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Key Events
PM denies report Defence Minister wasn’t briefed by ADF for two years
Anthony Albanese has shot down a report suggesting military chiefs failed for more than two years to provide formal updates to Defence Minister Richard Marles calling it “absurd”.
The Australian Financial Review report revealed a scathing Auditor-General’s audit had raised questions over the relationship between Mr Marles and his department.
“That’s just ridiculous. Frankly, haven’t seen that report, but we sit in the National Security Committee with the chief of the Defence Force. We meet regularly,” he said on Today.
“I certainly have met with heads of all of the armed forces regularly. And, you know, that is just completely incorrect.
“We came to office, we initiated a defence strategic review that outlined what elements we need in the lead up to budget.
“The idea this $57 billion that we’ve added to our defence investment of our capability has come directly after discussions and engagement, obviously, with defence.
“And in the last budget in March, indeed, we brought forward $1 billion of additional spending, bringing to over $10 billion our additional commitments over the forward estimates as well.”
PM rejects suggestion he’s been ‘snubbed’ by Trump
Anthony Albanese has denied a suggestion Donald Trump has snubbed him, the leader of the US’ close ally.
“No, not at all. And we’ve had really constructive discussions,” he said during an appearance on Today.
“They’ve been respectful. I’ve been respectful of the president. And I must say that he’s been respectful of me as well when he rang to congratulate me on the election.
“And that’s a positive thing.
“And I’ve also had, of course, constructive discussions with members of the US administration, as have my ministers.
“But, you know, the president has a view about tariffs. It’s different from Australia’s view. And it must be said that it’s different from past presidents view as well.
“What most economists realise is that free and fair trade is a good thing for the world ans America has benefited from that.
“Now this president has a right to adopt his America First policy, as he calls it. We have a right to represent Australia’s national interests, that’s what I will do.”
Albo talks up ‘constructive dialogue’ on tariffs. AUKUS
Anthony Albanese said he’ll have a “constructive dialogue on tariffs and the AUKUS defence partnership.
“The United States is an important ally of Australia, but Australia contributes to that partnership.
“When you look at some of the coverage, you would think we were this country that just did nothing, contributed nothing to it.
“I will talk Australia up because we are an important ally.
“We contribute so much to peace and security in our own region by investing in our capabilities. But importantly as well, the role that we play in investing in our relationships in the region is absolutely critical.”
‘No country in world with lower US tariff than Australia’
Asked about US tariffs, the Prime Minister indicated Australia was relatively lucky but again called it an act of economic self harm on the US’ part.
“The truth is that we have, as a tariff, which is of course, a cost on US purchases of Australian goods and services of 10%.
“There’s no country in the world that has a lower tariff than Australia.
“Indeed, if you look at our beef exports were up 91 per cent by value when it comes to April this year compared with April last year, when there weren’t tariffs.
“So the goods are still being exported. It’s just that those purchasing those goods are paying more for them.
“And that is why tariffs are an act of economic self-harm. That’s why we haven’t reciprocated by imposing tariffs on US imports into Australia, consistent with our free trade agreement.
Albo vague on when he’ll meet Trump
The Prime Minister said he’ll meet US President Donald Trump “in coming months” but admitted the date was “open ended”.
Q. “In terms of meeting Donald Trump. Do you have a date? It sounds a bit open ended “in coming months’.”
A. “We’ll have a meeting. We’ve had a few constructive discussions. I’m sure when we meet it will be constructive as well.
As you know, the president left the G7 because there was going on with Iran and Israel and the president’s intervention is something that we supported and something that has led to a ceasefire, which is good news.”
Tech giant’s tips for Australia to catch the AI wave
Tax incentives and artificial intelligence lessons in schools could help ensure Australia doesn’t miss out on the benefits of the AI wave, according to the firm behind industry giant ChatGPT.
For OpenAI chief economist Ronnie Chatterji, a visit to Australia to meet with business leaders, investors and policy makers comes at an opportune moment.
The federal government has embraced AI as a key plank in its mission to fix the nation’s stagnant productivity growth and improve living standards ahead of an economic reform roundtable in August.
“It’s a good time where there’s a big conversation in economic policy circles right now about how to increase productivity,” Dr Chatterji told AAP.
AI can make the economy more productive and society more prosperous by freeing workers from mundane administrative tasks, OpenAI said in an economic blueprint for Australia released on Tuesday.
“A nurse unburdened by paperwork can spend more time with patients,” its report said.
“A business owner with more bandwidth can pursue bold ideas.”
Tax incentives should be offered for businesses to increase adoption and training programs should be rolled out to increase the capability of the workforce.
In education, AI literacy and ethics lessons should be introduced to schools to give students the skills to harness the technology when they enter the workforce.
Premier pockets pay bump to become second highest paid politician
Premier Jacinta Allan is set to rake in a hefty half a million dollar salary, securing her position as Australia’s second-highest paid politician.
After a pay bump, the Victorian leader will pocket $512,972, trailing only Prime Minister Anthony Albanese’s $620,000 pay cheque.
The $14,941 pay rise comes after a decision by the Victorian Independent Remuneration Tribunal to increase MP salaries and allowances by three per cent on Monday.
The premier’s package includes an expense allowance of $64,475.
Deputy Premier Ben Carroll will soon be paid $236,662, while Opposition Leader Brad Battin will collect $409,107.
Backbench MPs will have a base salary of $211.972.