‘Hallucinating': Opposition slams Labor over ‘inventing' US beef ban talks
'Australians rely on the government to confidently and competently advocate for our national interest,' Ms Ley said during Question Time on Monday.
'Yesterday, the trade minister seemed to be hallucinating on national TV when he invented a conversation between the US President and the prime minister about beef.
'How can Labor be trusted to secure tariff exemptions when the trade minister confuses a public statement from the president with a leader-to-leader phone call that never happened?'
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The Age
27 minutes ago
- The Age
Coalition picks its first fight with Labor – on housing ‘nightmare'
The Coalition will launch its first legislative attack on the federal government over housing, seeking to reverse a tax incentive that the building industry believes will deliver the country 80,000 new rental properties. Opposition housing spokesman Andrew Bragg said on Tuesday the Coalition would move in the Senate to disallow regulations for the government's build-to-rent program, describing them as a foreign investor tax cut that would drive people into a 'nightmare of lifelong renting'. Housing was one of the most important issues in the May election because of a sharp lift in house prices since 2020 and annual rental inflation climbing beyond 10 per cent a year in some capital cities. The Coalition promised first home buyers could make interest on their mortgage tax-deductible for five years, while the government committed to allowing new buyers to purchase a property with a 5 per cent deposit. The build-to-rent laws were passed by the parliament late last year, forming a key part of the government's target to build 1.2 million homes by mid-2029. The government is estimated to already be at least 260,000 properties behind on its target, with Treasury warning in an official briefing to Treasurer Jim Chalmers that on current policy settings it would fall short. Loading Bragg said the build-to-rent laws did little but reward foreign property investors while keeping people in rentals rather than helping them buy their own home. 'Labor's obsession with foreign landlords and big super taking over Australian housing once again prioritises vested interests over Australia's national interest. The Australian dream is about people – not corporations,' he said. 'The Coalition's priority is for Australians of all ages to own their own home. While the Coalition strongly supports foreign investment, it needs to fit with Australian culture and expectations.'
Sydney Morning Herald
27 minutes ago
- Sydney Morning Herald
Coalition picks its first fight with Labor – on housing ‘nightmare'
The Coalition will launch its first legislative attack on the federal government over housing, seeking to reverse a tax incentive that the building industry believes will deliver the country 80,000 new rental properties. Opposition housing spokesman Andrew Bragg said on Tuesday the Coalition would move in the Senate to disallow regulations for the government's build-to-rent program, describing them as a foreign investor tax cut that would drive people into a 'nightmare of lifelong renting'. Housing was one of the most important issues in the May election because of a sharp lift in house prices since 2020 and annual rental inflation climbing beyond 10 per cent a year in some capital cities. The Coalition promised first home buyers could make interest on their mortgage tax-deductible for five years, while the government committed to allowing new buyers to purchase a property with a 5 per cent deposit. The build-to-rent laws were passed by the parliament late last year, forming a key part of the government's target to build 1.2 million homes by mid-2029. The government is estimated to already be at least 260,000 properties behind on its target, with Treasury warning in an official briefing to Treasurer Jim Chalmers that on current policy settings it would fall short. Loading Bragg said the build-to-rent laws did little but reward foreign property investors while keeping people in rentals rather than helping them buy their own home. 'Labor's obsession with foreign landlords and big super taking over Australian housing once again prioritises vested interests over Australia's national interest. The Australian dream is about people – not corporations,' he said. 'The Coalition's priority is for Australians of all ages to own their own home. While the Coalition strongly supports foreign investment, it needs to fit with Australian culture and expectations.'
The Advertiser
27 minutes ago
- The Advertiser
Nation urged to increase spending on AI storage
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Australia does not currently have strict AI laws, and chair of corporate regulator ASIC Joe Longo recently cautioned against over-regulation. He urged governments not to address a perceived problem by simply throwing more rules at it. But winning over the public's perception of AI is a challenge of itself, as a KPMG report found that only 36 per cent of Australians trust AI. Mr Dubois said there is a fine balance between storing AI ethically and powering our economy through data centres. AI is expected to become a major focus at the government's economic roundtable in August, however, unions are calling for appropriate safeguards for employees. Businesses and technology providers will look to foreign countries if Australia does not build digital infrastructure to house artificial intelligence, experts say. AI is stored in data centres - massive facilities that process data from cloud servers, with complex operations being needed by millions of customers. Industry figures say the nation's AI storage facilities are lacking. Australia currently has 314 data centres, with tech giant Amazon pledging to build more after meeting with Prime Minister Anthony Albanese in June. However, KPMG's national technology lead Simon Dubois said Australia is in a position to do much more, and not capitalising on it could see a productivity slump. "If we're going to keep pace and get productivity like the government and everyone wants, we need to invest in the infrastructure that's going to power that," Mr Dubois said during a panel talk in Canberra. "If we don't invest and give (businesses and entrepreneurs) the ecosystem behind them to do it, they will find a way. Most likely that way will be a going to (another) place." Chief technology officer at computer hardware manufacturer Firmus, Daniel Kearney, said having data stored onshore is important as most Australians would not want their health or financial data stored overseas. "It's a billion dollars for a 100 megawatt data centre," Dr Kearney told the panel. "So when you see people throwing around numbers like 300 megawatts, 500 megawatts, that's a significant amount of investment." Dr Kearney said storing foreign data could also benefit the economy. He spoke about the European Union whose economy is "stagnating", and will not be able to capture the economic benefits that AI can bring because of regulation. While the US has been more open to AI innovation, he said Australian lawmakers should take inspiration from both when drafting AI legislation. Australia does not currently have strict AI laws, and chair of corporate regulator ASIC Joe Longo recently cautioned against over-regulation. He urged governments not to address a perceived problem by simply throwing more rules at it. But winning over the public's perception of AI is a challenge of itself, as a KPMG report found that only 36 per cent of Australians trust AI. Mr Dubois said there is a fine balance between storing AI ethically and powering our economy through data centres. AI is expected to become a major focus at the government's economic roundtable in August, however, unions are calling for appropriate safeguards for employees. Businesses and technology providers will look to foreign countries if Australia does not build digital infrastructure to house artificial intelligence, experts say. AI is stored in data centres - massive facilities that process data from cloud servers, with complex operations being needed by millions of customers. Industry figures say the nation's AI storage facilities are lacking. Australia currently has 314 data centres, with tech giant Amazon pledging to build more after meeting with Prime Minister Anthony Albanese in June. However, KPMG's national technology lead Simon Dubois said Australia is in a position to do much more, and not capitalising on it could see a productivity slump. "If we're going to keep pace and get productivity like the government and everyone wants, we need to invest in the infrastructure that's going to power that," Mr Dubois said during a panel talk in Canberra. "If we don't invest and give (businesses and entrepreneurs) the ecosystem behind them to do it, they will find a way. Most likely that way will be a going to (another) place." Chief technology officer at computer hardware manufacturer Firmus, Daniel Kearney, said having data stored onshore is important as most Australians would not want their health or financial data stored overseas. "It's a billion dollars for a 100 megawatt data centre," Dr Kearney told the panel. "So when you see people throwing around numbers like 300 megawatts, 500 megawatts, that's a significant amount of investment." Dr Kearney said storing foreign data could also benefit the economy. He spoke about the European Union whose economy is "stagnating", and will not be able to capture the economic benefits that AI can bring because of regulation. While the US has been more open to AI innovation, he said Australian lawmakers should take inspiration from both when drafting AI legislation. Australia does not currently have strict AI laws, and chair of corporate regulator ASIC Joe Longo recently cautioned against over-regulation. He urged governments not to address a perceived problem by simply throwing more rules at it. But winning over the public's perception of AI is a challenge of itself, as a KPMG report found that only 36 per cent of Australians trust AI. Mr Dubois said there is a fine balance between storing AI ethically and powering our economy through data centres. AI is expected to become a major focus at the government's economic roundtable in August, however, unions are calling for appropriate safeguards for employees. Businesses and technology providers will look to foreign countries if Australia does not build digital infrastructure to house artificial intelligence, experts say. AI is stored in data centres - massive facilities that process data from cloud servers, with complex operations being needed by millions of customers. Industry figures say the nation's AI storage facilities are lacking. Australia currently has 314 data centres, with tech giant Amazon pledging to build more after meeting with Prime Minister Anthony Albanese in June. However, KPMG's national technology lead Simon Dubois said Australia is in a position to do much more, and not capitalising on it could see a productivity slump. "If we're going to keep pace and get productivity like the government and everyone wants, we need to invest in the infrastructure that's going to power that," Mr Dubois said during a panel talk in Canberra. "If we don't invest and give (businesses and entrepreneurs) the ecosystem behind them to do it, they will find a way. Most likely that way will be a going to (another) place." Chief technology officer at computer hardware manufacturer Firmus, Daniel Kearney, said having data stored onshore is important as most Australians would not want their health or financial data stored overseas. "It's a billion dollars for a 100 megawatt data centre," Dr Kearney told the panel. "So when you see people throwing around numbers like 300 megawatts, 500 megawatts, that's a significant amount of investment." Dr Kearney said storing foreign data could also benefit the economy. He spoke about the European Union whose economy is "stagnating", and will not be able to capture the economic benefits that AI can bring because of regulation. While the US has been more open to AI innovation, he said Australian lawmakers should take inspiration from both when drafting AI legislation. Australia does not currently have strict AI laws, and chair of corporate regulator ASIC Joe Longo recently cautioned against over-regulation. He urged governments not to address a perceived problem by simply throwing more rules at it. But winning over the public's perception of AI is a challenge of itself, as a KPMG report found that only 36 per cent of Australians trust AI. Mr Dubois said there is a fine balance between storing AI ethically and powering our economy through data centres. AI is expected to become a major focus at the government's economic roundtable in August, however, unions are calling for appropriate safeguards for employees.
