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Leak proves economic roundtable ‘choreographed', Ley says

Leak proves economic roundtable ‘choreographed', Ley says

News.com.au3 days ago
A leak revealing the Treasury pre-wrote a list of outcomes from Labor's much-hyped economic roundtable is proof the 'whole exercise is being choreographed', Sussan Ley says.
The roundtable will not happen until next week, and yet a Treasury document showed pre-written advice for cabinet, the ABC reported on Thursday.
Among the recommendations was pausing the National Construction Code, which sets safety and environmental standards for buildings.
The code has been criticised, including by the Productivity Commission, for driving up the cost of construction by imposing overly strict regulations.
The leaked document also recommended a plan to roll out artificial intelligence to process building approvals.
The Opposition Leader said it was clear the government already knew what it wanted from the upcoming roundtable.
'It's all been lined up, statements are ready to go out,' Ms Ley told Nine's Today.
'People are going there in good faith and they want to see outcomes.
'They want see us growing the economic pie and they want to see Australians pay less tax and be rewarded for their effort.
'I fear that none of those things are actually on the agenda at this productivity roundtable.'
Her predecessor, Peter Dutton, took a 10-year pause on the National Construction Code to the federal election.
Whether the policy remains in line with Ms Ley's vision for the Coalition is unclear.
Further on housing, the Treasury advice recommended measures to streamline housing approvals and reforms to clear a backlog of 30,000 applications waiting to clear environmental hurdles.
The artificial intelligence plan would be key to getting through that backlog.
The focus on housing comes amid widespread expectations the Albanese government will fall short of its pledge to build 1.2 million homes by 2030.
Employment and Workplace Relations Minister Amanda Rishworth defended the pre-written advice, saying it was normal for Treasury officials to prepare notes based on conversations in the lead-up to the big talks.
'It's not surprising that Treasury would prepare advice to government and, of course, in the lead-up to the productivity roundtable, there has been ministers and other organisations holding a lot of discussions,' Ms Rishworth told the ABC.
'There's been other roundtables led by government ministers discussing some of the challenges and some of the opportunities.'
She added that it was 'a really good opportunity to bring people together and look at the very long term of what we need to do as a country'.
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Developers push for new city at North Arm Cove north of Sydney
Developers push for new city at North Arm Cove north of Sydney

News.com.au

time30 minutes ago

  • News.com.au

Developers push for new city at North Arm Cove north of Sydney

Like some Mayan mystery, a fully designed city lies hidden in the Australian bushland just two hours north of Sydney and it could soon become the country's newest settlement. Located in present-day North Arm Cove, just north of Newcastle in the Hunter Valley, the city includes a complex web of housing lots with plans for train and port terminals and administrative buildings. For years, it lay dormant as a 'paper subdivision', meaning it has been legally divided into lots but has never been physically developed with roads or power infrastructure. But that is now changing and a recent rezoning decision means the lost city could soon rise up out of the bush. 'It's going to be developed, it's just a question of how,' Desim Arch architect Dejan Simovic told NewsWire this week. 'It's part of the northern suburbs of Newcastle, so sooner or later … it's definitely going to be developed.' Mr Simovic and his wife Tatjana Djuric-Simovic are pushing for 'sustainable' development at North Arm Cove and hope to fulfil a vision for the city outlined by legendary Canberra architect Walter Burley Griffin a century ago. Mr Griffin sketched out the city, which he called Port Stephens City, on 'garden city' principles, typified by expanding concentric rings of development all connected via train. 'You can see that really clearly in the Port Stephens city design,' urban planning guru Sam Austin told NewsWire. 'It has a very central rail terminal and then you can see a concentric circle design that extends out of it.' The Simovics worry about 'western Sydney' style development engulfing the area and propose instead a 'circular economy' city that is self-reliant at a local level. 'It will be local, precinct based,' Mr Simovic said. 'We're going to have our own treatment plant for water and then generating electricity and data and for the roads. 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'Council has always rejected the notion they could rezone this land because there are too many constraints and the cost was too high,' North Arm Cove Ratepayers Association president David Buxton told NewsWire. 'But all of that seems to have changed in the past five years, for a number of things.' Mr Buxton said NSW's sharpening housing shortages had in part prompted the state government's rezoning push. The new local environment plan is expected to come into effect later this year. There are about 4000 lots at North Arm Cove, with about 1000 of them owned by the council. There were now 'two entities' eager to build out the area, Mr Buxton added. Those are Desim and a property developer called Alathan. Alathan has lodged a 'scoping proposal' with the council outlining how the company sees the future of the area. 'They (Alathan) are going down the investigative path, they are getting feedback,' Mr Buxton said. 'In my way of thinking, they are committed, they are willing to spend the money, as long as they don't get ridiculous hurdles put in front of them.' The next phase is a development control plan, which is a detailed document that outlines building dimensions, form and scale. Mr Buxton estimates the cost to produce a plan to be in the range of $5m to $10m. Mr Simovic said he would apply for federal government grant funding to finance his DEP. Building out infrastructure for the new city would likely cost north of $1bn, Mr Simovic said. 'We already have interest from infrastructure companies to fund doing the infrastructure and then later managing it and repayments through loans and other things,' Mr Simovic said. 'We have all of that structure set up, the question now is just who is going to fund preparation plans. 'That's where we expect support from the government, just to get the grant from the federal government.' But there are huge challenges in getting the city up. 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Cyber City's owner Andrew Knox is laughing all the way to the bank with $15,000 collect for $200 bet
Cyber City's owner Andrew Knox is laughing all the way to the bank with $15,000 collect for $200 bet

News.com.au

timean hour ago

  • News.com.au

Cyber City's owner Andrew Knox is laughing all the way to the bank with $15,000 collect for $200 bet

Cyber City's owner Andrew Knox is laughing all the way to the bank after he collected more than $15,000 for a $200 outlay when his roughie caused a huge upset at Doomben on Saturday. The David Murphy -trained gelding paid $51 when he crossed the finishing post a whopping seven lengths ahead of the fourth-placed $3 favourite Idyllic Affair in a 3YO Handicap over 1350m. 'The (2.1) multiplier on the Queensland TAB app gave me odds of 102/1 for a $100 bet,' a cashed-up Knox said on Sunday. 'Then I had $100 on at Ladbrokes for $51. Ladbrokes offered me an owner's bet – for up to $2000 you get your money back if the horse runs second or third. 'The night before when it came through on my phone it was $61 so I was kicking myself I didn't get on at that price. 'I picked up $15,000 for $200. I went and bought a carton of beer, I've got it in the fridge now. 'When he turned into the corner, I knew he had them because I was watching all the horses behind him and they just weren't progressing forward. 'I thought 'we've got this' and then when he started to kick around the 200m mark I thought 'this is over'.' 🗣ï¸� | "Cyber City by 5..." ðŸ�‡ CYBER CITY (3g) puts 5Ls on his rivals to win today's metro QTIS 3YO Handicap at Doomben over 1350m for trainer David Murphy. Raced and bred by Mr A Knox, the gelding is by Telemon Thoroughbreds SUN CITY. More â'¹ï¸� — Thoroughbred Breeders Queensland (@QldBreeders) August 16, 2025 Knox said he wasn't surprised at Cyber City's victory, believing the gelding should have won his previous race after being caught wide in a Maiden Plate (1100m) at Ipswich on July 31. Before that, Cyber City finished sixth to the Paul Shailer -trained filly Ha'penny Hatch, who went on to run in the $1m Group 2 BRC Sires Produce Stakes (1400m) at Eagle Farm in late May. 'If you go back and watch the replay, my horse could've beaten him that day or at least it would've been a fight at the end,' the 61-year-old Knox said. 'Cyber City got caught in a bunch of horses and got boxed in. He pulled up a little bit sore after the race so we put him in the paddock. 'He comes from a really good family. I've had the mare (Star Council) since about 2003 – I bought her as a yearling from the Brisbane Bloodstock sales.' • Concussed jockey 'should never have been allowed to go home' After saluting at Doomben on Saturday at 52kg, jockey Taylor Marshall said Cyber City had 'plenty of potential, he's very untapped and raw'. Murphy was worried that the 'aggressive' galloper would go too hard early but Marshall did well to get him into a nice rhythm. 'Once he gets a bit of experience then he'll settle down because he's like a bull at a gate at the moment,' said Knox, who was born and raised in Longreach and now flies between Brisbane and Western Australia as a FIFO mines worker driving road-trains. 'I know he'll get to a mile because the whole family have been really good milers. ' Longshoreman (whose dam was Star Council) was a very good horse over a mile, he won a Balaklava Cup (in 2014). 'Next year he'll be a really good winter carnival horse, that's what David's opinion was.'

Thornbury auction: Bids increase by $215k in just 90 seconds
Thornbury auction: Bids increase by $215k in just 90 seconds

News.com.au

timean hour ago

  • News.com.au

Thornbury auction: Bids increase by $215k in just 90 seconds

A first-home buyer couple gazumped their competition with a bid $50,000 more than a Thornbury villa's reserve price at an auction on Saturday. The property's lightning-fast sale unexpectedly came in at seven figures, instead of six. McGrath Northcote's Luke Brizzi said the young purchasers 'came in hard and fast' when the two-bedroom home at 1/79 Fyffe St went under the hammer. Near-knockdown home gets its entire back half cut off in incredible Thornbury renovation The couple were the second to bid, following an opening $825,000 bid from another buyer. Mr Brizzi described the $930,000 second bid as a bit of a surprise, as three buyers competed for the villa's keys. The renovated residence was listed with a $840,000-$880,000 range but ended up selling for $1.04m, 'Between the $825,000 and the $1.04m point, it was extremely fast – I reckon the time taken to get to the last bid would have been less than 90 seconds,' Mr Brizzi said. 'The auction would have been over in three minutes.' He said the buyers were excited and relieved to have secured a home. 'It was really nicely renovated,' he said. 'They said when they came to look at it, that it had a great feel, it wasn't too big or too small.' Almost 100 buyer groups inspected the villa during the sales campaign. The owner, who purchased the residence about three years ago and did the renovations, was all smiles following the auction. 'She was absolutely ecstatic,' Mr Brizzi said, adding the owner was moving as she and her growing family needed a bigger home. Mr Brizzi said there was a shortage of homes for sale at the moment, mostly due to the colder winter weather and owners waiting to see what the market would do in coming months. But he said the Reserve Bank decision to cut Australia's official cash rate by 0.25 percentage points last week was likely to give homeowners more confidence to list during spring. Another Saturday auction in Melbourne's southeastern suburbs saw a Cheltenham two-bedroom apartment with a courtyard sell for $551,000. The sum was $91,000 above the $460,000 reserve. Ray White Bayside Group's Angela Limanis said five bidders participated in the auction. 'It started off with a bang and we got to the reserve price in literally seconds,' Ms Limanis said. The new owner is a first-home buyer who had previously been renting in the inner city. Ms Limanis added that the RBA interest rate cut was causing buyers 'to give it everything they've got, because they might have to pay more for the same property in the future'.

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