Latest / The Kenny Report / The Kenny Report | 21 May

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The Kenny Report | 21 May · The Kenny Report

• 0:00
  Speaker 1: Lone from the skying New Center. This is the Kenny Report.
• 0:06
  Speaker 2: Great stuff, Ross and tonight we'll have plenty on the
• 0:09
  Speaker 2: budget backlash too. Women in business are arcing up, Jim
• 0:14
  Speaker 2: Chalmers is blabing Labour's critics, and I'll share a real
• 0:17
  Speaker 2: life example of how Labour's tax hikes are causing trauma
• 0:21
  Speaker 2: for a family who's lost their dad. I'll show you
• 0:25
  Speaker 2: how a literary prize for women has gone to the
• 0:27
  Speaker 2: author of What's More Like a comic and the authors
• 0:31
  Speaker 2: are biological male. The COVID hangover continues with an explosion
• 0:36
  Speaker 2: in emotional and mental health issues for young people.
• 0:39
  Speaker 1: Claire Row will unpack all of that.
• 0:41
  Speaker 2: In sport with Robbo a tragic retirement from the NROL,
• 0:45
  Speaker 2: while in Aussie Rules the Magpie who seems to be
• 0:48
  Speaker 2: playing forever. The National Cabinet will sit with Mark and
• 0:52
  Speaker 2: Tim and one of the things we'll look at is
• 0:54
  Speaker 2: rumors of the King's death being greatly exaggerated.
• 0:58
  Speaker 1: Let's get into it.
• 1:03
  Speaker 2: I've I've spoken a lot this week, and indeed over
• 1:06
  Speaker 2: the past two and a half years about the relentless,
• 1:09
  Speaker 2: deceitful and damaging anti Israel propaganda in the media, especially
• 1:14
  Speaker 2: that are publicly funded ABC. The Government of Israel and
• 1:18
  Speaker 2: the Israeli military and security forces, like governments and people everywhere,
• 1:24
  Speaker 2: are not without fault. Their errors, both deliberate and accidental,
• 1:29
  Speaker 2: need to.
• 1:29
  Speaker 1: Be called out.
• 1:30
  Speaker 2: But the lies told about Israel's war in Gaza, the
• 1:34
  Speaker 2: Hummas propaganda that's been regurgitated and amplified, and the way
• 1:39
  Speaker 2: it's been spun into anti Israel hatred and even anti Semitism,
• 1:44
  Speaker 2: has been terrible. And that means there's a heavy responsibility
• 1:49
  Speaker 2: on Israel's leaders to be exemplary in their behavior to
• 1:53
  Speaker 2: counter an unfair and often untrue narrative. But Israel's National
• 1:59
  Speaker 2: Security Minister Itamar Ben Gevie.
• 2:01
  Speaker 1: Has let his country down.
• 2:04
  Speaker 2: He's wearing global condemnation now after being seen mocking and
• 2:09
  Speaker 2: taunting members of the so called Gaza Aid flowtiller that
• 2:13
  Speaker 2: were intercepted and detained by Israel's armed forces.
• 2:18
  Speaker 3: Welcome to Israel. We are the landlords. They came with
• 2:21
  Speaker 3: much pride as big heroes. Look look at how they
• 2:24
  Speaker 3: look now, not heroes and not anything terror supporters. I
• 2:30
  Speaker 3: tell Prime Minister Netanyahu, give them to me for much
• 2:32
  Speaker 3: more time. Give them to us for the terrorist's prisons.
• 2:36
  Speaker 3: This is how it should look.
• 2:38
  Speaker 1: Look. This is entirely unnecessary.
• 2:40
  Speaker 2: It doesn't look like the behavior of a minister in
• 2:43
  Speaker 2: a liberal democracy operating under the rule of law. It
• 2:46
  Speaker 2: looks like bullying and the law of the jungle, which
• 2:50
  Speaker 2: is why Benavie's even been condemned by his own Prime
• 2:54
  Speaker 2: Minister Benjamin Netanyahu.
• 2:56
  Speaker 4: Bengaver's actions were not in line with israel values and norms.
• 3:03
  Speaker 1: So there you go.
• 3:03
  Speaker 2: It was wrong and it was bad for Israel because
• 3:06
  Speaker 2: it will give something for all the anti Israel activists
• 3:09
  Speaker 2: to get excited about. Even our own Foreign Minister Penny
• 3:13
  Speaker 2: Wong has been quick to condemn it in strong terms,
• 3:17
  Speaker 2: Penny Wong having the Israeli ambassador called in for a
• 3:20
  Speaker 2: dressing down over the incident. Now, just by the way
• 3:24
  Speaker 2: of context here, this response from Wong is stronger and
• 3:28
  Speaker 2: more immediate than we saw when Humma slaughtered twelve hundred Israelis, raped, burned, beheaded,
• 3:34
  Speaker 2: and defiled them, also taking two hundred and fifty hostages
• 3:38
  Speaker 2: and raping and murdering dozens of them. Back then, Wong
• 3:43
  Speaker 2: was calling on restraint from Israel, warning the victim of
• 3:46
  Speaker 2: the atrocity to be restrained. So the double standards are
• 3:50
  Speaker 2: at play as usual. Ben Gevere has every right to
• 3:54
  Speaker 2: be disgusted and scornful towards those activists who are effectively
• 4:00
  Speaker 2: offering support to Hummas. At the very least, the flotilla
• 4:05
  Speaker 2: activists are providing public relations help political endorsement for the
• 4:10
  Speaker 2: bloodthirsty terrorists of Hummas who murdered innocence to start a war,
• 4:15
  Speaker 2: prolonged the war, and still control large parts of Gaza.
• 4:20
  Speaker 2: So the activists should be condemned. But Penniwong and the
• 4:23
  Speaker 2: other critics in politics and the media, they don't do that.
• 4:26
  Speaker 2: They usually support the activists. Bengevie went too far, he
• 4:32
  Speaker 2: stooped too low. And while the hypocrisy of his critics
• 4:36
  Speaker 2: is clear and the different standards applied to Israel and
• 4:40
  Speaker 2: Hummas are obvious, the fact remains that as a liberal democracy,
• 4:45
  Speaker 2: Israel must hold itself to higher standards. It must show
• 4:49
  Speaker 2: respect even to its political enemies, and it shouldn't be
• 4:53
  Speaker 2: playing into the hands of its critics. Let me update
• 5:01
  Speaker 2: you on something that might have passed you by. The
• 5:03
  Speaker 2: Stellar Prize was announced last week. It's a pretty important
• 5:06
  Speaker 2: literary prize in this country, named after Stella Miles Franklin,
• 5:11
  Speaker 2: the brilliant novelist who wrote My Brilliant Career under the
• 5:15
  Speaker 2: name of Miles Franklin because it was easier for men
• 5:18
  Speaker 2: to get published back then. So two major literary awards
• 5:22
  Speaker 2: are named after her now, the Miles Franklin for Everyone
• 5:26
  Speaker 2: and Stella for Women. Launched in twenty twelve, the Stellar
• 5:31
  Speaker 2: was for the best work of literature published by an
• 5:34
  Speaker 2: Australian woman, and it was welcomed at the time as
• 5:39
  Speaker 2: a way to celebrate and recognize Australian women's writing, which
• 5:45
  Speaker 2: is why it was passing strange last week when the
• 5:47
  Speaker 2: prize was awarded to a transgender woman, a non non
• 5:52
  Speaker 2: binary biological male.
• 5:54
  Speaker 5: Hi.
• 5:55
  Speaker 6: My name is Lee, and I'm going to be reading
• 5:57
  Speaker 6: a passage from the Scuffing novel Canon and I'm going
• 6:02
  Speaker 6: to put the panels somewhere over here so you can
• 6:04
  Speaker 6: look at.
• 6:04
  Speaker 1: Them and not at me. Wow.
• 6:07
  Speaker 2: So much for a special women's prize in literature. Hey,
• 6:12
  Speaker 2: women keep losing out on this stuff. I mean, there
• 6:15
  Speaker 2: was nothing stopping Lee winning the Miles Franklin Prize, but
• 6:18
  Speaker 2: instead he or they.
• 6:22
  Speaker 1: Has won the Stellar. It's all within the rules, of course.
• 6:26
  Speaker 2: The rules were changed in twenty nineteen, so that the
• 6:29
  Speaker 2: Stellar is now promoted as a literary prize celebrating Australian
• 6:34
  Speaker 2: women's and non binary writing. That's a pity for women
• 6:39
  Speaker 2: in my view. And award like this was set up
• 6:41
  Speaker 2: especially as a women's place, a women's award, and allowing
• 6:46
  Speaker 2: biological men to enter simply destroys that premise. And what's more,
• 6:52
  Speaker 2: this time around, the winning entry isn't even a regular
• 6:56
  Speaker 2: literary novel. It's a so called graphic novel. Cartoons with
• 7:01
  Speaker 2: dialogue have a look.
• 7:04
  Speaker 6: That's why I believe so wholeheartedly in the power of
• 7:08
  Speaker 6: mindful breathing, attempting not to control our emotions, but to
• 7:15
  Speaker 6: gently guide our focus elsewhere in our things, in.
• 7:25
  Speaker 1: And out, in and out, each to their own.
• 7:41
  Speaker 2: I guess I don't know that too many of it
• 7:43
  Speaker 2: will be quoting that passage and years to come. Call
• 7:47
  Speaker 2: me old fashioned, but I think great writing is about words,
• 7:51
  Speaker 2: strangely enough, words that can conjure images and other responses.
• 7:55
  Speaker 1: In our minds. I wonder what the other entries were like.
• 8:00
  Speaker 2: I wonder what the female novelists think about all of
• 8:03
  Speaker 2: this strange days. Indeed, now back to the budget falled
• 8:11
  Speaker 2: out higher taxes on housing investments, higher taxes on all
• 8:15
  Speaker 2: capital gains across housing shares, farms and businesses, higher taxes
• 8:20
  Speaker 2: on discretionary trusts. And I'm about to share a telling
• 8:24
  Speaker 2: example of the human trauma that causes. Anthony Albanesi and
• 8:28
  Speaker 2: Jim Charmers are all over the shop trying to justify
• 8:31
  Speaker 2: their lives and broken promises and explain how their taxes
• 8:35
  Speaker 2: will help younger Australians.
• 8:38
  Speaker 7: We understand that some of these changes of contentious are contentious.
• 8:41
  Speaker 1: Of course they are.
• 8:42
  Speaker 7: We anticipated that, we anticipated our political opponents engaging in
• 8:46
  Speaker 7: the usual scare campaigns built on lives, and we're seeing
• 8:51
  Speaker 7: that too. But we've taken these difficult decisions for the
• 8:54
  Speaker 7: right reasons.
• 8:56
  Speaker 1: He sounds a little desperate, doesn't it. Yeah, the scare
• 8:59
  Speaker 1: campaign is on lies.
• 9:01
  Speaker 2: I mean the budget is full of lies and broken promises,
• 9:04
  Speaker 2: and he says people are.
• 9:05
  Speaker 1: Telling lies about his lies.
• 9:08
  Speaker 2: Chalmers is so desperate that he hopes a letter from
• 9:11
  Speaker 2: his political hero, Paul Keating might help him. But an
• 9:16
  Speaker 2: endorsement from the architect of the recession we had to
• 9:19
  Speaker 2: have might not be quite the winning.
• 9:21
  Speaker 1: Pitch with voters.
• 9:22
  Speaker 2: That Labor hopes across the ditch there's a conservative finance
• 9:27
  Speaker 2: minister hoping to make how may make some hay out
• 9:31
  Speaker 2: of Albow's chaff.
• 9:34
  Speaker 8: Australians looking to start or grow a business have an
• 9:37
  Speaker 8: epic opportunity, and that opportunity is to do it in
• 9:40
  Speaker 8: New Zealand. No capital gains, texts, very simple text system,
• 9:44
  Speaker 8: broad based, low rate. We keep it simple.
• 9:49
  Speaker 1: Yeah, there's trouble afoot for Australia here.
• 9:51
  Speaker 2: Young entrepreneurs lashed out yesterday today it was Women in
• 9:55
  Speaker 2: Business with ten leading lights opposing the budget measures, saying
• 10:00
  Speaker 2: that they will only discourage the next generation of business builders.
• 10:05
  Speaker 9: We've taken black eye after black eye and then all
• 10:08
  Speaker 9: of a sudden, you know, it's the big coward punch
• 10:11
  Speaker 9: that just came' So how can you, after you know,
• 10:14
  Speaker 9: all of these years of us carefully branding and being
• 10:17
  Speaker 9: so mindful with our business, come in and think that
• 10:20
  Speaker 9: you have the right to take half of our business
• 10:23
  Speaker 9: on sale.
• 10:25
  Speaker 2: And while all this financial and personal hardship goes down
• 10:29
  Speaker 2: around the country, what are the government ministers and MPs doing?
• 10:35
  Speaker 1: Well?
• 10:35
  Speaker 2: Here's labor election hero Ali France. Really, what a wonderful
• 10:47
  Speaker 2: time to be alive heh. And that's no one off.
• 10:51
  Speaker 2: They all reckon their Instagram heroes.
• 10:55
  Speaker 10: Did you hear the news Labor is delivering a one
• 10:58
  Speaker 10: thousand dollars instant deduction from one July, benefiting you.
• 11:02
  Speaker 11: That's Labor delivering for you.
• 11:04
  Speaker 10: It's just one of the ways our government is helping
• 11:07
  Speaker 10: out with cost of living.
• 11:09
  Speaker 2: Oh, dear Rishworth is the Employment Minister and unemployment went
• 11:14
  Speaker 2: up today. How do they think this looks to people
• 11:18
  Speaker 2: doing it tough, paying extra tax, looking at getting half
• 11:22
  Speaker 2: what they expected from their investments or their businesses, wondering
• 11:26
  Speaker 2: how to invest in, how to get ahead, or how
• 11:29
  Speaker 2: to get a job.
• 11:30
  Speaker 1: It's actually no joke.
• 11:33
  Speaker 12: What structures are going to be okay in this new
• 11:36
  Speaker 12: environment Labour's trying to create?
• 11:38
  Speaker 1: Or does Labor just want.
• 11:39
  Speaker 12: All small business to shut in this country? Well that's
• 11:42
  Speaker 12: where we're heading right now. Under this government. We will
• 11:47
  Speaker 12: act Labour's toxic taxes. We're going to fight them every
• 11:49
  Speaker 12: day till they arrive in the Parliament and if, unfortunately,
• 11:54
  Speaker 12: if it is the case that these bills get through,
• 11:57
  Speaker 12: we'll fight them all the way through to the next election.
• 12:00
  Speaker 2: Look, this has been a bad government all along, spending
• 12:03
  Speaker 2: too much, taxing too much, expanding government too much, making
• 12:07
  Speaker 2: life too hard for business, reveling in the politics of envy.
• 12:12
  Speaker 2: It seems all the budget has done is finally wake
• 12:15
  Speaker 2: up a whole lot of Australians to this sad reality.
• 12:23
  Speaker 2: Let's have a look at the personal effect of Labour's
• 12:25
  Speaker 2: tax changes. I heard a heartbreaking story on Ben Fordham's
• 12:29
  Speaker 2: breakfast show on two GB in Sydney this morning. Rod
• 12:32
  Speaker 2: Mitchell lost his brother in law John to cancer two
• 12:36
  Speaker 2: years ago. John prepared for his death in part by
• 12:40
  Speaker 2: setting up a discretionary trust for his teenage children. But
• 12:44
  Speaker 2: these trusts are now to be hit by a thirty
• 12:47
  Speaker 2: percent tax under Labour's new rules. I caught up with
• 12:51
  Speaker 2: Rod today and got him to explain the situation.
• 12:54
  Speaker 1: Yeah now, thanks Chris.
• 12:56
  Speaker 9: So.
• 12:56
  Speaker 5: Yeah, my wife's brother. He died tragically in April twenty
• 13:02
  Speaker 5: twenty four from a bone marrow cancer, a rare disease,
• 13:07
  Speaker 5: and it was his explicit wish for him to set
• 13:11
  Speaker 5: up a trust and leave money to the kids, so
• 13:17
  Speaker 5: his two children who left behind, so that they can
• 13:19
  Speaker 5: get on with life. So that's sum of money was
• 13:22
  Speaker 5: set put into a discretionary trust which my wife and
• 13:24
  Speaker 5: I will make trustees of that trust to manage that trust.
• 13:30
  Speaker 5: So the two issues for me is one, it's made
• 13:32
  Speaker 5: much more complicated by the fact that one of the
• 13:34
  Speaker 5: children suffered a severe seizar at birth and has resulting
• 13:39
  Speaker 5: in brain damage and has additional needs and needs special care.
• 13:45
  Speaker 5: And then secondly, now we have this issue with these
• 13:48
  Speaker 5: proposed laws coming in to the trust and they'll take
• 13:53
  Speaker 5: thirty percent of any earnings from the trust. They'll take
• 13:56
  Speaker 5: that from the children. And so I discuss with my
• 14:00
  Speaker 5: account yesterday who have advised me that yes, these laws
• 14:03
  Speaker 5: will clearly disadvantage the children and they're worse off.
• 14:07
  Speaker 2: It's just terrible, Rod because obviously John's done the right thing,
• 14:12
  Speaker 2: trying to leave something for his children and trying to
• 14:15
  Speaker 2: make a discretionary so that you could manage it and
• 14:18
  Speaker 2: look after it with his sister, with your wife.
• 14:21
  Speaker 1: Yes, and it's not a massive amount of money. It's
• 14:24
  Speaker 1: not like these are rich kids.
• 14:25
  Speaker 2: And down with this is we're talking twenty five thousand
• 14:28
  Speaker 2: dollars or the like. And now the government will take
• 14:31
  Speaker 2: what more than seven thousand dollars of.
• 14:33
  Speaker 5: That, That's what I was told by the account. Yet
• 14:35
  Speaker 5: they'll they'll take seven and a half grand straight from
• 14:38
  Speaker 5: the kids and you know that just makes them poorer,
• 14:41
  Speaker 5: doesn't help their life. Like you know, they've got enough challenges, Chris,
• 14:44
  Speaker 5: with their life. They've lost their father, they had no
• 14:46
  Speaker 5: father's income. They're just two kids on a single mum
• 14:50
  Speaker 5: income with a single mum income.
• 14:53
  Speaker 1: Not fair, It is not fair, Rod.
• 14:55
  Speaker 2: This is an amount of money that might have helped
• 14:58
  Speaker 2: them get their first car, might have helped them pay
• 15:01
  Speaker 2: their way through university or getting a trade, and suddenly
• 15:04
  Speaker 2: there's thirty percent is going to go missing. Can you
• 15:07
  Speaker 2: tell us about the way those children and the rest
• 15:10
  Speaker 2: of the family have.
• 15:11
  Speaker 1: Dealt with this news.
• 15:15
  Speaker 5: So this day website is trying to shelter the children
• 15:19
  Speaker 5: from the news.
• 15:21
  Speaker 1: But I can tell you.
• 15:22
  Speaker 5: That they're surrounded by a very wonderful, caring community of
• 15:25
  Speaker 5: people and cheery out of the North Narrabin Surf Club.
• 15:30
  Speaker 5: They've done a lot of work for them and help
• 15:31
  Speaker 5: them out a great deal.
• 15:39
  Speaker 1: Rod.
• 15:39
  Speaker 2: I can hear the strain and see the strain. Let's
• 15:44
  Speaker 2: hope we can sort this out. There are suggestions that
• 15:47
  Speaker 2: if this trust were set up before the laws are passed,
• 15:49
  Speaker 2: it might be okay. I know your accountant has said otherwise.
• 15:52
  Speaker 2: We'll try and get clarity on it, and good luck
• 15:55
  Speaker 2: to those children and your family, and thanks for being
• 15:58
  Speaker 2: brave enough to talk about this horrible situation.
• 16:01
  Speaker 5: No, thanks, Chriz, I just had this. Nobody else out
• 16:03
  Speaker 5: there in any situation. Again, I'm just trying to flag
• 16:06
  Speaker 5: that these laws. There may be other people who this affects,
• 16:09
  Speaker 5: and it's important to bring it to everyone's attention, I think,
• 16:12
  Speaker 5: because it's unfair and unjust.
• 16:14
  Speaker 1: It sure is. Rod. Thank you so much. Thanks, thank
• 16:18
  Speaker 1: you man.
• 16:20
  Speaker 2: Yeah, as I mentioned there, there are suggestions from Summon
• 16:23
  Speaker 2: government that discretionary trust set up before the budget might
• 16:26
  Speaker 2: escape this new tax, but accountants also argue otherwise. We
• 16:31
  Speaker 2: yet to see, of course, the legislation on this. It's
• 16:34
  Speaker 2: all about as clear as mud and heartless too. Now
• 16:38
  Speaker 2: I just want to go to another story there. I
• 16:40
  Speaker 2: mentioned the Stellar Prize and the award that went to
• 16:44
  Speaker 2: Lee Lie. I'm told you is born a biological female
• 16:47
  Speaker 2: and uses female pronouns, but identifies as transgender and presents
• 16:53
  Speaker 2: as a man.
• 16:54
  Speaker 1: So just to clarify that identifies.
• 16:57
  Speaker 2: As a man and presents as a man, but is
• 17:00
  Speaker 2: a biological woman and still won that prize for the
• 17:04
  Speaker 2: graphic novel approach. We'll see what the literary world thinks
• 17:09
  Speaker 2: of all that. Now, let's go to Shadow Resources Minister
• 17:12
  Speaker 2: Susan McDonald. She joins us live from Brisbane. Good to
• 17:16
  Speaker 2: speak to you. Susan tell us about the claim from
• 17:21
  Speaker 2: Jim Charmers that the Opposition is now attacking him with
• 17:25
  Speaker 2: information based on lies.
• 17:27
  Speaker 1: Are you telling lies about his budget?
• 17:31
  Speaker 13: Isn't this outrageous? I mean, government has a real responsibility
• 17:34
  Speaker 13: to protect Australians, to take care of them, and instead
• 17:39
  Speaker 13: we have a government that has lied to Australians at
• 17:41
  Speaker 13: every opportunity. They're lying to small businesses, to families to
• 17:46
  Speaker 13: tradees in their tax arrangements. They're lying to big businesses
• 17:50
  Speaker 13: in changes to reservation laws that are murky and difficult.
• 17:55
  Speaker 13: They are undermining the prospective wealth, the future tax streams,
• 18:00
  Speaker 13: but mostly the happiness the success of Australians to think
• 18:04
  Speaker 13: I might start a small business, I might employ somebody,
• 18:07
  Speaker 13: I might be a bit more flexible in my work.
• 18:10
  Speaker 13: For whatever reason, the government has decided to put their
• 18:13
  Speaker 13: hands in their pockets. And now here's the Treasurer having
• 18:16
  Speaker 13: a big boohoo because he's been called out for doing
• 18:20
  Speaker 13: exactly what it is, which is lying to Australians.
• 18:23
  Speaker 1: I don't understand this.
• 18:25
  Speaker 2: Bee Labor has in its bonet about sort of equal
• 18:29
  Speaker 2: tax treatment of income from labor and from investments. Now,
• 18:33
  Speaker 2: I suppose in their head there's some sort of rich
• 18:36
  Speaker 2: capitalists who inherit money and just get all their money
• 18:39
  Speaker 2: from their investments, and they should be taxed at a
• 18:41
  Speaker 2: higher rate. But in reality, especially when it comes to
• 18:44
  Speaker 2: negative gearing and investments like that, or small share portfolios
• 18:48
  Speaker 2: or they're small businesses. Of course, this is Australians who
• 18:51
  Speaker 2: earn money, pay tax on that money, and then save
• 18:55
  Speaker 2: some to invest in something. And that's why we have
• 18:58
  Speaker 2: lower taxes on investments, because it's all investments of money
• 19:02
  Speaker 2: that's already been taxed, and because we want to encourage investments.
• 19:06
  Speaker 1: Surely that's exactly right.
• 19:10
  Speaker 13: I mean, it seems this weird sort of class warfare
• 19:13
  Speaker 13: that you try and divide people up by how they're
• 19:16
  Speaker 13: investing their money. I think what the government failed to
• 19:19
  Speaker 13: understand is that the vast majority of shareholdings in Australia
• 19:24
  Speaker 13: is held by young people. More than fifty percent of
• 19:28
  Speaker 13: shares held in Australia are held by young people, people
• 19:32
  Speaker 13: up to forty nine years of age, and they're the
• 19:35
  Speaker 13: ones who might have decided they couldn't afford to get
• 19:37
  Speaker 13: into the housing market, they would buy shares and now
• 19:41
  Speaker 13: they've got a business partner with the Prime Minister as well.
• 19:44
  Speaker 13: I mean, is it reflects that the government doesn't understand
• 19:49
  Speaker 13: how to run businesses, They don't know how people invest,
• 19:53
  Speaker 13: they don't know how Australians are employed. We've seen the
• 19:57
  Speaker 13: unemployment rate up again today. I've seen more Australians lose
• 20:01
  Speaker 13: their jobs from the private sector, the very part of
• 20:04
  Speaker 13: the economy that drives this country.
• 20:07
  Speaker 1: Under labor.
• 20:08
  Speaker 13: We're getting some free advice from Paul Keating, the man
• 20:12
  Speaker 13: who gave us the recession. We had to have seventeen
• 20:14
  Speaker 13: percent interest rates, and yet that no absolutely no desire
• 20:22
  Speaker 13: or understanding of what it takes to build something in
• 20:25
  Speaker 13: your life, to invest, to grow, to employ other people,
• 20:30
  Speaker 13: and then not to have the government with your hand,
• 20:33
  Speaker 13: their hand in your pocket.
• 20:34
  Speaker 1: Chris.
• 20:35
  Speaker 13: We should be encouraging people to do more, not tax
• 20:39
  Speaker 13: them out of existence, which is exactly what Labor and
• 20:42
  Speaker 13: Treasure of Charmers is doing.
• 20:43
  Speaker 14: Well.
• 20:44
  Speaker 2: They only know one way to build something out of
• 20:45
  Speaker 2: your life. Dad's get a job with the union and
• 20:48
  Speaker 2: to get into parliament and then you do okay, and
• 20:51
  Speaker 2: take advantage of tax incentives like negative gearing, and then
• 20:55
  Speaker 2: once you've taken advantage of it, rip out the rug
• 20:58
  Speaker 2: from everybody else.
• 20:59
  Speaker 1: That's their plan. Now. I want to get onto one
• 21:01
  Speaker 1: nation because Pauline Hanson's got out there with policy. Today.
• 21:05
  Speaker 2: She's announcing a new approach to the gas and petroleum industries,
• 21:09
  Speaker 2: a new ten percent royalty to be imposed on them.
• 21:13
  Speaker 1: Here's Pauling Hanson today.
• 21:15
  Speaker 14: I've had discussions with the industry themselves. Every industry was
• 21:19
  Speaker 14: given the opportunity to discuss the policy with us, which
• 21:22
  Speaker 14: we did, and that's why they were just thankful that
• 21:26
  Speaker 14: someone reached out to them to ask for their opinions.
• 21:30
  Speaker 14: I had no not one pushback with this policy.
• 21:34
  Speaker 1: Susan, Is this a better way to go?
• 21:35
  Speaker 2: Just a royalty on what comes out of the ground,
• 21:38
  Speaker 2: regardless of profits, investments and sale prices.
• 21:42
  Speaker 15: Yeah.
• 21:43
  Speaker 13: Well, look a little bit like what the government's announced
• 21:46
  Speaker 13: on reservations. There is not enough detail to really be
• 21:50
  Speaker 13: doing some analysis on what it means. I would say though,
• 21:53
  Speaker 13: that an additional ten percent tax on oil and gas
• 21:57
  Speaker 13: would mean that Queensland on shore oil and gas, which
• 22:01
  Speaker 13: is already tax will receive another ten percent tax on
• 22:04
  Speaker 13: that and offshore. Whilst it may bring forward taxes, it
• 22:09
  Speaker 13: means that Australia would receive less tax overall. So you know,
• 22:13
  Speaker 13: some work needs to be done on that. Look, I
• 22:15
  Speaker 13: think the most important thing is is that Australia remains
• 22:18
  Speaker 13: competitive for investment in these huge, multi billion dollar projects.
• 22:23
  Speaker 13: We are seeing projects already going to Canada, to the US,
• 22:27
  Speaker 13: to South America, and it is Australia was the leader
• 22:32
  Speaker 13: in LNG investment. We received about forty percent of the
• 22:36
  Speaker 13: world's investment about ten years ago. We're down to fifteen percent.
• 22:41
  Speaker 13: I fear that too many more changes to the rules
• 22:45
  Speaker 13: and the guideposts means that we will see less investment again.
• 22:50
  Speaker 13: We're already receiving twenty two billion dollars this year in
• 22:53
  Speaker 13: tax from that sector. We think it will more than
• 22:56
  Speaker 13: double in the next ten years. This is an investment
• 22:59
  Speaker 13: we want to see here and we run the risk
• 23:03
  Speaker 13: of seeing those investments go elsewhere. And other countries have
• 23:07
  Speaker 13: been down this road. We know Argentina in the two
• 23:11
  Speaker 13: thousands did this. You know Ecuador that Egypt should be
• 23:14
  Speaker 13: a mighty oil and gas jurisdiction, but they made these
• 23:18
  Speaker 13: same mistakes, so I.
• 23:20
  Speaker 2: Mentioned a few economies there we don't want to follow.
• 23:24
  Speaker 1: Thanks so much for joining us, Susan. I appreciate it.
• 23:26
  Speaker 2: Susan McDonald's shadow Resources minister, joining us live from Brisbane.
• 23:29
  Speaker 2: I want to go to London now and catch up
• 23:31
  Speaker 2: with Australia's longest serving foreign minister, Alexander Downer. We'll get
• 23:34
  Speaker 2: onto some foreign policy issues in.
• 23:36
  Speaker 1: Just a moment, Alexander.
• 23:37
  Speaker 2: But it strikes me that you as a former not
• 23:39
  Speaker 2: just a former foreign minister, you were Opposition leader for
• 23:42
  Speaker 2: a time and a shadow Treasurer up against Paul Keating.
• 23:45
  Speaker 2: You must have been watching the response to this budget
• 23:48
  Speaker 2: with some interest. Have you seen one get such a
• 23:52
  Speaker 2: vicious response as this Charmer's alban easy budget.
• 23:57
  Speaker 11: I'm not sure in my lifetime I've ever seen in
• 24:00
  Speaker 11: such a negative response to a budget. But it's entirely
• 24:04
  Speaker 11: understandable because all it is is the tax and spend
• 24:09
  Speaker 11: model without taking into account the importance of investment in
• 24:14
  Speaker 11: driving economic growth. So I'm speaking to you from the UK.
• 24:19
  Speaker 11: This is exactly what the British government has been doing
• 24:23
  Speaker 11: for quite some time, with all the results that you
• 24:26
  Speaker 11: would expect an economy that's flatlining living real living standards
• 24:31
  Speaker 11: are declining, and investment. The only investment that's coming into
• 24:39
  Speaker 11: the country is investment in a government services is one
• 24:45
  Speaker 11: kind or another, and so called infrastructure investment. But private
• 24:50
  Speaker 11: sector investment is almost entirely absent. And if you don't
• 24:55
  Speaker 11: have private sector investment, I would have thought we've learned
• 24:58
  Speaker 11: from history and have economic growth.
• 25:02
  Speaker 2: One of the things that strikes me is that charmers
• 25:05
  Speaker 2: in Alberan Easy keep referring back to the fact that
• 25:08
  Speaker 2: they're only unwinding changes that were brought in by the
• 25:12
  Speaker 2: Howard government, the government you were part of in the
• 25:14
  Speaker 2: late nineteen nineties. Did they ever stop to think what
• 25:19
  Speaker 2: happened in the decade after those changes. In the decade
• 25:22
  Speaker 2: after those changes, our economy expanded remarkably, real wage real
• 25:28
  Speaker 2: wages expanded enormously. Australian's individual wealth per capita expanded greatly.
• 25:34
  Speaker 1: They just might have been the right policies.
• 25:38
  Speaker 11: This is whats tappening in the UK as well as
• 25:41
  Speaker 11: in Australia. We made all of those changes in the UK.
• 25:46
  Speaker 11: They the Thatcher government made all of those economic changes,
• 25:50
  Speaker 11: liberalizing the economy and making investment well profitable for people.
• 25:57
  Speaker 11: As a result, the Australian government, as is the British government.
• 26:03
  Speaker 11: They must be on the phone to each other almost
• 26:05
  Speaker 11: every day. They're winding back all of these reforms to
• 26:09
  Speaker 11: the nineteen seventies. And if we go back to the
• 26:12
  Speaker 11: nineteen seventies policies, we'll get the same results, all off
• 26:17
  Speaker 11: in investment, huge budget deficits, massive tax burdens. I mean,
• 26:24
  Speaker 11: where in history has this formula ever been successful?
• 26:29
  Speaker 2: I was but a boy in short pants, but it
• 26:32
  Speaker 2: feels like nineteen seventy three all over again, that's for sure.
• 26:36
  Speaker 1: Now, I want to bring you to a foreign policy
• 26:38
  Speaker 1: in the Middle East.
• 26:39
  Speaker 2: And there's been an accusation thrown at Donald Trump another
• 26:42
  Speaker 2: of times, a number of times that he's been dancing
• 26:44
  Speaker 2: to the June of Benjamin Yahoo. Well, Donald Trump has
• 26:49
  Speaker 2: now flipped that around. Let's ever listen.
• 26:52
  Speaker 5: I'm minister Natyahu about Ryan and how long to hold
• 26:55
  Speaker 5: off on straight?
• 26:55
  Speaker 1: Fine, you'll do whatever I want them to do. He's
• 26:58
  Speaker 1: very very good man. He'll do whatever I wanted to do.
• 27:02
  Speaker 2: And he's a great guy to me.
• 27:04
  Speaker 1: He's a great guy.
• 27:07
  Speaker 2: Yeah, he'll do whatever Donald Trump wants him to do, supposedly,
• 27:12
  Speaker 2: but either way, and that relationship is a pretty important one.
• 27:16
  Speaker 2: They're both facing pressure at the moment because this strategy
• 27:19
  Speaker 2: on a run seems to have hit a stale.
• 27:21
  Speaker 1: Mate.
• 27:22
  Speaker 11: Well, I think that they need to be patient and
• 27:25
  Speaker 11: maintain the blockade of the Iranian ports. If they run
• 27:30
  Speaker 11: can't export it oil or can't much of its oil,
• 27:34
  Speaker 11: and it can't export it oiled through the Persian Gulf
• 27:38
  Speaker 11: and where most of it exported, then gradually the economy
• 27:43
  Speaker 11: will be completely strangled. So it takes time for that
• 27:48
  Speaker 11: to have a maximum effect. So I think they just
• 27:53
  Speaker 11: have to be patient. Sure, if the Iranians come to
• 27:57
  Speaker 11: the table with a serious offer in the negotiations through
• 28:01
  Speaker 11: the Pakistani brokers, that will be fine. But if they're
• 28:06
  Speaker 11: just going to maintain the position they've been maintaining up
• 28:10
  Speaker 11: until now, then the blockade will just continue and the
• 28:15
  Speaker 11: Run's economy will continue to collapse, and in the end,
• 28:19
  Speaker 11: that won't encourage the Iranian public to support a regime
• 28:24
  Speaker 11: that they already hate.
• 28:26
  Speaker 1: Alexander down thanks so much for joining us. Appreciate it.
• 28:29
  Speaker 2: Alexander Down of there live from London on matters Australian
• 28:33
  Speaker 2: and global. We're going to get to the break on
• 28:36
  Speaker 2: the other side, we'll have more on the response to
• 28:38
  Speaker 2: Labor's budget. I'll get through some of the detail with
• 28:40
  Speaker 2: a tax expert. Next, let's get back to this backlash
• 28:47
  Speaker 2: over Labour's budget, the tax changes and how they're going
• 28:50
  Speaker 2: to affect. Everybody joining me in the studio is Todd
• 28:52
  Speaker 2: What the head of tax services at accounting an advisory firm,
• 28:55
  Speaker 2: William Buck.
• 28:56
  Speaker 1: Thanks for coming into the studio. Todd. Thanks. There's so much.
• 28:59
  Speaker 2: Confusion out there, and we'll get into some of the issues.
• 29:01
  Speaker 2: But I thought i'd start off with the case that
• 29:04
  Speaker 2: I shared with my viewers at the top of the program.
• 29:07
  Speaker 2: I spoke to Rod Mitchell, who's the trustee along with
• 29:10
  Speaker 2: his wife, of a discretionary trust set up for his
• 29:14
  Speaker 2: niece and nephew when their father died.
• 29:17
  Speaker 1: There are particular issues with the kids, and he wanted
• 29:19
  Speaker 1: the uncle and aunt to look.
• 29:22
  Speaker 2: After the discretionary trust so they can manage the investments
• 29:25
  Speaker 2: and use this relatively small amount of money twenty five
• 29:28
  Speaker 2: thousand dollars to give their kids a bit of.
• 29:30
  Speaker 1: A head start.
• 29:31
  Speaker 2: Will they be exposed to this new thirty percent tax
• 29:35
  Speaker 2: on that trust?
• 29:36
  Speaker 16: What seems as though the measures are very far reaching
• 29:38
  Speaker 16: and a discretionary trust seems to be one that's going
• 29:42
  Speaker 16: to be hit with this thirty percent minimum tax on
• 29:45
  Speaker 16: its profits each year.
• 29:46
  Speaker 2: So this trust that as of last week would be
• 29:49
  Speaker 2: able to give out the money at discretion to those
• 29:53
  Speaker 2: children as they need it or for whatever purpose.
• 29:55
  Speaker 1: Tax free will now be taxed at thirty percent. It
• 29:59
  Speaker 1: depends how set up.
• 30:00
  Speaker 16: If it's a testamentary trust under a will, then perhaps there's.
• 30:05
  Speaker 1: A proposed carve out.
• 30:06
  Speaker 16: If it's discretionary tu if it's a if it's a
• 30:08
  Speaker 16: normal discretionary trust, then it would seem that there could
• 30:11
  Speaker 16: be a tax.
• 30:12
  Speaker 1: Increase for so the way around that is to restructure it.
• 30:14
  Speaker 2: Possibly we'll wait to see the details of the legislation,
• 30:18
  Speaker 2: but if you had to restructure it to try and
• 30:20
  Speaker 2: get out of that tax situation, that would.
• 30:22
  Speaker 1: Cost you money anyway, wouldn't it.
• 30:23
  Speaker 16: Well, it's going to be costs and complexity in doing so,
• 30:27
  Speaker 16: even if it is a trust where there's not a
• 30:30
  Speaker 16: huge number of assets, or like the process of going
• 30:33
  Speaker 16: through it and then working through how to manage stamp duties,
• 30:36
  Speaker 16: income tax, capital gains tax, and then what structure you
• 30:39
  Speaker 16: are moving to, there's a lot to consider. An unpack
• 30:42
  Speaker 16: even in situations where people are not trying to overcomplicate
• 30:46
  Speaker 16: their life.
• 30:46
  Speaker 1: Yeah, yeah, it's very difficult.
• 30:48
  Speaker 2: How common are these discretionary trusts, especially when it comes
• 30:52
  Speaker 2: to small business For businesses for instance, to try and
• 30:55
  Speaker 2: plan for their future, discretionary trusts are very common.
• 30:58
  Speaker 16: It's a form of ability to manage assets, the asset protection,
• 31:03
  Speaker 16: the succession planning. A lot of multi generation farming families
• 31:07
  Speaker 16: that use these type of things. But it's not just
• 31:09
  Speaker 16: the farmers, it's the everyday mum and dad's running a
• 31:12
  Speaker 16: small business, a coffee shop, that type of thing. They're
• 31:15
  Speaker 16: running it through that trust, multiple family members involved. The
• 31:19
  Speaker 16: splitting of income is a natural byproduct of the efforts
• 31:22
  Speaker 16: that they put in. So it's a measure that's commonly
• 31:26
  Speaker 16: used in Australia.
• 31:27
  Speaker 2: When you look at the Labour's budget tree explanation papers
• 31:30
  Speaker 2: for this measure, they talk about big corporates using these
• 31:33
  Speaker 2: trust to siphon money around or for other wealthy people
• 31:38
  Speaker 2: trying to essentially minimize their tax through these structures. But
• 31:42
  Speaker 2: in reality we're talking at farmers, small business people and
• 31:47
  Speaker 2: inheritance and I like it. It's very much middle Australia
• 31:51
  Speaker 2: that's going to be affected.
• 31:52
  Speaker 16: It's the everyday small to medium business that keeps the
• 31:55
  Speaker 16: life right of Australia going.
• 31:56
  Speaker 1: Chris, unbelievable. Tell me about negative gearing.
• 32:00
  Speaker 2: To me, this has always been seen as a really
• 32:04
  Speaker 2: attractive form of investment for middle Australia. You know, you're
• 32:08
  Speaker 2: paying off your own mortgage. Here's a way to invest
• 32:11
  Speaker 2: in something that's really concrete that you understand that gives
• 32:14
  Speaker 2: you a little bit of tax advantage as you get through.
• 32:17
  Speaker 2: But I think primarily real estate is just such a
• 32:20
  Speaker 2: tangible investment and easy to understand. Do you think people
• 32:23
  Speaker 2: are going to keep investing in new properties now try
• 32:28
  Speaker 2: and negatively give those or are they going to look
• 32:32
  Speaker 2: to do something else with their money or even save it.
• 32:35
  Speaker 16: They've structured the measures or proposed measures that are under
• 32:38
  Speaker 16: the budget in such a way that they're trying to
• 32:40
  Speaker 16: make that new residential property still attractive.
• 32:43
  Speaker 1: But will people do that? Do you think?
• 32:44
  Speaker 16: Well, it's a very different risk profile to existing property exactly.
• 32:49
  Speaker 1: That's the thing that.
• 32:52
  Speaker 16: If it's an existing property, if there's been problems with
• 32:54
  Speaker 16: the build, they may be more well known the time
• 32:57
  Speaker 16: delays in building, the red tape to build a property, those.
• 33:00
  Speaker 1: Sorts of things.
• 33:01
  Speaker 16: It's a very different type of investment.
• 33:03
  Speaker 1: So so I.
• 33:03
  Speaker 2: Don't know if you want to invest if you want
• 33:05
  Speaker 2: a negatively gear and you have to do it in
• 33:06
  Speaker 2: a new property, well, new properties typically start with a
• 33:10
  Speaker 2: vacant block of land and building it.
• 33:12
  Speaker 1: It takes time.
• 33:13
  Speaker 2: Is you can't negatively gear through that process. You're not
• 33:16
  Speaker 2: getting any return.
• 33:17
  Speaker 1: So what do you do?
• 33:18
  Speaker 2: Have to wait and buy a house and land package
• 33:20
  Speaker 2: that comes up on sale off on spec.
• 33:24
  Speaker 16: Well, it would seem that way because there's already some
• 33:26
  Speaker 16: existing tax laws that deny you the deduction if it's
• 33:30
  Speaker 16: a vacant block of land anyway early in that process.
• 33:32
  Speaker 16: So it's something that I think as far as the
• 33:36
  Speaker 16: tax system goes, it's very much skewing it towards the
• 33:39
  Speaker 16: supply side of housing, trying to encourage that. But for
• 33:43
  Speaker 16: the every day as you say, Middle Australia trying to
• 33:47
  Speaker 16: acquire appropriate investments, it's had to fundamentally change their landscape.
• 33:51
  Speaker 2: Tell me how much you see in your work of
• 33:54
  Speaker 2: people who don't own a property actually getting their first
• 33:58
  Speaker 2: property to negatively gear. That is someone who's rent young
• 34:01
  Speaker 2: people who are renting or perhaps even still living with
• 34:03
  Speaker 2: their parents buying an investment property and negatively gearing it
• 34:07
  Speaker 2: so that they can build up some capital for when
• 34:10
  Speaker 2: they can buy a house in a place where they
• 34:12
  Speaker 2: want to live.
• 34:13
  Speaker 1: This is the aspirational side of things, that the.
• 34:16
  Speaker 2: Aspirational everyday Australian that's trying to build a better life
• 34:19
  Speaker 2: for themselves and their family. They can't afford that substantial
• 34:24
  Speaker 2: home to start with. They want to start on the
• 34:25
  Speaker 2: property ladder. Buying an investment property is a logical step
• 34:28
  Speaker 2: for them. Does this tax change create the same incentives
• 34:32
  Speaker 2: for them is a real problem.
• 34:33
  Speaker 1: It's a real problem, all right, Todd, thanks for joining us.
• 34:36
  Speaker 1: I appreciate it, Todd. Want there from.
• 34:38
  Speaker 2: William Buck Now after the break, we're going to get
• 34:40
  Speaker 2: into this COVID hangover. It's continuing, it's expanding in fact
• 34:44
  Speaker 2: now with an explosion in the number of emotional and
• 34:47
  Speaker 2: mental health issues for young people.
• 34:50
  Speaker 1: Clear Row is going to unpack it for us.
• 34:56
  Speaker 2: As you recall, through the COVID pandemic, we spoke to
• 34:59
  Speaker 2: expert repeatedly about how lockdowns and school closures were terrible
• 35:06
  Speaker 2: for children who didn't really face any serious mental health threats,
• 35:10
  Speaker 2: physical health threats from the virus itself. And we were
• 35:14
  Speaker 2: worried about mental health issues and the like transpiring. And
• 35:18
  Speaker 2: that's exactly what's happened now with the Australian reporting on
• 35:21
  Speaker 2: new data that shows eight students in a typical classroom
• 35:26
  Speaker 2: and now deemed to be disabled, with a surge in
• 35:28
  Speaker 2: socio emotional disorders, including mental illness since the COVID pandemic.
• 35:34
  Speaker 1: Let's go to child and adolescent psychologists.
• 35:37
  Speaker 2: Claire Row It was one of the people we spoke
• 35:38
  Speaker 2: to many times throughout the pandemic.
• 35:41
  Speaker 1: Thanks for joining us, Clara.
• 35:42
  Speaker 2: What you were worried about during the school closures and
• 35:45
  Speaker 2: the lockdowns seems to have come to fruition.
• 35:50
  Speaker 17: Well, it seems to have been crease.
• 35:52
  Speaker 18: I mean, I don't think COVID is the only explanation here,
• 35:55
  Speaker 18: and of course there will be a limit to how
• 35:57
  Speaker 18: many years in the future we can blame CO but
• 36:00
  Speaker 18: it absolutely had a significant impact interrupting the development of
• 36:08
  Speaker 18: a generation of children right from preschool age right up
• 36:13
  Speaker 18: to late teenagers who are still struggling today.
• 36:16
  Speaker 17: But the figures reported today, I.
• 36:18
  Speaker 18: Mean they even shocked me to say, you know, we
• 36:20
  Speaker 18: are in a first world country and we're saying that
• 36:23
  Speaker 18: one in four Ossie children need disability adjustments at school.
• 36:29
  Speaker 17: I mean that is an extraordinary number.
• 36:33
  Speaker 1: One level was very alarming.
• 36:34
  Speaker 2: Claire on one level is very well, it's an alarming
• 36:38
  Speaker 2: either way you look at it. But what concerns me
• 36:41
  Speaker 2: is we've spoken before about the incentives under the NDS
• 36:46
  Speaker 2: to get certain diagnoses to get access to funding. Now
• 36:49
  Speaker 2: there's also incentives in the education system for schools to
• 36:52
  Speaker 2: label kids with a disability to get extra funding for
• 36:56
  Speaker 2: the schools. So when you add together the COVID hangover
• 36:59
  Speaker 2: and those two incentives that could encourage people to get
• 37:03
  Speaker 2: a diagnosis in order for funding for the school or
• 37:06
  Speaker 2: the individual, it might be creating a situation that there's
• 37:12
  Speaker 2: you know, it looks a lot worse than it actually is.
• 37:15
  Speaker 17: I think it's a perfect storm.
• 37:16
  Speaker 18: I think there's multiple things going on in here. We
• 37:19
  Speaker 18: absolutely have to have that complex debate and ask why. Yeah,
• 37:23
  Speaker 18: you and I have talked about the incentives embedded within
• 37:25
  Speaker 18: the system, and when you put additional resources that are
• 37:29
  Speaker 18: absolutely tied to disability categorization, the system will drift absolutely
• 37:35
  Speaker 18: towards broader definitions of what a disabled child looks like.
• 37:39
  Speaker 17: And we've had that. I do think that as a psychologist.
• 37:42
  Speaker 18: We do need to have a serious conversation about the
• 37:45
  Speaker 18: possibility of what we've done to childhood in general in
• 37:49
  Speaker 18: one generation.
• 37:50
  Speaker 17: It's not just.
• 37:51
  Speaker 18: COVID, it's it's chronic screen exposure, it's over stimulation, it's
• 37:56
  Speaker 18: lack of sleep, it's parental anxiety, social media. Childhood does
• 38:02
  Speaker 18: not look like it did a generation a.
• 38:05
  Speaker 17: Go, and you can't.
• 38:06
  Speaker 18: You can't change fundamentally the environment that much without expecting
• 38:12
  Speaker 18: a change. On the other end, there's multiple factors here
• 38:15
  Speaker 18: that are going on.
• 38:16
  Speaker 1: Yeah, thanks for joining us again, Claia, I appreciate it.
• 38:18
  Speaker 2: Claire Row there, we'll get back and take up some
• 38:21
  Speaker 2: of those issues with her again. I'm going to go
• 38:22
  Speaker 2: to sport with Robbio in a moment, but first want
• 38:25
  Speaker 2: to start off with the shocking news out of the
• 38:28
  Speaker 2: NRL with the Rabbit O's veteran Jai Arrow forced into
• 38:32
  Speaker 2: early retirement are to being diagnosed with motor neurone disease.
• 38:36
  Speaker 2: The front rower played one hundred and seventy eight games
• 38:38
  Speaker 2: for the Broncos, Titans, Rabbit O's and for Queensland in
• 38:42
  Speaker 2: state of origin.
• 38:43
  Speaker 1: Here he is speaking with nine News last night.
• 38:46
  Speaker 15: My first question was, all right, where I go from now,
• 38:51
  Speaker 15: I want to do everything I can any troll, any
• 38:56
  Speaker 15: medication that you will maintain for as long as personal
• 39:03
  Speaker 15: order and smile.
• 39:06
  Speaker 1: Let's bring in sports broadcaster Mark Robinson. Robbo, this is
• 39:10
  Speaker 1: just harrowing to watch.
• 39:11
  Speaker 2: It's just such a devastatingly difficult, evil disease and this
• 39:17
  Speaker 2: young bug being cut down in his prime is just terrible.
• 39:20
  Speaker 19: Yeah, mate, Yeah, the courage to speak out like you did,
• 39:24
  Speaker 19: that can't be underestimated. As you know, and the country names.
• 39:27
  Speaker 19: We've had Neil Danaher dealing with MND for more than
• 39:31
  Speaker 19: a decade now and really has brought awareness to this horrible,
• 39:36
  Speaker 19: horrible disease and most people would know somebody who has
• 39:40
  Speaker 19: been affected by it. I lost a very good friend
• 39:43
  Speaker 19: with MND. This young man is thirty years of age.
• 39:46
  Speaker 1: Made him.
• 39:46
  Speaker 19: He's got a hell of a fight and he wants
• 39:48
  Speaker 19: to do everything he possibly can at the moment. From
• 39:52
  Speaker 19: what I understand that there's not a cure yet, but
• 39:56
  Speaker 19: that's not going to stop the young man trying. But
• 39:58
  Speaker 19: it does open Chris for I'd take further discussion. I
• 40:03
  Speaker 19: speak to Peter Jests the Concussion campaign up quite often
• 40:07
  Speaker 19: and he's brought to my awareness the increasing evidence that
• 40:12
  Speaker 19: m and D and neurodegenerative diseases are linked to collision
• 40:18
  Speaker 19: based sports. And we've got a young man here at
• 40:20
  Speaker 19: thirty stuffering from MND, so maybe this will sort of
• 40:26
  Speaker 19: start further investigation about the impacts of collision sports.
• 40:30
  Speaker 1: Yeah, you never know.
• 40:31
  Speaker 2: I lost a mate to this terrible disease as well.
• 40:34
  Speaker 2: And as it happens, he was a footballer. I knew
• 40:36
  Speaker 2: him from playing a footy with him for many years.
• 40:39
  Speaker 2: A great footballer, he was griggsy and the disease took
• 40:42
  Speaker 2: him relatively quickly when you consider how long Neil Danaher
• 40:46
  Speaker 2: has been fighting on but you talk about cures.
• 40:48
  Speaker 1: This is the brilliance of Neil Danaher.
• 40:51
  Speaker 2: The whole thing that's been driving him and his whole
• 40:55
  Speaker 2: program has been raising money for research, which is obviously
• 40:57
  Speaker 2: the answer here to.
• 40:58
  Speaker 1: Learn more about it. He's a brilliant man. I read.
• 41:01
  Speaker 2: I was given his book by my producer actually on
• 41:05
  Speaker 2: a trip, and he's written two books, Neil donahare. I
• 41:07
  Speaker 2: recommend them thoroughly to anybody. Let's go on to the
• 41:10
  Speaker 2: happier news in sport, and of course Scott Pendlebury breaking
• 41:14
  Speaker 2: the game's record for the AFL this weekend. It all
• 41:16
  Speaker 2: got a bit willing at Collingwood training this week day
• 41:19
  Speaker 2: because someone tried to spinch one of his gernsies.
• 41:22
  Speaker 1: Apparently haven't look at Channel seven news.
• 41:25
  Speaker 4: It's no ordinary week at Collingwood, but this fan's taken
• 41:29
  Speaker 4: it to the next level, seizing the chance the souvenir
• 41:32
  Speaker 4: a piece of footy history. Seconds earlier, Pendlebury had noticed
• 41:37
  Speaker 4: the ball we'd been asked to sign was one of
• 41:39
  Speaker 4: thirty specially branded Sharans in blazon with the four hundred
• 41:42
  Speaker 4: and thirty three number. The pie is training with the balls,
• 41:45
  Speaker 4: but certainly not about to hand them out for free.
• 41:48
  Speaker 4: Another fan taking the man down in a citizen's arrest,
• 41:51
  Speaker 4: a security guard then securing the safe return of the
• 41:54
  Speaker 4: historic memorabilia before the fan was let go.
• 41:58
  Speaker 2: Yeah, he tried to get the ball rather than the guernsey.
• 42:00
  Speaker 2: There's going to be lots of guernsey. He's going to
• 42:02
  Speaker 2: change him every time. But it's just incredible, really, four
• 42:06
  Speaker 2: hundred and thirty three games of AFL footy.
• 42:08
  Speaker 1: I remember a Collingwood.
• 42:09
  Speaker 2: Mate once pointing out to this young bloke Pendlebury, he's
• 42:12
  Speaker 2: going to be all right, he's been all right, Okay,
• 42:14
  Speaker 2: he's actually been in some sparkling form this season.
• 42:18
  Speaker 19: Yeah, he has what is he and thirty three games
• 42:21
  Speaker 19: this weekend. He's undoubtedly a great of the game and
• 42:27
  Speaker 19: everyone talks about him as being able to have the
• 42:30
  Speaker 19: ability and it happens in Grauby League and it happens
• 42:33
  Speaker 19: in other sports where a player has the ability to
• 42:38
  Speaker 19: slow the game down and I reckon he has got
• 42:43
  Speaker 19: this inate ability to dismiss threats on the ground.
• 42:47
  Speaker 1: So when he's got the ball.
• 42:48
  Speaker 19: And the bustle and bustle and people are running everywhere,
• 42:51
  Speaker 19: he's abed to was tested very quickly who's the threat
• 42:55
  Speaker 19: to win? And he dismisses them. And he he has
• 42:58
  Speaker 19: to deal with those who are direct thread of his
• 43:00
  Speaker 19: And you know, people talk about you either born with
• 43:04
  Speaker 19: that ability. A few players have had it, but Pendlebury's
• 43:08
  Speaker 19: right at the top of the class of being able
• 43:10
  Speaker 19: to maneuver through a game of football with supreme football
• 43:16
  Speaker 19: IQ and a great sense of what he surrounds are
• 43:22
  Speaker 19: in the Hurly Burly. He's had a fantastic career. It
• 43:26
  Speaker 19: will be well celebrated. There's been a lot of noise
• 43:28
  Speaker 19: about all the money he's going to make from it.
• 43:31
  Speaker 19: I'm not particularly thrilled with the AFL change and the
• 43:35
  Speaker 19: rules and that I've spoke to you about that recently.
• 43:37
  Speaker 19: But let's just not ignore the fact that this bloke's
• 43:42
  Speaker 19: going to break the all time games record and possibly
• 43:45
  Speaker 19: could play on next year.
• 43:46
  Speaker 1: He is a freak of nature.
• 43:48
  Speaker 2: He is, Indeed he isn't Indeed Robo well said Robert.
• 43:51
  Speaker 2: We'll catch up with you next week. Why we're on foot.
• 43:53
  Speaker 1: You got to show you my new mug.
• 43:55
  Speaker 2: The Crows decided my old retro mug was no good
• 43:58
  Speaker 2: and the club has wonderfully sent me the new, up
• 44:00
  Speaker 2: to date Adelaide Crows mug. That's a cash for comment. Hey,
• 44:04
  Speaker 2: I'll probably support the Crows from here on in. I'm
• 44:07
  Speaker 2: pretty much on board for life.
• 44:08
  Speaker 1: I reckon.
• 44:09
  Speaker 2: Now we're going to get to the break on the
• 44:10
  Speaker 2: other side, we're going to catch up with the National Cabinet.
• 44:12
  Speaker 1: We're going to catch up with Mark and Tim. We're
• 44:14
  Speaker 1: going to look at rumors of the King's death. They
• 44:16
  Speaker 1: were certainly greatly exaggerated.
• 44:22
  Speaker 2: Let's get into the National Cabinet now with Tim Blair
• 44:25
  Speaker 2: and Mark Nicholson.
• 44:26
  Speaker 1: Let's cheer ourselves up though, with Labor MPs.
• 44:30
  Speaker 2: Telling us how lucky we are to have another Charmers
• 44:33
  Speaker 2: Alban easy budget.
• 44:39
  Speaker 10: Did you hear the news Labor is delivering a one
• 44:43
  Speaker 10: thousand dollars instant takee deduction from one July benefiting you.
• 44:47
  Speaker 10: That's Labor delivering for you.
• 44:49
  Speaker 20: Tim These people reading the rooms, that room is fulled
• 44:55
  Speaker 20: with hallucinogens. I looked to that straordinary behavior. If we
• 45:01
  Speaker 20: thought that that album and Charmers have misread the room.
• 45:04
  Speaker 20: What are these chicks on? This is the misreading it.
• 45:07
  Speaker 20: Let's leave it at that. That's a that might be
• 45:09
  Speaker 20: as polite a way whereas we can put it this moment,
• 45:11
  Speaker 20: because I'm not seeing anyone dancing the street or throwing
• 45:14
  Speaker 20: rose pedals around, that's for sure.
• 45:16
  Speaker 2: The good news is the critics of the government are
• 45:18
  Speaker 2: having some fun on social media.
• 45:20
  Speaker 1: Have a look at these.
• 45:22
  Speaker 7: I think some of them are very flattering and I
• 45:24
  Speaker 7: thanked them for picking very nice photos of me, and
• 45:29
  Speaker 7: I thanked them for that.
• 45:31
  Speaker 1: And I thought we were going to show the memes there.
• 45:33
  Speaker 1: Have we got on there or not?
• 45:36
  Speaker 16: Sweet?
• 45:37
  Speaker 1: I just passed, go I get Saundra back.
• 45:39
  Speaker 21: Whoa there, buddy, This is Australian moopotly fifty percent of
• 45:42
  Speaker 21: income is tax is serious.
• 45:44
  Speaker 11: But now I'm champion in a fundom still handsome, ringing
• 45:47
  Speaker 11: for insoms working hard to.
• 45:50
  Speaker 6: Make a sere heavy seavy you who are we aggreent
• 45:56
  Speaker 6: you though.
• 46:00
  Speaker 17: With the sound of albows bull with slogans that are
• 46:05
  Speaker 17: gold day.
• 46:08
  Speaker 2: They're all pretty good, Mark, but my favorite is you know,
• 46:11
  Speaker 2: Blank doing it hard, working back, doing some overtime before.
• 46:16
  Speaker 1: For Albow, it's perfect mate.
• 46:20
  Speaker 21: And I'm so proud of the Australian people for doing this,
• 46:24
  Speaker 21: by the way, because it's like I was worried that
• 46:26
  Speaker 21: this budget was going to get everyone really upset and
• 46:28
  Speaker 21: really down, but they have turned it around and made
• 46:31
  Speaker 21: this so funny.
• 46:32
  Speaker 3: And what's even better is you.
• 46:34
  Speaker 21: Can see by Albow's face and he's like, oh, it's
• 46:36
  Speaker 21: very flattering, and all he's seething, he's abeding because all
• 46:41
  Speaker 21: those social media clips that he's got his cabinet and
• 46:43
  Speaker 21: staff and everyone else to do, everyone else in labor,
• 46:46
  Speaker 21: because immediately after the budget was like do tiktoks please quickly?
• 46:49
  Speaker 21: A government that hates social media and wants to ban
• 46:52
  Speaker 21: it everywhere is obsessed by it. So seeing all this
• 46:55
  Speaker 21: negative comic where he's the butt of the joke, is
• 46:58
  Speaker 21: he is seething on this brilliant.
• 47:00
  Speaker 2: Hey, just before we go, I've got to show you
• 47:02
  Speaker 2: how a British radio station reported the King's dead.
• 47:09
  Speaker 22: This is Radio Caroline. We have suspended our normal programs
• 47:13
  Speaker 22: until further notice as a mark of respect following the
• 47:16
  Speaker 22: passing of His Majesty King Charles the Third. We will
• 47:19
  Speaker 22: now be playing suitable continuous music until further notice.
• 47:30
  Speaker 2: Relax, everybody, He's okay.
• 47:32
  Speaker 1: You just have to put up with that national anthem
• 47:34
  Speaker 1: for a few minutes.
• 47:36
  Speaker 20: Well, when they're playing that sort of music is that
• 47:38
  Speaker 20: all they do on a loop for the next four
• 47:40
  Speaker 20: days are suitable?
• 47:43
  Speaker 2: Thankfully they fixed it up and we'll have to wait
• 47:46
  Speaker 2: and see when it really happens.
• 47:48
  Speaker 1: Thanks for joining us, gentlemen. We are over time. I'll
• 47:50
  Speaker 1: catch you next week. Thanks for watching. Here's Peter Quidlin.