Australian news and politics live: Albanese, Wong announce Australia now recognises Palestinian state

Australia is set to announce formal recognition of a Palestinian state imminently.

According to reports by the Age and ​Sydney Morning Herald​ it could happen as soon as today.

Prime Minister Anthony Albanese and Foreign Minister Penny Wong have been leading the government’s response to the escalating crisis in Gaza, with cabinet expected to consider final approval during a meeting.

This move follows similar accelerated recognition plans by allies including the United Kingdom, Canada, and France, who see the step as a diplomatic tool aimed at addressing the humanitarian catastrophe and encouraging peace in the region.

It comes after Israeli Prime Minister Benjamin Netanyahu’s harsh condemnation of Australia’s position, which he called “shameful,” accusing Canberra and European countries of embracing an “absurdity” that fuels conflict rather than resolving it.

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Social Services Minister Tanya Plibersek says “it’s no secret” that declining numbers of petrol and diesel vehicles are eroding fuel excise revenue, leaving less money to build and maintain Australia’s roads.

Her comments come as industry and government leaders meet to discuss a possible road user charge for electric vehicle (EV) drivers ahead of the Albanese government’s economic reform roundtable next week.

While stressing that any charge on EVs wouldn’t be “happening tomorrow,” Ms Plibersek said it was important to consider long-term measures to secure road funding.

“I do think it’s sensible to look long-term for the states and territories at what they do to make sure that there’s enough money to build the roads that people want to drive on and to make sure they’re maintained as well,” she told Sunrise.

Nationals MP Barnaby Joyce was speaking alongside Ms Plibersek and said: “I have a sense there’s a lot of EVs in Tanya’s electorate, so she doesn’t want to jump right in there, got to be careful about that.”

And on whether EV drivers should pay their share: “They definitely should, 100% they should,” he said.

Liberal senator Jane Hume says she can “understand Israel’s disappointment” after Prime Minister Benjamin Netanyahu labelled Australia’s support for Palestinian statehood “shameful” during remarks at the United Nations Security Council on Sunday.

“I could understand Israel’s disappointment in the response of the Australian government, a reliable ally for so many years,” Ms Hume told Sky News on Monday morning.

“If Hamas would agree to return those hostages to allow safe passage of aid into Gaza and to demilitarise, well then the peace process can begin. But until that happens, the two states solution is impossible because everyone will continue to be under threat.”

Markets are almost certain the Reserve Bank of Australia will cut interest rates at its August meeting despite the board facing an increasingly uncertain environment.

Benign quarterly inflation figures released by the Australian Bureau of Statistics in July should convince the board to cut the cash rate in a two-day meeting that starts on Monday, AMP deputy chief economist Diana Mousina said.

In fact, a cut of 25 basis points to 3.6 per cent should have happened already, Ms Mousina said.

Mortgage holders will be hoping lighting doesn’t strike twice after the central bank’s board voted in a 6-3 decision to leave rates on hold in July, despite markets pricing in a near-certain chance of a cut.

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Israeli Prime Minister Benjamin Netanyahu has sharply criticised Australia for its growing support toward recognising a Palestinian state, branding the move “shameful.”

Speaking during a press conference following the approval of a new Gaza offensive plan, Mr Netanyahu dismissed the idea as a “canard” and expressed disappointment that Australia and some European countries would support what he sees as a false narrative that giving Palestinians a state would bring peace.

“To have European countries and Australia march into that rabbit hole, just like that. And buy this canard, it is disappointing. And I think it’s actually shameful, but it’s not going to change our position,” he said.d

Despite this, Mr Netanyahu reaffirmed Israel’s firm stance, saying the recognition push “is not going to change our position.”

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