Australia news live: $1.5m boost for EV network; markets braced for inflation shock

1 hour ago

EV chargers could be installed in apartment buildings after $1.5m investment boost

Electric vehicle chargers could be installed in the basements of more than 400 apartment buildings around Australia as part of a $3.4m investment in the technology, AAP reports.

Sydney-based charging company ReadySteadyPlug announced plans to expand its charging network on Wednesday after securing a $1.5m investment from the Australian Renewable Energy Agency (ARENA).

The cash will allow the firm to target up to 428 electric vehicle charging points in a bid to remove a hurdle to EV adoption.

The announcement comes after Australians bought a record number of new electric cars in March, and after automotive groups issued a statement calling for certainty about charging infrastructure.

Rather than billing owners’ corporations or residents to install high-speed charging equipment, the company uses standard power outlets and software to deliver load management and metered charging to car parks.

“It’s just like charging your mobile phone,” the ReadySteadyPlug chief executive, Jukka Sintonen, told AAP.

An EV charger
Photograph: Dan Himbrechts/AAP

Key events

Show key events only

Please turn on JavaScript to use this feature

Jarome Luai confirms move to PNG Chiefs

Jarome Luai will be the face of Papua New Guinea’s NRL team after confirming he will leave Wests Tigers to take up a tax-free contact with the PNG Chiefs in 2028, AAP reports.

Luai has signed a two-year deal with the Chiefs, which includes an option for a third year after he and his family flew to Port Moresby on a private jet over the weekend where he was wooed by the country’s prime minister, James Marape.

Jarome Luai
Jarome Luai. Photograph: Dean Lewins/AAP

Upon his return, the Samoan international indicated to the Tigers his eagerness to join the Chiefs as a foundation player for their maiden campaign in 2028.

Luai is permitted to leave the Tigers because of the clauses he was given in his five-year deal.

The five-eighth is in the second season of that contract – which permitted the playmaker to activate an option to stay or leave after years three, four and five. Luai, 29, has told the Tigers he will take up his option to stay at Concord on a $1.2m a season deal in 2027 but has indicated he will then move to the Chiefs for their first campaign.

As part of PNG’s introduction, Luai’s salary will be completely tax free.

Read more here:

Luca Ittimani

Luca Ittimani

Labor’s tech levy could entrench big news outlets’ dominance, local media warns

Local and community media have warned large commercial outlets could be the lone beneficiaries of the Albanese government plan to force big tech companies into media deals.

The news bargaining incentive, announced yesterday, will tax tech platforms if they don’t negotiate with news publishers.

The Local & Independent News Association and Community Broadcasting Association of Australia represent a host of smaller outlets and some bigger names like Crikey and The Conversation.

The two groups said the incentive could leave out smaller publishers and entrench Australia’s status quo of media concentration. They said it could be redesigned to send tax revenue to grants for new publishers, supporting publications addressing diverse and underserved communities.

LINA’s executive director, Claire Stuchbery, said:

double quotation markThe news media industry has been through the fire and needs support to regroup and produce news that is helpful to communities.

Read more here:

Benita Kolovos

Benita Kolovos

Victoria opposition would cap public sector executive pay if elected

The Victorian opposition will today announce it will cap public sector executive pay if elected in November.

Jess Wilson will announce that if elected, the Coalition would cap base salaries for new senior public sector contracts at the same level as the chief justice of the supreme court – currently $598,248.

The cap will apply to new hires and any renewed or renegotiated contracts, increasing each year in line with wages across the state. The opposition estimates this would save the government more than $20m by 2036.

Victorian opposition leader Jess Wilson
Victorian opposition leader Jess Wilson. Photograph: James Ross/AAP

The announcement follows reports on Tuesday that special approval was given by the Victorian independent remuneration tribunal to bypass the state’s maximum remuneration bands for three executives. It includes an executive program director at the state’s infrastructure delivery authority, whose salary is $834,319 a year – more than $260,000 above the maximum band.

Wilson said:

double quotation markUnder Labor, the number of public service executives has tripled but crime is up, our roads are in disrepair and it takes longer to get an ambulance. It’s time for a fresh start that prioritises the basics. Only a Liberal and s government I lead will restore financial discipline and put the focus back where it belongs.

NSW to open two regions for gas exploration

The NSW government announced on Wednesday it will open two regions in the state’s far west for gas exploration, AAP reports.

Bancannia and Pondie Range troughs, north of Broken Hill, will be opened for gas project applications to complement the existing Narrabri Gas Project.

The government says the move is necessary to ensure reliable power in the coming decades, with the Australian Energy Market Operator forecasting gas shortfalls across the east coast.

Gas flares at a gas plant
Photograph: Greg Wood/AFP/Getty Images

The fee to apply for an exploration licence will also be slashed from $50,000 to $1,000 in an effort to attract investment.

The state’s natural resources minister said any prospective project would still be subject to independent planning assessment, including consultation with traditional owners and being consistent with the state’s emissions targets.

NSW aims to cut emissions to 50% of 2005 levels by 2030 but this can only be achieved through further decarbonisation of the state’s power supply, the independent Net Zero Commission says.

EV chargers could be installed in apartment buildings after $1.5m investment boost

Electric vehicle chargers could be installed in the basements of more than 400 apartment buildings around Australia as part of a $3.4m investment in the technology, AAP reports.

Sydney-based charging company ReadySteadyPlug announced plans to expand its charging network on Wednesday after securing a $1.5m investment from the Australian Renewable Energy Agency (ARENA).

The cash will allow the firm to target up to 428 electric vehicle charging points in a bid to remove a hurdle to EV adoption.

The announcement comes after Australians bought a record number of new electric cars in March, and after automotive groups issued a statement calling for certainty about charging infrastructure.

Rather than billing owners’ corporations or residents to install high-speed charging equipment, the company uses standard power outlets and software to deliver load management and metered charging to car parks.

“It’s just like charging your mobile phone,” the ReadySteadyPlug chief executive, Jukka Sintonen, told AAP.

An EV charger
Photograph: Dan Himbrechts/AAP

One Nation remiss to miss candidate’s Labor ties, Joyce says

Luca Ittimani

Luca Ittimani

Barnaby Joyce has acknowledged One Nation may have made a mistake by not asking a star candidate about his past ties to the Labor party.

Nine newspapers on Monday reported the minor party’s nominee for the Farrer byelection, David Farley, sought preselection for Labor in 2021 and donated to the party in 2023.

Joyce, the former deputy prime minister and One Nation convert, said Farley was not asked if he had been involved with Labor.

Joyce told the ABC’s 7.30 last night:

double quotation markWhat we did know about David is the process that he went through. We didn’t ask that question so maybe that’s remiss of us. And even if we had, it wouldn’t have made a difference. We’re more interested in where you are now than where you have been in the past.

Barnaby Joyce
Barnaby Joyce. Photograph: Mick Tsikas/AAP

Joyce also said politicians should accept One Nation as a real political force or “get run over by it”. He said the party would demand its key policies be adopted if it won the balance of power in a minority Coalition government.

James Paterson, the Liberal frontbencher, acknowledged the Coalition would find the Farrer byelection “very challenging”, telling 7.30:

double quotation markWe know we are not at an electoral high point nationally and we know that One Nation’s appeal at the moment appears to be, especially concentrated in regional and rural electorates …

[But] if people do want to see change … vote for a Liberal or who can actually change the government.

Queensland health minister still has major concerns about Thriving Kids

Tim Nicholls, the Queensland health minister, said the state still has major concerns about the federal government’s Thriving Kids program, which will move children under nine years old with mild development delays and autism off the NDIS. Queensland is the only state yet to sign on to the plan, which is expected to be fully set up by 2028.

Nicholls told RN Breakfast this morning:

double quotation markWe want to make sure that any system that does replace what the Commonwealth is trying to do – and let’s face it, the Commonwealth is cost shifting to the states in regard to this – is able to provide the adequate supports that people need in those circumstances in those early years. …

We’re not going to sign up to that until we’re convinced that there is a program that can be done.

He said Queensland and New South Wales had major obligations when it came to the number of people affected when compared to other states and territories:

double quotation markWe want to make sure we get it right and don’t leave kids who need support and their families out of the considerations we’re taking.

Read more here:

Tim Nicholls
Tim Nicholls. Photograph: Jono Searle/AAP

Australian journalism ‘critical to our democracy’, assistant treasurer says

Daniel Mulino, the assistant treasurer, said journalism is “critical to our democracy”, adding the effort to get tech companies to pay for Australian reporting was meant to combat the internet “undermining” the way news companies traditionally made money.

Mulino spoke to RN Breakfast, saying the new plan was about getting tech giants to enter into commercial arrangements with media companies so they pay a “fair amount” for the content they use.

Mulino said:

double quotation markWe know that journalists tell Australian stories. They inform us about what’s going on in our community and the broader world, but also public interest journalism in particular. Independent, high-quality public interest journalism is critical to our democracy.

He said some sites, like LinkedIn, were excluded as they didn’t have the same market power as others and were of a “different nature” than platforms like Facebook. AI platforms are also excluded, Mulino said, as they are being “dealt with through other processes”.

Assistant treasurer Daniel Mulino
Assistant treasurer Daniel Mulino. Photograph: Mick Tsikas/AAP

s leader welcomes effort to get Google, Meta and TikTok to pay for local news

s leader Matt Canavan said he welcomes the plan to get tech giants to pay for Australian news after Anthony Albanese urged Google, Meta and TikTok to make deals with local media outlets to avoid a dedicated levy on their local revenues.

Canavan spoke to RN Breakfast this morning, saying he was disappointed to see the previous Morrison government’s news media bargaining code “wither on the vine”.

double quotation markI absolutely do think that the large overseas big tech companies should be contributing to the new services of all Australians. Especially here in rural and regional Australia.

We have seen a lot of our media collapse, especially since Covid. That has had a very big effect on the town I live in, lots of other country towns, where you can’t get your issues elevated as much as you used to without a daily newspaper.

Printed newspapers are really important. Old technology is really important. It just doesn’t work online.

s leader Matt Canavan
s leader Matt Canavan. Photograph: Mick Tsikas/AAP

US alliance still 'robust' despite voter disapproval, Paterson says

Luca Ittimani

Luca Ittimani

James Paterson, the Coalition’s defence spokesperson, was asked on ABC’s 7.30 last night about how the opposition would deal with the Trump administration and he said it was “inarguable” that Australians have less support for the US alliance under the current US government.

But the Liberal frontbencher said public opinion did not affect the “robust” alliance.

Despite the clear signal of disapproval for Trump in Australian polls, he told 7.30:

double quotation markI don’t think that actually changes the fundamentals of the US-Australia alliance. It’s still incredibly robust at other levels but I think we should be adult and be honest and acknowledge that that has had an impact on how Australians view the United States. . … It doesn’t mean, though, that Australia’s national interest has changed, even if Australians disapprove of this administration.

Paterson said Australia’s bases for US submarines and the Pine Gap intelligence base tied the countries together.

double quotation markThe alliance is about more than just the personalities of any one commander-in-chief … Frankly, it’s in America’s national interest. What Australia offers the United States, it cannot get from elsewhere.

Shadow defence minister James Paterson
Shadow defence minister James Paterson. Photograph: Lukas Coch/AAP

Good morning, Nick Visser here to pick up the blog. Let’s see what the day has in store.

Dan Jervis-Bardy

Dan Jervis-Bardy

The projects would need to comply with proposed new national environmental standards, which government sources insist will be in place before the bilateral agreements are negotiated.

Albanese has previously explained that instead of a costly two-stage, two-track process, the government wants a one-step process, “with one, clearer, faster, yes or no” that can act as a “circuit breaker”.

The prime minister will address the miners following reports last week that he had ruled out introducing a new tax on gas exports in the 12 May federal budget – a policy the industry vehemently opposes.

In the speech to the Chamber of Minerals and Energy WA, Albanese will frame the budget as the most ambitious and important since Labor returned to power in 2022 as the government grapples with the impact of the Iran war and global fuel crisis.

Albanese will say:

double quotation markNone of us here can determine when this war will end. But all of us can choose how we respond to the economic challenges it is creating. We can choose what we learn from this global crisis, even before it ends. And we can choose what we are going to do differently, as a country. What we will build and change and reform, so that Australia does more than weather this storm, we emerge from it as a stronger, fairer and more resilient country.

Prime minister Anthony Albanese
Prime minister Anthony Albanese. Photograph: Bianca de Marchi/AAP

Dan Jervis-Bardy

Dan Jervis-Bardy

Albanese to announce ‘circuit-breaker’ to fast-track mining, energy and housing applications

The federal government has pledged new funding to help the states and territories strike agreements that would allow them to assess and approve projects themselves under new federal nature laws.

Anthony Albanese will make the four-year, $45m announcement in a speech to a mining industry event in Western Australia, describing the deals as a “circuit-breaker” that will fast-track mining, energy and housing applications.

The new “single-touch” regime was a feature of Labor’s rewrite of the Environment Protection and Biodiversity Conservation Act (EPBC Act), which passed the parliament last year under a deal with the Greens.

Labor had previously opposed handing federal environmental approval powers to state and territory governments, including iterations of the policy that were put forward by the Abbott and Morrison governments.

If deals are struck, the states and territories would be able to greenlight projects without requiring a separate commonwealth assessment.

Newly built houses in Melbourne
Newly built houses in Melbourne. Photograph: Jesse Thompson/Getty Images

Markets braced for inflation shock

Patrick Commins

Patrick Commins

Consumer price data released later this morning will confirm the Iran war is delivering a major inflationary shock to the economy thanks to soaring fuel prices.

Economists at Westpac predict inflation jumped by 1 percentage point to 4.7% in the year to March, based on the monthly consumer price index figures.

The Australian Bureau of Statistics also reports more established quarterly figures, and by this measure annual inflation will jump to 4.2%, from 3.6% in the year to the December quarter.

Inflation was already running too high for comfort before the US and Israel began the Middle East conflict on 28 February, and the latest numbers will underline the case for another Reserve Bank interest rate hike next Tuesday.

Fuel station in Melbourne
Soaring fuel prices are expected to spread through the economy. Photograph: Jay Kogler/AAP

Economists say inflation is set to accelerate from here as higher fuel costs spread through the economy and drive a broader lift in prices.

For example, the Westpac economists expect inflation to reach 5.8% in May, and only retreat to 4.7% by the end of this year.

For context, the RBA’s official target is 2.5%.

But central bank officials will be aware that the Iran war will smash economic growth, and the RBA’s board will be weighing this against the need for more rate hikes.

Read more here:

King Charles praises 'ambitious' Aukus in speech to US Congress

King Charles’s address to the US Congress has been covered over in our US politics blog (check it out here).

But it’s worth noting that Australia got a shout-out, and specifically the Aukus nuclear submarine program, in a section of the speech that pointedly dwelt on the importance of defence ties between the US and UK (and Nato more broadly).

The king said:

double quotation markOur defence, intelligence and security ties are hardwired together through relationships measured not in years, but in decades.

Today, thousands of US service personnel, defence officials and their families are stationed in the United Kingdom, as British personnel serve with equal pride across 30 American states.

We are building F-35s together.

And we have agreed the most ambitious submarine programme in history, Aukus.

And we do so in partnership with Australia, a country of which I am also immensely proud to serve as sovereign.

We do not embark on these remarkable endeavours together out of sentiment.

We do so because they build greater shared resilience for the future, so making our citizens safer for generations to come.

King Charles speaks in the House Chamber at the US Capitol in Washington
King Charles speaks in the House Chamber at the US Capitol in Washington. Photograph: Kylie Cooper/AFP/Getty Images

Welcome

Good morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it’ll be Nick Visser with the main action.

Consumer price data coming out today is expected to show the sharp shock that the US-Iran war has dealt to our economy (and our wallets).

And overseas, King Charles has addressed the US Congress and found time to praise Australia and spruik the Aukus nuclear submarine program, in a section where he dwelt on the importance of defence ties between the US and UK.

More on these stories, and more, coming soon.

Read Full Article at Source