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Australian prime minister says reducing student debt is his re-elected government's first priority

Australian prime minister says reducing student debt is his re-elected government's first priority

Independent09-05-2025
Australian Prime Minister Anthony Albanese told his government colleagues on Friday that reducing student debt would be the first legislative priority for his administration that was returned to power in the nation's first election in which the Baby Boomer generation was outnumbered by younger voters.
Albanese addressed a crowded room full of center-left Labor Party lawmakers in Parliament House for the first time since his government won an emphatic election victory on May 3.
The struggle a growing number of young Australians — particularly those burdened with student loans — face to buy their first home, due to soaring real estate prices and a lack of new housing construction was a major election issue.
Albanese said a bill to reduce student debt by 20% would be the first legislation to be introduced when Parliament resumes in late July.
Australia committed to intergenerational equity
'I think that's important, not just in itself but for what it says about our commitment to intergenerational equity,' Albanese said.
Baby Boomers are often defined as people born between World War II and 1964. Their needs have long dominated Australian election campaigns.
As vote counting continued on Friday, Labor was on track to win 88 seats in the 150-seat House of Representatives, the lower chamber where parties need a majority to form government. The party held 78 seats in the last parliament.
The conservative opposition alliance of parties was likely to claim only 41 seats.
Albanese praised the diversity of Labor's elected lawmakers and said at least 57% of them are expected to be women once the vote counting is completed. The Australian population was 50.7% female at the last census in 2021.
'I … see people of different ethnicities, different backgrounds, different experiences, different faiths. I see a diverse group of people that are truly representative of our nation,' Albanese told his government colleagues.
Jewish and Muslim ministers dropped from Cabinet
But the government has been criticized for dropping Attorney-General Mark Dreyfus, the government's most senior Jew, and Industry and Science Minister Ed Husic, the government's most prominent Muslim, from the new Cabinet that will be sworn in on Tuesday.
The government would be the first in Australia without a Jewish minister since 2010, Dreyfus staffer Stephen Spencer said. Dreyfus is one of three Jewish lawmakers in the government.
Cabinet ministers are decided by party factions that are entitled to a proportion of ministerial seats that reflects their share of government lawmakers.
Foreign Minister Penny Wong, Defense Minister Richard Marles, Treasurer Jim Chalmers and Finance Minister Katy Gallagher have been assured they will hold their portfolios. But Albanese has yet to announce the remainder of his ministers.
The meeting of Labor lawmakers on Friday endorsed the 30 appointments to the Cabinet and junior ministries.
Health Minister Mark Bulter said Anne Aly, a junior minister, was expected to be promoted to Cabinet next week which would mean a Muslim woman replacing Husic.
'It's a tough day for Ed and for Mark,' Bulter told Australian Broadcasting Corp.
Sydney Muslim leader calls for the prime minister to intervene
Sydney Muslim community leader Jamal Rifi called for Albanese to intervene to keep Husic, a Sydney lawmaker, in Cabinet.
'The prime minister needs to reflect on what sort of message he sends to all these people who worked hard in southwestern Sydney' for the government's re-election, Rifi said. Southwest Sydney has a large Muslim population.
Husic is one of the government's most vocal critics of how Israel has waged war on Hamas in Gaza.
Two weeks after the Hamas attack on Israel on Oct. 7, 2023, Husic said: 'I feel very strongly that Palestinians are being collectively punished ... for Hamas' barbarism.'
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Tense moment ABC's Sarah Ferguson shuts down Israeli ambassador to Australia with cutting remark
Tense moment ABC's Sarah Ferguson shuts down Israeli ambassador to Australia with cutting remark

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  • Daily Mail​

Tense moment ABC's Sarah Ferguson shuts down Israeli ambassador to Australia with cutting remark

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Australia's time has come to be a green energy intensive export superpower
Australia's time has come to be a green energy intensive export superpower

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Australia's time has come to be a green energy intensive export superpower

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Top Commonwealth Bank exec quits after 'loud conversation' at the F1 - as photos emerge of senior staff partying on a yacht at a VERY awkward time for the corporate giant
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time2 hours ago

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Top Commonwealth Bank exec quits after 'loud conversation' at the F1 - as photos emerge of senior staff partying on a yacht at a VERY awkward time for the corporate giant

A senior Commonwealth Bank executive has left the company after a complaint was filed about him over a loud conversation he had at the Australian F1 Grand Prix in Melbourne. Until recently, Dylan Harrad-Chantler was general manager of Commonwealth Private, the bespoke division of Australia's biggest home lender that caters for high-net-worth individuals. However, less than two years after taking the top job and in an indication of intrigue at the top ranks of Australia's $300 billion bank, the Daily Mail can reveal Mr Harrad-Chantler has abruptly left CommBank. Mr Harrad-Chantler's departure - described as amicable - comes as photos leaked of the banker partying on a yacht on Sydney Harbour alongside other senior executives of CBA's wealth division at an inopportune time for the business. The celebration was held on December 5, 2024 - the day after CBA's retail division scrapped plans to charge customers $3 to withdraw money from branches. Photos showed bank staff gathered on a luxury boat featuring custom CBA-branded cushions and shoes. A banking source said the display was 'just showing how out of touch CBA was back then and continues to be now.' It is understood Mr Harrad-Chantler later told a staff member to remove LinkedIn posts featuring the photos. An insider said Mr Harrad-Chantler had attended a party where Commonwealth Private-branded luxury items were displayed on a yacht - just as CBA's retail division was proposing to charge customers a $3 fee to withdraw money from a bank branch Mr Harrad-Chantler's superior, Susie Grehl, Commonwealth Bank's executive general manager of wealth and private, emailed a note to staff on July 22 to tell them of his departure. 'Hi team, I am writing to inform you all that Dylan Harrad-Chantler, General Manager, Commonwealth Private, will be leaving the Group to pursue external opportunities,' she said. 'I would like to thank Dylan for his contribution to Commonwealth Private over the last 18 months.' The Daily Mail does not suggest Mr Harrad-Chantler's departure was related to complaints and accepts his departure was to pursue external opportunities. It's understood he caught up with former colleagues for drinks last week, at an event that was not endorsed by CBA. A Commonwealth Bank spokesman declined to confirm Mr Harrad-Chantler's departure or comment on two anonymous complaints filed via CBA's SpeakUP channel. One internal complaints document, obtained by the Daily Mail, alleged Mr Harrad-Chantler had been talking inappropriately at the Formula One race. The complainant had been in attendance at the Formula One corporate box in Melbourne on March 16 and made a complaint on May 5. 'He was quite loud,' the anonymous complaint claimed. 'He thought he was talking alone to one of his staff, he was unaware of his surroundings.' A separate complaint submitted anonymously on SpeakUP, alleged Mr Harrad-Chantler also talked too loudly at another event in Sydney in early 2024. 'Comments have been overheard,' it said. The Commonwealth Private employee told the Daily Mail that Ms Grehl had called a special, eight-minute meeting last month to announce Mr Harrad-Chantler's departure. 'Susie informed us all of Dylan's immediate departure on July 22 in the late afternoon,' the source said. Ms Grehl said experienced bank executive Maj Lolas would take over as acting general manager of Commonwealth Private 'while we complete a comprehensive recruitment process in the coming weeks'. 'I am here to support you and your teams during this time,' she said. Mr Harrad-Chantler joined Commonwealth Private in October 2023 after two decades in management, including stints in charge of state and regional divisions with St George and Westpac banks and telco giant Optus. He was named in Parliament by former New South Wales transport minister Gladys Berejiklian in 2011, before she became premier. In a speech promoting the Liberal Party's North West Rail Link plan, she noted Mr Harrad-Chantler and his wife Kylie would benefit from the public transport initiative. 'Other supporters of our determination to get on with the job include Kylie Harrad-Chantler of Beaumont Hills, who would be happy to see more of her husband, Dylan, who has to drive into the city every day,' she said. Mr Harrad-Chantler and the Commonwealth Bank declined to answer questions about the complaints lodged against him and boat party when contacted by the Daily Mail.

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