Treasurer Josh Frydenberg has all but conceded he will lose the blue-ribbon seat of Kooyong to independent Monique Ryan. Frydenberg suffered a swing against him in excess of 10 percent, with more than half of votes counted in the inner-east Melbourne seat late on Saturday. Alongside his wife Amie, the deputy Liberal leader admitted prospects of…
Australian Treasurer Josh Frydenberg Facing Possible Election Loss to Climate Action Independent
Scott Morrison Right Man for the Job: Australian Treasurer
May 14, 2022
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The Liberal Party is finally launching its official election campaign less that a week out from polling day, still way behind in opinion polls under the leadership of Scott Morrison. The prime minister has promised to change his ways in an attempt to lure undecided voters, but Liberal deputy Josh Frydenberg, who is seen as…
Victoria Labor Announces Payments to Save on Energy Bills
May 2, 2022
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2022 federal budgetanthony albaneseAustraliaAustralian federal budgetAustralian federal election 2022Australian Labor Partydaniel andrewsEnergy Billenergy billsliberal national coalitionTreasurer Josh FrydenbergvictoriaWorld
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The Victorian Labor Government has announced a new $250 (US$176.4) one-off payment for all Victorian households as part of the new Power Saving Bonus program for energy bills. “This is a great opportunity for Victorians to save money, ease the cost of living, and cut their energy bills,” the Premier of Victoria Daniel Andrews said. Under…
Coalition Promises More Jobs for Regional Australia
The Liberal-National coalition party has promised to generate 450,000 new jobs in regional Australia in the next five years as part of its election campaign. Prime Minister Scott Morrison, from the centre-right Liberal Party, said on April 27 the additional jobs were part of the total 1.3 million jobs the Coalition already pledged to deliver. “Only…
Rising Costs Hit Australian Small Business Sentiment
The impact of the Omicron COVID-19 variant and escalating costs have cut short the recovery in the confidence of small and medium businesses across Australia, a new survey has found. According to the latest National Australia Bank business survey of small and medium enterprises (SME), the confidence index for the March quarter fell six points…
Low Unemployment Rate Wasn’t Due to Luck: Australian Treasurer
Australia’s unemployment rate remained unchanged in March 2022, which failed to meet economists’ expectations but still gave confidence to authorities. Earlier, economists had anticipated the unemployment rate to drop slightly to 3.9 percent in March, reaching the lowest level since the 1970s. New workforce data from the Australia Bureau of Statistics (ABS) showed that the…
Australian Jobless Rate to Steadily Fall to ‘Low Threes’: Job Ads Report Suggests
April 4, 2022
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New job advertising data indicated that Australia’s unemployment rate was likely to stay in the “low threes” until the end of 2022. According to an ANZ report, the average total number of job ads in Australia rose 0.4 percent to 245,891 in March after experiencing a 10.9 percent growth in February. The report noted that…
Advocates Celebrate PBS Listing of a Rare Breast Cancer Treatment in Federal Budget
March 29, 2022
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The Breast Cancer Network Australia (BCNA) is celebrating the listing of Trodelvy, a treatment for a rare form of breast cancer on the Pharmaceutical Budget Listing (PBS) as part of the 2022/23 Federal Budget. “For the first time, this drug gives hope to many young women, extending their life expectancy and providing an opportunity to…
Australian Treasurer Promises Targeted, Temporary, Proportionate Cost of Living Relief in Budget
Australian Treasurer Josh Frydenberg has pledged measures to ease Australia’s rising cost-of-living in Tuesday’s federal budget that don’t add unnecessary upward pressures on inflation and interest rates to be set by the Reserve Bank. Frydenberg indicated that the government’s targeted measures will be “temporary and proportionate,” as has been the government’s “fiscal stimulus” during the worst…
150 Groups Call for More Social Housing in Australia, Economist Disagrees
March 23, 2022
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Over 50 percent of renters living in major capital cities face “housing stress,” according to figures from advocacy group Everybody’s Home, prompting 150 organisations to call for the government to invest in more social housing. According to the latest data, renters in outer suburban and coastal areas suffered the most from rent hikes and housing stress—which…
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