WEBVTT - Credlin | 17 August 0:00:02.000 --> 0:00:05.520 Predo Quidlin Live from New twenty four. 0:00:08.200 --> 0:00:11.479 Good evening, Welcome to the program, Big weaker haired Parliament, 0:00:11.520 --> 0:00:14.520 of course. On in Canberra's Coming Up to Night on Kredline, 0:00:14.920 --> 0:00:17.560 the Prime Minister finally finds a premier to sign up 0:00:17.600 --> 0:00:20.880 to his gun buyback just New South Wales. That's it, 0:00:21.320 --> 0:00:24.440 coming on board over the weekend. But what's the real 0:00:24.560 --> 0:00:30.560 story around registered guns, illegal guns and crime? And these this, 0:00:30.800 --> 0:00:36.240 as critics say, just as smokescreen to avoid discussing radical Islam. 0:00:36.560 --> 0:00:39.720 The migration debate heats up, the vast majority of Australians 0:00:39.760 --> 0:00:43.280 saying they've lost faith in labor. All the while Tony 0:00:43.320 --> 0:00:47.360 Burke goes to ground following that canceled press club speech, 0:00:47.960 --> 0:00:51.239 plus a new ad campaign taking the Victorian government to 0:00:51.360 --> 0:00:55.280 task over crime. I'll have that exclusive for you, and 0:00:55.440 --> 0:01:00.440 some shocking CCTV of a home break in as the 0:01:00.520 --> 0:01:04.800 state becomes more brazen, and ten scenes in Parliament as 0:01:04.840 --> 0:01:07.360 the Opposition have had enough of the fudging from Chris 0:01:07.400 --> 0:01:10.640 Bowen when it comes to renewables. 0:01:10.120 --> 0:01:15.399 Investment Minister, would you just cut the crap and tell 0:01:15.480 --> 0:01:21.800 Australians how much a raw capacity investment scheme is costing tax. 0:01:21.600 --> 0:01:27.680 Payers The first under pressure today was the government's weakest link, 0:01:27.920 --> 0:01:31.880 Housing Minister Clara O'Neil. Although that's a pretty contested space. 0:01:31.959 --> 0:01:34.480 The weakest link, isn't it At any event? She was 0:01:34.520 --> 0:01:38.839 that today O'Neil in the hot seat as budget changes 0:01:38.959 --> 0:01:43.280 continue to cause catastrophic damage right across the housing industry 0:01:43.640 --> 0:01:48.200 and the economy generally. Ask today what percentage of people 0:01:48.240 --> 0:01:51.680 in her own Melbourne seat have fallen into negative equity 0:01:51.680 --> 0:01:56.000 as a result of tax changes announced in the May budget. 0:01:56.480 --> 0:01:59.320 Well, O'Neil did everything but answer. 0:01:59.120 --> 0:02:04.280 The question, Minister, how many homeowners in your electorate of 0:02:04.360 --> 0:02:06.920 Hotham are now in negative equity? 0:02:07.160 --> 0:02:08.160 It has made. 0:02:08.560 --> 0:02:12.920 Very significant changes to housing taxation in this country, and 0:02:12.960 --> 0:02:16.120 we've done that because we recognize that home ownership is 0:02:16.160 --> 0:02:19.640 the most important aspiration of most Australian families. 0:02:22.320 --> 0:02:24.680 Well around and around She when, of course she didn't 0:02:24.720 --> 0:02:28.480 answer the question because she doesn't know that much was obvious, 0:02:28.919 --> 0:02:32.000 so obvious in fact, that the speaker, of course is 0:02:32.000 --> 0:02:35.120 a labor man. Milton Dick was forced to warn her 0:02:35.240 --> 0:02:39.080 against her usual use of blatherer to run down the clock. 0:02:39.760 --> 0:02:42.160 All Right, all right, the minister clear answer. She's not 0:02:42.200 --> 0:02:44.040 being relevant to the question JM S. We're moving to 0:02:44.120 --> 0:02:44.720 the next question. 0:02:46.760 --> 0:02:47.959 Sit down, lady. 0:02:48.400 --> 0:02:53.400 Now, Unfortunately for O'Neil, the statistics don't lie. Today it 0:02:53.440 --> 0:02:56.600 was the turn of the NAB Chief Executive Andrew Irvine 0:02:56.960 --> 0:02:59.960 to report a sixteen percent fall in home loan apple 0:03:00.000 --> 0:03:04.239 applications in the June quarter, with the decline accelerating post 0:03:04.320 --> 0:03:08.480 budget in May, and led his said by investors, now, 0:03:08.520 --> 0:03:11.000 the government's been trying to fudge the falls to date, 0:03:11.480 --> 0:03:15.120 agreeing that yes, yes, investors are falling away, but they 0:03:15.200 --> 0:03:19.240 say home occupiers and first home buyers are making up 0:03:19.240 --> 0:03:19.960 the shortfall. 0:03:20.240 --> 0:03:21.240 Well that's not. 0:03:21.480 --> 0:03:25.200 Right either, with the NAB reporting that owner occupiers they 0:03:25.280 --> 0:03:28.960 have fallen sharply as well, right across the board, down 0:03:29.040 --> 0:03:33.560 some fourteen percent across the quarter. And this is where 0:03:33.600 --> 0:03:36.080 the Opposition zeroed in today. 0:03:36.800 --> 0:03:41.160 Minister, why has the number of first home buyers dropped 0:03:41.280 --> 0:03:45.040 by more than six percent this calendar year? 0:03:47.440 --> 0:03:49.040 Okay, it's not just the NAB either. 0:03:49.480 --> 0:03:53.200 Last week Westpac reported a twenty percent drop in housing 0:03:53.240 --> 0:03:56.720 applications since the budget. The Combank will they were down 0:03:56.880 --> 0:04:02.040 fifteen percent, the A and Z down twelve percent across 0:04:02.080 --> 0:04:05.480 the board. House values are falling fast in clearance rates 0:04:05.520 --> 0:04:09.600 are struggling as well, as the NAB Boss acknowledged today, 0:04:10.120 --> 0:04:14.880 it's not just owners, occupiers and investors. There's a whole 0:04:14.920 --> 0:04:17.200 supply chain of people who are making their living in 0:04:17.240 --> 0:04:21.240 the housing market and they're struggling right now. Business writer 0:04:21.400 --> 0:04:23.800 Robert gott Libson went further, making the point that a 0:04:23.839 --> 0:04:26.599 ten percent fall in the price of dwellings has a 0:04:26.680 --> 0:04:30.880 similar impact on the economy as two or three interest 0:04:30.960 --> 0:04:35.120 rate rises, and everyone everyone is going to get hit. 0:04:35.800 --> 0:04:38.400 Those paying off a home have an asset now worth 0:04:38.480 --> 0:04:42.920 less today than before the May budget. Those renting will 0:04:42.920 --> 0:04:46.480 they face rent hikes as their landlord begins to struggle. 0:04:47.000 --> 0:04:51.080 Constructions slowing down, and that hits the supply chain and 0:04:51.279 --> 0:04:54.960 of course tradees and as people worry about the value 0:04:54.960 --> 0:04:59.000 of their biggest asset or paying the rent, those businesses 0:04:59.040 --> 0:05:02.120 selling goods and service as a hit too because spending 0:05:02.240 --> 0:05:05.520 starts to slow. And that was reported today by JB 0:05:05.640 --> 0:05:09.000 hi Fi, which saw sales drop in May and fall 0:05:09.080 --> 0:05:12.920 even harder in June and July. With the real risk 0:05:13.000 --> 0:05:16.640 that as things tighten, people might lose their homes. 0:05:17.240 --> 0:05:18.640 Came renewed calls. 0:05:18.360 --> 0:05:22.080 Today for people to be able to access superinnuation to 0:05:22.160 --> 0:05:24.360 help keep the roof over their heads. 0:05:24.839 --> 0:05:26.840 First from one nation. 0:05:27.320 --> 0:05:30.719 We're saying is rather than lose your house, how about 0:05:30.800 --> 0:05:32.800 you get access to the capacity to keep it. 0:05:33.040 --> 0:05:37.880 Hang on, it's my money, it is my money and 0:05:37.960 --> 0:05:39.680 backed in by the Coalition. 0:05:40.520 --> 0:05:44.600 Back to nineteen ninety two and you said that retirement 0:05:45.080 --> 0:05:49.320 pensions matter more than home ownership because home ownership you 0:05:49.360 --> 0:05:51.880 get the benefits of and your working life and your retirement, 0:05:51.880 --> 0:05:55.039 whereas retirement only is in retirement. People would say that 0:05:55.120 --> 0:05:58.480 was madness. This is a big divide between us and. 0:05:58.440 --> 0:05:59.240 The Labor Party. 0:05:59.279 --> 0:06:03.159 The Coalition lead. Superannuation is your money and you should 0:06:03.160 --> 0:06:05.760 be able to determine how to use it. The Labor 0:06:05.800 --> 0:06:09.560 Party believes that superannuation money is their money and they 0:06:09.600 --> 0:06:13.320 harvest it for graft and kickbacks every step of the way. 0:06:13.320 --> 0:06:15.400 Between themselves the trade union movement. 0:06:17.360 --> 0:06:20.800 Now, for thirty four years people have been forced to 0:06:20.839 --> 0:06:25.960 pay some of their salary into compulsory super It was supposed, 0:06:26.000 --> 0:06:27.800 this was a story at the time. You remember, it 0:06:27.880 --> 0:06:30.839 was supposed to help fund our retirements, to get people 0:06:30.960 --> 0:06:34.800 off the pension and ultimately save taxpayers in the end 0:06:35.160 --> 0:06:37.640 from a pension system that Keating told us at the 0:06:37.680 --> 0:06:42.400 time was not sustainable. I mean that's not what's happened. 0:06:42.920 --> 0:06:46.119 By and large, the pension numbers haven't changed as much 0:06:46.240 --> 0:06:50.039 as promised. The number of people needing taxpayer support in 0:06:50.080 --> 0:06:56.160 their retirement remains high and unsustainable longer term, and people 0:06:56.200 --> 0:07:00.480 miss out on using their money when they need it 0:07:00.560 --> 0:07:05.360 because the rules to access super are so restrictive. The 0:07:05.400 --> 0:07:07.880 real winners out of all of this, out of our 0:07:07.920 --> 0:07:12.520 compulsory supersystem, are the industry super funds who make billions 0:07:13.000 --> 0:07:16.119 and the unions who are also part of the gravy train. 0:07:16.960 --> 0:07:20.120 That's what all of this fight was about today. This 0:07:20.600 --> 0:07:25.120 wasn't labor defending super This was all about labor defending 0:07:25.160 --> 0:07:27.400 their donation and power base. 0:07:28.120 --> 0:07:31.320 Compulsory super and preservation as an important element of that 0:07:31.680 --> 0:07:36.040 are absolutely key to giving Australian workers the retirement incomes 0:07:36.040 --> 0:07:38.880 and economic security that they need and deserve. We will 0:07:38.920 --> 0:07:43.080 defend it forever from the liberals, nationals and one Nation 0:07:43.400 --> 0:07:44.520 who want to destroy it. 0:07:50.040 --> 0:07:52.360 You give the money to the industry super fund, the 0:07:52.400 --> 0:07:55.119 industry super fund gives it to the union, the union 0:07:55.160 --> 0:07:58.040 gives it to the Labor Party and it's this virtual 0:07:58.120 --> 0:08:03.400 circle right today. Out of question time less than parliamentary 0:08:03.520 --> 0:08:07.720 language from the Opposition Manager of Business, Liberal Dan Tan. 0:08:08.600 --> 0:08:14.000 My question is to the Minister for Climate Change and Energy, Minister, 0:08:14.320 --> 0:08:19.160 would you just cut the crap and tell Australians how 0:08:19.280 --> 0:08:24.800 much your capacity investment scheme is costing tax payers? 0:08:25.600 --> 0:08:25.800 Now? 0:08:25.840 --> 0:08:29.440 I think we all share Danteen's frustration with Chris Bowen, 0:08:30.120 --> 0:08:33.320 but he earned this rebuke, ald prompt rebuke from Speaker 0:08:33.480 --> 0:08:34.160 Milton Dick. 0:08:34.960 --> 0:08:38.000 That sort of language is beneath the dignity of this House. 0:08:38.280 --> 0:08:40.160 If you wish to say that in your own time 0:08:40.200 --> 0:08:44.480 and your own capacity, go for it. I'm tempted to 0:08:44.559 --> 0:08:46.400 rule the question out and just to move to the 0:08:46.440 --> 0:08:49.760 next one, but I want this to be a final 0:08:49.840 --> 0:08:52.920 warning that people cannot use that language in here. It 0:08:53.040 --> 0:08:54.840 is completely unacceptable. 0:08:57.000 --> 0:08:57.640 Fair enough. 0:08:58.360 --> 0:09:02.000 I don't like bad language bad behavior in the chamber either. 0:09:02.600 --> 0:09:06.920 But how's this from til Zali Stegel. 0:09:07.280 --> 0:09:10.160 In respect to your comments, mister Speaker. As the Manager 0:09:10.160 --> 0:09:13.520 of Opposition b Business, it's incumbent on him to show 0:09:13.600 --> 0:09:16.640 respect and lead and show leadership. He should be asked 0:09:16.640 --> 0:09:19.640 to leave the chamber and that question is not in order. 0:09:20.320 --> 0:09:23.320 If we can't set the standards here. 0:09:25.240 --> 0:09:27.720 It's crazy. Karen's at the end of the horseshoe. 0:09:27.720 --> 0:09:30.679 Seriously, where was Stegel and all the other women from 0:09:30.679 --> 0:09:33.360 the left last week? Is alban easy ducked for cover 0:09:33.480 --> 0:09:37.320 over that crude podcast? Where was Stegel's use of the 0:09:37.400 --> 0:09:40.000 parliament last week? Where were her questions to the Prime 0:09:40.000 --> 0:09:44.880 Minister putting him under some pressure for disrespecting the Japanese 0:09:44.920 --> 0:09:48.440 female prime minister, or even his crass treatment of Carly 0:09:48.559 --> 0:09:51.920 Minogue saying he'd shag her if it had half a chance. 0:09:52.600 --> 0:09:56.120 I mean, Stegel's hypocritical, She's weak. She's weak and hypocritical 0:09:56.600 --> 0:09:59.280 by all means. Tell Tin to do better. But how 0:09:59.280 --> 0:10:02.120 about you to be to yourself? How about your show 0:10:02.200 --> 0:10:07.560 some consistency because you're not fooling anyone, Zali Stegel. Every 0:10:07.600 --> 0:10:16.200 woman in Australia, we see you absolute frauds. Those Karens 0:10:16.240 --> 0:10:16.959 on the cross bench. 0:10:17.480 --> 0:10:18.160 I will leave it there. 0:10:18.200 --> 0:10:19.679 I could go on all night about them, couldn't I 0:10:19.760 --> 0:10:21.120 let's get the headlines from Canberra. 0:10:22.880 --> 0:10:26.440 One Nation claims the superannuation system is broken and wants 0:10:26.480 --> 0:10:29.760 to give people more access to their retirement savings. Leader 0:10:29.800 --> 0:10:32.000 Pauline Hansen tells News twenty four. 0:10:32.080 --> 0:10:34.040 In some ways. I feel that you should give them 0:10:34.040 --> 0:10:36.640 their money now and let them help them with the 0:10:36.640 --> 0:10:38.640 cost of living. It is their money. 0:10:38.760 --> 0:10:42.880 We will defend it forever from the Liberals, Nationals and 0:10:42.920 --> 0:10:45.079 one nation who want to destroy. 0:10:44.720 --> 0:10:47.880 It another one nation. Senator Malcolm Roberts has been hauled 0:10:47.880 --> 0:10:50.480 in for a meeting with his boss to discuss a 0:10:50.520 --> 0:10:55.400 series of controversial podcast appearances on which he praised conspiracy 0:10:55.400 --> 0:10:59.520 theorist Alex Jones, entertained claims of chemtrails and linked COVID 0:10:59.640 --> 0:11:01.400 vaccinees to miscarriages. 0:11:02.040 --> 0:11:03.640 Yes, Pauline has spoken. 0:11:03.320 --> 0:11:03.840 To me about that. 0:11:03.880 --> 0:11:04.840 What did she say, Senator? 0:11:06.280 --> 0:11:08.240 She said the media lies, so. 0:11:08.160 --> 0:11:10.160 She endorses what you said on those podcasts. 0:11:10.760 --> 0:11:13.560 She knows that the media distorted what I said on podcasts. 0:11:13.679 --> 0:11:15.599 Has she not go on podcasts? 0:11:15.880 --> 0:11:16.040 No? 0:11:16.600 --> 0:11:18.679 Should he be scaling back those sort of comments to 0:11:18.720 --> 0:11:19.240 you respect. 0:11:19.520 --> 0:11:21.800 I'm not going to throw any colleague under a bus. 0:11:22.000 --> 0:11:24.480 Cameron Reddin, News twenty four Canberra. 0:11:26.000 --> 0:11:28.200 All right, as I said, it's another sitting where it's 0:11:28.200 --> 0:11:31.200 a second part of the fortnighte and who better to 0:11:31.320 --> 0:11:33.440 pull it all apart than our News twenty four political 0:11:33.440 --> 0:11:38.040 contributor Chris Yilman. Chris I kicked off with Question Time today. 0:11:38.040 --> 0:11:40.199 In the hot seat, of course, was Housing Minister Clara 0:11:40.240 --> 0:11:42.200 O'Neil and coping rightly. 0:11:42.240 --> 0:11:43.959 I think flack about property. 0:11:43.640 --> 0:11:47.800 Values the risk of negative equity, and it's not just 0:11:48.000 --> 0:11:52.640 a retric or hyperbole hyperboll as Julia gill I used 0:11:52.679 --> 0:11:53.040 to call it. 0:11:53.040 --> 0:11:54.000 The data's out there. 0:11:54.040 --> 0:11:56.240 We had NAB, we've had Westpac, we've had combat with 0:11:56.480 --> 0:11:59.880 A and Z across the board. It's ten plus percent 0:12:00.080 --> 0:12:04.760 falls in value, sorry, not in value. In mortgage applications, 0:12:05.040 --> 0:12:09.360 values are down, Clearance rates are down, and it's all 0:12:09.760 --> 0:12:12.880 emanating from those decisions in the budget in May. 0:12:15.520 --> 0:12:17.240 Yeah, Pet, Look, I don't know why the Labor Party 0:12:17.280 --> 0:12:19.480 didn't lean into this a little bit more, because the 0:12:19.640 --> 0:12:23.720 entire reason for cutting negative gearing was obviously to try 0:12:23.720 --> 0:12:25.920 and cut the price of housing. And you could make 0:12:25.960 --> 0:12:28.440 a reasonable argument I would have thought that the price 0:12:28.480 --> 0:12:31.160 of houses in Australia was way too high. But the 0:12:31.200 --> 0:12:33.600 combination of the things that the Labor Party has done 0:12:34.040 --> 0:12:36.480 has opened up other losers. And there were always going 0:12:36.520 --> 0:12:39.000 to be losers out of this, and none more so 0:12:39.080 --> 0:12:42.480 than those who have borrowed. Just five percent borrowed enormously 0:12:43.280 --> 0:12:47.080 against the five percent deposit and then find themselves in 0:12:47.120 --> 0:12:49.280 a housing market where the price of their houses are 0:12:49.320 --> 0:12:52.280 falling and they are falling into negative equity. That was 0:12:52.360 --> 0:12:54.920 also always going to be one of the outcomes of this, 0:12:55.000 --> 0:12:57.880 and Treasury did warn about that possibility. 0:12:58.000 --> 0:13:00.000 So it's the mix of policies. 0:12:59.520 --> 0:13:01.720 That's created a problem for the Labor Party and the 0:13:01.800 --> 0:13:03.959 fact that it's really not been clear about what it's 0:13:04.000 --> 0:13:04.880 set out to do. 0:13:07.400 --> 0:13:12.040 Chris migration right in almost every bracket of headlines, migrations 0:13:12.080 --> 0:13:12.560 in the mix. 0:13:12.760 --> 0:13:14.160 It's coming from all sides. 0:13:14.440 --> 0:13:17.280 Another poll today, a majority of people say that Labor 0:13:17.320 --> 0:13:20.760 can't handle migration, a majority of voters saying they want 0:13:20.760 --> 0:13:24.000 the numbers reduced. I think it's only fourteen percent of 0:13:24.080 --> 0:13:28.800 people oppose changes to our rate of migration. We were 0:13:28.840 --> 0:13:31.480 promised to speech nearly two weeks ago now from Tony 0:13:31.520 --> 0:13:34.160 Burkey went to ground. We were told we'd get it 0:13:34.240 --> 0:13:36.120 last week. Well that hasn't happened. We were told we 0:13:36.160 --> 0:13:39.080 might get it this week. Again, we're getting nothing from Labor. 0:13:39.720 --> 0:13:42.679 They can't keep running from the problem. But it's amplifying 0:13:42.720 --> 0:13:45.960 clearly to you and to me that there are internal 0:13:46.000 --> 0:13:48.120 issues that he cannot get through his caucus. 0:13:48.240 --> 0:13:49.720 Or indeed the cabinet. 0:13:50.920 --> 0:13:52.679 A Labor parties sees the threat there is a real 0:13:52.720 --> 0:13:56.120 concern in the community. It's being amplified by one nation 0:13:56.240 --> 0:13:58.160 and this is the Labor Party's response to it. But 0:13:58.200 --> 0:13:59.839 of course you are always going to get pushed back 0:13:59.840 --> 0:14:04.040 in internally from the party because unfortunately, with our migration system, 0:14:04.080 --> 0:14:06.120 everyone's got a particular part of it that they like. 0:14:06.200 --> 0:14:08.200 You know, the National Party happens to like the fact 0:14:08.200 --> 0:14:10.400 that we get migrant workers who come in and pick fruit, 0:14:10.520 --> 0:14:12.920 among other things, and that's a good part of the 0:14:12.920 --> 0:14:15.440 migration program. So you know, no one wants to cut that. 0:14:15.559 --> 0:14:16.920 And then there are others who don't want to look 0:14:16.920 --> 0:14:18.960 at family or reunion. But then you have to ask 0:14:18.960 --> 0:14:21.920 a question when you're unifying a family where the relatives 0:14:21.920 --> 0:14:24.600 who are coming in are in their retirement years, what 0:14:24.680 --> 0:14:28.840 benefit is that to Australia. So this is a complicated area. 0:14:29.280 --> 0:14:32.640 Yet all parties need to do something about it because 0:14:32.880 --> 0:14:35.240 most of the population has come to the conclusion that 0:14:35.280 --> 0:14:38.120 this is an unregulated system now and that will see 0:14:38.160 --> 0:14:41.320 them turn on the migration program as a whole. That 0:14:41.360 --> 0:14:43.400 would be bad for Australia. So we do need to 0:14:43.440 --> 0:14:45.960 make some sensible cuts. We've got to find a way 0:14:46.040 --> 0:14:48.800 of making sure that we can keep pace with the 0:14:48.840 --> 0:14:51.600 population as it grows and provide them with the services 0:14:51.600 --> 0:14:52.200 that they need. 0:14:52.560 --> 0:14:54.040 And it's quite apparent. 0:14:53.760 --> 0:14:56.760 That the existing population feels that it's in competition for 0:14:56.800 --> 0:14:58.680 those services with the migrant population. 0:15:00.280 --> 0:15:02.960 Look many years ago, I worked in the immigration portfolio 0:15:03.000 --> 0:15:06.200 in the Howard years, and what I don't understand we're 0:15:06.240 --> 0:15:09.360 having a constant, blunt instrument debate about just a simple 0:15:09.440 --> 0:15:14.080 cut or a steadying of the numbers you mentioned there 0:15:14.120 --> 0:15:18.920 about rural workers. Let's say you can reclassify visa types. 0:15:19.000 --> 0:15:20.760 You can have them so that they are only for 0:15:20.880 --> 0:15:24.600 rural workers, for fruit pickers and other laborers, and have 0:15:24.720 --> 0:15:28.440 them terminate after two years with no rights for visa 0:15:28.520 --> 0:15:30.040 extension that you have to go off. 0:15:29.880 --> 0:15:31.000 Shore to reapply again. 0:15:31.600 --> 0:15:33.280 I think the issue people have with some of these 0:15:33.280 --> 0:15:37.200 students or short term backpacker type visas is the way 0:15:37.240 --> 0:15:40.200 that they can just be extended and leap frogged from 0:15:40.200 --> 0:15:42.360 one class to another. So you come in studying it 0:15:42.640 --> 0:15:44.840 as a kid from India, but you end up being 0:15:44.880 --> 0:15:47.920 an uber driver for fifteen years and just rolling the 0:15:48.000 --> 0:15:51.040 visas over until eventually you become a permanent migrant and 0:15:51.040 --> 0:15:54.040 bring your whole family here. So rather than just simply 0:15:54.120 --> 0:15:57.480 cutting numbers, Chris, I think the whole thing needs to. 0:15:57.400 --> 0:15:58.040 Be pulled apart. 0:15:58.080 --> 0:16:02.600 We've got way too many visa classifications. Simplify them, cut 0:16:02.640 --> 0:16:07.160 them down, have them terminating with no capacity to roll over, 0:16:07.240 --> 0:16:11.280 and certainly no appellet jurisdiction either, because the problem is 0:16:11.600 --> 0:16:14.240 you get knocked back by the Department and then they 0:16:14.320 --> 0:16:17.960 just appeal and appeal and appeal, often with taxpayer funded 0:16:18.480 --> 0:16:19.080 legal aid. 0:16:20.840 --> 0:16:21.040 Yeah. 0:16:21.080 --> 0:16:22.480 Well I meant to all that, and I know where 0:16:22.520 --> 0:16:25.120 i'd start. I'd start with the universities, because the universities 0:16:25.160 --> 0:16:28.320 aren't actually selling degrees anymore, they're selling a pathway to citizenship. 0:16:28.760 --> 0:16:31.920 I think that Australia's universities have let Australia down on 0:16:32.040 --> 0:16:35.440 so many fronts it's not funny. But this is another 0:16:35.520 --> 0:16:36.000 one of them. 0:16:37.520 --> 0:16:41.440 All right, Well, let's talk about universities and China, because 0:16:41.480 --> 0:16:43.760 you're looking very closely at Penny Wong. 0:16:45.720 --> 0:16:49.600 Well, Pennywog on Friday did something quite extraordinary. She issued 0:16:49.720 --> 0:16:52.960 a declaration really to the Australian National University and a 0:16:53.080 --> 0:16:55.480 Queensland University, but particularly the one at the A and 0:16:55.560 --> 0:16:58.280 you took my interest, which has a joint agreement with 0:16:58.320 --> 0:17:01.400 Shandong University, and she used to national security powers to 0:17:01.440 --> 0:17:03.680 say that this was not in Australia's interest and that 0:17:03.720 --> 0:17:05.960 agreement had to be ripped up and had to be 0:17:06.040 --> 0:17:09.560 done reasonably quickly. So there are a whole lot of 0:17:09.600 --> 0:17:11.919 other universities with a whole lot of other courses that 0:17:11.960 --> 0:17:14.560 fall into this. But the interesting thing is this Penny 0:17:14.600 --> 0:17:18.640 Wog moving against a Chinese agreement, and you can't tell 0:17:18.680 --> 0:17:21.439 me that that won't echo loudly in Beijing and that 0:17:21.480 --> 0:17:23.679 this should be a way bigger story than it is. 0:17:23.720 --> 0:17:26.400 So good on her for acting. There's a whole lot 0:17:26.400 --> 0:17:28.720 of more action that needs to be done, but it's 0:17:28.720 --> 0:17:30.560 a pretty good start, I would have thought. And it 0:17:30.600 --> 0:17:34.320 seems to me to be showing a shift inside Pennies 0:17:34.560 --> 0:17:36.760 Wong's office. I think she's done so much work now 0:17:36.960 --> 0:17:39.000 she's doing whack a mole in the Pacific with the 0:17:39.119 --> 0:17:42.720 Chinese and seeing the intelligence briefings every single day that 0:17:42.800 --> 0:17:46.280 she recognizes that China is a clear and present danger 0:17:46.280 --> 0:17:48.639 on a whole range of fronts and a lot of 0:17:48.640 --> 0:17:50.320 those are already inside our borders. 0:17:52.119 --> 0:17:53.960 Well, maybe she can walk down the corridor and have 0:17:54.000 --> 0:17:56.000 a talk to the people in the PMO, because it's 0:17:56.040 --> 0:17:59.720 his story. This afternoon on a new political website called 0:18:00.080 --> 0:18:02.920 Litiko from a former labor inside of his name is 0:18:03.000 --> 0:18:06.320 Ryan Heath's breaking this story. He says that Albanese he 0:18:06.400 --> 0:18:09.080 sought advice from Paul Keating as to how he could 0:18:09.200 --> 0:18:13.400 change the accounting rules on the fence spending to make 0:18:13.440 --> 0:18:16.080 it all look a whole lot better than it really is. 0:18:16.800 --> 0:18:18.879 And I guess the code in all of that is 0:18:19.160 --> 0:18:22.920 the disposition, the friendly disposition someone like Keating has about 0:18:23.000 --> 0:18:25.600 China and perhaps not scaring the horses in Beijing. 0:18:27.520 --> 0:18:28.919 We're going to hear a whole lot more about this 0:18:28.960 --> 0:18:31.120 because it comes from a book by an academic called 0:18:31.200 --> 0:18:34.960 James Current, who's writing about Paul Keating and China, and 0:18:35.440 --> 0:18:38.480 Keating himself boasts about the relationship that he has with 0:18:38.560 --> 0:18:41.360 the current pm and the fact that he spent hours 0:18:41.400 --> 0:18:44.080 with him before he went off to see Shijingping. And 0:18:44.160 --> 0:18:47.560 some of his advice was this, Peter, that the Australians 0:18:47.600 --> 0:18:49.600 had to swim between two sharks. Now, when you think 0:18:49.600 --> 0:18:51.440 of that analogy, I thought he was talking about China, 0:18:51.440 --> 0:18:54.399 and he's talking about the United States. No, he was 0:18:54.440 --> 0:18:58.360 talking about the United States and the China Hawks in Canberra. 0:18:58.480 --> 0:19:01.680 He doesn't see China as a threat at all. He's 0:19:01.720 --> 0:19:04.679 one of the key enablers for China in this country. 0:19:04.760 --> 0:19:07.120 And what China would do to us if we allowed 0:19:07.119 --> 0:19:09.320 people like Paul Keating to have a loud voice in 0:19:09.359 --> 0:19:11.560 the ear of Prime Minister would be to turn us 0:19:11.600 --> 0:19:14.800 into a client state. That is the kind of state 0:19:14.840 --> 0:19:18.000 that they want out of Australia. They are clearly at 0:19:18.040 --> 0:19:20.760 work in a very big way inside our universities, in 0:19:20.840 --> 0:19:24.520 our communities, in our political system. They have penetrated our 0:19:24.760 --> 0:19:27.920 critical infrastructure and they have malware sitting there. 0:19:27.960 --> 0:19:28.240 Now. 0:19:28.400 --> 0:19:30.760 If there's ever a conflict, they will switch off the 0:19:30.840 --> 0:19:33.080 lights in Australia. That will be the first idea that 0:19:33.119 --> 0:19:35.679 we have that there is a conflict, That stuff is 0:19:35.720 --> 0:19:38.840 already there now. Now is this the action or are 0:19:38.880 --> 0:19:41.480 these the actions of a friendly nation? I don't think so. 0:19:41.520 --> 0:19:43.639 I think Penny Wong gets it. I wonder whether the 0:19:43.640 --> 0:19:44.640 Prime Minister does. 0:19:46.160 --> 0:19:46.360 Well. 0:19:46.680 --> 0:19:49.400 Follow the money, Chris, follow the money to the dinner 0:19:49.440 --> 0:19:53.000 parties in the Harburside areas of Sydney. Follow the money 0:19:53.000 --> 0:19:55.720 from Daniel Andrews and others, and it's no mistake he 0:19:55.880 --> 0:19:58.480 was there with the Prime Minister at that recent dinner. 0:19:58.520 --> 0:20:02.240 Follow the money of unions and super funds all the 0:20:02.240 --> 0:20:05.200 way through. There are connections to Beijing. I think that's 0:20:05.240 --> 0:20:07.960 the worry that I have. I'll leave it there. We 0:20:08.000 --> 0:20:08.960 will return to that theme. 0:20:09.000 --> 0:20:09.480 I'm sure. 0:20:10.600 --> 0:20:14.240 Let's go out to Labour's Capacity Investment scheme. This is 0:20:14.320 --> 0:20:17.720 Chris Bowen's pet project that gambles on renewables and that 0:20:17.920 --> 0:20:21.000 futile hope he can still get to that eighty two 0:20:21.040 --> 0:20:26.040 percent renewables target that is pitching for. Since its inception 0:20:26.119 --> 0:20:29.119 in twenty twenty two, the scheme has been shrouded in secrecy. 0:20:29.160 --> 0:20:32.120 We can't get the actual numbers in any great detail. 0:20:32.440 --> 0:20:37.760 He hides behind these line commercial in confidence, keeping pricing 0:20:37.880 --> 0:20:41.960 data and return on investment secret from tax payers. But 0:20:42.000 --> 0:20:46.080 overnight the Australian or they've obtained some new documents and 0:20:46.119 --> 0:20:49.520 they reveal our quote. Here private companies committed around forty 0:20:49.520 --> 0:20:53.879 billion dollars in self ascribe social license commitments as of 0:20:53.960 --> 0:20:57.560 February to have their revenue guaranteed on the public purse 0:20:58.160 --> 0:21:00.560 under a scheme that is seen on my most one 0:21:00.720 --> 0:21:05.360 in ten projects drop out as of February sixty five, 0:21:05.359 --> 0:21:09.800 and ounced renewable energy or battery storage projects had promised 0:21:09.800 --> 0:21:13.640 an estimated thirty five billion in local content, one billion 0:21:13.680 --> 0:21:17.240 in shared community benefits, eight hundred and ninety five million 0:21:17.320 --> 0:21:20.560 in benefits for Indigenous communities and one hundred and twenty 0:21:20.600 --> 0:21:24.680 three million in local employment. Joining me now to pull 0:21:24.720 --> 0:21:28.320 the detail apart, because the detail is what matters, the 0:21:28.320 --> 0:21:31.400 director of Energy Research at the Center for Independent Studies, 0:21:31.400 --> 0:21:35.240