Former Federal Treasurer Josh Frydenberg has conceded his seat of Kooyong in east Melbourne after a tightly fought contest with climate-focused “teal” independent candidate Monique Ryan. Kooyong was formally considered a safe, blue-ribbon seat for the now-defeated Coalition, once held by centre-right Liberal Party founder Sir Robert Menzies. The electorate fell after a concerted, grassroots…
Australian Treasurer Formally Concedes Electoral Seat of Kooyong
May 23, 2022
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Asia & PacificAustraliaBusiness & Economyclimate changeeconomic policiesInternationaljosh frydenbergWorld
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Safe Seats May Slip as Victoria Votes in Aussie Federal Election
Treasurer Josh Frydenberg has again sidelined polling showing he could lose his Melbourne seat, as a number of Victorian electorates come under threat from independent candidates. The senior Liberal’s seat of Kooyong is the target of well-funded independent Monique Ryan, who has campaigned on climate action, the establishment of a federal integrity commission, safety for women,…
Government Will Not Cut Public Service to Fund Election Pledges: Australian PM
May 17, 2022
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anthony albaneseAustraliaBusiness & Economyeconomic policiesInternationaljosh frydenbergScott MorrisonWorld
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Australian Prime Minister Scott Morrison has said that the Coalition would not slash essential public services to fund its election commitments. The centre-right Coalition released its policy costings on May 17, which specified that government departments would be subject to an “efficiency dividend,” or annual budget reduction of two percent in the next three years…
Treasurers Rule Out Increase to NDIS Levy
May 5, 2022
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Australiaaustralian federal electionAustralian federal election 2022Business & Economyeconomic policiesInternationalJim Chalmersjosh frydenbergWorld
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Treasurers from both major parties have ruled out increasing the Medicare Levy to control the spiralling cost of Australia’s National Disability Insurance Scheme (NDIS), which will hit $60 billion-a-year (US$42.7 billion) by 2030 and has pipped the budget of universal healthcare program Medicare. During the Treasurers Debate on May 4, incumbent Coalition Treasurer Josh Frydenberg…
Reserve Bank of Australia Needs More Monetary Experts: Economist
April 29, 2022
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AustraliaBusiness & EconomyBusinesses in COVID-19economic policieseconomyinflationJim Chalmersjosh frydenbergmonetary policyReserve Bank of AustraliaWorld
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The Reserve Bank of Australia (RBA) needs more monetary experts on its board as part of a much needed structural reform, the chief economist at the Centre of Independent Studies said. Peter Tulip, who previously worked at the RBA, noted that while many media reports have suggested an external RBA review to focus on the…
Federal Opposition Defends Political Attack Ads Called ‘Racist’ By Treasurer
April 24, 2022
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The federal opposition of Australia is standing by a political attack ad targeting centre-right Coalition MP Gladys Liu amid campaigning for the marginal electorate of Chisholm in Melbourne. Prime Minister Scott Morrison and Treasurer Josh Frydenberg have criticised the campaign claiming it is “racist”—it comes as Australia-China relations and defence continue to feature heavily in…
Australia: The Unlucky Country?
March 31, 2022
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AustraliaAustralia bushfireConcetta Fierravanti-WellsCOVID-19 pandemicJohn Howardjosh frydenbergMalcolm TurnbullOpinionScott MorrisonViewpointsWorld
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Commentary In 1964, Donald Horne published his iconic book “The Lucky Country.” Horne controversially wrote that “Australia is a lucky country run mainly by second rate people who share its luck. It lives on other people’s ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so lack curiosity about…
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…
Australians to get Tax Cuts and Cash Handouts to Relieve Cost of Living
March 29, 2022
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AustraliaAustralian economyAustralian federal budgetBusiness & Economyeconomyfuel exciseJim Chalmersjosh frydenbergScott Morrisontax reliefWorld
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Ten million Australians will receive a one-off $420 (US$315) tax offset to assist with the ballooning cost of living, while six million welfare recipients will get a $250 cash payment in the 2022-23 federal budget. Treasurer Josh Frydenberg unveiled the details of the anticipated “temporary, targeted, and responsible” cost of living relief package on Tuesday…
Australia Investing $17.9 Billion Into Infrastructure in Next Federal Budget
March 28, 2022
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AustraliaAustralian federal budgetBusiness & Economyeconomyfiscal policyJim Chalmersjosh frydenbergScott MorrisonWorld
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The Australian federal government announced a record $17.9 billion (US$13.4 billion) in infrastructure funding for new and existing projects across every jurisdiction in the 2022-23 federal budget. Treasurer Josh Frydenberg said infrastructure is a key pillar of the economic growth plan and get more Australians into work. “With the unemployment rate already at an equal…
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