Latest / Credlin / Credlin | 21 November

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Credlin | 21 November · Credlin

0:01
Speaker 1: Peedo Krandland live on Sky News Australia.
0:08
Speaker 2: Good evening, great tavy company. He's coming up on the
0:11
Speaker 2: program tonight. Well, how do you build a tunnel network
0:14
Speaker 2: costing hundreds of billions of dollars and then find that
0:17
Speaker 2: almost none of your trains fit inside. It's the latest
0:21
Speaker 2: financial scandal to hit the Victorian Labor government as the
0:24
Speaker 2: state continues to waste billions.
0:27
Speaker 3: The dire state.
0:28
Speaker 2: Of morale within our defense force, servicemen and women call
0:31
Speaker 2: out the top brass over a lack of leadership class
0:35
Speaker 2: Despite that landslide rejection of the voice even in woke Victoria.
0:39
Speaker 3: The premium air just.
0:40
Speaker 2: Interrallen today announced the commencement of formal treaty negotiations.
0:45
Speaker 3: Activist say it'll be tough.
0:48
Speaker 2: Senator just into Namba jimpro price shortly on this and
0:52
Speaker 2: labour shock announcement today to use the nation's Future Fund
0:55
Speaker 2: as a political slush fund.
0:57
Speaker 3: The fund all manner of.
0:58
Speaker 2: Green projects that's as economic reckless as it gets.
1:03
Speaker 4: Labor is now raiding the nation's nest egg to cover
1:06
Speaker 4: its economic failures.
1:08
Speaker 5: Prom minis to wire Australians.
1:09
Speaker 4: Paying for the Albanesi government's economic incompetence.
1:15
Speaker 2: We'll stay on that issue, because just when you thought
1:17
Speaker 2: the Albanesi government could not get.
1:19
Speaker 3: Any worse, it does today.
1:22
Speaker 2: The government announced changes to the Future Fund, the three
1:25
Speaker 2: hundred billion dollar locked box that Peter Costello set up
1:29
Speaker 2: to pay military and public service pensions so that they
1:32
Speaker 2: wouldn't be a burden on future taxpayers now. As originally
1:36
Speaker 2: set up in two thousand and five, and as it's
1:38
Speaker 2: been run ever since under governments of both persuasions, until now,
1:45
Speaker 2: the Future Fund made its investment decisions based solely on
1:48
Speaker 2: what would provide the best possible return for taxpayers, but
1:53
Speaker 2: not anymore.
1:55
Speaker 3: Today.
1:55
Speaker 2: Treasurer Jim Chalmers said that the fund's bandate would change
1:59
Speaker 2: that it be required to make investment decisions based on
2:02
Speaker 2: quote national priorities.
2:05
Speaker 6: The new investment mandate will require the Fund to consider
2:09
Speaker 6: priorities like housing, the energy transformation, and also making sure
2:14
Speaker 6: that when it comes to infrastructure that there's a particular
2:17
Speaker 6: emphasis on resilience and security as well.
2:23
Speaker 2: No one should underestimate the gravity of this move, the
2:28
Speaker 2: government saying that our national saving should be invested in
2:32
Speaker 2: its political priority areas. Effectively, it's stealing from the taxpayers
2:38
Speaker 2: of the Future by saying that returns to them are
2:41
Speaker 2: not as important as the political needs of the government today.
2:47
Speaker 2: Weighing into this debate this afternoon, Peter Costello's condemn the move,
2:51
Speaker 2: arguing that at risks turning Australia's sovereign wealth fund into
2:55
Speaker 2: a political slush fund, undermining its independence and ultimately, he says,
3:01
Speaker 2: leading to lower returns.
3:03
Speaker 7: Now.
3:04
Speaker 2: Costello, who set up the fund and then for the
3:07
Speaker 2: past decade has been the chairman of the Future Fund,
3:11
Speaker 2: rejected the claim by Jim Chalmers that the fund's rate
3:14
Speaker 2: of return, currently between four and five percent perannum, would
3:19
Speaker 2: not be impacted. Costello said, you only change things to
3:24
Speaker 2: make them different, You don't change things to keep them
3:27
Speaker 2: the same. The only purpose of requiring the board to
3:30
Speaker 2: consider national priorities, said Costello, is to get a whole
3:34
Speaker 2: lot of projects that wouldn't come in under the sole
3:37
Speaker 2: four to five percent return mandate into consideration. It will
3:42
Speaker 2: ultimately lower returns, he said, and that will cost taxpayers money.
3:47
Speaker 2: This is a bad proposal, said Costello. It was never
3:52
Speaker 2: set up to be a political slush fund to finance
3:55
Speaker 2: the whim of the government of the day. Now, on
3:58
Speaker 2: top of all the other ideologically driven blunderings this government.
4:03
Speaker 2: This is a truly monumental move, and almost across the
4:07
Speaker 2: board it's been condemned in sheer budget and economic management terms.
4:13
Speaker 2: What a shocker this labor mob have turned out to be.
4:17
Speaker 2: There's the productivity destroying workplace changes to crack down on
4:22
Speaker 2: outsourcing and casual work. Then there's the power subsidies depart
4:27
Speaker 2: compensate people for skyrocketing power prices that Labour's own green
4:31
Speaker 2: policies are forcing on households. There's the taxpayer funded boosts
4:37
Speaker 2: to the wages of people privately employed in childcare and
4:41
Speaker 2: aged care. There's the ongoing energy insanity of saying that
4:45
Speaker 2: nuclear power at sea must be supported, yet demonizing that
4:50
Speaker 2: very same power source on land.
4:53
Speaker 3: There's the deliberate.
4:53
Speaker 2: Sabotage of the coal and gas industries that are two
4:57
Speaker 2: of our three biggest expert or export earners, and that
5:01
Speaker 2: without their revenue our budget position would be in even
5:05
Speaker 2: worse shape. Then there's the utter folly of simply writing
5:09
Speaker 2: off twenty percent of hextebts a free gift to students
5:13
Speaker 2: who'll go on to earn higher than average wages because
5:16
Speaker 2: of their degrees to be funded for by relatively poor
5:21
Speaker 2: wage journeers today. And then this a government that can't
5:25
Speaker 2: help putting its hands on money that belongs to us.
5:30
Speaker 2: But this isn't the first time that this government and
5:33
Speaker 2: this treasurer have tried to bully fund managers into doing
5:36
Speaker 2: the government's bidding with your money. A Treasury paper on
5:41
Speaker 2: the objectives of compulsory super released last year said there
5:46
Speaker 2: should be an i quote alignment between the financial interests
5:50
Speaker 2: of super fund members and national economic priorities.
5:55
Speaker 3: There it is that phrase again, national economic priorities.
6:00
Speaker 2: But if the money that we're forced to put into
6:02
Speaker 2: super has to be invested in the government so called
6:06
Speaker 2: national economic priorities.
6:09
Speaker 3: That it's not really our money, is it.
6:12
Speaker 2: And if the money that Peter Costello put into the
6:14
Speaker 2: locked box it has to be spent now under charmers
6:17
Speaker 2: of the government so called national economic priorities, well.
6:23
Speaker 3: These are Labour's election priorities. Let's call them that.
6:27
Speaker 2: That it's no longer a locked box, it's no longer
6:30
Speaker 2: a sovereign wealth fund, and it's no longer being used
6:33
Speaker 2: to meet future obligations like pensions for our veterans. Instead,
6:39
Speaker 2: under the shock move today by the treasurer. Our assets
6:42
Speaker 2: are being confiscated and ransacked by this government for its
6:47
Speaker 2: own political purposes. And why should the Future Fund be
6:51
Speaker 2: forced to invest in dodgy renewable power schemes that only
6:55
Speaker 2: make a profit because of forced consumer subsidies. Why should
6:59
Speaker 2: it be forced to invest in build to rent projects
7:03
Speaker 2: just because this government wants to turn a nation of
7:05
Speaker 2: homeowners into a nation of renters and kill off the
7:09
Speaker 2: Australian dream to own a home of our own. As
7:12
Speaker 2: Costello has said today, he expected a long line of
7:16
Speaker 2: rent seekers to form a cube outside the Future Fund.
7:20
Speaker 2: He made the valid point that other government funds already
7:23
Speaker 2: investing in housing and green energies, such as the Clean
7:27
Speaker 2: Energy Finance Corporation. He said, well they've not done very
7:30
Speaker 2: well now. If these things are good investments, if they
7:33
Speaker 2: stack up, that no one should need to force the
7:36
Speaker 2: Future Fund to make investments in them. If they're poor investments,
7:40
Speaker 2: as many of them are, then it's criminal to force
7:44
Speaker 2: the Future Fund to waste our money on them. Until now,
7:47
Speaker 2: the Future Fund has done its job without political interference.
7:51
Speaker 2: It's made Australia, it's made all of us hundreds of
7:54
Speaker 2: billions of dollars richer because its investments have been done
7:58
Speaker 2: very carefully. Now there's clowns in Canberra who could make
8:03
Speaker 2: wasting money a gold medal sport, will upend the rules
8:07
Speaker 2: and use your money.
8:09
Speaker 3: To help them win the next election. Now this is
8:12
Speaker 3: a scandal.
8:13
Speaker 2: As Peeda Costello often used to say, you can't trust
8:16
Speaker 2: Labor with money, and almost nothing vindicates that judgment more
8:22
Speaker 2: than there's a vandalization today of his great legacy to Australia.
8:32
Speaker 2: See why this will be a key election issue. Let's
8:36
Speaker 2: got a camber now for the headline. Sky News political
8:38
Speaker 2: reporter Olivia Caysley.
8:41
Speaker 8: Instagram, Facebook and x could face fines of up to
8:44
Speaker 8: fifty million dollars for breaching Labour's proposed social media band
8:49
Speaker 8: for under sixteen year olds in legislation table to Parliament today.
8:53
Speaker 8: The owners will be on the platforms to take steps
8:56
Speaker 8: to prevent young people from having an account. The age
8:59
Speaker 8: restrictions will apply to apps such as TikTok, Snapchat and Instagram.
9:03
Speaker 8: Others such as YouTube and WhatsApp will be exempt. Under
9:07
Speaker 8: sixteens will have to get off the apps, even if
9:10
Speaker 8: they have their parents' permission to use them. The Coalition
9:13
Speaker 8: is expected to support the laws.
9:15
Speaker 7: We're very strongly supportive of addressing this. Parents are crying
9:18
Speaker 7: out for help in this area. We're certainly not going
9:21
Speaker 7: to stand in the way of it.
9:22
Speaker 8: If the legislation passes, the ban will take twelve months
9:25
Speaker 8: to come into effect. Treasure Gem Charmers has defended his
9:29
Speaker 8: tweaks to the mandate of the two hundred and thirty
9:31
Speaker 8: billion dollar Future Fund, saying these changes are aimed at modernization.
9:36
Speaker 6: The primary objective of the fund is to maximize returns.
9:40
Speaker 6: We haven't changed our expectations of risk. We haven't changed
9:44
Speaker 6: our expectations of rate of return.
9:47
Speaker 8: He's denied criticism the refocus is a misuse of taxpayer funds.
9:52
Speaker 2: Why would you fiddle with something that's actually making a
9:54
Speaker 2: good return.
9:55
Speaker 4: The Future Fund is Australian's money, it's not the Treasurer's money.
10:00
Speaker 8: Minister and former Labor Leader Bill Shorten has delivered his
10:03
Speaker 8: valedictory address to the House of Representatives. He thanked his
10:07
Speaker 8: family and voters in his Marrabanong electorate.
10:10
Speaker 5: And for the last time I thank the House.
10:19
Speaker 8: Opposition Leader Peter Dutton said mister Shorten would have made
10:23
Speaker 8: a fine Prime minister.
10:24
Speaker 4: He has the best political judgment on the front bench
10:27
Speaker 4: of the Train Labor Party.
10:28
Speaker 8: Well, Anthony Alberanezi thanked him for his contribution to the party.
10:32
Speaker 9: He has a great deal to celebrate and so much
10:35
Speaker 9: to be proud of.
10:40
Speaker 2: Very telling that all the valedictories are happening this side
10:42
Speaker 2: of Christmas, when the Prime Minister wants to tell us
10:45
Speaker 2: he'll be there in the Parliament until May, I think not. Well,
10:48
Speaker 2: let's get into those headlines. I'm joined now by News
10:51
Speaker 2: Corps senior writer at the Herald Sun, columnist of course,
10:53
Speaker 2: Patrick Carline.
10:54
Speaker 3: And chief of staff for Paul and Hands James Ashby.
10:57
Speaker 2: Well, Jens, I want to start with a future I
11:00
Speaker 2: think this is absolutely huge news today they're overturning almost
11:05
Speaker 2: twenty years of bipartisanship on this three hundred billion dollar fund.
11:09
Speaker 2: It will now be reprioritized towards political priorities. The government
11:14
Speaker 2: might want to call them national priorities, but they're green boondoggles.
11:17
Speaker 3: They're housing investments of a whole lot of other things.
11:21
Speaker 2: Costello's out of the way, so now they're going to
11:23
Speaker 2: do it under the new chairman. This is former union leader,
11:26
Speaker 2: of course, a Labor minister Greg Kombay, he won't oppose
11:29
Speaker 2: Labour's plans.
11:30
Speaker 3: James T. What's so much for the independence of the
11:33
Speaker 3: Future Fund? I think it's bust now, yeah.
11:38
Speaker 10: And when you put it this way, Labor were the
11:40
Speaker 10: ones that signed us up to the San Diego Principles
11:44
Speaker 10: and at number nine independence is clearly stated.
11:47
Speaker 11: And that is something they've gone against here.
11:49
Speaker 10: So I'm not even sure whether they're going to live
11:52
Speaker 10: up to the standards they set for themselves. As you say,
11:54
Speaker 10: the new CEO is Greg Combay, who was in charge
11:57
Speaker 10: of the portfolio for Environment, so that's very telling in
12:01
Speaker 10: its own right. Again, it's another appointment jobs for the
12:04
Speaker 10: boys here in Labour's case. But we are talking about
12:08
Speaker 10: a fund that was established almost two decades ago. It's
12:11
Speaker 10: come leaps and bounds from the initial sixty billion that
12:14
Speaker 10: was injected from the Get Go. Now worth two hundred
12:17
Speaker 10: and thirty billion, it's the ninth richest sovereign wealth fund
12:21
Speaker 10: in the world. And at the rate we're going, we're
12:24
Speaker 10: going to slide down that list ever so slowly as
12:27
Speaker 10: this Labor Party destroys what should be the nest egg
12:31
Speaker 10: or the time capsule for those people into their retirement
12:35
Speaker 10: age or to those veterans.
12:36
Speaker 11: So we have a great deal of gratitude.
12:39
Speaker 10: Too, and we should be paying for their futures out
12:41
Speaker 10: of this, but instead labor are destroying it.
12:46
Speaker 3: I think it'll be a patrick.
12:48
Speaker 2: I think it'll be an election issue if it is
12:50
Speaker 2: properly explained to Australians because the government has to pay
12:54
Speaker 2: these pensions. The fund right now pays them and the
12:57
Speaker 2: capital keeps increasing and they run for the interest and
13:01
Speaker 2: people can understand that pretty simply. But if that fund
13:04
Speaker 2: is brought down, if it invests in boondoggles, if it
13:07
Speaker 2: starts to lose money, as you might expect, it will
13:10
Speaker 2: then out of the underlying budget, the money that we
13:12
Speaker 2: need today to pay for hospitals, or to pay for
13:15
Speaker 2: age care, or to pay for schools that will have
13:18
Speaker 2: to be redeployed to pay for veterans pensions. So this
13:21
Speaker 2: is why it matters to Australians today, because it's the
13:24
Speaker 2: opportunity cost, it's the money lost on all the other
13:28
Speaker 2: things the budget right now has to fund that we need,
13:31
Speaker 2: you know, quite immediately. And I think labor's labors a
13:35
Speaker 2: matterial mistake here.
13:38
Speaker 4: I think you're right, it's going to be a massive
13:40
Speaker 4: election issue. The Coalition is going to go to town
13:42
Speaker 4: on it. It fits into their narrative that Labor wants
13:46
Speaker 4: to take your money and wants to spend it badly
13:48
Speaker 4: and wants to spend.
13:49
Speaker 5: A lot of it as well. I'm surprised. I agree
13:52
Speaker 5: with you.
13:53
Speaker 4: I think the timing means it is definitely going to
13:55
Speaker 4: be an election issue.
13:56
Speaker 5: And I think, look, the.
13:57
Speaker 4: Coalition had done a good job today of pushing this.
14:00
Speaker 5: This is our money.
14:01
Speaker 4: This is not a government's money to blow on pet
14:03
Speaker 4: projects or anything like that. It's something that's been very successful.
14:07
Speaker 4: It's something that we could actually be very proud of
14:09
Speaker 4: and actually take comforting. We've got two hundred and thirty
14:12
Speaker 4: billion dollars sitting there for a rainy day if need be,
14:16
Speaker 4: for a government to reduce it to politics as a
14:18
Speaker 4: cash crop. I think is a massive election issue and
14:21
Speaker 4: the Coalition will just push it and push it and
14:23
Speaker 4: push it quite rightly.
14:27
Speaker 2: I want to stay on this whole issue with the
14:28
Speaker 2: finances too, with you.
14:29
Speaker 3: James.
14:30
Speaker 2: Reserve Bank and the IMF, the International Monetary Fund, both
14:34
Speaker 2: say that government spending is contributing to higher inflation in Australia,
14:39
Speaker 2: but a new report out today from the Center for
14:41
Speaker 2: Independent Studies warns that federal and state governments set to
14:45
Speaker 2: spend one hundred and ten billion dollars off budget over
14:49
Speaker 2: the next four years. So over the forward estimates, it
14:52
Speaker 2: means the government, the federal government's almost sixteen billion dollar
14:56
Speaker 2: budget surplus is actually dwarfed by seventy seven billion dollars
15:01
Speaker 2: that it's got sitting off the books. Now, come on, James,
15:05
Speaker 2: you and I know what this is. This is junk accounting.
15:10
Speaker 10: Well, this money is supposed to be spent on assets
15:13
Speaker 10: for the country of The NBN was supposed to be
15:15
Speaker 10: an asset, and we know very well that if it
15:17
Speaker 10: was to.
15:18
Speaker 11: Be sold today, no one would buy it.
15:20
Speaker 10: They'd buy it for a song if they did, and
15:22
Speaker 10: it wouldn't return a profit for any private enterprise. One
15:25
Speaker 10: that was supposed to only cost around twenty five twenty
15:28
Speaker 10: six billion, it's already blown out to almost sixty billion.
15:32
Speaker 10: And part of this money that they're talking about over
15:35
Speaker 10: the next four years is again to go into a
15:37
Speaker 10: dog's breakfast, being the NBN. So more of that money
15:41
Speaker 10: is supposed to go into education. Well, if we're supposed
15:44
Speaker 10: to be investing in our future youth, for jobs of
15:48
Speaker 10: the future. Why have we got eighty billion dollars worth
15:52
Speaker 10: of student debts sitting there in the background In the
15:54
Speaker 10: first place, these are again off the books amounts of
15:57
Speaker 10: cash that Australians must be sitting at high scratching their
16:00
Speaker 10: head saying, well, when are we going to get that
16:02
Speaker 10: money returned to us?
16:03
Speaker 11: So these are bad investments.
16:05
Speaker 10: Again, this is a government who know how to spend money,
16:08
Speaker 10: but they quickly forget where it comes from everyday people
16:11
Speaker 10: like you and I and those people watching at home.
16:14
Speaker 11: Right now, you.
16:17
Speaker 2: Add it all in together, you take away the off budget,
16:19
Speaker 2: you put the off budget on budget. There is no
16:21
Speaker 2: surplus Australia, absolutely no surplus.
16:24
Speaker 3: Now, how's this for stupidity?
16:26
Speaker 2: Yesterday Victoria's Department of Transport and Planning, they were in
16:29
Speaker 2: hearings and they fessed up.
16:32
Speaker 3: That five out of the six types of trains that
16:36
Speaker 3: are currently running in Melbourne, five out of the six
16:39
Speaker 3: models of.
16:40
Speaker 2: Trains won't be able to use the new fourteen billion
16:43
Speaker 2: dollar metro chunnel. The project director said, look, you know
16:48
Speaker 2: this is in line with international best practice. How on earth, Patrick,
16:53
Speaker 2: do you spend billions of dollars on a new metro
16:56
Speaker 2: tunnel system and find that basically none of you a
16:59
Speaker 2: try actually fit in.
17:04
Speaker 5: It's unbelievable, Peter.
17:05
Speaker 4: It sounds like three year old's playing Thomas the Tank Engine,
17:08
Speaker 4: and it's something that's so emblematic or Victoria at the moment.
17:12
Speaker 4: We don't get things right. I mean, how can you
17:15
Speaker 4: What are the passengers going to do? Are they going
17:16
Speaker 4: to change trains once they've gone through the tunnel? I mean,
17:19
Speaker 4: this tunnels cost thirteen billion dollars. There's been street closures,
17:23
Speaker 4: it's been going on for years and years and years,
17:25
Speaker 4: and now we discover that most of the trains that
17:27
Speaker 4: run on our tracks actually won't fit into it.
17:30
Speaker 5: It just sounds distinctly Victorian.
17:33
Speaker 4: And when I say that, I mean the Victoria the
17:35
Speaker 4: last few years where we don't finish projects, we don't
17:37
Speaker 4: do them on time, and we don't get them right.
17:40
Speaker 4: You just got to look at the roads at the
17:42
Speaker 4: moment and the potholes. I mean, Victoria is a.
17:44
Speaker 5: State of disrepair and it is really.
17:49
Speaker 4: Going to the dogs. And Victorians feel like it's going
17:51
Speaker 4: to the dogs. We're not proud of Victoria at the moment.
17:53
Speaker 4: It's embarrassing and a small example. No, it's just another
17:58
Speaker 4: small example of that sort of shame that we're starting
18:01
Speaker 4: to feel for our state government and how we do things.
18:04
Speaker 4: The rest of the country is doing it so much better.
18:06
Speaker 2: At the moment, Patty, you and I are about the
18:09
Speaker 2: same vintage, you know. I remember finishing university. We're in
18:13
Speaker 2: the middle of a recession. Victoria, of course, was a
18:15
Speaker 2: deep recession. We lost the state bank, we'd had the
18:18
Speaker 2: pyramid collapse. I remember my law professors say everyone should
18:24
Speaker 2: plan on a long degree, stay here as long as
18:26
Speaker 2: you like, because you won't get a job in Victoria
18:28
Speaker 2: for the next decade. And then of course the long
18:30
Speaker 2: came Kennet and Victoria got its mojo back. You were
18:33
Speaker 2: happy to go into state and say you were from Victoria. Before,
18:36
Speaker 2: you know, you didn't want to tell anyone where you
18:38
Speaker 2: were from. I feel like that now, and I think
18:41
Speaker 2: a lot of Victorians do.
18:44
Speaker 4: Look Jeffery used to talk about Victorian skies and how
18:47
Speaker 4: blue they were, and I mean he really pushed that
18:49
Speaker 4: that sort of very parochial sort of Victorians are best
18:52
Speaker 4: sort of attitude, and at times you might, you know,
18:56
Speaker 4: you might have creeaged at times, but he pushed it
18:57
Speaker 4: really hard, and people felt it through the nineties coming out.
19:00
Speaker 5: Of the recession.
19:02
Speaker 4: We're back, we we're back, feeling as you were saying
19:05
Speaker 4: back at nineteen ninety, at this point where things don't
19:08
Speaker 4: go right, there's no money, there's more taxes, people don't
19:12
Speaker 4: want to do business in Victoria. It really it sort
19:15
Speaker 4: of has that smells that Adelaide perhaps had in the eighties,
19:18
Speaker 4: let's say, or Brisbane in the seventies. Victoria of twenty
19:22
Speaker 4: twenty four fee was like Victoria nineteen ninety.
19:26
Speaker 2: Yeah, come on, in Victorian opposition, pull your finger out,
19:29
Speaker 2: all right, let's go to very tough words today from
19:32
Speaker 2: the boss of Australia's biggest electricity user. This is Tommygo Aluminum.
19:37
Speaker 2: The company says its goal of switching to mostly clean
19:40
Speaker 2: power by twenty thirty is not achievable. It's blaming increasing
19:45
Speaker 2: costs and concerns over intermittent supply as a grid moves
19:48
Speaker 2: towards wind and solar. A recent company review found Australia
19:51
Speaker 2: simply didn't have enough renewable energy and infrastructure to meet
19:56
Speaker 2: any sort of target, let alone the plant's target.
20:00
Speaker 3: Well, James, we know this.
20:02
Speaker 2: We can look at the government's policy time frame and
20:05
Speaker 2: know it's not going to work, but tom Ago is
20:07
Speaker 2: a massive industry player in Australia and we're hanging our
20:12
Speaker 2: big manufacturers out to dry.
20:18
Speaker 1: Yeah.
20:18
Speaker 10: Sure, and this is why the discussion on nuclear energy
20:22
Speaker 10: needs to be fast tracked.
20:23
Speaker 11: And I'm proud of the fact.
20:24
Speaker 10: That one nation a very supportive of the Coalition's plan
20:27
Speaker 10: to at least take this to the election. I think
20:29
Speaker 10: it is one of the most important issues that we
20:32
Speaker 10: can put on the table for Australians to consider. Chris
20:35
Speaker 10: Yelman and Sky did a wonderful job this week with
20:38
Speaker 10: that one hour documentary and if you haven't seen it,
20:40
Speaker 10: go back and watch it. It's one of the best
20:43
Speaker 10: simplified understandings for everyday Australians to know exactly that we
20:49
Speaker 10: will never ever meet the needs of this country with
20:51
Speaker 10: renewable energy. And just like Tommicgo, Queensland is faced with
20:55
Speaker 10: the same issues. We've got some terrific smelters and they
21:00
Speaker 10: exist in my neck of the woods around Gladstone. Again
21:02
Speaker 10: that we shut down, we'll lose thousands of jobs as
21:05
Speaker 10: a result of it. And again manufacturing, which makes up
21:08
Speaker 10: just five percent of GDP in this country, it used
21:11
Speaker 10: to make up around twenty five percent back in the
21:13
Speaker 10: fifties and sixties will be denigrated all for the worse
21:17
Speaker 10: of this country, especially if we as a nation go
21:20
Speaker 10: to war and there's issues with.
21:24
Speaker 11: Our players internationally.
21:26
Speaker 10: So look, these need to be dealt with, and Australians
21:29
Speaker 10: need to look very seriously at that nuclear energy moving forward.
21:35
Speaker 2: And we will need aluminum. We don't get it from
21:37
Speaker 2: time ago. We'll have to import it. Sure, we'll import
21:40
Speaker 2: it from China until such time as China doesn't want
21:42
Speaker 2: to give it to us anymore.
21:43
Speaker 3: Jens, thank you, have a good weekend.
21:45
Speaker 2: Let's go to Victoria now, where despite the majority of
21:48
Speaker 2: Victorians voting no to the Voice last year, the Government
21:51
Speaker 2: of Victoria is persisting with treaty negotiations, officially kicking them
21:56
Speaker 2: off today.
21:57
Speaker 12: The path I'm committed to, the path I'm determined to
22:02
Speaker 12: walk on with first peoples in this state is the
22:05
Speaker 12: path towards treaty.
22:06
Speaker 3: And why I am.
22:07
Speaker 12: So determined to walk on this path is because I
22:10
Speaker 12: am guided by the evidence.
22:14
Speaker 2: Joining me now, Shadow Indigenous Australian's Minister just into nampajinproprice.
22:19
Speaker 2: We'll Senator welcome. We'll get to some other federal issues
22:22
Speaker 2: at a moment. But where's the mandate for a treaty in
22:25
Speaker 2: Victoria that's going to pit some Victorians against other Victorians
22:30
Speaker 2: when even woke Victoria rejected the voice.
22:35
Speaker 13: I look exactly, Peter.
22:37
Speaker 14: I mean, where's the mandate to go forward with treaty?
22:40
Speaker 14: But also where's this evidence that the Premiere is talking
22:44
Speaker 14: about with relations in relation to treaty going forward. I
22:49
Speaker 14: was just in New Zealand a couple of weeks ago
22:52
Speaker 14: speaking to the government there and they have been telling me,
22:56
Speaker 14: and we're talking, you know, they've got various different parties
22:58
Speaker 14: with mighty people right throughout and they have told me
23:02
Speaker 14: that the treaty has.
23:05
Speaker 13: Not worked for them in New Zealand.
23:07
Speaker 14: The White Tonguey Tribunal that was set up because of
23:10
Speaker 14: the treaty has actually set.
23:12
Speaker 13: New Zealand backward.
23:14
Speaker 14: And what they have now is a tribunal that is
23:17
Speaker 14: against that is anti development, has done nothing to support
23:22
Speaker 14: marginalized martyrs in that country, which is why they're now.
23:26
Speaker 13: Looking at all these reforms before them.
23:29
Speaker 14: So I don't know what the Premiere is talking about
23:32
Speaker 14: when she's talking about evidence.
23:36
Speaker 3: Now it's shocking.
23:37
Speaker 2: We will stay on that issue and of course it'll
23:40
Speaker 2: include big reparations. Will come back to that another time,
23:43
Speaker 2: but let's go to that motion. We were going to have
23:46
Speaker 2: a chat last night. Of course, you were caught up
23:47
Speaker 2: on the Senate floor putting for the arguments for an
23:51
Speaker 2: urgent inquiry into the whole use the growing use of
23:55
Speaker 2: cultural heritage laws. We've talked before about the Blamy gold
23:58
Speaker 2: mine in New South Wales, talked before, of course about
24:01
Speaker 2: the climbing mounted rapodes in Victoria, the closure of Mount
24:06
Speaker 2: Warning in New South Wales, and also the proposed closure
24:09
Speaker 2: of Lake Air in South Australia. Now I understand it's
24:13
Speaker 2: not been put to a vote yet, but just run
24:16
Speaker 2: us through where you think this might be and why
24:18
Speaker 2: is it so important just center to have a fed
24:20
Speaker 2: income inquiry at a federal level.
24:25
Speaker 14: Look, it's really important, Peter, because what we're seeing is
24:28
Speaker 14: the weaponization of the Cultural Heritage Act. For so that
24:35
Speaker 14: you know, those who are against development in this country,
24:40
Speaker 14: the activists are utilizing this in.
24:43
Speaker 13: Order to stop development, in.
24:45
Speaker 14: Order to stop access to parts of our country for
24:48
Speaker 14: the benefit of all Australians, and as far as I'm concerned,
24:51
Speaker 14: it's utterly un Australian and it's not what this act
24:55
Speaker 14: was designed to do. So we need this inquiry because
24:59
Speaker 14: we need to understand as impacts, especially when you've got
25:03
Speaker 14: governments like the Victoria government who will go ahead and
25:06
Speaker 14: shut down access for climbers to mount our police where
25:10
Speaker 14: the climbers did not have the opportunity to be consulted
25:14
Speaker 14: in that process about how it might affect them. It's
25:16
Speaker 14: going to damage tourism in the area for small communities.
25:20
Speaker 13: That might have to then get shut down.
25:22
Speaker 14: Because they rely on tourism in their area to actually
25:26
Speaker 14: stay alive. I mean, this has repercussions right across our country.
25:30
Speaker 14: And we've got Minister Plibasek who's shut down the gold mine.
25:34
Speaker 13: She doesn't seem to.
25:35
Speaker 14: Care that the local land council, we're all in favor
25:38
Speaker 14: of it, one of the jobs and the opportunity not
25:41
Speaker 14: just for them but for the wider community as well.
25:44
Speaker 14: And we can't continue down this path without really understanding
25:47
Speaker 14: the impacts. And that's why we need this inquiry.
25:52
Speaker 3: Youre getting a fair hearing from the Crossbench.
25:57
Speaker 13: Yeah, look, there is some hope.
26:00
Speaker 14: We will see how the cross Bench fares. We know
26:03
Speaker 14: that there are some senators who like to feel like
26:06
Speaker 14: they would get out a deal out of the government
26:09
Speaker 14: if they support the government's wishes in this. We'll wait
26:13
Speaker 14: and see until for it to come to the vote.
26:15
Speaker 14: But they do need to keep in mind this also
26:18
Speaker 14: affects the impacts of treaty as well, which is part
26:21
Speaker 14: of what forms part of the motion as well the
26:24
Speaker 14: possible impact of treaty across our country. And we only
26:27
Speaker 14: need to understand this before we toddle along down this road.
26:31
Speaker 14: We've seen the negative impact so far with the Bladed decision.
26:34
Speaker 14: Of course, the other areas of our country. We need
26:37
Speaker 14: to understand it more broadly. And I do hope the
26:39
Speaker 14: Cross benches are smart enough having their minds what it
26:44
Speaker 14: means to represent all Australians in this going forward, so
26:48
Speaker 14: that we can make better decisions.
26:52
Speaker 2: Hey, just before we go Cricket Australia, they've come out
26:55
Speaker 2: to say that they'll continue to schedule matches on Australia Day.
26:59
Speaker 2: There's a few activists, of course, who don't want this
27:01
Speaker 2: to happen. They say it is insensitive. However, they say
27:05
Speaker 2: that they will consult with indigenous groups about fixtures on
27:09
Speaker 2: the day moving forward. How about consulting with everyone, not
27:14
Speaker 2: just indigenous.
27:15
Speaker 13: Groups exactly right.
27:18
Speaker 14: How about the fans of cricket right across the country.
27:22
Speaker 14: You know, why is it that all of a sudden
27:25
Speaker 14: the cricket Australian groups like this have to turn around
27:30
Speaker 14: and say we better consult a group of Indigenous Australia.
27:33
Speaker 13: Which ones? Which Indigenous Australians are you going to consult?
27:36
Speaker 14: Those who were in favor of activism and changing the
27:42
Speaker 14: date of Australia Day Or those who are proud to
27:44
Speaker 14: call themselves Australian in this country, who voted No during
27:47
Speaker 14: the referendum, who are sick to death of the separatism
27:51
Speaker 14: and being painted as victims constantly. I think again, in sports,
27:56
Speaker 14: we just need to get on with it. We need
27:58
Speaker 14: to get on with what it means to be Australia.
28:00
Speaker 14: Sport needs to stick to sport and stay out of politics.
28:04
Speaker 3: One hundred percent. You made that point last year and they.
28:07
Speaker 2: Still know bloody while listening, thank you just seeing that safe.
28:10
Speaker 3: Try pome all right after the break.
28:11
Speaker 2: Labor's decision to gamble the Future Fund on their political
28:14
Speaker 2: priorities will turn our sovereign wealth fund into a slush fund,
28:19
Speaker 2: says Peter Costello Ross Greenwood after the break puts a
28:22
Speaker 2: bit later on the shocking stage of the Defense Force,
28:25
Speaker 2: with morale hitting a new low. Welcome back, Stell to
28:32
Speaker 2: come the very clear targeting of Jewish Australians with rampant
28:36
Speaker 2: anti Semitic vandalism in Sydney overnight and still very little leadership. First,
28:42
Speaker 2: let's return to Labour's changes to the Future Fund, because
28:45
Speaker 2: they're not even trying to hire their contempt for the taxpayer,
28:49
Speaker 2: with plans to seeing potentially billions into their green left
28:52
Speaker 2: political priorities. Join me now to discuss this our Sky
28:56
Speaker 2: News Business.
28:56
Speaker 3: Editor Ross Greenwood.
28:58
Speaker 2: Well, you and I will both remember I was in
29:01
Speaker 2: the Parliament at the time when the Future Fund was
29:03
Speaker 2: established in two thousand and five. It was meant to
29:06
Speaker 2: strengthen our long term financial position, and for almost twenty years,
29:10
Speaker 2: all credit to Kevin Rudd and Julia Gillard, there's been
29:14
Speaker 2: bipartisanship on the fund. Now, I was shocked by today's move, Ross,
29:19
Speaker 2: What did you make of it?
29:21
Speaker 3: Oh?
29:21
Speaker 15: Look, to be honest, Peter, I was in the same camp.
29:24
Speaker 15: Because it's all very well to sit there and say
29:26
Speaker 15: we're going to adjust the mandate for the times, but
29:29
Speaker 15: the reality is a future fund has sat there for
29:31
Speaker 15: all this time with the one mandate and I've gone
29:34
Speaker 15: through it today and how to read it that mandate,
29:36
Speaker 15: And having been the chairman of investment committee of a
29:39
Speaker 15: superranuation fund, a big superranuation fund, I kind of understand
29:42
Speaker 15: how these things work. And the idea is that this
29:46
Speaker 15: fund is supposed to at his very core basically produce
29:50
Speaker 15: a return of between four and a half and five
29:52
Speaker 15: and a half percent above inflation, and so that's the key.
29:55
Speaker 7: So over the years it's built up.
29:57
Speaker 15: Now the reality is it's there for public servants pensions
30:01
Speaker 15: in the future and the Treasurer today did say is
30:05
Speaker 15: not going to actually touch it or tap the fund
30:07
Speaker 15: for another eight years, so it's going to continue to grow.
30:10
Speaker 7: Now by that time many.
30:12
Speaker 15: Of those public servants will grow old enough and they
30:14
Speaker 15: will need to start to take money out of this fund.
30:17
Speaker 15: But the reality is you want to build it up
30:19
Speaker 15: to the maximum that you possibly can. But there's another
30:22
Speaker 15: number I want to show you today and share with you,
30:24
Speaker 15: and that is a number of the amount of government
30:27
Speaker 15: debt that's on issue right now according to the Australian
30:30
Speaker 15: officeer Financial Management. So again I'll check this today. That
30:33
Speaker 15: number as we sit here is nine hundred and forty
30:36
Speaker 15: nine point three billion dollars of government debt on issue,
30:41
Speaker 15: So it is precipitously close to one trillion dollars that
30:45
Speaker 15: the treasurer at Jim Chalmers has continued to lambasted the
30:49
Speaker 15: Coalition over in regards to the debt that they inherited
30:53
Speaker 15: when the Labor Party took office. So the Labor Party
30:57
Speaker 15: itself now is very close to a trillion.
31:00
Speaker 7: Dollars worth of debt.
31:02
Speaker 15: So if the government right now wants to invest more
31:05
Speaker 15: money and keep on spending, and remember this is already
31:08
Speaker 15: one of the highest taxing governments in history, it needs
31:11
Speaker 15: to find other ways to try and set its agenda.
31:14
Speaker 15: What would be easier than superannuation funds, and particularly the
31:18
Speaker 15: government controlled superannuation fund, the Future Fund, to actually tell
31:23
Speaker 15: it that it should be investing in, say more housing.
31:26
Speaker 15: Remember the government's promised one point two million homes. It's
31:29
Speaker 15: not going to build those. Remember also that it needs
31:32
Speaker 15: more green energy because we've got a shortage of energy
31:35
Speaker 15: in this country and we'll have an ongoing shortage of energy.
31:38
Speaker 15: Wants more wind farms, more solar farms, presumably, but you
31:41
Speaker 15: know the fact is if these were such good investments,
31:44
Speaker 15: guess what the future Fund would already be investing in them,
31:47
Speaker 15: and in some cases already has.
31:49
Speaker 7: But that is its independent.
31:51
Speaker 15: Decision, not dictated to by the Treasurer saying I think
31:55
Speaker 15: you should look here.
31:59
Speaker 3: Petericoste that very point.
32:00
Speaker 2: He says, you know, you don't change something to keep
32:03
Speaker 2: doing what it's already doing.
32:05
Speaker 3: You change it to force it to do something different.
32:09
Speaker 2: And in this case it's political priorities that you quite
32:12
Speaker 2: rightly say, if the Fund thought they stacked up, if
32:17
Speaker 2: they were in that band of rate of return, they'd
32:20
Speaker 2: already be investing in them. The sheer fact that they
32:23
Speaker 2: are not, that they are not means that they don't
32:27
Speaker 2: stack up, so they'll be forcing the Fund to go
32:31
Speaker 2: down this path. And now with Greg Combay at the Helm,
32:34
Speaker 2: he was the Climate Change Minister. He loved the carbon tax,
32:38
Speaker 2: he loved the rud scheme. I mean, this is manor
32:41
Speaker 2: to heaven.
32:42
Speaker 7: Well, remember that he's not just only.
32:46
Speaker 15: The former climate change and the energy efficiency minister right
32:49
Speaker 15: in the Gillard government, but he was also the chair
32:51
Speaker 15: of the government's net zero Economy Agency. So when he
32:55
Speaker 15: comes out and says, look, we think this is all
32:56
Speaker 15: absolutely fine. What do you reckon he's talking about. So
32:59
Speaker 15: this is where again a government agency that is supposed
33:03
Speaker 15: to be independent is all of a sudden being pushed
33:06
Speaker 15: around by the government of the day, just changing the lives.
33:08
Speaker 7: You can see it with the Reserve Bank right now.
33:10
Speaker 15: Of course, the Reserve Bank was there to basically fight inflation,
33:14
Speaker 15: and that is what it largely has done. This government
33:17
Speaker 15: has come in, Jim Charmon's said, oh, by the way,
33:19
Speaker 15: not just inflation, but also make certain that everybody keeps
33:22
Speaker 15: their jobs. In other words, put pressure on interest rates
33:25
Speaker 15: to be cut. And this, of course you can see
33:27
Speaker 15: the jaw boning of the Reserve Bank. You should be
33:29
Speaker 15: cutting rates. It's coming down, cut the rates, and the
33:33
Speaker 15: Reserve Bank is to its absolute credit, standing firm and
33:36
Speaker 15: saying no, we're going to address the inflation issue because
33:39
Speaker 15: if that gets out of hand long term, that's going
33:42
Speaker 15: to be a big problem.
33:43
Speaker 7: Well, on the other hand, now you've got the Future Fund.
33:45
Speaker 15: They're saying, listen, you should invest in all these areas
33:48
Speaker 15: as a priority, and me, as an ordinary person, says, well,
33:52
Speaker 15: how do we know that that is the priority to
33:55
Speaker 15: actually fulfill the aims of achieving those returns.
33:58
Speaker 7: You simply don't. And remember, we already have a clean
34:01
Speaker 7: Energy Finance Corporation.
34:02
Speaker 15: It's handing out billions of dollars to all sorts of
34:05
Speaker 15: schemes in this area.
34:07
Speaker 7: So now, why do we need another thing which.
34:09
Speaker 15: Is set up to create pensions to do precisely the same.
34:12
Speaker 3: Thing, because they need the money.
34:16
Speaker 2: The problem is, you know, Costello makes the point today,
34:18
Speaker 2: all these other green funds where God are not getting
34:20
Speaker 2: anywhere near the returns as the Future Fund is getting.
34:24
Speaker 2: And it's inaugural chairman, the former banker David Murray. He
34:28
Speaker 2: says that these changes are boondog or budgeting. So he's scathing.
34:32
Speaker 2: Costello's scathing. People at home might be saying, why, okay, Peter,
34:36
Speaker 2: but it's there just to pay public service pensions. Yes,
34:39
Speaker 2: it is, and military pensions. But we are on the
34:42
Speaker 2: hook for those as taxpayers, so we have to pay
34:45
Speaker 2: for them. And if we don't pay for them out
34:48
Speaker 2: of a well performing future fund in eight, ten, fifteen
34:51
Speaker 2: years time, we're paying for them out of our underlying budget.
34:55
Speaker 2: So they're coming out of the budget that today is
34:57
Speaker 2: supposed to fund Medicare or row or hospitals, all the
35:01
Speaker 2: other things we want to do. This meant when it
35:04
Speaker 2: was established that those liabilities of superinnuation liabilities were taken
35:09
Speaker 2: care of, which when you're in government, as you would know, Ross,
35:13
Speaker 2: it's a great load off your mind to know that
35:15
Speaker 2: that big loom in debt, just like your mortgage payment,
35:18
Speaker 2: that's taken care of and you can spend what you've
35:21
Speaker 2: got on what you need today in the household, or
35:24
Speaker 2: this week or next week, not four or five years
35:27
Speaker 2: down the track.
35:28
Speaker 3: That's the problem. And I think this is bastardry, and
35:30
Speaker 3: I think it's going to be an election issue and.
35:33
Speaker 15: One last final thing for you. And this is something
35:35
Speaker 15: that Angus Taylor pointed out today. If this is a
35:38
Speaker 15: mandate over the future fund, then what's to prevent the
35:42
Speaker 15: government creating a similar mandate over your superannuation fund? Four
35:46
Speaker 15: trillion dollars in our superfund. The government suddenly says, well,
35:50
Speaker 15: hang on, we think you would have priorities these areas
35:53
Speaker 15: which we think are in the the nation's interest at
35:56
Speaker 15: the moment. If you're a super fund trustee, your mandated
36:00
Speaker 15: to provide the best and most consistent retirement for individuals
36:04
Speaker 15: who are members at fund. And this goes back to
36:06
Speaker 15: the whole issue of whose money is this. Remember when
36:09
Speaker 15: Paul Keating set up compulsory superannuation, it was you taking
36:13
Speaker 15: responsibility of your own retirement because the government got out
36:17
Speaker 15: of that game because it didn't want the liabilities, and
36:20
Speaker 15: so it put it on you as an individual to
36:22
Speaker 15: take responsibility for your fund and your retirement.
36:26
Speaker 7: What you don't want is a government now coming back.
36:28
Speaker 15: In and saying, actually, we're going to tell you where
36:31
Speaker 15: you can invest that money.
36:32
Speaker 7: That is a very slippery slope.
36:36
Speaker 2: And that's why labor do not want you to use
36:40
Speaker 2: your money out of your super fund for say, a
36:42
Speaker 2: house deposit, because they want to use it on greed projects.
36:45
Speaker 2: And I think that's going to come. That's where we're headed.
36:47
Speaker 2: Ross We'll come back to that, I'm sure again and
36:49
Speaker 2: again it again.
36:50
Speaker 3: Thanks for your time.
36:51
Speaker 2: Huge news today on the future Fund or after the
36:54
Speaker 2: break we're getting get into this anti Semitic vandalism in
36:57
Speaker 2: Sydney overnight. But also I've got to tell you what
36:59
Speaker 2: happened at the G twenty some shocking news. They didn't
37:02
Speaker 2: even have a press conference. That's relevant too. Plus the
37:06
Speaker 2: plan by the government to allow your chemist to call
37:09
Speaker 2: themselves a doctor.
37:11
Speaker 3: Now what's happening here? I've got a health expert to
37:13
Speaker 3: try and explain. After the break.
37:19
Speaker 2: Welcome back, still the cown and the dire state of
37:20
Speaker 2: our defense force morale as the top brass failed the
37:23
Speaker 2: leadership test. But first I want to go to shocking
37:27
Speaker 2: anti Semitic attacks in Sydney's eastern suburbs. But I've seen
37:30
Speaker 2: cars and properties vandalized with anti Israel graffiti when vehicle
37:35
Speaker 2: was torched. The attacks took place around twelve thirty am
37:38
Speaker 2: this morning in Walara, a suburb which has thousands of
37:41
Speaker 2: Jewish residents. Joined me in our Executive Council of Australian
37:45
Speaker 2: Jury co chair Alex Rifkin, Alex, thank you for your time.
37:50
Speaker 3: I say this every time we talk.
37:52
Speaker 2: I wish we were talking under better circumstances. But I mean,
37:55
Speaker 2: these are shocking scenes in Sydney. How's the community on
37:59
Speaker 2: the ground, how they feel?
38:01
Speaker 9: Well, Look, they're distressed and they're they're upset by this.
38:04
Speaker 9: And not just the Jewish community. I mean Blaa is
38:08
Speaker 9: a very mixed area. There are Jewish communal facilities in
38:11
Speaker 9: the area, but very many residents obviously aren't Jewish. This
38:14
Speaker 9: affects the whole community, in all of society. And I
38:17
Speaker 9: was there this morning to inspect the damage for myself,
38:20
Speaker 9: and it was everywhere. It wasn't just a few cars,
38:23
Speaker 9: it was up and down the street, it was a businesses,
38:25
Speaker 9: it was on buildings, it was huge, and they covered
38:28
Speaker 9: many streets. They clearly took their time. And there's also
38:31
Speaker 9: a great deal of anger, anger that this has been
38:34
Speaker 9: allowed to happen, that there's been this progression from what
38:36
Speaker 9: we saw in the opera house steps right after October seventh,
38:39
Speaker 9: the university encampments, group media attacks of different kinds, attacks
38:44
Speaker 9: on businesses, and now this happening. You know, the fire
38:46
Speaker 9: bombing of a car could have been so much worse.
38:48
Speaker 9: And there's a sense that we've allowed it to come
38:51
Speaker 9: to this. We as a society, government's police forces, communities
38:54
Speaker 9: have let this happen. And as a result, these extremists,
38:58
Speaker 9: these fanatics, these degenerates have a role in our lives.
39:01
Speaker 9: They determine whether we can freely walk in the CBD
39:04
Speaker 9: on weekends. They determine whether we can enjoy the holiday
39:07
Speaker 9: season and Christmas decorations, and now this So it's a
39:11
Speaker 9: deeply upsetting situation.
39:15
Speaker 2: And history is full of examples where the escalation has
39:19
Speaker 2: happened to people think that it will stall or PEPs
39:22
Speaker 2: go back to where it was, but it's continued at
39:24
Speaker 2: pace because of week leadership really and not enough people
39:28
Speaker 2: speaking out. And that's precisely where we are. This is
39:32
Speaker 2: the trajectory that's happened since October seven, and satadly is
39:35
Speaker 2: happening in Australia.
39:37
Speaker 16: What's been the response from authority is alex all the
39:40
Speaker 16: authorities have condemned it, both politically and the police came out,
39:45
Speaker 16: they had a press conference this morning define this as
39:49
Speaker 16: a racially motivated attack, as a hate crime.
39:52
Speaker 9: They've devoted greater resources to track down the culprits and
39:55
Speaker 9: they've activated a task force to try to get to
39:58
Speaker 9: the bottom of this. And then some or attacks as well.
40:01
Speaker 9: But again everything feels reactive. It feels like we're going
40:04
Speaker 9: around in circles. We're going through the same sort of
40:06
Speaker 9: events for a year now, but things are getting progressively worse.
40:10
Speaker 9: You know, the activists are becoming more brazen. They're fire
40:13
Speaker 9: boling political officers. You know, they're marching openly in the
40:16
Speaker 9: streets with the portraits of terrorist leaders, defying our criminal laws.
40:20
Speaker 9: And now something like this, because so there's a real
40:24
Speaker 9: sense of things getting progressively worse. And again, yeah, I
40:30
Speaker 9: want to.
40:31
Speaker 2: Get a comment from you from the G twenty because
40:33
Speaker 2: this is relevant. The leader's summit wrapped up in READDITIONAIO.
40:37
Speaker 2: It was a talk fest, they all are. There's usually
40:40
Speaker 2: a final press conference. Well at the last minute that
40:42
Speaker 2: was canceled. In the end, they just issued a leader's
40:45
Speaker 2: declaration statement. Now, in that statement there were calls for
40:49
Speaker 2: ceasefires in Gaza and Lebanon, but no international condemnation of
40:55
Speaker 2: the October seven attacks that kicked everything off, nor condemnation
40:59
Speaker 2: of the terror group's hum or.
41:00
Speaker 3: Hezbalah, Now, what did you make of this?
41:04
Speaker 9: I mean it's weak, bordering on laughable, and it shows
41:08
Speaker 9: the vast limits of the international system, and not just
41:10
Speaker 9: on this issue. If you look at the resolution they
41:13
Speaker 9: issued on Ukraine Russia. It was slammed by many Western
41:17
Speaker 9: countries and by the Ukrainians because it didn't even mention
41:19
Speaker 9: the illegal Russian invasion of Ukraine. And this is what
41:23
Speaker 9: our international system is. You know, after World War Two
41:25
Speaker 9: were resolved to have a system of collective security, of strength,
41:29
Speaker 9: of not being bystanders of standing up to aggressors. But
41:33
Speaker 9: you know, everything gets wartered down, everything gets negotiated based
41:37
Speaker 9: on internal domestic political dynamics, and the result is this,
41:41
Speaker 9: this absolute futility. There's nothingness, and it makes you nostalgic
41:44
Speaker 9: for real leadership, for a church, or for a Teddy Roosevelt,
41:48
Speaker 9: someone that can rise above the pettiness of the mediocrity
41:52
Speaker 9: and actually say something of worth. I mean, you wonder
41:54
Speaker 9: if a statement could be issued condemning HMAS, calling for
41:58
Speaker 9: the genuine uncon shall release the hostages, calling for the
42:02
Speaker 9: surrender of that terrorist force, saying that anyone that harbors
42:06
Speaker 9: their terrorist leaders abroad will face sanctions. But we're dreaming
42:09
Speaker 9: because the international system is marked by sloth and parsimony,
42:13
Speaker 9: in paralysis, and nothing of value comes from it.
42:16
Speaker 2: Unfortunately, I share your despair. I felt like that about
42:23
Speaker 2: the UN for some time. But to see the G
42:25
Speaker 2: twenty absolutely dodge. I think their duty to the world,
42:29
Speaker 2: particularly to Israel, I think it's reprehensible. I'll leave it there.
42:33
Speaker 2: Thank you, Alex, thank you, Peter. All right, let's go
42:36
Speaker 2: to a break out of the blue. We've had this
42:39
Speaker 2: terrible report, eightyf morale record lows what's.
42:42
Speaker 3: Going to happen now.
42:43
Speaker 2: But despite Trump's thumping victory election, Denihalism's in. I tell
42:48
Speaker 2: you it's got impacts here in Australia more than that.
42:51
Speaker 2: After break, let's get into it. Spectator columnist Terry Barnes
43:00
Speaker 2: me now and Senator for Queensland the LYMPS James McGrath,
43:04
Speaker 2: Welcome to you both. Let's start with defense morale. A
43:07
Speaker 2: new survey finding at less than a third of the
43:09
Speaker 2: nation's soldiers and sailors believe their commanders are effective as
43:14
Speaker 2: defense morale continues to fall. This is a twenty twenty
43:17
Speaker 2: four Workplace Experience poll found that it's thirty two percent
43:21
Speaker 2: of naval personnel rate their senior leaders as efficient, and
43:24
Speaker 2: that's even worse. In the army, it's down a twenty
43:27
Speaker 2: nine percent. With James McGrath, I wonder if the brass
43:32
Speaker 2: in Russell, in that suburb of camera just down the
43:35
Speaker 2: hill are worried about this, because I certainly am.
43:40
Speaker 1: They should be worried about it. But I don't need
43:42
Speaker 1: a report to tell me that the soldiers based in
43:44
Speaker 1: Queensland are unhappy with the senior leadership and the buck
43:49
Speaker 1: stops with the Defense Minister. Who's more concerned about his
43:52
Speaker 1: golf handicap, and a week Prime minister who's checked out
43:55
Speaker 1: because he's bought his retirement home. The buck really does
43:58
Speaker 1: stop with the political leader ship and that resonates through
44:01
Speaker 1: to the week leadership.
44:02
Speaker 5: We see at.
44:03
Speaker 1: Russell not wrong.
44:06
Speaker 2: What about this plan, Terry Barnes, use your health experience
44:10
Speaker 2: to help us understand how are we going to allow
44:13
Speaker 2: pharmacists to call themselves doctors?
44:16
Speaker 3: What's this about?
44:20
Speaker 17: Well, basically, the Health Minister Mark Butler has told the
44:22
Speaker 17: Pharmacy Guild of Australia at their annual dinner that they're
44:26
Speaker 17: going to support extended study for pharmacists so that they
44:30
Speaker 17: can actually do three or four more years and get
44:33
Speaker 17: to call themselves doctor. And look, I don't begrudge a
44:35
Speaker 17: pharmacists doing that in the sense that it's respectful, hard
44:38
Speaker 17: work put in, but certainly I think in the health
44:42
Speaker 17: professions generally there's too much over use of the title doctor.
44:47
Speaker 17: I mean, we have dentists, we have chiropractice, we even
44:50
Speaker 17: have vets. When you think about it, it's confusing to
44:54
Speaker 17: the consumer, but the consumer is not going to get
44:57
Speaker 17: any better or any worse services result of this.
45:00
Speaker 3: Look but I'll give it backhanded to Mark Butler.
45:02
Speaker 17: No, Peter, because as you are, and I know having
45:05
Speaker 17: worked in politics, so anything that makes the pharmacy guild
45:09
Speaker 17: happy that doesn't cost brillions of dollars must be okay.
45:15
Speaker 2: I do agree with you, though, I think it's brand
45:17
Speaker 2: confusion for someone to have a PhD or some other
45:20
Speaker 2: sort of non medical qualification and use that term in
45:24
Speaker 2: the medical field. I think I think public users of
45:27
Speaker 2: the system need to know that a doctor, someone using
45:30
Speaker 2: the title doctor genuinely is of that sort of qualification.
45:33
Speaker 3: Let's go to some of your campaigning expertise.
45:36
Speaker 2: James McGrath, Labour's national secretary, fronted up to the caucus
45:40
Speaker 2: on Tuesday and says, don't worry. I know you're a
45:42
Speaker 2: bit nervous about the polls. We're going to win the
45:45
Speaker 2: election because we will not repeat the mistakes of a
45:48
Speaker 2: Kamala Harris campaign. They said against Donald Trump, we're not
45:52
Speaker 2: going to focus on personality.
45:53
Speaker 3: We're going to focus on policy.
45:55
Speaker 2: This is Paul Ericsson, but of course they're already saying
45:59
Speaker 2: they're going to target absolutely targeted in a very personal way.
46:04
Speaker 2: Peter Dutton now backfight of the United States. I think
46:08
Speaker 2: Australians have had a good look at Dutton.
46:09
Speaker 3: They've known it for.
46:10
Speaker 2: Nearly twenty five years. They've made their assessments of him personally,
46:13
Speaker 2: haven't they. What do you make of this strategy?
46:17
Speaker 1: If they want to make the next election a referendum
46:19
Speaker 1: on Peter Dutton, bring it on, because Peter, with his
46:23
Speaker 1: decades of experience and his decades of leadership, will smash
46:27
Speaker 1: Labor every single time. But this is a Labor party
46:30
Speaker 1: with people like Kanya Pleversek who called Peter Dutton the
46:34
Speaker 1: Voldemort of politics, referring to one of the bad characters
46:38
Speaker 1: out of the Harry Potter series. This is a Labour
46:40
Speaker 1: party who wants a campaign on the economic record. Well,
46:43
Speaker 1: good luck with that, because there's a cost of living
46:45
Speaker 1: crisis out there that they've done absolutely nothing for and
46:49
Speaker 1: they didn't know about it until Paul Erickson did some
46:51
Speaker 1: focus groups. They're not going to learn from the lessons
46:55
Speaker 1: from America and they're not going to learn from the
46:57
Speaker 1: lessons from Queensland. We want an election now, bones want change.
47:03
Speaker 2: For all the talk in the US Terry Barnes about
47:06
Speaker 2: the female vote turning out for Kamala Harris, the black
47:09
Speaker 2: vote turning out her never materialized. They went backwards too,
47:14
Speaker 2: with a lot of ethnic minority including the Hispanic vote
47:17
Speaker 2: quite significant in the Southern States. But what the in
47:20
Speaker 2: factor in was this huge bro vote, the brothers vote,
47:25
Speaker 2: the boy vote, the male vote that came across millennial
47:28
Speaker 2: men to Donald Trump. People are saying this could happen
47:32
Speaker 2: to the conservative side of politics in Australia, and I
47:35
Speaker 2: have to say, when Abbott was elected in twenty thirteen,
47:37
Speaker 2: our greatest growth, our greatest jump in vote numbers was
47:42
Speaker 2: eighteen to thirty five year old men.
47:47
Speaker 17: Well it's interesting, isn't it, Because I think those young men,
47:51
Speaker 17: particularly those who haven't had a university education, particularly your
47:56
Speaker 17: young tradees, I guess, really looking for people in politics
48:01
Speaker 17: to actually understand their needs, not understanding the elite's needs,
48:04
Speaker 17: not understanding the university educated needs. And certainly I think
48:07
Speaker 17: the brow vote in the UK US sorry, is quite remarkable.
48:13
Speaker 17: But I think you've got to actually give credit to
48:15
Speaker 17: one man, one very young man, who put Donald Trump
48:19
Speaker 17: on the path to getting that brow vote, and that's
48:22
Speaker 17: his son, Baron, who actually advised him on who he
48:25
Speaker 17: should talk to, which podcast you should go on. And
48:29
Speaker 17: it's really paid dividends. So look, I think the person
48:32
Speaker 17: with a future in American politics on the back of
48:34
Speaker 17: that is Baron Trump.
48:38
Speaker 3: James, I'm going to ask you too.
48:39
Speaker 2: The Electoral Manners Reform Bill came into the Parliament. Looks
48:43
Speaker 2: like it's supported by your site and labor. But Jews,
48:47
Speaker 2: you've upset the Teals.
48:51
Speaker 1: Anything that upsets that the Teals and their billionaire back
48:55
Speaker 1: is there is certainly something we should look at. We
48:57
Speaker 1: haven't made a final decision on the Electoral Reform Bill,
49:00
Speaker 1: although we have said a big fat no to the
49:02
Speaker 1: Electoral Communications Bill, which wants to bring truth and political
49:05
Speaker 1: advertising into Australia. Look into the detail of that bill.
49:09
Speaker 1: It is an ugly attack on freedmo of speech in
49:11
Speaker 1: Australia and I and many of my colleagues will die
49:14
Speaker 1: in a ditch to make sure that bill never becomes law.
49:19
Speaker 3: Here here.
49:20
Speaker 2: Just like misinformation, disinformation I think is going to die
49:22
Speaker 2: on actual death. Thank you both for your time. Have
49:24
Speaker 2: a lovely weekend. Thanks for your company too. It's been
49:28
Speaker 2: a busy, busy week. Busy again next week as well
49:31
Speaker 2: last week at the Parliament. I will see you back
49:33
Speaker 2: on Monday night at six. He's Andrewbolt,