
Australia and NZ enter new era of alliance amid rising global instability
Prime Minister Anthony Albanese is in Queenstown for a two-day meeting with his New Zealand counterpart Christopher Luxon, marking his second time crossing the Tasman as leader after last visiting in 2023.
In a show of the bond between the two nations, Luxon warmly embraced the Australian prime minister as they met on Saturday for leadership talks.
The first day centred on unity between the two nations and how they can co-operate on various issues, including safeguarding security and prosperity in an increasingly uncertain geo-strategic environment.
This included committing to further integrating the two nations' economies in the 'most unpredictable and dangerous' strategic environment in decades.
Foreign policy challenges relating to dealing with China, the United States and China's encroachment in the South Pacific region would be agenda-topping issues during the talks, University of Otago politics researcher Nicholas Khoo said.
Both leaders agreed that competition between the world's superpowers, China and the US, needed to be managed, and continued dialogue was important to reduce risks of misunderstanding, miscalculation, escalation and conflict in the Pacific region.
China was the main topic on everyone's lips, with the pair discussing their grave concerns over its increasingly 'dangerous and provocative' behaviour in the South China Sea.
Luxon said the Asian superpower was a significant player in the world and a permanent feature of global affairs.
'We have an approach which is about co-operating where we can ... We disagree where we must. We have different systems, different values,' he said, which Albanese echoed.
Both leaders praised work to strengthen military co-operation, which Prof Khoo said was appropriate given the increasing uncertainty in international politics.
'It's an area where we could legitimately expect to see very real progress,' he told AAP.
Prof Khoo said this meeting showed the two neighbours' 'steady build-up' of co-operation, which he said didn't exist until two years ago.
''This is, in some aspects, a new era of co-operation, which is a positive development for both sides,' he said.
Prof Khoo said New Zealand only had one alliance partner in Australia, and this summit showed its investment in that relationship.
'In these very turbulent times, this is one of the linchpins of regional security that deserves the attention,' he said.
The Australian and New Zealand standards bodies have also announced a new agreement to renew joint standards arrangements, which will streamline regulations for certain sectors, including construction, healthcare and manufacturing, to boost economic growth.
In a sign of closer ties, Albanese joked about going for a 'cuddle' as both leaders sauntered off after the media conference arm-in-arm, laughing.

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Perth Now
21 minutes ago
- Perth Now
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The Advertiser
an hour ago
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"Next week's roundtable is an opportunity for the government and, while it may not be getting consensus, it will give clear understandings around the big challenges that we face around productivity and investment." Part of the reason productivity growth has been so poor is because competition has fallen since the mid-2000s, costing Australia up to $3000 per person, the Reserve Bank found in a report released on Thursday. If Australia could get competition back to where it was two decades ago, it could boost productivity by one to three per cent, said report authors Jonathan Hambur and Owen Freestone. The Productivity Commission released its final report before the summit, calling for a national screening system for care workers, greater collaboration between health services and a major shift towards preventive health investment. Commissioner Alison Roberts said care was a rapidly growing sector and proposed reforms would seek to break through the government's siloed approach to decision-making. The interim report urges the government to better align quality and safety regulations across the care economy. That could include a streamlined national clearance process for workers in aged care, the NDIS, veterans' care and the early childhood education sector. Economists and business groups have joined the prime minister in insisting an upcoming economic roundtable can still produce big ideas. Leaked Treasury advice reportedly showed a list of proposals to be reviewed by cabinet after the meeting of business, union and other leaders at a productivity roundtable on Tuesday. Among them were proposals to speed up approval times for housing and reduce environmental red tape, according to the ABC. Prime Minister Anthony Albanese denied the result of the summit had been locked in before it began. "You'd expect Treasury to be giving advice about a forum that's about the economy," he told reporters in Brisbane on Thursday. "Next week, though, is an opportunity for people to advance their ideas, to advance policies, and that's a really constructive thing." The government has ruled out major changes in some areas, including tax policies, before the three-day summit despite calls for widespread reform to bolster Australia's lagging productivity rates. Independent economist Saul Eslake said suggestions the roundtable's outcome had been agreed upon because of the leaked document should be disregarded. "It's standard Treasury practice to brief its minister for any serious discussions or conversations he might be about to have," he told AAP. "It would be astonishing if Treasury wasn't at least thinking about how the treasurer should respond to some of the ideas that have been flagged by participants in the summit that they're going to put." The advice should not be read as particular policies getting a green light, Mr Eslake said. Treasurer Jim Chalmers also dismissed concerns the summit's outcomes had been pre-empted. "Those that have been reported today are just a few of the many ideas which have been put to us and they're all welcome on the table," he said. Opposition Leader Sussan Ley said the coalition would examine suggestions from the roundtable, but had concerns about how the event was being handled. "I wonder whether people who are attending this roundtable are indeed wasting their time," she said. "What we won't do is accept an agenda that raises taxes on hardworking Australians, particularly because that's exactly what the government promised it would not do." Australian Industry Group chief executive Innes Willox said the roundtable would be a "legacy moment" for reform. "It is Treasury's role to provide advice to the government and that is the case here - and we shouldn't assume it automatically becomes government policy. They are doing their job," he told AAP. "Next week's roundtable is an opportunity for the government and, while it may not be getting consensus, it will give clear understandings around the big challenges that we face around productivity and investment." Part of the reason productivity growth has been so poor is because competition has fallen since the mid-2000s, costing Australia up to $3000 per person, the Reserve Bank found in a report released on Thursday. If Australia could get competition back to where it was two decades ago, it could boost productivity by one to three per cent, said report authors Jonathan Hambur and Owen Freestone. The Productivity Commission released its final report before the summit, calling for a national screening system for care workers, greater collaboration between health services and a major shift towards preventive health investment. Commissioner Alison Roberts said care was a rapidly growing sector and proposed reforms would seek to break through the government's siloed approach to decision-making. The interim report urges the government to better align quality and safety regulations across the care economy. That could include a streamlined national clearance process for workers in aged care, the NDIS, veterans' care and the early childhood education sector. Economists and business groups have joined the prime minister in insisting an upcoming economic roundtable can still produce big ideas. Leaked Treasury advice reportedly showed a list of proposals to be reviewed by cabinet after the meeting of business, union and other leaders at a productivity roundtable on Tuesday. Among them were proposals to speed up approval times for housing and reduce environmental red tape, according to the ABC. Prime Minister Anthony Albanese denied the result of the summit had been locked in before it began. "You'd expect Treasury to be giving advice about a forum that's about the economy," he told reporters in Brisbane on Thursday. "Next week, though, is an opportunity for people to advance their ideas, to advance policies, and that's a really constructive thing." The government has ruled out major changes in some areas, including tax policies, before the three-day summit despite calls for widespread reform to bolster Australia's lagging productivity rates. Independent economist Saul Eslake said suggestions the roundtable's outcome had been agreed upon because of the leaked document should be disregarded. "It's standard Treasury practice to brief its minister for any serious discussions or conversations he might be about to have," he told AAP. "It would be astonishing if Treasury wasn't at least thinking about how the treasurer should respond to some of the ideas that have been flagged by participants in the summit that they're going to put." The advice should not be read as particular policies getting a green light, Mr Eslake said. Treasurer Jim Chalmers also dismissed concerns the summit's outcomes had been pre-empted. "Those that have been reported today are just a few of the many ideas which have been put to us and they're all welcome on the table," he said. Opposition Leader Sussan Ley said the coalition would examine suggestions from the roundtable, but had concerns about how the event was being handled. "I wonder whether people who are attending this roundtable are indeed wasting their time," she said. "What we won't do is accept an agenda that raises taxes on hardworking Australians, particularly because that's exactly what the government promised it would not do." Australian Industry Group chief executive Innes Willox said the roundtable would be a "legacy moment" for reform. "It is Treasury's role to provide advice to the government and that is the case here - and we shouldn't assume it automatically becomes government policy. They are doing their job," he told AAP. "Next week's roundtable is an opportunity for the government and, while it may not be getting consensus, it will give clear understandings around the big challenges that we face around productivity and investment." Part of the reason productivity growth has been so poor is because competition has fallen since the mid-2000s, costing Australia up to $3000 per person, the Reserve Bank found in a report released on Thursday. If Australia could get competition back to where it was two decades ago, it could boost productivity by one to three per cent, said report authors Jonathan Hambur and Owen Freestone. The Productivity Commission released its final report before the summit, calling for a national screening system for care workers, greater collaboration between health services and a major shift towards preventive health investment. Commissioner Alison Roberts said care was a rapidly growing sector and proposed reforms would seek to break through the government's siloed approach to decision-making. The interim report urges the government to better align quality and safety regulations across the care economy. That could include a streamlined national clearance process for workers in aged care, the NDIS, veterans' care and the early childhood education sector.

Sky News AU
an hour ago
- Sky News AU
‘Customers know they can rely on us': Aldi crowned ‘supermarket of the year' for the eighth year in a row
German discount supermarket Aldi has been crowned the '2025 Australian Supermarket of the Year' for the eighth year in a row. On Thursday, Canstar Blue unveiled the results of their annual Supermarket Satisfaction Ratings. Aldi earned top marks across the board, including a maximum five stars for 'value for money', 'store layout' and the 'quality' of its own brand products. As of June, Aldi has expanded to 599 stores nationwide and is now the country's third largest supermarket chain behind giants Coles and Woolworths. Coles scored four stars overall, with the supermarket giant earning a modest three stars for 'customer service' and 'checkout experience' but scoring four stars for 'product range'. Woolworths largely mirrored Coles in every category except 'product range', with Woolies receiving the full five stars where its chief rival scored four. IGA supermarkets also scored four stars, largely thanks to the strength of IGA's 'customer service' and 'checkout experience', which both got full marks. Notably, IGA is the only major chain which has not widely rolled out self-service checkouts in its stores. Notoriously, Australia's supermarket 'duopoly' of Coles and Woolworths means Aussie consumers pay some of the highest grocery prices in the OECD. According to Canstar, the average weekly grocery bill for an Australian household of four people has ballooned to $240, a $24 increase from the previous year. The survey, which gathered insights from 2,869 shoppers, highlights the ongoing hip pocket pain facing consumers at the checkout. In a statement, Eden Radford of Canstar Blue told Yahoo Finance that this year's results reflect the power of 'own-brand items' in a tough economic climate. 'The quality of (Aldi's) own-brand items reliably earn the highest rating from customers,' she said. 'Consistently priced, good quality products on offer is why shoppers are choosing Aldi to do their grocery shopping.' Meanwhile, Aldi Australia group director Simon Padovani-Ginies told Yahoo Finance the supermarket was 'over the moon' to once again be crowned the country's favourite supermarket. 'This really shows our Price Promise in action - we won't be beaten on the cost of your weekly shop,' he said. 'Customers know they can rely on us to deliver the best prices without ever compromising on quality.'