
- 14:50S1: particularly struggled with totally.
- 14:51S5: And Susan Lee is is of that of a similar view,
- 14:55S5: as are a lot of her key supporters, including Alex
- 14:59S5: Hawke and Andrew Bragg and kind of people in the
- 15:01S5: center and to the moderate side of the Liberal Party.
- 15:03S5: But then on the other side of the of the
- 15:05S5: Liberal Party, you know, non non fringe politicians such as
- 15:09S5: Andrew Hastie, for example, a future leadership contender, no doubt
- 15:13S5: has been telling colleagues in recent days that the party
- 15:15S5: does need to dump net zero. Right. And you know,
- 15:18S5: he's he's not someone who I don't think he's ever
- 15:21S5: made utterances that indicate that he doesn't believe in climate change.
- 15:23S5: He's just someone who holds the view that the world
- 15:26S5: is shifting in a different direction. You see the Trump
- 15:28S5: administration turn towards fossil fuels, really rocky trajectories to green energy.
- 15:32S5: In Europe. They see energy prices rising. And they say,
- 15:35S5: why should we be doing so much when developing countries
- 15:38S5: like China are going to emit as much greenhouse gas
- 15:41S5: between now and 2049, I think, as the US has
- 15:43S5: done in its history. So there there are strongly held views,
- 15:46S5: even in the mainstream of the Liberal Party.
- 15:48S1: Yeah. Okay. So there is an there is an argument,
- 15:50S1: I suppose, or a view within the Liberal Party, that
- 15:53S1: you could use this as a product differentiation sort of issue,
- 15:56S1: and you could make it an economic argument entirely, an
- 15:58S1: economic argument, i.e. that the costs of transitioning to net
- 16:02S1: zero and transitioning entirely to renewables is going to be
- 16:05S1: borne too much by the Australian consumer, and particularly people
- 16:08S1: who can't afford it, like pensioners, pensioners and so on.
- 16:11S1: So let's talk about the Prime Minister, the labor side now,
- 16:14S1: because the government is actually going to have to make
- 16:16S1: its own decision on net zero or our pathway to
- 16:19S1: net zero pretty soon, in the next few weeks, the
- 16:21S1: Climate Change Authority will deliver its decision on what the
- 16:24S1: interim 2035 emissions target reduction target should be. So basically
- 16:29S1: where we need to be by 2035, if we're even
- 16:31S1: going to get close to net zero by 2050. Um,
- 16:34S1: you reported this week that it's probably going to be
- 16:36S1: in the order of 65 to 75% recommended cuts. How
- 16:40S1: is Albanese going to handle this politically? It will cost money.
- 16:44S1: It will cost the consumer. Energy prices will go up,
- 16:47S1: at least in the short term. Is this a political
- 16:50S1: risk for the government?
- 16:50S5: Well, this should be one of the key lines of
- 16:55S5: attack from the coalition on Labour. That puts the government
- 16:58S5: in a really tricky position. The transition to green energy
- 17:01S5: across the world is really bumpy. Australia is doing a
- 17:04S5: pretty good job at getting towards its 2030 target, but
- 17:06S5: it probably won't quite get there. 2035 target will be
- 17:09S5: difficult again. There is. There is difficulty in gaining social
- 17:14S5: licence for big renewable projects in the country where solar
- 17:17S5: and wind farms need to go. The backlash was nowhere
- 17:20S5: near as severe in some of these seats as the
- 17:21S5: coalition kind of made out before the election, but there's
- 17:25S5: no doubt that the shift towards a green future is
- 17:27S5: not easy at all, leads to high prices in the
- 17:30S5: short or medium term, that there's hope that that will
- 17:33S5: abate over time. But if the coalition had a clear
- 17:36S5: policy of its own and wasn't so racked with disunity
- 17:39S5: about whether, in essence, whether there is man made climate change,
- 17:43S5: because there's quite a few people on the right of
- 17:45S5: that party who just don't believe that and don't believe
- 17:47S5: that anything much should be done about it. If it
- 17:49S5: wasn't so racked by instability on its own side, it
- 17:53S5: could mount a clear argument to say the government is
- 17:56S5: moving too quickly towards a renewable future, and that's costing
- 17:58S5: Australians money. Now the government has a decision to make
- 18:02S5: on its 2035 target. Matt Kean, the former Liberal treasurer
- 18:06S5: of New South Wales, who was handpicked by Chris Bowen
- 18:09S5: to run the Climate Change Authority, is quite close to
- 18:12S5: delivering his advice to government, which will, I think give
- 18:15S5: a range of somewhere in the in the 60s, maybe
- 18:18S5: up to 70% on that 25% emissions reduction target. The
- 18:22S5: way this has been seen effectively is that a number
- 18:24S5: in the 50s would be not ambitious enough and pretty
- 18:28S5: much be business as usual in terms of the pathway.
- 18:31S5: Somewhere in the 70s would be quite quick and would
- 18:34S5: necessitate really quick shifts towards EVs and quicker switching off
- 18:40S5: of fossil fuel facilities like coal plants, which you see
- 18:44S5: state governments across the country actually extending the life of
- 18:46S5: coal plants because of how difficult this transition is. So
- 18:49S5: there are a whole different bunch of trade offs here.
- 18:51S5: Tricky politics, hard trade offs, the consensus. And it's still
- 18:56S5: an expectation at this point. Not not, not not with
- 18:59S5: much certainty, is that the government will land somewhere in
- 19:02S5: the 60s. Um, but we'll probably see that in the
- 19:04S5: next few months. And the politics of this internationally are
- 19:06S5: important as well, because we're trying to win the next
- 19:09S5: Cop summit. The big international climate conference in Adelaide. And
- 19:12S5: we have stiff competition from Turkey, which is yet to
- 19:15S5: pull out, which is making our winning of that conference harder.
- 19:17S5: We need to prove to the world that we're serious
- 19:19S5: about climate change and the Pacific, which we are trying
- 19:21S5: to draw closer to us and away from China, which
- 19:24S5: is shifting quickly towards a green economy, despite putting on
- 19:28S5: a lot of coal plants and other things as well.
- 19:30S5: Also wants Australia to be ambitious.
- 19:31S1: Yeah, it's so tricky and it's fascinating. Paul, just casting
- 19:34S1: ahead to next week, are we going to get our
- 19:37S1: lovely superannuation tax debate?
- 19:39S5: We're not. Uh, the government is being pretty coy about
- 19:43S5: when and how it wants to approach that bit of legislation,
- 19:47S5: the And the Greens say they want to make some
- 19:50S5: minor tweaks to this law. They want to reduce the
- 19:52S5: threshold from 3 million to 2 million and index it
- 19:55S5: over time. Chalmers, we don't think has had a substantive
- 19:58S5: Jim Chalmers, we don't believe has had a substantive conversation
- 20:01S5: with his Greens counterparts. So we don't know when that's
- 20:03S5: going to come on. There's a chance it all gets
- 20:05S5: tied into the whatever comes out of this economic roundtable
- 20:09S5: that's been held in mid-August. So we're a bit none
- 20:11S5: the wiser.
- 20:11S1: And yeah, we're very excited about the economic Roundtable. We
- 20:14S1: love a roundtable on this podcast. Um, it's all going
- 20:17S1: to be very.
- 20:17S5: Camera is going to be packed.
- 20:18S1: Oh, it's.
- 20:19S5: You won't be able to book a flight.
- 20:21S1: Basically like Coachella for for Canberra. It's going to be huge.
- 20:24S1: It's going to be lit.
- 20:25S5: You're coming. Right?
- 20:26S1: Um, maybe I guess so. Um, we'll definitely be talking
- 20:31S1: about on the podcast. Paul, thank you for joining us.
- 20:33S1: Welcome home from China. I hope you've adjusted to the
- 20:36S1: freezing Canberra temperatures.
- 20:38S5: It's grim. Thank you. Great to talk.
- 20:39S1: Again. Yep. You too. Bye. Today's episode was produced by
- 20:44S1: Tammy Mills with technical assistance from Debbie Harrington to listen
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- 21:10S1: for listening. Okay. Thanks, guys. See you.