A new poll has shown that the Labor government’s plan to lift the superannuation tax for high-income earners was well received by most Australian voters. According to the latest Newspoll conducted by The Australian, which surveyed 1,530 voters between March 1 and March 4, over six in ten (64 percent) respondents supported the government’s plan…
Majority of Australian Voters Support Labor’s Plan to Raise Super Tax: Newspoll
Australian Government Accused of Leaving Country in the Lurch on Cyber Security
The federal Labor government has been accused of leaving Australians in the lurch over cybersecurity after it allegedly removed 27 cybersecurity roles from the Priority Migration Skilled Occupation List. This comes as the Australian Cyber Security Centre (ACSC) has said that it is receiving one report every eight minutes, compared to every seven minutes in the…
Australia Hoping to Lock-In First Free Trade Deal With Middle Eastern Nation
March 17, 2022
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AustraliaBusiness & EconomyDan Tehaneconomic policiesInternationalMarketsMiddle EastUnited Arab EmiratesWorld
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Australia is pursuing its first Free Trade Agreement (FTA) with a Middle Eastern nation as it looks to bed down an FTA with the United Arab Emirates (UAE). Trade ministers from both countries have released a joint statement outlining an intent to lock-in the FTA. Current two-way trade between Australia and the UAE is worth…
Australia and India to Ink Free Trade Deal as Australia Pushes For Market Diversification
February 21, 2022
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AustraliaAustralia-IndiaDan Tehaneconomicsforeign affairsFree Trade DealIndiaInternationalMarket Diversificationtrade diversificationWorld
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Australia and India are set to ink an interim free trade deal in the next three weeks, which has been considered an important move in deepening trade relations and furthering Australia’s push for diversification. The agreement precedes a Comprehensive Economic Cooperation Agreement (CECA) which is expected in 12-18 months and aims at boosting opportunities in…
Australia Launches New ‘Only in Australia’ National Brand
Australia has launched a new national brand featuring the logo of a golden Kangaroo and complemented by the tagline “Only in Australia.” The brand was redesigned after its old design, a golden wattle, resembled an illustration of the coronavirus. More than 300 marketing resources will be freely available to Australian businesses to help better promote…
Australia-UK Trade Deal Sees Nearly All Tariffs Removed for Aussie Exports
Australia and the United Kingdom have finalised a trade agreement that will remove nearly all tariffs on Australian goods to the country. Dan Tehan, Australian trade minister, and Vicki Treadell, UK high commissioner, formally signed the deal in Adelaide on Dec. 17, after an initial in-principle agreement was inked in June. This means that over…
Australia Will Reopen International Borders for Students and Skilled Migrants Dec. 15: Trade Minister
Australia will open its borders for international students and skilled migrants on Dec. 15 after putting the plans on hold for two-weeks due to the emergence of the Omicron variant of CCP (Chinese Communist Party) virus. The government had originally planned to open the international borders to this cohort on Dec. 15 but paused those plans while…
Australia Ratifies World’s Biggest Trade Agreement With 15 APAC Countries
November 2, 2021
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Asia & PacificAustraliaBusiness & EconomyChinaChina-Australia RelationsComprehensive and Progressive Agreement for Trans-Pacific PartnershipCPTPPDan TehanEconomiesInternationalMarise PayneRCEPRegional Comprehensive Economic PartnershipWorld
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Australia has ratified one of the biggest trade deals spanning the Asia-Pacific region, but has maintained “grave concerns” over the political situation in Burma, also known as Myanmar. The Regional Comprehensive Economic Partnership (RCEP) includes 15 signatories, covering 2.2 billion people, and 29 percent of global GDP. The 15 countries include ASEAN nations, Burma, Vietnam,…
Australia Blocks China With $1.6 Billion Takeover of South Pacific Telco
October 24, 2021
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Andy PennAsia & PacificAustraliaAustralia-China RelationsBusiness & EconomyChinaChina-Australia RelationsCompaniesDan TehanInternationalInternational RelationsMarise PayneSouth PacificTechTech NewsTelstraWorldZed Seselja
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The Australian federal government and major telecommunications firm Telstra have pulled the trigger on a US$1.6 billion (AU$2.1 billion) takeover of a dominant South Pacific mobile telecommunications business amid ongoing concerns Beijing could step in and deepen its foothold in the region. The government and Telstra announced its decision on Oct. 25 to acquire the…
EU Postpones Free Trade Talks With Australia for 2nd Time
October 24, 2021
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Asia & PacificAustraliaAustralia-EU relationsBusiness & EconomyChinaChina-Australia RelationsDan TehanEuropeEuropean UnionInternationalMarketsWorld
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The European Union (EU) have delayed trade talks with Australia again amid ongoing displeasure from the French government at the surprise announcement of the AUKUS deal, which saw Australia cancel an AU$90 billion (US$64 billion) submarine project. Australian Trade Minister Dan Tehan revealed that the 12th round of talks with the EU had been postponed…
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