News

 

  • Parliament resumes today.
    • Treasurer Frydenberg will deliver an economic update at noon, warning ‘there is no money tree. What we borrow today, we must pay back in the future.’
    • the Treasurer will say that fulfilling the three stage restrictions will generate $9.4b activity per month, but that if states retreat the costs will be significant.
  • Prime Minister Morrison suggests that JobKeeper might be extended for some industries, saying he’s ‘fully aware’ that it might need to be adjusted to support ‘sectors that come under strain over a greater period of time.’ (Australian)
    • Anthony Albanese says JobKeeper could be extended for some, but trimmed for others to avoid people being paid more than they would in normal times. (ABC)
    • COSBOA chief Peter Strong says JobKeeper should not be touched because certainty is important to small business. (AFR)
  • ALP calling for a National Housing Stimulus Plan to deal with slowdown. (SMH)
    • urges government to utilise super funds and private sector
    • focus on social housing and affordable properties
  • Labor’s attempt to disallow industrial relations regulation allowing short notice on pay deals is set to fail, with One Nation expressing opposition to its plan. (Guardian)
  • Chinese barley tariff threat is a retaliation for Australia imposing duties on Chinese steel under anti-dumping laws. (AFR)
  • New Zealand will overtake on Australia in easing restrictions by the end of next week under a plan to ‘go hard, go early’. (Australian)
    • On Thursday retail, cafes, cinemas, restaurants, gyms open; Monday schools open; and next Thursday pubs open.
  • Essential poll shows people are comfortable with easing restrictions, only a quarter opposing. (Guardian)
    • 67% support ALP shadow minister Kristina Keneally’s position on restricting labour imports.