politics
Will tapping into emergency petrol supplies cut prices?
The country’s stockpile of fuel is about to be opened but experts are warning it won’t solve the problem of soaring prices and or shortage fears. Source link
Western Australia the big GST winner again, despite massive budget surpluses
WA will get an extra $6.6 billion from taxpayers in the coming financial year under its special GST deal, despite being the only state with a budget surplus. Source link
Australia releases seven days' worth of petrol from emergency stockpile
Australia will make available about seven days’ worth of petrol from its emergency stockpile and five days of diesel, the first use of its fuel reserves since the invasion of Ukraine in 2022. Source link
Live: Non-essential Australian officials directed to leave UAE, Israel
Non-essential Australian officials in the United Arab Emirates and Israel have been directed to leave as the security situation in the region deteriorates. Follow live. Source link
Estonia urges allies to brace for Russian veterans after Ukraine war
Estonia’s Foreign Minister has declared that Europe was like an “old fat lazy cat” in the aftermath of the Cold War and has vowed that NATO forces will strike “into the heart of Russia” if Moscow invades Baltic countries. Source link
Richardson's exit reinforces questions about royal commission
As soon as the royal commission was announced, Dennis Richardson must have known his situation was going to be tricky. Source link
MP whose electorate gets largest capital gains tax discount wants to rein it in
New analysis shows five of the six electorates with the largest capital gains tax discount benefits are held by independents. Source link
Albanese government avoids the 'w' word
This week in Canberra the Nationals chose a new leader, the energy minister chose his words carefully and the government chose to avoid one word altogether. Source link
Fuel quality rules relaxed to add 100 million litres more petrol
Australia will be able to bring on 100 million more litres of petrol supply by allowing a higher level of sulfur content in its fuel for the next 60 days, Energy Minister Chris Bowen says, as the country reckons with petrol flows being choked by Middle East war. Source link
Deeper oil crisis could add full percentage point to inflation, Treasury warns
Treasury has advised the government that if the oil price averages US$100 per barrel for three months, there would be a temporary 0.5 percentage point spike to headline inflation. Source link