1 00:00:04,840 --> 00:00:09,400 Speaker 1: Hello, Welcome to the update. I'm Michel sticks Well. The 2 00:00:09,440 --> 00:00:12,760 Speaker 1: PM has been forced to defend his government's constant living 3 00:00:12,840 --> 00:00:16,560 Speaker 1: at relief after the Opposition ceased on rising interest rates 4 00:00:16,560 --> 00:00:19,600 Speaker 1: for a second straight day. The RBA Board lifted rates 5 00:00:19,640 --> 00:00:21,439 Speaker 1: for the first time in two years yesterday in a 6 00:00:21,440 --> 00:00:24,040 Speaker 1: bid to get on top of rising inflation, and the 7 00:00:24,200 --> 00:00:26,759 Speaker 1: but easiest top parliament to his government is doing what 8 00:00:26,840 --> 00:00:30,200 Speaker 1: it can to take pressure off family budgets. 9 00:00:29,880 --> 00:00:32,960 Speaker 2: Making medicines cheaper, which we did on the first of January, 10 00:00:33,159 --> 00:00:36,840 Speaker 2: investing in more bulk billing and urgent care clinics, which 11 00:00:36,880 --> 00:00:40,919 Speaker 2: we are doing, cutting student debt by twenty percent proposed 12 00:00:40,920 --> 00:00:45,519 Speaker 2: by those opposite paid prack, and ten thousand dollars incentives 13 00:00:45,520 --> 00:00:47,120 Speaker 2: for people to do apprenticeships. 14 00:00:47,400 --> 00:00:47,559 Speaker 3: Well. 15 00:00:47,640 --> 00:00:50,600 Speaker 1: Liberal leader Susan Lee says Labor really needs to explain 16 00:00:50,680 --> 00:00:53,199 Speaker 1: how it is actually going to plan to address the 17 00:00:53,280 --> 00:00:54,360 Speaker 1: problem of inflation. 18 00:00:54,680 --> 00:00:58,840 Speaker 3: Stephen Smith, delight Access Economics partner, said government spending was 19 00:00:59,040 --> 00:01:03,880 Speaker 3: quote this directly high and quote a genuine driver of inflation. 20 00:01:04,680 --> 00:01:07,280 Speaker 3: We all know the treasurer won't. So will the Prime 21 00:01:07,319 --> 00:01:12,800 Speaker 3: Minister accept responsibility for yesterday's rate rise? Yes or no? 22 00:01:13,440 --> 00:01:16,480 Speaker 1: The federal government meantime, has left the door open to 23 00:01:16,640 --> 00:01:20,240 Speaker 1: scale back the capital gains at tax discount. The Majesty's 24 00:01:20,240 --> 00:01:23,200 Speaker 1: current investors only pay half the tax on profits they've 25 00:01:23,240 --> 00:01:26,280 Speaker 1: made from an asset such as property, with a push 26 00:01:26,319 --> 00:01:30,039 Speaker 1: to reduce the discount from fifty percent to twenty five well. 27 00:01:30,080 --> 00:01:33,320 Speaker 1: Devastated loved ones of an Australian skier in Japan say 28 00:01:33,360 --> 00:01:36,039 Speaker 1: he died doing the sport he loves the most. Twenty 29 00:01:36,080 --> 00:01:38,520 Speaker 1: seven year old got separated from his ski group when 30 00:01:38,560 --> 00:01:41,080 Speaker 1: he reportedly was buried alive in an avalanche and couldn't 31 00:01:41,080 --> 00:01:44,319 Speaker 1: be revived. It's a second death involving an Aussie skier 32 00:01:44,360 --> 00:01:46,800 Speaker 1: in Japan this week. The Department of Foreign Affairs is 33 00:01:46,840 --> 00:01:51,320 Speaker 1: providing consular assistance to their families. It's hoped the upcoming 34 00:01:51,360 --> 00:01:54,320 Speaker 1: sale of defense properties will allow the federal government to 35 00:01:54,480 --> 00:01:58,880 Speaker 1: increase housing supply. It'll see labour offload sixty seven military sites. 36 00:01:59,080 --> 00:02:01,720 Speaker 1: Finance Mister Katie Aliga says she hopes that will see 37 00:02:01,720 --> 00:02:02,840 Speaker 1: more houses being built. 38 00:02:02,880 --> 00:02:05,840 Speaker 2: We need to maximize the use of the sites as well. 39 00:02:06,640 --> 00:02:08,760 Speaker 1: You know, I'm hopeful some of that would be for housing, 40 00:02:08,880 --> 00:02:11,520 Speaker 1: but it really is to be determined and no decisions 41 00:02:11,560 --> 00:02:15,120 Speaker 1: have been made and the quantas Kangaroo Root has returned 42 00:02:15,120 --> 00:02:18,280 Speaker 1: for the first time in eighty years. Passengers are retracing 43 00:02:18,320 --> 00:02:21,799 Speaker 1: the original forty day journey through Asia and the Middle East, 44 00:02:21,840 --> 00:02:26,120 Speaker 1: Sport Entertainment to Next to Sport, and New Zealand is 45 00:02:26,160 --> 00:02:28,560 Speaker 1: poised to host a State of Origin match in twenty 46 00:02:28,560 --> 00:02:32,440 Speaker 1: twenty seven, the first overseas origin match since nineteen eighty seven. 47 00:02:32,560 --> 00:02:34,880 Speaker 1: There are reports a five million dollar deal between New 48 00:02:35,000 --> 00:02:38,480 Speaker 1: Zealand government and the Annarel was signed before Christmas, and 49 00:02:38,560 --> 00:02:41,040 Speaker 1: one of Australia's leading metal hopes for the Winter Olympics 50 00:02:41,120 --> 00:02:43,560 Speaker 1: is in serious dowagers twenty four hours out from the 51 00:02:43,600 --> 00:02:46,960 Speaker 1: start of the games in Italy. In Your Entertainment News, 52 00:02:46,960 --> 00:02:49,560 Speaker 1: noow and Cardi B is sparing no expense to celebrate 53 00:02:49,600 --> 00:02:52,519 Speaker 1: boyfriend Stefan Diggs as he gears up for the Super Bowl. 54 00:02:52,880 --> 00:02:55,519 Speaker 1: The rapper apparently said to fork out almost two million 55 00:02:55,560 --> 00:02:58,200 Speaker 1: dollars for his family and friends to watch his New 56 00:02:58,240 --> 00:03:01,880 Speaker 1: England Patriots face off again. It's the Sea Adult Seahawks now. 57 00:03:01,960 --> 00:03:04,360 Speaker 1: Chapel Rohne is fine back at the uproar over her 58 00:03:04,440 --> 00:03:07,320 Speaker 1: barely their Grammys outfit. The singer who will be in 59 00:03:07,360 --> 00:03:10,160 Speaker 1: Australia this weekend for Laneway Festival. Says she doesn't even 60 00:03:10,200 --> 00:03:14,320 Speaker 1: think it's that outrageous of an outfit, and not as 61 00:03:14,360 --> 00:03:17,200 Speaker 1: many people tuned into the Grammys this year music start 62 00:03:17,240 --> 00:03:20,160 Speaker 1: of nights only, you're in fourteen point four million viewers now. 63 00:03:20,160 --> 00:03:23,320 Speaker 1: That is down six percent from twenty twenty five. That's 64 00:03:23,320 --> 00:03:24,920 Speaker 1: the latest from the over podcast news team. I love 65 00:03:24,919 --> 00:03:27,360 Speaker 1: another episode of the Update for you tomorrow. I'm Michelle Stevenson.