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Credlin: Budget Special · Credlin

• 0:01
  Speaker 1: Peter Krandland live on Sky News Australia.
• 0:07
  Speaker 2: Good evening, Welcome to the program Big Budget Night here
• 0:10
  Speaker 2: on Sky News, Here on Kredlin.
• 0:12
  Speaker 3: I'll take you right up.
• 0:13
  Speaker 2: To the Treasurer's speech, which will be in just over
• 0:16
  Speaker 2: an hour now he'll hand down the Alberanezi government's fifth budget.
• 0:20
  Speaker 2: I'll get you across what we know so far and
• 0:22
  Speaker 2: what we might expect as labor MPs get the script
• 0:26
  Speaker 2: to sell yet more broken promises. The expense scandal too,
• 0:30
  Speaker 2: involving Communications Minister Arnaicle Wells widens today as the state
• 0:34
  Speaker 2: MP she supposedly met with on her business trip refuses
• 0:38
  Speaker 2: to corroborate her story. So how much longer can the
• 0:42
  Speaker 2: minister hang on? Speaking of ministers trying to hang on,
• 0:46
  Speaker 2: We'll go to the UK for the latest. Their kiss
• 0:48
  Speaker 2: Darma clinging to his leadership, but just as more than
• 0:53
  Speaker 2: seventy UK labor MPs now call for him to stand
• 0:56
  Speaker 2: down and just send a namba. Jimper Price will join
• 0:59
  Speaker 2: me to after an incredibly emotional speech in the Parliament
• 1:04
  Speaker 2: demanding that we confront the truth and stop hiding behind culture.
• 1:08
  Speaker 2: In a condolence motion for her dead niece.
• 1:12
  Speaker 4: We cannot continue pretending that lowering expectations for Ooriginal children
• 1:16
  Speaker 4: is compassion.
• 1:18
  Speaker 5: It's not compassion, it's neglect. It's the racism of low expectations.
• 1:25
  Speaker 2: There are speeches that will go down in history, and
• 1:28
  Speaker 2: that was one.
• 1:30
  Speaker 3: But first remember.
• 1:31
  Speaker 6: This, that's my word, is my bond.
• 1:36
  Speaker 2: And yet after four years in office, Australians know this
• 1:40
  Speaker 2: bloke couldn't lie straight in bed Tonight when the Treasurer
• 1:44
  Speaker 2: gets to his feet, and as I said, just over
• 1:46
  Speaker 2: an hour, big changes will be made to the rules
• 1:49
  Speaker 2: around investment properties in this country, rules that you rejected
• 1:53
  Speaker 2: at the twenty sixteen and twenty nineteen elections, Rules that
• 1:58
  Speaker 2: the Prime Minister himself personally has ruled out. This was
• 2:03
  Speaker 2: September twenty twenty four with my colleague Peter Stefanovic.
• 2:08
  Speaker 1: Will you guarantee that you won't touch negative gearing in
• 2:11
  Speaker 1: capital gains tax concessions?
• 2:15
  Speaker 6: Well, we have no plans to touch it or change
• 2:18
  Speaker 6: negative gearing.
• 2:19
  Speaker 1: If we go to the current issue of negative gearing
• 2:22
  Speaker 1: capital gains tax, might you change not a parent issue
• 2:25
  Speaker 1: even though well it certainly is pete at the moment.
• 2:30
  Speaker 6: Well, if you ask the same question, Peter, you get.
• 2:32
  Speaker 1: Well, I'm not getting a response to it. So can
• 2:34
  Speaker 1: I ask again, could those plans?
• 2:36
  Speaker 6: Yes you are, Yes, you are. You're not listening, Peter.
• 2:40
  Speaker 6: You've already asked it, and I've already answered it.
• 2:42
  Speaker 1: But I'm paying said plans, But could plans change?
• 2:45
  Speaker 6: And I well, if you want to keep interrupting me,
• 2:50
  Speaker 6: then this won't be we won't get anywhere.
• 2:55
  Speaker 3: And this exchange with another colleague, Andrew Cleanell.
• 2:59
  Speaker 7: Ask you straight up, are you considering altering the capital
• 3:03
  Speaker 7: gains tax discount in this country?
• 3:05
  Speaker 6: What we're considering doing is handing out a budget Andrew
• 3:09
  Speaker 6: on the second Tuesday in May.
• 3:11
  Speaker 7: So no CGT change.
• 3:14
  Speaker 6: Our focus, as I've said, is tax cuts.
• 3:18
  Speaker 7: I assume you wouldn't take a change like CGT to
• 3:21
  Speaker 7: a budget not long after elected. If you're going to
• 3:24
  Speaker 7: change something like that, you would feel you'd have to
• 3:25
  Speaker 7: take it to an election, wouldn't you.
• 3:27
  Speaker 6: Well, we're focused on the tax cuts that will come
• 3:30
  Speaker 6: in on July one.
• 3:33
  Speaker 2: And then this during last May's election campaign, in the
• 3:36
  Speaker 2: televised debate on Channel seven.
• 3:39
  Speaker 3: Negative gearing is off the table. Yeah, it's off the table,
• 3:44
  Speaker 3: off the table.
• 3:45
  Speaker 2: Indeed, Albanez he was so often asked about changes to
• 3:48
  Speaker 2: negative gearing and capital gains, but eventually he lost his
• 3:51
  Speaker 2: call just days out from the election.
• 3:55
  Speaker 8: Can you rule out any changes to negative gearing and
• 3:58
  Speaker 8: capital gains taxes?
• 4:00
  Speaker 6: How hard is it for the fiftieth time?
• 4:04
  Speaker 3: How hard is it?
• 4:05
  Speaker 9: Well?
• 4:05
  Speaker 2: Who can be surprised because this bloke has.
• 4:08
  Speaker 6: Formed reducing power prices by two hundred and seventy five
• 4:12
  Speaker 6: dollars two hundred and seventy five dollars a year, two
• 4:15
  Speaker 6: hundred and seventy five dollars two hundred and seventy five
• 4:19
  Speaker 6: dollars two hundred and seventy five dollars a year.
• 4:24
  Speaker 2: That promise repeated over ninety times and the reality, well,
• 4:29
  Speaker 2: electricity is up thirty two percent, gas is up thirty
• 4:33
  Speaker 2: four percent. Then this, when asked to confirm rumors and
• 4:37
  Speaker 2: the return of women connected to the Islamist terror group
• 4:40
  Speaker 2: Islamic state.
• 4:42
  Speaker 10: What actions has your government taken to guarantee the safety
• 4:46
  Speaker 10: of Australians if these people return?
• 4:51
  Speaker 6: Cool to the promise to those reports are not accurate.
• 4:54
  Speaker 6: We are not repatriating these people.
• 4:57
  Speaker 9: We have made it clear we.
• 4:59
  Speaker 6: Have not provided any assistance nor will we involved in
• 5:04
  Speaker 6: those actions of the Syrian government were provided no assistance
• 5:09
  Speaker 6: for these people were not repatriating them.
• 5:13
  Speaker 2: Well, you gave them thirty four passports at the start
• 5:17
  Speaker 2: of the year and here they are now back in Australia,
• 5:21
  Speaker 2: eligible for all manner of taxpayer welfare and support. Before
• 5:27
  Speaker 2: they were elected, Labor promised that they would remain strong
• 5:30
  Speaker 2: supporters of the State of Israel, said Labour's National Secretary
• 5:34
  Speaker 2: Paul Erickson. Labor is a strong supporter of the State
• 5:37
  Speaker 2: of Israel. That will never change. Labor will not seek
• 5:41
  Speaker 2: to play domestic politics with Australia's foreign relations. And yet
• 5:46
  Speaker 2: once safely elected, we got this from Labor.
• 5:50
  Speaker 6: Australia will recognize the state of Palestine. Australia will recognize
• 5:56
  Speaker 6: the ride of the Palestinian people to a state of
• 5:59
  Speaker 6: their own, predicated on the commitments Australia has received from
• 6:04
  Speaker 6: the Palestinian authority.
• 6:08
  Speaker 2: And no action, no arrest, no condemnation about this on
• 6:12
  Speaker 2: the streets of the Electorate of Home Affairs Minister Tony Burke.
• 6:17
  Speaker 9: Smiling and I'm happy. It's a day of courage.
• 6:25
  Speaker 3: On immigration, Labor lies big when it.
• 6:30
  Speaker 6: Comes to migration numbers. We have cut the net migration
• 6:35
  Speaker 6: figures by over forty a year.
• 6:38
  Speaker 10: The number of people arriving now.
• 6:42
  Speaker 5: In coalition.
• 6:43
  Speaker 2: Well, the reality is it has never been higher in
• 6:46
  Speaker 2: Australian history under albn easy years and years of record
• 6:51
  Speaker 2: high immigration to this country. And all these people, too many,
• 6:55
  Speaker 2: too quickly, is what's fueling cost of living pressures and
• 6:59
  Speaker 2: shutting Australians out of the housing market, not to mention
• 7:03
  Speaker 2: the labour's willingness to import the sort of hatreds that
• 7:06
  Speaker 2: have never been a part of who we are in
• 7:10
  Speaker 2: terms of you and your family, your ability to make
• 7:13
  Speaker 2: ends meet. This was Anthony Albanesi's promise to voters.
• 7:18
  Speaker 6: Under our plan, no fam will be worse off, but
• 7:22
  Speaker 6: almost all families will be better off.
• 7:26
  Speaker 2: And this too, just last year, and he is budget
• 7:30
  Speaker 2: speech from the Treasurer speaker.
• 7:33
  Speaker 3: Our economy is turning the corner.
• 7:36
  Speaker 11: Inflation is down, incomes are rising, unemployment is low, interest
• 7:41
  Speaker 11: rates are coming down, debt is down, and growth is
• 7:44
  Speaker 11: picking up. Momentum.
• 7:47
  Speaker 2: Yeah, the truth is inflation is not down, it is up.
• 7:52
  Speaker 12: Inflation in Australia was already too high before the recent
• 7:55
  Speaker 12: conflict in the Middle East began. We've already seen expectations
• 7:58
  Speaker 12: for inflation over the next year or so increase and
• 8:01
  Speaker 12: we need to ensure that this does not lead to
• 8:04
  Speaker 12: higher inflation expectations over the longer term.
• 8:07
  Speaker 2: And despite what Jim Chalmers said, incomes are not rising.
• 8:12
  Speaker 2: The fact is that since the Albanezy government was elected
• 8:14
  Speaker 2: in twenty twenty two, real wages have fallen two percent,
• 8:19
  Speaker 2: and for working families, real wages have fallen by about
• 8:23
  Speaker 2: nine percent. Worse still, economist Shane Oliver has forecast that
• 8:27
  Speaker 2: real wages will not return to twenty twenty levels for
• 8:31
  Speaker 2: another eight years, not until twenty thirty two. Chalmers said
• 8:35
  Speaker 2: interest rates are coming down, but they're not. They're not,
• 8:38
  Speaker 2: are they?
• 8:39
  Speaker 12: These second round effects could lead to even higher and
• 8:42
  Speaker 12: persistent inflation, and if so, would require even more tightening
• 8:46
  Speaker 12: and monetary policy to get inflation under control.
• 8:49
  Speaker 2: That's the Reserve Bank governor, and we're talking of three,
• 8:53
  Speaker 2: maybe four interest rate rises this year so far since
• 8:56
  Speaker 2: they were elected. Labour's presided over fifty interest rate rises
• 9:01
  Speaker 2: fifty And while he might be able to afford his
• 9:05
  Speaker 2: four million dollar beach home, families with an average mortgage
• 9:09
  Speaker 2: are now paying more than twenty nine thousand dollars extra
• 9:12
  Speaker 2: in interest alone perannum than they were when the Prime
• 9:16
  Speaker 2: Minister was first elected, and that other claim that debt
• 9:20
  Speaker 2: is coming down.
• 9:21
  Speaker 3: Will give me a break.
• 9:23
  Speaker 2: Nine hundred and sixty four point two billion dollars tonight
• 9:28
  Speaker 2: is where our national debt stands, and that doesn't even
• 9:32
  Speaker 2: include state debt. States like the basket case of Victoria,
• 9:37
  Speaker 2: where he's just thrown another four billion dollars into the
• 9:39
  Speaker 2: state's controversial suburban rail link, a train line to nowhere
• 9:43
  Speaker 2: that no one wants other than the corrupt CFMU officials
• 9:48
  Speaker 2: which have siphoned off billions. How is it that just
• 9:52
  Speaker 2: twenty years ago we were debt free and to justify themselves,
• 9:58
  Speaker 2: you are already hearing a lot about intergenerational equity, about fairness,
• 10:03
  Speaker 2: and when you do, remember this from the last man
• 10:06
  Speaker 2: who actually managed to curb government waste and pay off debt.
• 10:12
  Speaker 6: I started talking about intergenerational equity twenty years ago, and
• 10:17
  Speaker 6: it was all about restricting your spending so you didn't.
• 10:21
  Speaker 3: Need higher taxes. That's what they should have been doing tonight.
• 10:26
  Speaker 2: When the Treasurer gets to his feed and tries to
• 10:28
  Speaker 2: make you believe that there was no other option but
• 10:31
  Speaker 2: to break their promise not to touch property taxes, remember
• 10:35
  Speaker 2: this for this Prime minister, for this Treasurer. Breaking promises
• 10:40
  Speaker 2: is not new, It's no once off. Indeed, lying their
• 10:45
  Speaker 2: way to an election win is what labor does best.
• 10:50
  Speaker 6: Voters can expect that there'll be a budget that's consistent
• 10:54
  Speaker 6: with labor values.
• 10:58
  Speaker 2: Absolutely because labor values, lying is the labor way right.
• 11:08
  Speaker 2: It's a big night, as you know in our nation's capital.
• 11:11
  Speaker 3: Let's say now to.
• 11:12
  Speaker 2: Canberra, where most of the parliament are still in the
• 11:14
  Speaker 2: budget lock up. But to get across what we already
• 11:18
  Speaker 2: know is out there, I'm joined by our chief election analyst,
• 11:21
  Speaker 2: Tom Connell. Well, I have to say that the rare
• 11:24
  Speaker 2: mercy Tom, that we are both on the desk tonight
• 11:27
  Speaker 2: means we are not in the lockup. I've spent too
• 11:30
  Speaker 2: many hours locked up over too many years in these
• 11:33
  Speaker 2: budget rounds. The Government's basically put a lot of the
• 11:36
  Speaker 2: bad news out there tonight in terms of the CGT
• 11:38
  Speaker 2: discount and changes to negative gearing. But what else do
• 11:42
  Speaker 2: we know as likely to be in the budget in
• 11:44
  Speaker 2: just over hour's time.
• 11:48
  Speaker 9: Yeah, there's been the usual, Torrent.
• 11:50
  Speaker 13: I must say, I think a lot of it was
• 11:52
  Speaker 13: planned leaks, but I suspect one of the big moments
• 11:55
  Speaker 13: we were supposed to find out for the first time
• 11:57
  Speaker 13: tonight is the working Australian tax offsets, so it's purported
• 12:02
  Speaker 13: to be two ndred and fifty dollars for every Australian
• 12:04
  Speaker 13: who works, so not if you just earn money from investments.
• 12:07
  Speaker 13: And that was leaked a few days ago, so it
• 12:10
  Speaker 13: was believed to be the sort of centerpiece of the
• 12:12
  Speaker 13: new element of the budget tonight. But that's out there now,
• 12:16
  Speaker 13: so that's sort of one of the pros if you like.
• 12:18
  Speaker 13: The government usually wants to hold behind and just have
• 12:21
  Speaker 13: people read the good news tonight and tomorrow look interesting.
• 12:23
  Speaker 13: On housing, we'll find out about capital gains tax and
• 12:26
  Speaker 13: negative gearing. A lot of people waiting to see if
• 12:29
  Speaker 13: there are carveouts for the capital gains tax, for example
• 12:31
  Speaker 13: on small business and innovation and tech companies, because otherwise,
• 12:34
  Speaker 13: well you're going to hear a lot of noise out
• 12:36
  Speaker 13: of those industries if there is not. There is some
• 12:38
  Speaker 13: money for housing to help with the actual supply in
• 12:41
  Speaker 13: terms of infrastructure two billion dollars there, and also half
• 12:45
  Speaker 13: a billion dollars to help speed up approvals. There's also
• 12:49
  Speaker 13: been a lot of announcements and big ones within portfolios.
• 12:52
  Speaker 9: So Defense has basically.
• 12:54
  Speaker 13: Been all covered in a speech to the Press Club,
• 12:56
  Speaker 13: fifty three billion dollars extra over a decade.
• 12:58
  Speaker 9: The ndis going the other way.
• 13:00
  Speaker 13: About thirty five billion is set to be saved over
• 13:03
  Speaker 13: the next four years, although they're going to figure out
• 13:04
  Speaker 13: how they'll do that with the states. I think the
• 13:06
  Speaker 13: big question as well is going to come on the macro,
• 13:09
  Speaker 13: isn't it. Peter, you spoke about inflation. How much of
• 13:12
  Speaker 13: this budget is going to be argued to be inflationary
• 13:15
  Speaker 13: or not. Now Jim Chumers has spoken about net savings overall,
• 13:19
  Speaker 13: how much off the book spending will there be and
• 13:22
  Speaker 13: how much money will actually come out of the economy.
• 13:24
  Speaker 13: And the indi ice is a great example. Yes, it's
• 13:25
  Speaker 13: thirty five billion in savings, but states are supposed to
• 13:28
  Speaker 13: pick up the slack, so it's not thirty five billion
• 13:31
  Speaker 13: dollars out of the economy over the next four years.
• 13:36
  Speaker 2: Well, it's also not thirty nine billion dollars in savings.
• 13:38
  Speaker 2: It's all four cast savings, a contingent as you say,
• 13:42
  Speaker 2: on the states doing X and Y and picking up
• 13:44
  Speaker 2: the slack. It'll be continued on legislation too, Tom. So
• 13:48
  Speaker 2: it's a wish and a hope and a prayer that
• 13:50
  Speaker 2: they'll bring that money in, but of course they'll book
• 13:52
  Speaker 2: it to the budget, so it'll make the budget look way.
• 13:55
  Speaker 3: Way better than it is.
• 13:57
  Speaker 2: So it's a fictitious saving plan saving but not a
• 14:00
  Speaker 2: real saving.
• 14:04
  Speaker 9: Well, it's going to be difficult to achieve. At the
• 14:06
  Speaker 9: very least.
• 14:06
  Speaker 13: Already there's a couple of states pushing back at it.
• 14:10
  Speaker 13: Thriving kids. A lot of people would say, good plan.
• 14:13
  Speaker 13: They like the fact that some of the lower level
• 14:16
  Speaker 13: behavioral needs will be taken out of.
• 14:17
  Speaker 9: What is a very expensive scheme.
• 14:19
  Speaker 13: But yeah, the problem is will it happen and on
• 14:22
  Speaker 13: what time frame?
• 14:23
  Speaker 2: Crucially as well, Okay, CGT if those are changes to
• 14:28
  Speaker 2: the discount, go ahead tonight.
• 14:29
  Speaker 3: If it does acts the fifty percent break.
• 14:32
  Speaker 2: That means we'll have one of the highest rates of
• 14:34
  Speaker 2: capital gains tax in the world. I've got a graphic
• 14:38
  Speaker 2: there on screen so people can see what it means. Now,
• 14:41
  Speaker 2: if the government is going to use this term intergenerational
• 14:44
  Speaker 2: equity and fairness, I think this is pretty laughable because
• 14:48
  Speaker 2: if it is grandfar that as we are told tonight,
• 14:51
  Speaker 2: all the current breaks for investment properties, everyone who's got
• 14:55
  Speaker 2: them now will keep them. And if you're a young
• 14:58
  Speaker 2: person out there now and you thought you might get
• 15:00
  Speaker 2: yourself an investment flat in the future, you won't be
• 15:04
  Speaker 2: able to negative gear it, So tell me how that's fair.
• 15:09
  Speaker 9: Well, that's going to be a big element of this,
• 15:11
  Speaker 9: isn't it.
• 15:11
  Speaker 13: And actually, if you talk about any generation, a lot
• 15:13
  Speaker 13: of old Australians will have got that investment and have
• 15:16
  Speaker 13: it grandfather. As you say, look, I imagine Label will
• 15:19
  Speaker 13: be pointing out indexation and we'll get what we call
• 15:22
  Speaker 13: I don't know, you're for very familiar with these Peter
• 15:25
  Speaker 13: budget cameos, so examples of how long someone might hold
• 15:28
  Speaker 13: an asset and when the indexation might become equal or
• 15:32
  Speaker 13: close to the previous discount.
• 15:34
  Speaker 9: So I'm imagining Label try.
• 15:35
  Speaker 13: To pitch the argument along those lines. I think it's
• 15:38
  Speaker 13: interesting as well. They don't want to talk about the
• 15:41
  Speaker 13: money it's raised very much.
• 15:42
  Speaker 9: They're just saying, give younger people a chance to buy
• 15:45
  Speaker 9: a house.
• 15:45
  Speaker 13: So when your breaker promise this, clearly you're banking on
• 15:50
  Speaker 13: winning an argument. Now, the two big ones in my time,
• 15:53
  Speaker 13: I guess on most obvious ones. The changing of a
• 15:55
  Speaker 13: Stage three income tax cut clearly a broken promise, but
• 15:58
  Speaker 13: it's barely mentioned any or Labor feels al though they
• 16:01
  Speaker 13: won the day. Then you go back further the carbon tax,
• 16:04
  Speaker 13: and that one handled them all the way to the
• 16:06
  Speaker 13: ballot box. So there's the break of the promise obviously matters,
• 16:10
  Speaker 13: and there's how the politics plays after that. So clearly
• 16:12
  Speaker 13: labor's backing themselves to try to break it but still
• 16:16
  Speaker 13: win the argument.
• 16:18
  Speaker 2: Well, that depends on the strength of the cut through
• 16:20
  Speaker 2: from the opposition, of course, to make that broken promise
• 16:24
  Speaker 2: material in the eyes of voters. Just on that tax
• 16:28
  Speaker 2: offset you talk about there, what are they calling it
• 16:31
  Speaker 2: working tax offics offset or something? Two hundred and fifty
• 16:34
  Speaker 2: dollars I just went through on an average mortgage after
• 16:38
  Speaker 2: fifteen rate rises under this government, people are paying on
• 16:42
  Speaker 2: an average and this is extra extra on average twenty
• 16:45
  Speaker 2: nine thousand dollars a year on their mortgage.
• 16:48
  Speaker 3: Because of rising interest rates.
• 16:50
  Speaker 2: Two hundred and fifty dollars against twenty nine thousand barely
• 16:55
  Speaker 2: touches the sides.
• 17:00
  Speaker 13: Other calculation that's being done as well on top of that,
• 17:02
  Speaker 13: Peter is bracket creep. Of course, nobody's or if you
• 17:06
  Speaker 13: compare bracket creep, you know inflation going up.
• 17:08
  Speaker 9: I think that's about four hundred and forty dollars.
• 17:10
  Speaker 13: So the fact inflation's going up, your wage isn't keeping
• 17:14
  Speaker 13: pace with inflation right now, so behind even on that
• 17:17
  Speaker 13: measure working Australian tax offset. So I'm not sure Wao
• 17:22
  Speaker 13: watto quite rolls.
• 17:23
  Speaker 9: Off the tongue.
• 17:24
  Speaker 13: I'm not sure if we'll be abled something else else
• 17:27
  Speaker 13: when we hear the Treasurer emerge from the budget lock.
• 17:30
  Speaker 2: Up tonight, Yeah, it harkens back to Kevin Rhad and
• 17:35
  Speaker 2: his famous working families there, Tom, I know you've got
• 17:38
  Speaker 2: a busy night tonight in and around the circus and
• 17:41
  Speaker 2: you'll come back to me towards the end of the
• 17:44
  Speaker 2: night as we cross to the treasure right. But just
• 17:47
  Speaker 2: on question time today, of course it was Parliament as normal.
• 17:51
  Speaker 2: The Opposition really went hard on broken promises.
• 17:53
  Speaker 3: Have I listened?
• 17:55
  Speaker 14: The Prime Minister has said, quote, my word is my bond.
• 17:59
  Speaker 14: Get Reports in all major newspapers confirm that government, the
• 18:02
  Speaker 14: government is about to impose new taxes. Why should Australians
• 18:06
  Speaker 14: ever trust another commitment this labor government makes. The Prome
• 18:10
  Speaker 14: Minister said, quote for the fiftieth time, that he would
• 18:15
  Speaker 14: not impose new taxes on Australian homes and savings. Why
• 18:21
  Speaker 14: should Australians ever trust another commitment this Labor government makes.
• 18:26
  Speaker 13: Having ruled out these tax changes before the election, you
• 18:29
  Speaker 13: know you did, Prime Minister, But now we all.
• 18:32
  Speaker 9: See the truth.
• 18:33
  Speaker 13: Labour's budget is built on broken promises and higher taxes.
• 18:39
  Speaker 2: And while we're focusing obviously on the Treasurer's speech tonight,
• 18:43
  Speaker 2: of course the Opposition get a reply on Thursday night,
• 18:46
  Speaker 2: and this will be a very important night Thursday night.
• 18:48
  Speaker 2: The response for Angus Taylor, won't it particularly after the weekend?
• 18:55
  Speaker 13: Exactly after the weekend, and the challenge that one nation poses,
• 18:59
  Speaker 13: is it normal?
• 19:00
  Speaker 9: Here are all the things we oppose.
• 19:02
  Speaker 13: Will he feel the need to put more policy out
• 19:05
  Speaker 13: earlier this time? Maybe not all on Thursday, Peter, but
• 19:07
  Speaker 13: a response to housing, perhaps beyond just saying they oppose
• 19:11
  Speaker 13: the changes. So I think that's what's interesting about the
• 19:13
  Speaker 13: challenge for the opposition right now, how much to get
• 19:15
  Speaker 13: out there earlier than normal.
• 19:18
  Speaker 3: We will watch it.
• 19:19
  Speaker 2: I'll come back to you, as I say, enjoy the
• 19:20
  Speaker 2: rest of It's an interregnum, Tom, I'm sure you'll have
• 19:24
  Speaker 2: something to tell me when we catch up again. The
• 19:26
  Speaker 2: corridors are very interesting on budget night. All right, before
• 19:29
  Speaker 2: we go to my next scares. Thank you Tom. We
• 19:31
  Speaker 2: had our reporters get out in the streets today to
• 19:33
  Speaker 2: get your early reactions to tonight's budget and what you
• 19:36
  Speaker 2: think the government should be focused on.
• 19:39
  Speaker 15: I would like nothing to be changed for the federal budget.
• 19:43
  Speaker 15: Just keep property the way it is. Why is that
• 19:46
  Speaker 15: because usually when governments interfere with the property market usually
• 19:50
  Speaker 15: doesn't have a good positive effect. Like the first home
• 19:53
  Speaker 15: Buyer scheme really helps first home buyers right.
• 19:57
  Speaker 9: Now, but in the long run, it's not going to
• 20:00
  Speaker 9: be good for the future.
• 20:01
  Speaker 15: First home by its policy is not the way to
• 20:03
  Speaker 15: do it. If you want to fix the housing market,
• 20:06
  Speaker 15: you've got to work on supply and demand. Supply is
• 20:09
  Speaker 15: building more properties, and demand is the I guess the
• 20:13
  Speaker 15: increased population.
• 20:14
  Speaker 9: So yeah, that's what you.
• 20:16
  Speaker 16: Got to do.
• 20:16
  Speaker 15: Don't don't touch policy.
• 20:17
  Speaker 17: Less taxes, more fuel, more Australian jobs. That'd be a
• 20:21
  Speaker 17: good start. Some immigrants that are coming in here there
• 20:24
  Speaker 17: breaking the laws and home get a bit on board
• 20:27
  Speaker 17: with the Algie way instead of every other way.
• 20:30
  Speaker 3: I think life has got better or worse.
• 20:32
  Speaker 17: Worse words.
• 20:34
  Speaker 18: It's food, it's medical bills, it's insurance, it's how am
• 20:38
  Speaker 18: you know?
• 20:39
  Speaker 3: I have to move house?
• 20:40
  Speaker 9: Where am I going to go to? It's all that
• 20:41
  Speaker 9: sort of stuff. It's all those.
• 20:42
  Speaker 19: Things currently doing made a pomer of nursing and just
• 20:45
  Speaker 19: catching the bast The cost of living is going up.
• 20:47
  Speaker 13: Sometimes it's very hard for me to be on my
• 20:50
  Speaker 13: expense at like cool housing.
• 20:53
  Speaker 14: There's a lot of people that are really struggling and
• 20:56
  Speaker 14: finding it hard to get things done.
• 20:57
  Speaker 9: Is expensive, No cuity is expensive.
• 21:00
  Speaker 3: Renting is so much expensive.
• 21:07
  Speaker 2: They shrewd, aren't they. Particularly guy at the top there
• 21:09
  Speaker 2: with the black hat on the Halle Hanson hat really
• 21:12
  Speaker 2: picked up the policy conundrum here. And of course that
• 21:15
  Speaker 2: impact we saw when Paul Keating in the Keating era
• 21:18
  Speaker 2: changed negative gearing. Well eighteen months later they had to
• 21:22
  Speaker 2: reverse that because rent went.
• 21:24
  Speaker 3: Through the roof.
• 21:26
  Speaker 2: They went through the roof, and that really impacted housing
• 21:29
  Speaker 2: supply and stocks. All right, I want to just play
• 21:32
  Speaker 2: some very sad news today. We're an experienced Army soldier,
• 21:37
  Speaker 2: Australian Army soldier from the SSAAR the Special Service Regiment,
• 21:43
  Speaker 2: died during a training accident at Jervis Bay. Cam Redden
• 21:47
  Speaker 2: has the details.
• 21:49
  Speaker 20: Warrant Officer second Class Lachlan Muddel was a more than
• 21:52
  Speaker 20: thirty year veteran of the Australian Army when he was
• 21:54
  Speaker 20: killed during a parachute training accident at Jarvis Bay last night.
• 22:00
  Speaker 20: Highly regarded within our community, he was skilled, professional and
• 22:05
  Speaker 20: he'll be remembered for his sense of humor and his
• 22:08
  Speaker 20: genuine and deep commitment to serving the nation, serving an
• 22:12
  Speaker 20: army and serving in the Special Air Service Regiment. Late
• 22:16
  Speaker 20: Monday evening, Warrant Officer Muddle was taking part in an
• 22:19
  Speaker 20: exercise at the Jarvis Bay Airfield when he collided with
• 22:22
  Speaker 20: another paratrooper in mid air.
• 22:24
  Speaker 21: What we know of the incident suggests that both paratroopers
• 22:28
  Speaker 21: collided several hundred feet above the ground whilst they were
• 22:32
  Speaker 21: maneuvering towards the drop zone. After the collision, both soldiers
• 22:39
  Speaker 21: fell from height. Warrant Officer Lachland Muddle received fatal injuries
• 22:45
  Speaker 21: as a result of the four.
• 22:46
  Speaker 20: The second unnamed paratrooper sustained minor injuries from the fall
• 22:51
  Speaker 20: and provided first aid to his mate.
• 22:53
  Speaker 21: Both paratroopers were highly skilled. Between the two of them,
• 22:57
  Speaker 21: they had several thousand jumps to their coredit.
• 23:00
  Speaker 22: Locker Mudel was an expert sniper. He was a deeply
• 23:05
  Speaker 22: experienced Special Forces soldier and he is very much remembered
• 23:11
  Speaker 22: for his humor and his commitment to service.
• 23:16
  Speaker 20: In response to this latest tragic death, the Australian Defense
• 23:19
  Speaker 20: Force has paused all parachute activity until a full investigation
• 23:22
  Speaker 20: can be carried out.
• 23:24
  Speaker 2: Sincere condolences to his family and of course all of
• 23:28
  Speaker 2: his military colleagues. Okay, before we dive into the issues
• 23:31
  Speaker 2: of ministerial travel rards, I just want to bring in
• 23:34
  Speaker 2: Shadow Communications Minister Sarah Henderson to discuss that, but also
• 23:39
  Speaker 2: this incredible speech this afternoon from Jacinta nampajimproprise her colleague
• 23:44
  Speaker 2: who she was sitting next to in the chamber. Senator welcome,
• 23:48
  Speaker 2: I've got your center on the program in a moment.
• 23:50
  Speaker 2: But as I said at the top of the show,
• 23:52
  Speaker 2: there are moments when you see and hear something historic
• 23:57
  Speaker 2: in that place, when a speech has cut through. We
• 24:00
  Speaker 2: had one of those moments today. You were sitting right
• 24:03
  Speaker 2: beside her in the chamber. Give us a sense of
• 24:06
  Speaker 2: the feeling in that room, because for me it was
• 24:09
  Speaker 2: palpable through the TV. It was incredible for those in
• 24:13
  Speaker 2: her vicinity.
• 24:14
  Speaker 23: Though Peter just sent is a very good friend of mine.
• 24:21
  Speaker 23: I sit next to her in the Parliament, and that
• 24:25
  Speaker 23: was the most incredible speech I have ever heard in
• 24:28
  Speaker 23: the Parliament. It was so grueling to hear what she
• 24:32
  Speaker 23: had to say as such anguish the way that she
• 24:35
  Speaker 23: spoke about the need to speak with truth and honesty
• 24:39
  Speaker 23: about the dysfunction and the abuse and the horrific levels
• 24:44
  Speaker 23: of violence and alcoholism in many of these communities, in
• 24:49
  Speaker 23: Aboriginal communities, it was so gout wrenching. And all I
• 24:54
  Speaker 23: can say is that I hope that our colleagues on
• 24:58
  Speaker 23: the other side of the chamber will at not just
• 25:01
  Speaker 23: continue to.
• 25:02
  Speaker 10: Drive their ideological obsession.
• 25:05
  Speaker 23: As she says, this is not about culture first and foremost. Yes,
• 25:10
  Speaker 23: culture is important, but number one is the safety of children.
• 25:15
  Speaker 23: Number one is protecting children's safety and well being and
• 25:20
  Speaker 23: making sure that we can give them the best opportunities
• 25:23
  Speaker 23: in life. I have to say I was disgusted by
• 25:27
  Speaker 23: some of the Labor senators on the other side of
• 25:29
  Speaker 23: the chamber when they spoke on the condolence motion.
• 25:32
  Speaker 10: They talked about this little.
• 25:34
  Speaker 23: Child's family and they did not even acknowledge to Sinta
• 25:39
  Speaker 23: in the chamber she's an aunt and I am so
• 25:43
  Speaker 23: disgusted by the likes of Senator Stewart and Thorpe and Cox,
• 25:47
  Speaker 23: all Aboriginal women who spoke about this and never even
• 25:51
  Speaker 23: acknowledged Jacinta. But all I can say with Peter is
• 25:55
  Speaker 23: I know and I trust that we are so motivated,
• 25:58
  Speaker 23: we are so angry. We need an inquiry, we need accountability,
• 26:02
  Speaker 23: and we need to ensure that every child is safe
• 26:06
  Speaker 23: in an Aboriginal community.
• 26:09
  Speaker 2: Beautifully said as I said, I'll speak to Senator Price
• 26:12
  Speaker 2: a little later. Let's go now to that travel scandal.
• 26:15
  Speaker 2: It's still dogging the communications Minister Arnika Wells. You've accused
• 26:20
  Speaker 2: her of secrecy and entitlement after more questions emerged about
• 26:25
  Speaker 2: whether a birthday party that she went to constituted official
• 26:29
  Speaker 2: ministerial business. Now she claims it does because in the
• 26:34
  Speaker 2: margins of that friend's fortieth birthday party, she says she
• 26:38
  Speaker 2: spoke to a South Australian state minister. She later then
• 26:42
  Speaker 2: said that that was justification to stay overnight on the
• 26:45
  Speaker 2: taxpayer because this discussion, what I don't know, over the
• 26:48
  Speaker 2: sausage rolls or beside the DJ somehow was an official meeting.
• 26:53
  Speaker 2: Now she's really come unstuck here though, because that South
• 26:56
  Speaker 2: Australian State MP who allege was a part of his
• 27:00
  Speaker 2: birthday meeting. Well, he is refusing to corroborate her story. Now, surely,
• 27:08
  Speaker 2: Sarah Henderson, she can't survive.
• 27:10
  Speaker 23: Now she cannot survive. The Prime Minister Peter must stand down.
• 27:19
  Speaker 23: Anika Whirls. It is clear she has not told the
• 27:22
  Speaker 23: truth to the Independent Parliamentary Expenses Authority. She told IPIARE
• 27:27
  Speaker 23: that she had an official ministerial meeting. She then changed
• 27:32
  Speaker 23: her tune and said it was later in the evening
• 27:34
  Speaker 23: at an event. We know that event was a birthday party.
• 27:37
  Speaker 23: It was the birthday part party of the South Australian
• 27:40
  Speaker 23: minister's wife. It defies belief that she went along and
• 27:44
  Speaker 23: suddenly on the sidelines held an official meeting and the
• 27:48
  Speaker 23: South Australian Defense Minister Chris Picton has effectively thrown her
• 27:52
  Speaker 23: under the bus. He won't corroborate her version of events.
• 27:57
  Speaker 23: He did say belatedly that.
• 27:59
  Speaker 10: They met, but the Adelaide Advertiser reported this as an
• 28:03
  Speaker 10: informal chat. This does not cut the mustard. This is
• 28:06
  Speaker 10: a root.
• 28:07
  Speaker 23: She's not entitled to claim to go away for a
• 28:10
  Speaker 23: weekend to a friend's birthday party, and the Prime Minister
• 28:14
  Speaker 23: must investigate. He has no option, Peter, but to stand
• 28:18
  Speaker 23: down this hapless minister.
• 28:20
  Speaker 10: Just days ago he was.
• 28:21
  Speaker 23: Defending her over four separate breaches of her travel entitlements.
• 28:26
  Speaker 10: Well, this is beyond the pale.
• 28:28
  Speaker 23: The Prime Minister must act or he is complicit in
• 28:31
  Speaker 23: this really sordid affair.
• 28:35
  Speaker 2: Yeah, I'm just looking at footage. I've got running of
• 28:37
  Speaker 2: her on the screen, Sarah Henna, since she loves a
• 28:39
  Speaker 2: bit of scanner than Theodore so do. I that's a
• 28:41
  Speaker 2: clothing label, except I pay for mine out of my
• 28:44
  Speaker 2: own pocket. I noticed some of the clothes that she
• 28:47
  Speaker 2: wears are close to a thousand dollars for a dress.
• 28:51
  Speaker 2: Yet a hotel room in Adelaide might cost her what
• 28:53
  Speaker 2: three or four hundred dollars? Why can't she pay for
• 28:56
  Speaker 2: that out of her own pocket? I mean, she earns
• 28:59
  Speaker 2: close to four hundred thousand dollars a year. Why can't
• 29:03
  Speaker 2: she just pay her own hotel room?
• 29:09
  Speaker 10: Well, I just don't know.
• 29:10
  Speaker 23: Of course, she took a business class return flights from
• 29:13
  Speaker 23: Brisbane to Adelaide and back again on that weekend.
• 29:16
  Speaker 10: Belatedly, the minister's offers last.
• 29:19
  Speaker 23: Night was briefing out that she actually paid for her
• 29:22
  Speaker 23: accommodation on the Saturday night.
• 29:24
  Speaker 10: Well, to me, that implicates her. She obviously felt guilty.
• 29:28
  Speaker 23: In in claiming for the accommodation, but she was very
• 29:31
  Speaker 23: happy on the taxpayer's purse to fly back business class
• 29:35
  Speaker 23: the next day. So it's very clear to me that
• 29:38
  Speaker 23: she has not told the truth to IPIA. She has
• 29:42
  Speaker 23: wroughted her travel entitlements and frankly Australians have had enough.
• 29:47
  Speaker 23: This Prime Minister promised accountability, he promised transparency, He promised
• 29:52
  Speaker 23: he would act in the best interests of Australians. And
• 29:56
  Speaker 23: if he does not act on this and stand her down,
• 30:00
  Speaker 23: then he is absolutely implicated in this, As I say,
• 30:04
  Speaker 23: sordid affair.
• 30:07
  Speaker 2: This in Tailment's body, Sarah, it's a croc. I mean,
• 30:10
  Speaker 2: it's a truthless tiger. Obviously.
• 30:15
  Speaker 23: Well, they did investigate this, and they actually ask further
• 30:19
  Speaker 23: questions of the minister.
• 30:21
  Speaker 10: They asked her when her.
• 30:22
  Speaker 23: Parliamentary business finished on that evening, and she answered it
• 30:27
  Speaker 23: finished at seven forty five pm, after she'd concluded meeting
• 30:32
  Speaker 23: with the minister. It defies belief. It doesn't stack up.
• 30:36
  Speaker 23: She was at a boozy birthday party, Peter. She was
• 30:39
  Speaker 23: at the birthday party of the minister's wife. They were
• 30:43
  Speaker 23: all blowing out the candles. She's blowing up her credibility.
• 30:47
  Speaker 23: I don't blame Ipia if she's not told Ipia the truth.
• 30:52
  Speaker 23: But now she's been caught out because Chris Pickton won't
• 30:55
  Speaker 23: back her story in she told Parliament today. And I
• 30:59
  Speaker 23: will just have a quick look at this because I
• 31:02
  Speaker 23: think very very close to misleading parliament. She certainly hoodwinked
• 31:07
  Speaker 23: the Parliament when she said that. I also note Minister
• 31:11
  Speaker 23: Picton has confirmed that series of events in a series
• 31:15
  Speaker 23: of media outlets.
• 31:16
  Speaker 10: No, he hasn't. That's completely false.
• 31:19
  Speaker 23: He simply said, well they've saw her or he met
• 31:22
  Speaker 23: her that night.
• 31:24
  Speaker 10: Thanks very much.
• 31:25
  Speaker 9: Better.
• 31:26
  Speaker 2: Well leave it there, Sarah, but you will pursue it
• 31:28
  Speaker 2: and I'll keep watching it and playing it out here
• 31:30
  Speaker 2: on sky.
• 31:30
  Speaker 3: Thank you very much. All right, after the break, but.
• 31:33
  Speaker 2: Emotional speech today from to Center Nampa Jimproprice as she
• 31:37
  Speaker 2: tore into labor and the professional Aboriginal class who received
• 31:41
  Speaker 2: billions to deliver services to her community but clearly do
• 31:45
  Speaker 2: not deliver. There are speeches, as I said, that will
• 31:48
  Speaker 2: stand the time and history. That was one of them
• 31:57
  Speaker 2: welcome back coming up? Well, what now for the remaining
• 31:59
  Speaker 2: Ice women in Syria? As media reports say they now
• 32:03
  Speaker 2: fear arrest if they return. Thirty four passports Australian passports
• 32:08
  Speaker 2: were handed out in January, so how many more will
• 32:11
  Speaker 2: arrive back here? The first senator just into Nampijiber Price
• 32:15
  Speaker 2: has delivered a blistering and emotional address in the Senate today,
• 32:20
  Speaker 2: paying a tribute to her niece, little five year old Sharon,
• 32:23
  Speaker 2: who was allegedly murdered in Alice Springs last month.
• 32:27
  Speaker 3: It was a powerful call to action.
• 32:30
  Speaker 4: I don't want to be right here right now to
• 32:34
  Speaker 4: have to stand in this chamber to deliver a condole
• 32:39
  Speaker 4: of speech for a little girl in my family, Sharon
• 32:46
  Speaker 4: Knappnonger Granites. I read her name into the history books
• 32:52
  Speaker 4: today in her honor. My niece was a little Australian girl.
• 32:57
  Speaker 4: Yet there is an ideology in this country that has
• 33:00
  Speaker 4: deliberately encourage people to treat children like her differently because
• 33:03
  Speaker 4: of her racial heritage and town camps many people romanticize
• 33:09
  Speaker 4: have become places of entrenched dysfunction, places where alcohol restrictions
• 33:13
  Speaker 4: They exist on paper, but they're routinely ignored, places where
• 33:17
  Speaker 4: over crowding, violence, criminal behavior have become normalized, places where
• 33:21
  Speaker 4: vulnerable women and children are too.
• 33:22
  Speaker 3: Often left unprotected.
• 33:25
  Speaker 4: And while billions continue to flow through indigenous programs, organizations
• 33:29
  Speaker 4: and bureaucracies, Australians are entitled to ask a simple question.
• 33:33
  Speaker 3: Where are the outcomes?
• 33:35
  Speaker 4: We cannot continue pretending that lowering expectations for Aboriginal children
• 33:39
  Speaker 4: is compassion.
• 33:40
  Speaker 5: It's not compassion, it's neglect. It's the racism of low expectations.
• 33:46
  Speaker 4: It's become deeply embedded in parts of our constitution institutions.
• 33:52
  Speaker 4: And yes, culture matters, but no child should be sacrificed
• 33:56
  Speaker 4: and the altar of culture or political correctness.
• 34:01
  Speaker 10: Sharon was not a statistic.
• 34:04
  Speaker 8: She's a child.
• 34:06
  Speaker 10: She was part of my family, she was part of
• 34:08
  Speaker 10: this nation.
• 34:10
  Speaker 4: She deserved the same safety, dignity and opportunities every Austrained child.
• 34:14
  Speaker 2: Sirs just entire price joins me. Now, I'm sorry to
• 34:21
  Speaker 2: have to play that all again for you, but I'm
• 34:23
  Speaker 2: not sorry for my audience to Center, because, as I said,
• 34:26
  Speaker 2: that was one of the most powerful speeches in that
• 34:28
  Speaker 2: place I have ever witnessed. You've said you want a
• 34:33
  Speaker 2: Royal commission inter sexual abuse for Aboriginal women and girls.
• 34:37
  Speaker 3: Rejected by labor.
• 34:38
  Speaker 2: You want an order of the thirty billion dollars we
• 34:41
  Speaker 2: spend to do better for girls like Sharon again rejected.
• 34:46
  Speaker 2: So how can labor in the Green say they care
• 34:49
  Speaker 2: when they are not listening to these basic demands.
• 34:56
  Speaker 4: They don't care. It's that simple, bitter Labor don't care.
• 35:01
  Speaker 4: The Greens don't care. Those crossbenches that sit with them,
• 35:07
  Speaker 4: they don't care because it's simple. They don't have to
• 35:11
  Speaker 4: They don't have to bury their loved ones. They don't
• 35:13
  Speaker 4: have to be in a place like Alice Springs, they
• 35:17
  Speaker 4: don't have to spend time in town camps or remote communities.
• 35:21
  Speaker 4: They can live their lives elsewhere in this country, completely
• 35:25
  Speaker 4: out of sight and out of mind of what is
• 35:28
  Speaker 4: actually going on. And they can continue to ignore the problem,
• 35:31
  Speaker 4: and they can continue to be complicit in the ongoing
• 35:37
  Speaker 4: sacrificing of our children in this country, Aboriginal kids, because
• 35:41
  Speaker 4: of ideology. That's ultimately it's come very easy for them
• 35:47
  Speaker 4: to do this, and that's what they will continue to do.
• 35:50
  Speaker 10: And that is why I.
• 35:52
  Speaker 4: Call upon the Australian people to call them out. You know,
• 35:55
  Speaker 4: right to your local MP, right to the Prime Minister
• 36:00
  Speaker 4: demand action.
• 36:01
  Speaker 3: This has to stop. It can't keep going.
• 36:04
  Speaker 4: I'm I'm going to keep fighting until there is action.
• 36:08
  Speaker 4: But it's demoralizing, Peter, It's absolutely draining and demoralizing.
• 36:14
  Speaker 3: It's heartbreaking.
• 36:16
  Speaker 2: It's heartbreaking, and I think what people don't understand just
• 36:19
  Speaker 2: center is that to really tackle this, you've got to
• 36:22
  Speaker 2: tackle all of the Aboriginal economy, if I can call
• 36:26
  Speaker 2: it that. These institutions, these Aboriginal corporations that run the
• 36:31
  Speaker 2: town camps, they get plenty of money.
• 36:34
  Speaker 3: The money doesn't hit the ground.
• 36:36
  Speaker 2: You saw how families are living, You saw how little
• 36:39
  Speaker 2: girls are living, you see how women are living. It's
• 36:43
  Speaker 2: a lot of big men around the Aboriginal culture who
• 36:46
  Speaker 2: put the money in their pockets. It doesn't hit the ground.
• 36:49
  Speaker 2: So is labor and the Greens. I'm not saying whether
• 36:52
  Speaker 2: they're brave enough, because clearly they're not. But they are
• 36:54
  Speaker 2: they even capable about calling out some of this entrenched corruption.
• 37:00
  Speaker 3: That's my problem.
• 37:04
  Speaker 4: Well, I don't think they are, because as long as
• 37:06
  Speaker 4: it exists, they can gain power ultimately. I mean, you know,
• 37:12
  Speaker 4: I mean the thing that I saw at the vigil
• 37:14
  Speaker 4: in my hometown was it was a blatant promotion of
• 37:20
  Speaker 4: aboriginal organizations. That's that's what it came to. You know
• 37:26
  Speaker 4: that that moment was about my niece. You know, the
• 37:31
  Speaker 4: most I think moving part of that whole vigil were
• 37:37
  Speaker 4: the hemans Burg women singing, you know, singing for that
• 37:41
  Speaker 4: little girl. But you see it over and again, the
• 37:44
  Speaker 4: gatekeepers all lock in with one another, the organizations, The
• 37:48
  Speaker 4: heads of these organizations, they defend their patch. They don't
• 37:54
  Speaker 4: want to lose their funding, they don't want to lose
• 37:56
  Speaker 4: their power, they don't want to lose their influence, and
• 38:00
  Speaker 4: ultimately they would rather point blame elsewhere. And in this situation,
• 38:05
  Speaker 4: there isn't a white perpetrator to get enraged about and
• 38:12
  Speaker 4: to protest about. So it's like, now's not the time
• 38:15
  Speaker 4: to talk. Now's not the time to say anything, everybody.
• 38:19
  Speaker 4: You know, we've all got to be just grieving. But ultimately,
• 38:23
  Speaker 4: this is about a continuation of the silencing that we've
• 38:25
  Speaker 4: already had and I'm not going to stand for it.
• 38:28
  Speaker 2: Well and more than that, you know, I called out
• 38:30
  Speaker 2: some of these organizations and elders in my column on
• 38:33
  Speaker 2: the weekend where they said to even have this debate now,
• 38:36
  Speaker 2: to even debate what we're debating tonight, the issue of
• 38:39
  Speaker 2: town camps, the treatment of little kids is racist, it's insensitive.
• 38:46
  Speaker 2: We shouldn't do any of this around the whole issue
• 38:48
  Speaker 2: of sorry business. But if we are not going to
• 38:50
  Speaker 2: talk about it now, if we don't talk about it tonight,
• 38:52
  Speaker 2: if we don't talk about it immediately, then there will
• 38:55
  Speaker 2: be another Little Sharon Friday night and Saturday night next
• 38:59
  Speaker 2: week or next month. That's the problem precisely.
• 39:05
  Speaker 4: And as I said, there wouldn't be these calls if
• 39:08
  Speaker 4: there was a white perpetrator involved.
• 39:11
  Speaker 3: There would be outrage, there.
• 39:12
  Speaker 4: Would be a continuation of protests right around the country.
• 39:15
  Speaker 4: There wouldn't be a call for silence. You know, we
• 39:21
  Speaker 4: can't we can't silence women and we can't silence children.
• 39:25
  Speaker 3: But this is what we see.
• 39:27
  Speaker 4: Occur over and again. The vulnerable become silenced. You know,
• 39:33
  Speaker 4: some figureheads come out and become the spokespeople for this situation,
• 39:37
  Speaker 4: but ultimately, you know, this government, the labor government, then
• 39:42
  Speaker 4: like to co opt families and pretend to become voice
• 39:46
  Speaker 4: pieces for families and speak on behalf of everybody, and
• 39:50
  Speaker 4: organizations with unelected individuals become mouthpieces and they want to
• 39:56
  Speaker 4: avoid the really bloody tough questions and we have to
• 39:59
  Speaker 4: start asking them. And I'm so pleased that the media
• 40:02
  Speaker 4: are capturing onto the fact that you know, there's tongue
• 40:05
  Speaker 4: to your accouncil who are given millions of dollars twenty
• 40:09
  Speaker 4: four million dollars going toward just over two hundred staff.
• 40:14
  Speaker 4: I mean, and the squalor that Aboriginal people live in
• 40:19
  Speaker 4: the unsafe environments that they wouldn't put their own children
• 40:23
  Speaker 4: in the staff of these organizations, wouldn't have their own
• 40:26
  Speaker 4: children living in these circumstances, So we should not expect
• 40:31
  Speaker 4: that for any child in this country.
• 40:35
  Speaker 2: Well, my dear friend, before we go, I know it's
• 40:37
  Speaker 2: your birthday today, and I know it's been a gruelly,
• 40:40
  Speaker 2: incredibly tough day, but I just want to say, on
• 40:42
  Speaker 2: behalf of all of my lists, you did your little
• 40:47
  Speaker 2: niece proud this afternoon. Just center God bless happy birthday.
• 40:51
  Speaker 2: I'm going to catch up soon, thanks, Peter, beautiful girl.
• 40:58
  Speaker 2: All right after break more isis women look to return
• 41:02
  Speaker 2: to Australia as reports emerge about how much welfare some
• 41:06
  Speaker 2: of these women will get when they get back to Australia.
• 41:13
  Speaker 3: Welcome back.
• 41:14
  Speaker 2: We're going across to London in a moment. He's just
• 41:17
  Speaker 2: hanging on Kirs Darma, but it won't be long. I'll
• 41:19
  Speaker 2: give you the tip and we'll also talk to Judobank
• 41:23
  Speaker 2: economist Warren Hogan. He's been pretty tough on the government
• 41:26
  Speaker 2: about the budget as we count down to its delivery
• 41:29
  Speaker 2: at seven thirty tonight. You'll stay with me all the
• 41:32
  Speaker 2: way through. But now to the latest in relation to
• 41:34
  Speaker 2: the women of Islamic State. With reports at recent charges
• 41:37
  Speaker 2: over alleged slavery and terrorism offenses for the three women
• 41:41
  Speaker 2: who return here last week has triggered fear amongst those
• 41:44
  Speaker 2: remaining in Syria. It comes a bit growing scrutiny over
• 41:48
  Speaker 2: whether Australia should continue to repatriate anyone linked to Islamic
• 41:52
  Speaker 2: State here. To discuss it in more shadow Home Affairs
• 41:55
  Speaker 2: Minister Senator Jonathan Dunham Well Senator Dunney, and we know,
• 41:59
  Speaker 2: of course that there were some thirty four passports handed
• 42:03
  Speaker 2: out at the start of the year. Do you think
• 42:06
  Speaker 2: this latest round of arrests will have a material difference,
• 42:10
  Speaker 2: will act as a deterrant on these other.
• 42:13
  Speaker 8: Women, Peter, these women who support ISIS, the terrorist organization.
• 42:24
  Speaker 8: It's amazing that They're talking about the fear and anxiety
• 42:27
  Speaker 8: they feel about the application of the law against people
• 42:30
  Speaker 8: who allegedly have committed these heinous crimes and are now
• 42:35
  Speaker 8: being charged in Australia.
• 42:36
  Speaker 9: The fear that they have. What about the Australian people.
• 42:39
  Speaker 8: Who are here, wondering where these people might eventually end up,
• 42:44
  Speaker 8: will they be in their community, what risk they might
• 42:46
  Speaker 8: pose to the safety of them and those around them. Look,
• 42:50
  Speaker 8: will this have a material effect?
• 42:52
  Speaker 9: Well, I hope it does.
• 42:53
  Speaker 8: I hope the government see the problems that arise out
• 42:57
  Speaker 8: of having this red carpet approach to bringing the Arsis
• 43:01
  Speaker 8: brides back. They did the biometric testing, they gave them
• 43:04
  Speaker 8: the passports. They've with another nudge and no nod wink
• 43:09
  Speaker 8: wink approach that Tony Burke took with Jamal RIFFI to
• 43:13
  Speaker 8: get these people back into Australia.
• 43:14
  Speaker 9: They brought them here.
• 43:15
  Speaker 8: No matter what they say, they have facilitated this. They
• 43:19
  Speaker 8: may not have purchased the air tickets, but they did nothing.
• 43:22
  Speaker 9: To stop them.
• 43:22
  Speaker 8: So I hope that the fracas that has been well
• 43:27
  Speaker 8: observed here and the community your action that I think
• 43:29
  Speaker 8: will ensue, will have this government change its mind. But
• 43:33
  Speaker 8: I think you know as well as I do, they'll
• 43:35
  Speaker 8: just plow on and allow the other ones to come back, who,
• 43:37
  Speaker 8: by all reports, are more extreme than the ones that
• 43:41
  Speaker 8: are here now. So God help us if Labor really
• 43:44
  Speaker 8: want to bring these people back into Australia.
• 43:46
  Speaker 2: Okay, well, just on that point, we already know that
• 43:48
  Speaker 2: one of these women, the government sought a temporary exclusion
• 43:52
  Speaker 2: in order to keep her out of Australia.
• 43:54
  Speaker 3: That was granted.
• 43:55
  Speaker 2: If there was enough evidence to arrest three women when
• 43:59
  Speaker 2: they arrived last Thursday, why there wasn't that evidence used
• 44:03
  Speaker 2: to impose other temporary exclusion or does it keep them
• 44:07
  Speaker 2: all out?
• 44:10
  Speaker 8: That's exactly the question we've been asking every day since
• 44:16
  Speaker 8: the fact that, as you say, there was a brief
• 44:18
  Speaker 8: of evidence that law enforcement authorities and intelligence agencies had
• 44:22
  Speaker 8: been able to pull together, and they relate to crimes
• 44:26
  Speaker 8: that weren't misdemeanors. It wasn't shoplifting or vandalism. It was
• 44:31
  Speaker 8: crimes against humanity of the worst variety. And we're going
• 44:34
  Speaker 8: to hear a lot more about that over the course
• 44:36
  Speaker 8: of time, and terror related offenses as well, pretty serious offenses.
• 44:41
  Speaker 8: That is enough, and I would argue, and I heard
• 44:44
  Speaker 8: Mike Pazzulo ask a very similar question to constitute grounds
• 44:49
  Speaker 8: for a temporary exclusion order or indeed some of the
• 44:52
  Speaker 8: powers under the Passport Act in terms of revoking or
• 44:56
  Speaker 8: refusing condissuance of a travel document yet section twelve, as
• 45:01
  Speaker 8: you will know, and you've previously talked about Section fourteen
• 45:04
  Speaker 8: as well. So this is something that we're going to
• 45:08
  Speaker 8: have a hell of a time at estimates trying to
• 45:10
  Speaker 8: understand how they did not have enough evidence or information
• 45:14
  Speaker 8: to be able to prevent them from coming back, but
• 45:16
  Speaker 8: instead allowed them to come back here to be a
• 45:19
  Speaker 8: problem for this country, for the taxpayers of this nation,
• 45:23
  Speaker 8: and goodness knows where it's going to end. But if
• 45:25
  Speaker 8: there are another one, right, let's talk twenty one thirty.
• 45:28
  Speaker 2: Four, yes, and be about that. Let's talk about taxpayers there,
• 45:35
  Speaker 2: because I want to know are they accessing legally the
• 45:39
  Speaker 2: three women that are already here. You talk then about
• 45:42
  Speaker 2: the biometric testing, the DNA testing that would have required
• 45:46
  Speaker 2: officials to be sent to Syria, swabs taken, analysis done.
• 45:51
  Speaker 2: Of course, the passports were there. We know there was
• 45:54
  Speaker 2: a report in the Herald Sun that those coming back
• 45:57
  Speaker 2: to Australia will be entitled to rent assistance and welfare
• 46:01
  Speaker 2: support family support forty eight thousand dollars a year.
• 46:04
  Speaker 3: That's more than we pay our pensioners.
• 46:07
  Speaker 2: Do you think Australians understand that this will not even
• 46:10
  Speaker 2: counting these deradicalization programs too. This will cost Australian tax
• 46:15
  Speaker 2: payers millions and millions of dollars to host these women
• 46:20
  Speaker 2: who left to join a terrorist organization.
• 46:26
  Speaker 8: And that's the most important part PISA here is the
• 46:30
  Speaker 8: choice that these women made. They're not innocent conscriptees who
• 46:36
  Speaker 8: were forced to do.
• 46:37
  Speaker 9: Something against their will. I don't buy that they went.
• 46:40
  Speaker 8: They chose to support the death cults, and so I
• 46:43
  Speaker 8: feel that it is unbelievable that anyone would say, oh,
• 46:47
  Speaker 8: we've got to afford them justice under Australian law. They
• 46:50
  Speaker 8: hate the rule of law. That's why they went to
• 46:52
  Speaker 8: join ISIS.
• 46:53
  Speaker 9: But to costs.
• 46:55
  Speaker 8: I mean it claims that there could be costs of
• 46:57
  Speaker 8: up to two million dollars per annum per issis bribe,
• 47:01
  Speaker 8: per arsis supporter when it comes to monitoring and security arrangements.
• 47:06
  Speaker 8: I mean, that's an enormous amount of money for the
• 47:08
  Speaker 8: three women. Of four women who've come here, three of
• 47:12
  Speaker 8: course facing charges that's you know, six eight million.
• 47:15
  Speaker 9: Dollars between them.
• 47:16
  Speaker 8: Goodness knows for the kids this deradicalization program, which is
• 47:20
  Speaker 8: non compulsory of course, so what's the point. And then
• 47:24
  Speaker 8: of course welfare. So here we are costs of living crisis.
• 47:27
  Speaker 8: We're going to be cutting left, right and center in
• 47:29
  Speaker 8: tonight's budget. But don't worry, big pot of gold to
• 47:33
  Speaker 8: fund the life of these people that turn their backs
• 47:36
  Speaker 8: on our country. Have made zero contribution to our nation.
• 47:40
  Speaker 8: They have not been paying taxes. But your viewers are
• 47:43
  Speaker 8: going to be paying their taxes to support these people
• 47:46
  Speaker 8: who don't.
• 47:47
  Speaker 9: Like, or love or respect our country in any way.
• 47:51
  Speaker 3: Keep up the fight, said at the Daddi amano.
• 47:53
  Speaker 2: There are a lot of angry Australians watching this very closely,
• 47:57
  Speaker 2: and I think this will be part of the reckoning
• 47:59
  Speaker 2: that the Prime Minister and Labor will face, as well
• 48:02
  Speaker 2: as what's announced later tonight. Thank you all right after
• 48:05
  Speaker 2: the break, more on the washop of the Pharaoh by election.
• 48:09
  Speaker 2: More commentary to from an appalling Prime Minister who loves
• 48:13
  Speaker 2: to rubbish the party he once led and those developments
• 48:16
  Speaker 2: out of the UK seventy Labour MPs saying Kiir Starmer
• 48:20
  Speaker 2: times up all right, not long now, in about half
• 48:28
  Speaker 2: an hour, we've got the Treasurer of course, handing down
• 48:30
  Speaker 2: the budgets. You'll see it there on the edge of
• 48:32
  Speaker 2: the screen.
• 48:33
  Speaker 3: The clock's on.
• 48:34
  Speaker 2: We're keeping an eye on the corridor around Parliament House.
• 48:38
  Speaker 2: But let's go now to another parliament with some big
• 48:40
  Speaker 2: news there. In the United Kingdom, we've got some breaking news.
• 48:44
  Speaker 2: The spill against kir Starmer gaining momentum with the sudden
• 48:48
  Speaker 2: resignation just a moment ago of a junior minister in
• 48:51
  Speaker 2: the Housing and Communities Department. There's a social media post
• 48:55
  Speaker 2: out there that zer to the Prime Minister to quote
• 48:58
  Speaker 2: do the right thing for the country in the past
• 49:00
  Speaker 2: and set a timetable.
• 49:01
  Speaker 3: For an orderly transition.
• 49:04
  Speaker 2: This of course follows the catastrophic results at local elections
• 49:07
  Speaker 2: last Thursday, and that surge again confirmed in results at
• 49:12
  Speaker 2: the ballot box of reform Well then stead seventy UK
• 49:16
  Speaker 2: Labor MPs have now called on Starma to go.
• 49:21
  Speaker 16: Starmer is now on a very borrowed time and I
• 49:25
  Speaker 16: do think that there is a need for a leadership challenge.
• 49:29
  Speaker 24: I don't think we saw a plan from the Prime
• 49:31
  Speaker 24: Minister this morning in order to implement the kind of
• 49:35
  Speaker 24: change that this country needs. And I therefore think it's
• 49:37
  Speaker 24: time for us to look for a new leadership.
• 49:42
  Speaker 3: Doing me now.
• 49:42
  Speaker 2: Sky Contributed News Corp Australia's European correspondent Sophie Ellsworth. Well,
• 49:47
  Speaker 2: I'll tell you what, Sophie. It's a death watch for
• 49:50
  Speaker 2: the Prime minister in political terms. I mean it's only
• 49:52
  Speaker 2: a matter of time now.
• 49:55
  Speaker 25: That's right, Peter out in front of Downing Street here
• 49:58
  Speaker 25: at the moment. There's dozens and dozens of people and
• 50:01
  Speaker 25: international media here waiting to see what happens because there's
• 50:04
  Speaker 25: a cabinet meeting going on right inside Downing Street here.
• 50:09
  Speaker 25: But looking at the front pages today, Peter on the
• 50:11
  Speaker 25: front of the Sun that's saying Starma is on the brink,
• 50:15
  Speaker 25: and then the front page of the Daily Mail is
• 50:17
  Speaker 25: also saying Starma is on the brink. Every single British
• 50:21
  Speaker 25: newspaper is carrying similar headlines.
• 50:24
  Speaker 10: He is hanging on my dear life.
• 50:26
  Speaker 25: And there are reports out in just the last few
• 50:29
  Speaker 25: minutes that there's a six senior cabinet ministers Peter that
• 50:33
  Speaker 25: are expected to call for him to resign, that being
• 50:36
  Speaker 25: Shabanama Mood John Healey, Ed Millerban Lisa Nandy, a Vett
• 50:41
  Speaker 25: Cooper and Wed Streeting. So it feels like Peter this
• 50:44
  Speaker 25: is inching closer and closer to his reign as Prime
• 50:48
  Speaker 25: Minister coming to an abrupt end.
• 50:52
  Speaker 2: Okay, tell me who's going to replace him? Because all
• 50:54
  Speaker 2: that talk about the Mayor of Greater Manchester, Andy Burnham,
• 50:58
  Speaker 2: he was blocked from during the Commons. Of course, he
• 51:02
  Speaker 2: was put around the other day by Angela Rayner. She
• 51:04
  Speaker 2: said he must be put into the Parliament. He's not
• 51:07
  Speaker 2: there now. That rules him out as Prime Minister at
• 51:10
  Speaker 2: the moment at least.
• 51:11
  Speaker 3: So who will it be? Do you think, Well, that's
• 51:15
  Speaker 3: exactly right, Peter.
• 51:16
  Speaker 25: So really the other two contenders are Angela Rayner, who
• 51:20
  Speaker 25: is the former Deputy Prime Minister, but she has tax
• 51:22
  Speaker 25: affairs that she needs to resolve that led to her
• 51:26
  Speaker 25: losing her Deputy prime ministership. And then there's the Health Secretary.
• 51:30
  Speaker 25: Where's Streeting, who probably is the front runner to replace
• 51:34
  Speaker 25: se Keir Starmer.
• 51:35
  Speaker 10: They are the three names.
• 51:37
  Speaker 25: Berner, Starmer and Berner, Burnham, Streeting and Rayner that are
• 51:42
  Speaker 25: being bandied around as possible replacements Peter, but not forgetting tomorrow.
• 51:47
  Speaker 10: Is the King's speech.
• 51:48
  Speaker 25: So this moment of turmoil for the British government has
• 51:53
  Speaker 25: come at a terribly bad time.
• 51:57
  Speaker 2: Not unlike the turmoil that occurred if you remember the
• 52:00
  Speaker 2: days around the Queen's late demise a few years ago.
• 52:04
  Speaker 2: I'll leave it there now, Sophie, thank you. We'll watch
• 52:06
  Speaker 2: it closely and I know you keep us updated. Let's
• 52:09
  Speaker 2: go back to the issue of Parah, and of course
• 52:11
  Speaker 2: comments today he can't help himself cany Malcolm Turnbull criticizing
• 52:16
  Speaker 2: the party of which he still is a member, the
• 52:21
  Speaker 2: former Prime Minister saying Pauline Hanson in One Nation's Farah
• 52:24
  Speaker 2: victory is the result of the Liberal Party drifting too
• 52:28
  Speaker 2: far into populist cultural war politics and attempting to outflank
• 52:34
  Speaker 2: the right on immigration and China.
• 52:37
  Speaker 3: Well.
• 52:37
  Speaker 2: Greg Sheridan from The Australian, well, he saw it today
• 52:41
  Speaker 2: very differently.
• 52:43
  Speaker 11: I think one big lesson is that mainstream center right
• 52:46
  Speaker 11: parties are being displaced by more conservative, harder fighting parties
• 52:52
  Speaker 11: which don't always get into government, but don't always fail
• 52:55
  Speaker 11: to get into government. And if they just keep on
• 52:57
  Speaker 11: as they are, they're probably destined to slide into long
• 53:04
  Speaker 11: term decline.
• 53:06
  Speaker 2: All right, Joining me now former Liberal mpter Coole Flint
• 53:09
  Speaker 2: and One Nation Chief of Staff James Ashby. Nicole So
• 53:12
  Speaker 2: Turnbull says the party's gone too far to the right
• 53:16
  Speaker 2: and it's lost its way. Of course, it must have
• 53:18
  Speaker 2: been perfect under him. He still lost fourteen next seats though,
• 53:22
  Speaker 2: but how has it gone too far to the right.
• 53:24
  Speaker 2: If it's gone too far to the right, it would
• 53:26
  Speaker 2: not have lost like it did on the weekend to
• 53:29
  Speaker 2: One Nation. We would not see around the world the
• 53:32
  Speaker 2: rise of reform, and you wouldn't get comments from someone
• 53:34
  Speaker 2: like Greg Sheridan.
• 53:35
  Speaker 3: It says the Liberal.
• 53:37
  Speaker 2: Party has lost its fighting conservative spirit.
• 53:44
  Speaker 26: Well, the Liberal Party lost its way when we had
• 53:49
  Speaker 26: Malcolm the malicious, miserable ghost Turnbull as our prime minister,
• 53:54
  Speaker 26: after he had knifed our last Liberal prime minister who
• 53:58
  Speaker 26: actually had convinced and the courage to produce policy in
• 54:04
  Speaker 26: line with those convictions. Peter, I think we're all absolutely
• 54:08
  Speaker 26: sick of hearing from Malcolm.
• 54:09
  Speaker 3: He lost fourteen seats.
• 54:10
  Speaker 26: The only things that he believed in were same sex
• 54:13
  Speaker 26: marriage and omissions and renewables, which have the country in
• 54:17
  Speaker 26: terms of renewables, in the complete mess that we are.
• 54:20
  Speaker 26: So Malcolm, please please retire, please.
• 54:24
  Speaker 10: Quit the party.
• 54:25
  Speaker 26: We don't want you, we don't need you, and you
• 54:28
  Speaker 26: are doing absolutely nothing to help us whatsoever. And you
• 54:32
  Speaker 26: were the start of the decline that Liberal Party now
• 54:36
  Speaker 26: finds itself in that we have to fight our way
• 54:39
  Speaker 26: out of with every ounce of our energy.
• 54:44
  Speaker 3: Just going to the budget.
• 54:45
  Speaker 2: We've talked a lot tonight about Labour's lies and whether
• 54:48
  Speaker 2: or not they can I guess survive this latest battery, James,
• 54:52
  Speaker 2: because you remember with Gillard, what really sunk her was
• 54:56
  Speaker 2: that strong comment that lived on camera in almost every
• 55:00
  Speaker 2: of Liberal Party ad for years until she lost obviously
• 55:04
  Speaker 2: the leadership, and Labor lost in twenty thirteen about a
• 55:06
  Speaker 2: carbon tax, and the Prime Minister is on camera so
• 55:09
  Speaker 2: many times ruling out these changes.
• 55:12
  Speaker 3: You know, it's.
• 55:12
  Speaker 2: Interesting Bill short and told the truth and he lost,
• 55:16
  Speaker 2: and Albanese lied and he won, and he's bringing it
• 55:20
  Speaker 2: in any way. You look at what happened in Farry,
• 55:23
  Speaker 2: you look at the fact that people don't want this
• 55:25
  Speaker 2: climate spending, they don't want higher immigration. I'll look at
• 55:28
  Speaker 2: the immigration numbers in the budget tonight, as.
• 55:30
  Speaker 3: I'm sure you will too.
• 55:32
  Speaker 2: But one of my Treasury spies has told me that
• 55:35
  Speaker 2: there is a huge, big lack of money in there
• 55:39
  Speaker 2: for fuel, for fossil fuels, which is really labor trying
• 55:44
  Speaker 2: to absolutely arrest its trajectory that's driving people to one nation.
• 55:52
  Speaker 16: Well, it might be in there to pay off some
• 55:54
  Speaker 16: of our Pacific island nations, because that seems to be
• 55:57
  Speaker 16: where our budget money is going over to Fiji to
• 56:00
  Speaker 16: help reduce fuel costs over there. But look, there's one
• 56:03
  Speaker 16: thing for sure out of tonight's budget, I don't think
• 56:07
  Speaker 16: this government will ever announce death duties because there will
• 56:11
  Speaker 16: be nothing to fleece from people by the time they're dead.
• 56:14
  Speaker 16: They're going to take it from people while they're still alive.
• 56:17
  Speaker 16: That's the biggest issue we're facing right now. Australia has
• 56:19
  Speaker 16: the second highest median wealth in the world, just behind Luxembourg.
• 56:25
  Speaker 16: I think Anthony Arberezi sees a real ripe opportunity to
• 56:28
  Speaker 16: steal that wealth from Aussies. And if you actually take
• 56:31
  Speaker 16: a look at the top twenty five countries, you know
• 56:35
  Speaker 16: we are sitting at second. But our immigration is not
• 56:39
  Speaker 16: taking people from any of those countries. By and large,
• 56:42
  Speaker 16: we're taking people from third world nations or much poorer countries.
• 56:47
  Speaker 16: So as more as people come into Australia. They are
• 56:50
  Speaker 16: not bringing wealth with them. They are bringing an ability
• 56:54
  Speaker 16: to work very cheaply, which is keeping wages down in Australia.
• 57:00
  Speaker 16: But we are on a real serious trajectory to head
• 57:03
  Speaker 16: the same path as Venezuela. And who knows, you know,
• 57:07
  Speaker 16: I hear in the news tonight that that Trump's looking
• 57:10
  Speaker 16: to annex Venezuela. You know, within a couple of years
• 57:14
  Speaker 16: we might become the fifty second state of America if
• 57:18
  Speaker 16: we continue down this socialist path where we lose everything.
• 57:22
  Speaker 2: You will remember the very famous comments from that Singapore
• 57:26
  Speaker 2: MPM at the time that the.
• 57:27
  Speaker 3: White trash of Asia.
• 57:29
  Speaker 2: And I fear that this sort of stuff, this sort
• 57:31
  Speaker 2: of you know, calling out our lack of productivity and
• 57:34
  Speaker 2: economic clout, will become material. Nicole, you've been an MP.
• 57:39
  Speaker 2: I've got to ask you about Annika Wells. Would you
• 57:41
  Speaker 2: have ever put in a claim to the taxpayer to
• 57:44
  Speaker 2: pay for you to fly to a mate's birthday and
• 57:48
  Speaker 2: manufacture and meeting at the birthday party with the husband
• 57:52
  Speaker 2: of your mate. You're there for her party, but you
• 57:55
  Speaker 2: know you're grabbing around behind the sausage rolls and you're
• 57:57
  Speaker 2: trying to talk something about the portfolio and that ticks
• 57:59
  Speaker 2: the in.
• 58:00
  Speaker 3: Goes your form.
• 58:01
  Speaker 2: I mean, if you weren't four hundred thousand dollars as
• 58:04
  Speaker 2: a minister, put your own hand in your pocket, pay
• 58:07
  Speaker 2: for your own trip to a party. Why sting Australians.
• 58:13
  Speaker 26: Well, precisely, Peter, but I doubt they were hiding behind
• 58:16
  Speaker 26: the sausage rolls. It was probably French champagne and Chablis
• 58:19
  Speaker 26: or something along those lines.
• 58:21
  Speaker 3: I think this is appalling.
• 58:23
  Speaker 26: This what makes me most angry is this is what
• 58:26
  Speaker 26: gives members of Parliament a bad name which most.
• 58:28
  Speaker 3: People do not deserve.
• 58:30
  Speaker 26: And to add insult to injury, of course, Anika Wells
• 58:34
  Speaker 26: also took her husband and children to the AFL Grand
• 58:36
  Speaker 26: Final three times, took them skiing and threadbow, and took
• 58:39
  Speaker 26: them to the cricket and goodness knows what else, and
• 58:42
  Speaker 26: some of those claim she has now had to pay back.
• 58:47
  Speaker 3: It is just beyond belief.
• 58:48
  Speaker 26: And what disappoints me most is that she is hurting
• 58:52
  Speaker 26: the reputation and the work ethic of people who do
• 58:56
  Speaker 26: the right thing and bringing down the of politicians in
• 59:01
  Speaker 26: the eyes of the Australian public. It just doesn't pass
• 59:05
  Speaker 26: the pub test. But what really annoys me is that,
• 59:07
  Speaker 26: as usual, Labor get away with this. If this was
• 59:10
  Speaker 26: a liberal or a National Party or even a one
• 59:13
  Speaker 26: nation lower House member or senator.
• 59:16
  Speaker 3: The media would not let it go.
• 59:19
  Speaker 26: The media, the mainstream media, as usual, do not hold
• 59:22
  Speaker 26: Labor to account. They should and she should be forced
• 59:26
  Speaker 26: to resign or actually do the right thing and resign herself.
• 59:31
  Speaker 16: We had to speaker Locier is in fact she used
• 59:34
  Speaker 16: a helicopter.
• 59:35
  Speaker 2: Remember, yeah, well, I'm just going to say, how toothless
• 59:39
  Speaker 2: is this entitlement's body? Because I tell you what, I'll
• 59:42
  Speaker 2: happily donate my time for free. I'll work for them
• 59:46
  Speaker 2: on the weekends. I know every look that politicians try on.
• 59:49
  Speaker 2: I'll go through the books and I'll give them frank
• 59:51
  Speaker 2: advice about who's ruting who, because I can't see that
• 59:53
  Speaker 2: they're doing any cleanup job here.
• 59:57
  Speaker 27: Yeah.
• 59:57
  Speaker 16: Look, it's a big problem, and all you have to
• 1:00:00
  Speaker 16: do is go through the expenditure of most politicians. I
• 1:00:03
  Speaker 16: know that we're very diligent when it comes to the
• 1:00:05
  Speaker 16: spending in our offices. I know that paul En Hansson
• 1:00:09
  Speaker 16: runs a fine tooth. Came over her budget. She's one
• 1:00:12
  Speaker 16: of the lowest spending on her travel, she's probably going
• 1:00:14
  Speaker 16: to be even lower now that she's paying for fuel
• 1:00:17
  Speaker 16: in her own aircraft to get around the country now.
• 1:00:20
  Speaker 16: But a lot of these other politicians that don't care.
• 1:00:22
  Speaker 16: They just business class up the front of the plane
• 1:00:24
  Speaker 16: so that they get their free champagne, their meal. You know,
• 1:00:28
  Speaker 16: we try and fly Virgin as often as we can
• 1:00:30
  Speaker 16: because the simple fact is they're cheaper than connics. I
• 1:00:33
  Speaker 16: don't think many other politicians. If you have a look,
• 1:00:36
  Speaker 16: eighty percent of politicians fly quantas and why are they
• 1:00:38
  Speaker 16: doing that. They're doing it for their status credits of course,
• 1:00:42
  Speaker 16: so they never ever lose that gold class and their
• 1:00:44
  Speaker 16: free entry into the lounge. Peter and all their staff
• 1:00:47
  Speaker 16: are doing the same thing. So there needs to be
• 1:00:49
  Speaker 16: a ruler run over this. It's not just the politicians,
• 1:00:52
  Speaker 16: it's the staff as well.
• 1:00:55
  Speaker 2: What about that Victorian local counselor This was a report
• 1:00:58
  Speaker 2: that struck me and Akole. They are picking out forty
• 1:01:04
  Speaker 2: two thousand dollars a year, but they're dialing into council
• 1:01:07
  Speaker 2: meetings because they're actually living overseas. I mean, this is
• 1:01:11
  Speaker 2: working from home at a whole new level.
• 1:01:15
  Speaker 26: Well, it's actually working from holidays, isn't it, Peter. This
• 1:01:19
  Speaker 26: is just extraordinary, you know, no wonder the nation's in
• 1:01:23
  Speaker 26: the redd ink wherever we look at local government, state
• 1:01:26
  Speaker 26: and federal government level. When you have people, I'm sorry,
• 1:01:29
  Speaker 26: raughting the system like this, it's unacceptable. And what's more,
• 1:01:32
  Speaker 26: it's offensive to everyone who's you know, driving the garbage
• 1:01:36
  Speaker 26: truck to pick up our rubbish, which is actually one
• 1:01:38
  Speaker 26: of the fundamental things that local government should be doing,
• 1:01:41
  Speaker 26: let alone, police are nurses, teachers.
• 1:01:45
  Speaker 3: Enough is enough.
• 1:01:48
  Speaker 2: Well, I'll leave it there, Thank you to you both.
• 1:01:50
  Speaker 2: All right, after the break we'll come back. We've got
• 1:01:52
  Speaker 2: Jim Chalmers in the chambers. Shortly we're going to talk
• 1:01:54
  Speaker 2: to Warren Hogan. I want to mention to sell Grover
• 1:01:58
  Speaker 2: the Giggle and Tickle case. Decision will be brought down
• 1:02:01
  Speaker 2: on that case on Friday at about half past two
• 1:02:04
  Speaker 2: in the afternoon. Of course, sel Grover will join me
• 1:02:07
  Speaker 2: here on the desk on that Thursday night. All right,
• 1:02:14
  Speaker 2: let's return to the budget very shortly. It will be
• 1:02:17
  Speaker 2: with you. Here is a little more of what everyday
• 1:02:19
  Speaker 2: people have had to say ahead of the Treasurer's speech.
• 1:02:23
  Speaker 19: I'd like to see the government finally cut down spending
• 1:02:27
  Speaker 19: and give us some tax breaks, the leak changes around
• 1:02:31
  Speaker 19: all the capital gains tax changes, everything they're.
• 1:02:34
  Speaker 9: Lying to us.
• 1:02:35
  Speaker 19: Because I'm a tax accountant and I work with a
• 1:02:37
  Speaker 19: lot of families, young people trying to get ahead. The
• 1:02:41
  Speaker 19: CGT changes will actually help the older people and the
• 1:02:45
  Speaker 19: megawealthy people who have company structures and the way that
• 1:02:48
  Speaker 19: restructure larger corporations. But the people trying to get ahead,
• 1:02:51
  Speaker 19: so younger people, people trying to rent, best strategy, people
• 1:02:55
  Speaker 19: trying to invest in the stock market, like I invest
• 1:02:58
  Speaker 19: in the stock market when I was eighteen years old.
• 1:03:00
  Speaker 19: With the changes that they're making, it's going to hurt
• 1:03:02
  Speaker 19: people trying to get ahead. So it's going to just
• 1:03:03
  Speaker 19: destroy the middle class and push everyone to the lower class.
• 1:03:06
  Speaker 27: And of manufacturing is here our GDP growth will balance
• 1:03:10
  Speaker 27: out on deficit.
• 1:03:12
  Speaker 3: Is that what you think the government should prioritize?
• 1:03:15
  Speaker 27: Yes, Yes, on manufacturing, not reliant on other countries.
• 1:03:22
  Speaker 2: All right, Joining me now will discuss the budget, but
• 1:03:24
  Speaker 2: also the state of the economy more generally. Managing director
• 1:03:27
  Speaker 2: at Eqeconomics, Warren Hogan, I'll get to something you wrote today.
• 1:03:31
  Speaker 2: I think it was very, very shrewd about spending Warren,
• 1:03:35
  Speaker 2: But just that first bloke there who says he's got.
• 1:03:38
  Speaker 3: An accountancy practice.
• 1:03:40
  Speaker 2: What I find really interesting interesting for all the talk
• 1:03:43
  Speaker 2: about this intergenerational equity from the government and these changes
• 1:03:48
  Speaker 2: that we're likely to see tonight about investment properties and CGT,
• 1:03:52
  Speaker 2: the fact is that everybody who's got those assets now
• 1:03:56
  Speaker 2: will be grandfathered, and so anyone who might hope to
• 1:04:00
  Speaker 2: have them as an investment vehicle in the future, so
• 1:04:03
  Speaker 2: young people, they will be locked out.
• 1:04:06
  Speaker 3: How's that fair?
• 1:04:09
  Speaker 18: It's not fair at all. And I thought that was
• 1:04:11
  Speaker 18: a very apt clip you played from someone who probably
• 1:04:15
  Speaker 18: knows more about it than either of us at the
• 1:04:16
  Speaker 18: Coal Face, and I think it confirms that this is
• 1:04:20
  Speaker 18: a taxi increase stressed up as economic reform and trying
• 1:04:23
  Speaker 18: to deal with intergenerational equity as a political platform, and
• 1:04:28
  Speaker 18: it's not. It's a tax increase and it's dangerous. I
• 1:04:31
  Speaker 18: think all the things you just mentioned are exactly right.
• 1:04:33
  Speaker 18: The other thing that worries me is we have a
• 1:04:35
  Speaker 18: whole sort of professional class from the nursing police teachers
• 1:04:43
  Speaker 18: who one of the tickets to a brighter future within
• 1:04:47
  Speaker 18: a modest sort of pay structure is investing in property.
• 1:04:51
  Speaker 18: If you take that away from them, I'm worry about
• 1:04:54
  Speaker 18: what that means for these people and their aspiration and
• 1:04:57
  Speaker 18: their view on their wages and a whole range of things.
• 1:05:00
  Speaker 18: So this is actually another point is you do not
• 1:05:03
  Speaker 18: just do one thing when you make changes to the
• 1:05:05
  Speaker 18: structures of around the housing market. You've got to look
• 1:05:07
  Speaker 18: at the whole thing. And of course this is coming
• 1:05:10
  Speaker 18: at a time when the housing market's very fragile. It's
• 1:05:13
  Speaker 18: essentially grinding to a halt with the uncertainty from overseas
• 1:05:17
  Speaker 18: combined with the three rate hikes we've seen. So to
• 1:05:19
  Speaker 18: go and make these massive changes suddenly, I think it's dangerous.
• 1:05:25
  Speaker 3: Yeah, I might add.
• 1:05:26
  Speaker 2: You know the Prime Minster shelled out four million dollars
• 1:05:28
  Speaker 2: to buy a beach house. He's got tenants in it.
• 1:05:30
  Speaker 2: Let's say it is negatively geared. We don't know, but
• 1:05:33
  Speaker 2: let's say it is. Of course he'll be grandfathered and
• 1:05:36
  Speaker 2: everybody else trying to get into the market will not.
• 1:05:38
  Speaker 2: That'll be hit tonight from a half past seven when
• 1:05:41
  Speaker 2: the Treasurer gets to his feet. Let's go to what
• 1:05:43
  Speaker 2: you wrote in the Daily Telegraph. You said there must
• 1:05:45
  Speaker 2: be restraint on spending. I'll listen to the treasurer interviewed
• 1:05:49
  Speaker 2: by my colleague Andrew Clenell, and it was crowing about
• 1:05:51
  Speaker 2: having sixty four billion dollars in saving but then he
• 1:05:55
  Speaker 2: admitted that the budget this year is in deficit and
• 1:05:58
  Speaker 2: it will be in deficit for the entire next four
• 1:06:01
  Speaker 2: years of the forward estimates. So if he's still in deficit,
• 1:06:05
  Speaker 2: if he's still spending more they were earning as a country,
• 1:06:10
  Speaker 2: it doesn't matter how much he says the savings are.
• 1:06:13
  Speaker 3: They are not savings.
• 1:06:15
  Speaker 18: Well, that's right, and we know that there's a lot
• 1:06:17
  Speaker 18: of narrative and language around this, and of course it's
• 1:06:20
  Speaker 18: confusing to everyday people, and I think people are getting
• 1:06:23
  Speaker 18: sick of it. To be honest, the reality of this
• 1:06:27
  Speaker 18: economy is we have a very limited amount of growth.
• 1:06:31
  Speaker 18: We can generate two percent. The RBA's talked about it,
• 1:06:34
  Speaker 18: our potential, our speed limit. It went to two point
• 1:06:37
  Speaker 18: six at the end of last year. Inflation appears straight away.
• 1:06:40
  Speaker 18: We've got hard evidence that we can only do two percent.
• 1:06:43
  Speaker 18: The governments of Australia have been growing, they're spending around
• 1:06:45
  Speaker 18: three to four which means they're taking up the space
• 1:06:49
  Speaker 18: of the private sector. So we are now basically faced
• 1:06:53
  Speaker 18: with the proposition that either the governments of Australia grow
• 1:06:56
  Speaker 18: their spending by less than two percent, so the RBA
• 1:07:00
  Speaker 18: is going to have to raise rates and make sure
• 1:07:03
  Speaker 18: the private sector spending stops growing to make way for
• 1:07:06
  Speaker 18: the government. Is this is the immediate challenge is to
• 1:07:10
  Speaker 18: get on top of this inflation. And I think this
• 1:07:11
  Speaker 18: has never been more apparent than now. Things like structural
• 1:07:15
  Speaker 18: changes to housing, taxation and so forth that can wait
• 1:07:19
  Speaker 18: for another day. And I think it's all just about
• 1:07:22
  Speaker 18: raising the tax take. It's not about reform. I think
• 1:07:25
  Speaker 18: the real issue here is our governments have had a
• 1:07:27
  Speaker 18: massive fiscal expansion. It's out it's grown more than any
• 1:07:31
  Speaker 18: of them thought. It's the Victorians a week ago and
• 1:07:34
  Speaker 18: in the Western Australians both increased spending and I think
• 1:07:38
  Speaker 18: we're going to see that again in a few minutes time,
• 1:07:40
  Speaker 18: and that's the last thing we need. It's inflationary.
• 1:07:44
  Speaker 2: I also think the housing stuff is about building a narrative.
• 1:07:48
  Speaker 3: You know, if you can't get into.
• 1:07:49
  Speaker 2: The housing market, you're thirty two or you're twenty five
• 1:07:52
  Speaker 2: or whatever, you want to blame someone and rather than
• 1:07:56
  Speaker 2: the government being blamed, that's a lasting labor once they've
• 1:07:59
  Speaker 2: put up this straw man of the older Australian, the
• 1:08:02
  Speaker 2: rich Boehmer, who's sitting on all of these assets. And
• 1:08:04
  Speaker 2: so this is an attempt, a narrative, attempt to deal
• 1:08:08
  Speaker 2: with that criticism. Of course it won't make any difference.
• 1:08:11
  Speaker 2: We've just talked about the grandfathering. But they'll be able
• 1:08:14
  Speaker 2: to point to something that young people then will see.
• 1:08:17
  Speaker 2: The government has addressed now the problem we have in
• 1:08:20
  Speaker 2: terms of experience. We know when Keating did just this,
• 1:08:24
  Speaker 2: there was a massive issue with housing stock and price
• 1:08:28
  Speaker 2: is skyrocketed in Perthin and Sydney in particular, and they
• 1:08:32
  Speaker 2: had to reverse it after eighteen months. You know, could
• 1:08:37
  Speaker 2: we see the same thing happen here again.
• 1:08:39
  Speaker 18: Well we could, because I mean, whether the debate about
• 1:08:42
  Speaker 18: what happened in the mid eighties was because the market
• 1:08:44
  Speaker 18: was tight or because of the changes to the tax,
• 1:08:47
  Speaker 18: we've got the same situation. The market is very tight,
• 1:08:49
  Speaker 18: rents are only going one way.
• 1:08:51
  Speaker 3: And you know, we.
• 1:08:52
  Speaker 18: Should never underestimate what big changes to policy settings does
• 1:08:56
  Speaker 18: to expectations and people's views of the future, therefore their
• 1:09:00
  Speaker 18: behavior now and this is one of the biggest assets
• 1:09:03
  Speaker 18: anyone I've ever owned a house, an investment property. They
• 1:09:07
  Speaker 18: are playing with fire in this. This is not the
• 1:09:10
  Speaker 18: right time to We have got severe challenges both in
• 1:09:12
  Speaker 18: terms of our domestic economy, inflation and what is happening
• 1:09:15
  Speaker 18: in the Middle East, and this is not the time
• 1:09:17
  Speaker 18: to be doing this. It's a huge risk they're taking.
• 1:09:19
  Speaker 18: I mean, you've got to hand it to them. They're
• 1:09:22
  Speaker 18: having a go, but it could backfire because I don't
• 1:09:24
  Speaker 18: think Australians are mugs. I think you know better than me.
• 1:09:27
  Speaker 18: People work it out eventually, and I think this is
• 1:09:31
  Speaker 18: not going to help intergenerational equity. If anything, it's taking
• 1:09:35
  Speaker 18: away a pathway to future wealth for a generation of Australians.
• 1:09:40
  Speaker 18: And it's a pathway a generation has used in the
• 1:09:42
  Speaker 18: last thirty years.
• 1:09:45
  Speaker 2: What about all the class war rectric you're seeing here
• 1:09:48
  Speaker 2: in our government spending big, growing the size of the state.
• 1:09:53
  Speaker 2: All of these universal programs have been critical in the
• 1:09:56
  Speaker 2: past that people earning half a million dollars to get
• 1:09:58
  Speaker 2: childcare and then our pensions are struggling, or people with
• 1:10:03
  Speaker 2: home care packages are struggling to be showered more than
• 1:10:06
  Speaker 2: once a week. Why is this such a concern in
• 1:10:10
  Speaker 2: the budget? Because I can't see Labour's got the guts
• 1:10:12
  Speaker 2: to deal with recurrent spending.
• 1:10:14
  Speaker 18: Well, no, I mean, actually, it's a deliberate political strategy.
• 1:10:17
  Speaker 18: It's a long term political strategy to try and shure
• 1:10:19
  Speaker 18: up a structural support for the ALP. Dependency on government.
• 1:10:22
  Speaker 18: Dependency on the ALP would be my view of the
• 1:10:25
  Speaker 18: long term motivation of this. But of course it comes
• 1:10:28
  Speaker 18: a great risk, not least that you're actually targeting a
• 1:10:31
  Speaker 18: subset of the community, so twenty twenty five percent of
• 1:10:34
  Speaker 18: the population and the others will work it out that
• 1:10:37
  Speaker 18: basically everyone's paying for that. So I think it is risky,
• 1:10:41
  Speaker 18: and I just think what we're seeing with the support
• 1:10:43
  Speaker 18: for one nation and what I'm seeing at the cold
• 1:10:47
  Speaker 18: face of the economy with SMEs small businesses, People aren't
• 1:10:51
  Speaker 18: falling for it. People understand, people understand what the underlying
• 1:10:56
  Speaker 18: dynamics here. And the thing that's changed more than anything
• 1:10:59
  Speaker 18: is the recurrent spending of the federal government as a
• 1:11:03
  Speaker 18: share of the economy has increased by forty percent in
• 1:11:07
  Speaker 18: the last decade after being stable for forty years. We
• 1:11:10
  Speaker 18: built this modern economy on the basis of disciplined government,
• 1:11:14
  Speaker 18: financial management and low debt, and in the process we
• 1:11:18
  Speaker 18: built up a very high level of household debt. If
• 1:11:21
  Speaker 18: we decide suddenly to go and say the government's going
• 1:11:24
  Speaker 18: to spend a lot more and we're going to have
• 1:11:26
  Speaker 18: higher deficits and debt, well we're going to have to
• 1:11:29
  Speaker 18: expect other parts of the economy to be affected by
• 1:11:32
  Speaker 18: that eye that household debt, and that's the risk they're running.
• 1:11:35
  Speaker 18: And this housing adjustment tonight could supercharge that adjustment. And
• 1:11:39
  Speaker 18: the adjustment is clearly higher interest rates and of course
• 1:11:43
  Speaker 18: potentially a short term decline in house prices, but I'm
• 1:11:47
  Speaker 18: pretty sure they weren't four for long. It's very risky,
• 1:11:50
  Speaker 18: and of course the political strategy in the short term
• 1:11:52
  Speaker 18: may well be be damned with it. We keep spending
• 1:11:55
  Speaker 18: and then the RBA can raise rates and they can
• 1:11:57
  Speaker 18: be blamed for slowing the economy down, which I think
• 1:11:59
  Speaker 18: again is very politically risky. People aren't that silly and
• 1:12:02
  Speaker 18: THEBA I agree.
• 1:12:04
  Speaker 3: I'll play.
• 1:12:06
  Speaker 9: Spot.
• 1:12:06
  Speaker 3: I'm warrent.
• 1:12:07
  Speaker 2: I played voxes all night from people on the street
• 1:12:08
  Speaker 2: today and they are shrewd.
• 1:12:10
  Speaker 3: I'll leave it there.
• 1:12:11
  Speaker 2: I know this is the showbiz night for you, and
• 1:12:13
  Speaker 2: you've got to busy. A couple of days after this
• 1:12:16
  Speaker 2: happens tonight to analyze everything the treasure has had to say.
• 1:12:18
  Speaker 3: Thank you, Warren Hogan.
• 1:12:20
  Speaker 2: All right, let's go now to Tom Connell, our chief
• 1:12:22
  Speaker 2: election analyst. Trawling the corridors of Parliament House. We can
• 1:12:27
  Speaker 2: hear the bells.
• 1:12:28
  Speaker 3: That's to us. Share everybody into the chamber.
• 1:12:31
  Speaker 2: And get their seats, and the photographs will be snapping
• 1:12:34
  Speaker 2: and the cameras will be all ready to go. What
• 1:12:36
  Speaker 2: are you hearing, Tom?
• 1:12:40
  Speaker 9: A couple of things, Peter.
• 1:12:41
  Speaker 13: There will be two or three more of the good
• 1:12:44
  Speaker 13: news budget elements. Good by that I mean positive for
• 1:12:48
  Speaker 13: individuals or businesses, so two or three of them have
• 1:12:51
  Speaker 13: been saved over as what I was told. The other
• 1:12:53
  Speaker 13: interesting element is this is being described overall as a
• 1:12:56
  Speaker 13: typical midterm budget, So this is not labor make all
• 1:13:00
  Speaker 13: the changes. As much as this has been spoken about
• 1:13:02
  Speaker 13: a big reform budget, this isn't everything and then labor
• 1:13:05
  Speaker 13: just to has a couple of boring ones before the election.
• 1:13:08
  Speaker 9: This is a typical midterm one.
• 1:13:10
  Speaker 13: Some changes, but more will come during the rest of
• 1:13:12
  Speaker 13: this term. So they're the two things I was being
• 1:13:14
  Speaker 13: told is we're waiting for the Treasurer to come out
• 1:13:17
  Speaker 13: get on his feet the half hour speech, all the
• 1:13:20
  Speaker 13: analysis afterwards, of course, and the details are going to matter,
• 1:13:23
  Speaker 13: in particular around capital gains tax. That's one thing a
• 1:13:25
  Speaker 13: lot of people are talking about. Will there be some
• 1:13:27
  Speaker 13: carve outs around small business, around startups startups as well,
• 1:13:32
  Speaker 13: given Labour's talking about this also being about productivity and
• 1:13:36
  Speaker 13: innovation and actually growing the economy.
• 1:13:41
  Speaker 3: I know you probably do this. I certainly do.
• 1:13:43
  Speaker 2: I get a transcript, a written transcript of the speech,
• 1:13:46
  Speaker 2: and I go through and I analyze all the Labor
• 1:13:49
  Speaker 2: buzz words, the words that we've heard leading into the budget,
• 1:13:52
  Speaker 2: heavily focused, grouped as you know, and the words that
• 1:13:55
  Speaker 2: will be part of the cell job for the next
• 1:13:57
  Speaker 2: couple of weeks. Intergenerational equity is going to be big
• 1:14:02
  Speaker 2: here and paying forward to future generations.
• 1:14:05
  Speaker 3: We can work out all of that.
• 1:14:06
  Speaker 2: But of course we had some leaked lines that have
• 1:14:09
  Speaker 2: already been given to Labor MPs today about how to
• 1:14:14
  Speaker 2: basically explain away is broken.
• 1:14:16
  Speaker 9: Promise, And it sounds very similar.
• 1:14:20
  Speaker 13: I've got to say to the last big broken promise,
• 1:14:23
  Speaker 13: the Stage three income tax cuts, that it's about making
• 1:14:26
  Speaker 13: the right decision for the right times. Now, how Labor
• 1:14:29
  Speaker 13: might argue there's much different within the housing market now
• 1:14:32
  Speaker 13: compared to not longer when the election was might be
• 1:14:34
  Speaker 13: a difficult part, but also the details of that. Clearly
• 1:14:36
  Speaker 13: they're banking on winning the argument. You're not going to
• 1:14:40
  Speaker 13: win the fact that it was not a broken promise.
• 1:14:42
  Speaker 13: I mean it was, it's pretty clear the clips are there.
• 1:14:45
  Speaker 13: But winning the overall politics the other word, I think
• 1:14:47
  Speaker 13: you'll hear a lot. You mentioned integration, intergenerational fairness, giving
• 1:14:51
  Speaker 13: people a fair go at the housing market. This is
• 1:14:53
  Speaker 13: what Labour's going to talk about in terms of the
• 1:14:56
  Speaker 13: younger Australians they say have been locked out, but it's
• 1:14:58
  Speaker 13: harder to get into so so they're going to emphasize
• 1:15:01
  Speaker 13: more that than the negative side, the increased tax on investment.
• 1:15:07
  Speaker 2: All right, Tom, I can see it out of the
• 1:15:08
  Speaker 2: color of my eye. We've got the speaker there taking
• 1:15:10
  Speaker 2: the chair.
• 1:15:11
  Speaker 3: We'll leave it there. Here's the treasurer