WEBVTT - Sharri | 25 September

0:00:01.600 --> 0:00:05.559
<v Speaker 1>Why on Sky News This is Sharry.

0:00:07.440 --> 0:00:11.480
<v Speaker 2>Good Evening will tonight Anthony Albinizi has lost his composure

0:00:11.840 --> 0:00:15.960
<v Speaker 2>when grilled about breaking his promise on negative gearing. That

0:00:16.120 --> 0:00:20.520
<v Speaker 2>was bad enough. Now the explosive story that labor insiders

0:00:20.600 --> 0:00:23.680
<v Speaker 2>are calling for the Prime Minister to be rolled to

0:00:23.800 --> 0:00:26.880
<v Speaker 2>stop the party losing. I'll bring you that full story

0:00:26.960 --> 0:00:31.040
<v Speaker 2>in a moment and it will rattle the PM. Also tonight,

0:00:31.120 --> 0:00:34.520
<v Speaker 2>it's the tragedy Petty Wong and the international community keep

0:00:34.600 --> 0:00:41.240
<v Speaker 2>forgetting about twelve Israeli children murdered by Hesbelah while playing soccer. Well,

0:00:41.280 --> 0:00:44.920
<v Speaker 2>one mother whose beautiful little girl was killed will join

0:00:45.000 --> 0:00:48.080
<v Speaker 2>me live on the show tonight. You don't want to

0:00:48.080 --> 0:00:52.040
<v Speaker 2>miss this. And Tel Aviv hit by an unprecedented Hesbela

0:00:52.159 --> 0:00:56.160
<v Speaker 2>ballistic missile. I'll take you live to Israel for the latest,

0:00:56.880 --> 0:01:00.280
<v Speaker 2>but first tonight. An under pressure prime minister has apt

0:01:00.560 --> 0:01:04.080
<v Speaker 2>while being grilled about plans to change negative gearing and

0:01:04.160 --> 0:01:09.320
<v Speaker 2>capital gains tax. After facing scrutiny all day, Albanezy this

0:01:09.400 --> 0:01:13.600
<v Speaker 2>afternoon lost his call. In a heated interview, he admitted

0:01:13.959 --> 0:01:18.080
<v Speaker 2>he had no idea whether his treasurer had requested modeling

0:01:18.200 --> 0:01:22.480
<v Speaker 2>on changes to the controversial tax policies here. He was

0:01:22.560 --> 0:01:25.960
<v Speaker 2>on ABC Radio with Richard Glover this afternoon.

0:01:26.680 --> 0:01:32.840
<v Speaker 3>The department, like all departments, look at various things at

0:01:32.920 --> 0:01:37.840
<v Speaker 3>various times. Is this government policy or government request to

0:01:37.959 --> 0:01:43.200
<v Speaker 3>examine potential policy announcement? No it's not.

0:01:43.400 --> 0:01:46.160
<v Speaker 4>But it's a fair question to ask you whether you

0:01:46.400 --> 0:01:49.400
<v Speaker 4>or your treasurer has requested this this study.

0:01:50.040 --> 0:01:51.640
<v Speaker 3>Sure, and I've answered that you've asked.

0:01:51.800 --> 0:01:53.680
<v Speaker 5>You've answered it for yourself, but not for the treasurer.

0:01:54.960 --> 0:01:56.160
<v Speaker 3>Well, I'm not the treasurer.

0:01:57.840 --> 0:01:59.800
<v Speaker 6>You must have said to hey, Jim, did you ask

0:01:59.840 --> 0:02:00.400
<v Speaker 6>them to do this?

0:02:01.200 --> 0:02:01.240
<v Speaker 1>No?

0:02:02.160 --> 0:02:03.480
<v Speaker 3>No, not at all.

0:02:05.360 --> 0:02:07.800
<v Speaker 5>Sorry, you don't know whether your treasurer has asked them.

0:02:07.640 --> 0:02:08.520
<v Speaker 6>To do this work or not.

0:02:09.960 --> 0:02:12.720
<v Speaker 3>Well, I don't know because I'm not the treasurer, and

0:02:12.720 --> 0:02:15.120
<v Speaker 3>the Treasurer is on his way to China as we speak.

0:02:16.040 --> 0:02:21.720
<v Speaker 3>But what we have done is to concentrate on our

0:02:21.760 --> 0:02:22.920
<v Speaker 3>homes for Australia Plan.

0:02:24.240 --> 0:02:28.040
<v Speaker 2>So he doesn't know whether his own government is re

0:02:28.160 --> 0:02:31.880
<v Speaker 2>examining negative gearing policy. That was a train wreck interview

0:02:31.919 --> 0:02:35.640
<v Speaker 2>and that is what a Prime minister under pressure looks like.

0:02:36.160 --> 0:02:39.520
<v Speaker 2>And he's certainly feeling the heat. Along with bad polls,

0:02:39.800 --> 0:02:43.000
<v Speaker 2>there are now even calls within Labor for his removal

0:02:43.120 --> 0:02:47.560
<v Speaker 2>as PM. Senior Labour figure from er Queensland State Secretary

0:02:47.720 --> 0:02:51.280
<v Speaker 2>Cameron Milner wrote a public article saying that it was

0:02:51.360 --> 0:02:54.480
<v Speaker 2>time for the Labor Party to take the nuclear option

0:02:54.880 --> 0:03:00.000
<v Speaker 2>and force Albanese's exit. Milna writes that Albaneze he criticized

0:03:00.240 --> 0:03:03.280
<v Speaker 2>the extreme Greens, but his only viable plan to remain

0:03:03.360 --> 0:03:07.680
<v Speaker 2>PM will see him govern with the extreme Greens. Labour

0:03:07.760 --> 0:03:11.880
<v Speaker 2>simply can't let him do that to our party. So

0:03:12.080 --> 0:03:15.200
<v Speaker 2>to reanergize the base, lift the Labour primary and put

0:03:15.240 --> 0:03:18.080
<v Speaker 2>it in a position to win a second term in office,

0:03:18.400 --> 0:03:21.800
<v Speaker 2>they need to take the nuclear option. Albenizi has tried

0:03:21.840 --> 0:03:24.920
<v Speaker 2>his best, but his best isn't good enough.

0:03:26.320 --> 0:03:26.519
<v Speaker 6>Well.

0:03:26.520 --> 0:03:30.480
<v Speaker 2>With concern growing about Albanesi's ability to lead the country,

0:03:31.040 --> 0:03:34.040
<v Speaker 2>it's likely we're going to see more of his temper,

0:03:34.400 --> 0:03:37.480
<v Speaker 2>more of him losing his call over the next few months.

0:03:37.520 --> 0:03:41.119
<v Speaker 2>Ahead of the election, the Prime Minister is frustrated that

0:03:41.360 --> 0:03:46.320
<v Speaker 2>pesky journalists keep asking questions about tax policy, questions that

0:03:46.360 --> 0:03:50.600
<v Speaker 2>are clearly in the public interest, questions that are legitimate.

0:03:50.960 --> 0:03:55.400
<v Speaker 2>Given Labour's flip flopping on policies like negative gearing over

0:03:55.440 --> 0:03:59.720
<v Speaker 2>the years, the reality is Labor is obsessed with class

0:03:59.760 --> 0:04:04.760
<v Speaker 2>war and as such has always despised negative gearing. Ahead

0:04:04.760 --> 0:04:08.680
<v Speaker 2>of the twenty nineteen election, Labor promised to scrap it.

0:04:09.640 --> 0:04:11.800
<v Speaker 6>You've invested under the cool of tax laws.

0:04:12.160 --> 0:04:15.600
<v Speaker 1>They're the rules that will apply going forward. Our changes

0:04:15.720 --> 0:04:17.400
<v Speaker 1>to negative gearing are prospective.

0:04:17.640 --> 0:04:20.200
<v Speaker 7>This is the most generous property tax concession in the world,

0:04:20.279 --> 0:04:21.520
<v Speaker 7>in effect, very few.

0:04:21.400 --> 0:04:22.160
<v Speaker 6>Countries do it.

0:04:23.440 --> 0:04:26.919
<v Speaker 2>And Albanez he mounted the case himself as well, saying

0:04:26.920 --> 0:04:30.680
<v Speaker 2>that scrapping negative gearing was a priority. His word priority,

0:04:30.720 --> 0:04:32.960
<v Speaker 2>you'll hear it in a minute, and the right thing

0:04:33.040 --> 0:04:36.640
<v Speaker 2>to do here. He was making those remarks on both

0:04:36.680 --> 0:04:39.359
<v Speaker 2>The Today Show and on Sky News ahead of the

0:04:39.400 --> 0:04:40.839
<v Speaker 2>twenty nineteen election.

0:04:41.960 --> 0:04:43.520
<v Speaker 1>Well, where about line, Lisa.

0:04:43.720 --> 0:04:48.320
<v Speaker 7>Our policies, including the quite controversial policy according to Christopher,

0:04:48.400 --> 0:04:52.160
<v Speaker 7>of doing something about housing affordability, for example, in terms

0:04:52.200 --> 0:04:55.600
<v Speaker 7>of changes that we would make to negative gearing and

0:04:55.640 --> 0:04:59.080
<v Speaker 7>to capital gains in terms of those concessions, that's pretty

0:04:59.160 --> 0:05:00.520
<v Speaker 7>brave for an opposition to do.

0:05:00.560 --> 0:05:03.440
<v Speaker 1>But it's the right thing to do gearing policy.

0:05:03.440 --> 0:05:06.880
<v Speaker 8>I see that there's another report that's come out claiming

0:05:06.920 --> 0:05:08.200
<v Speaker 8>that it will put downward.

0:05:07.920 --> 0:05:09.080
<v Speaker 1>Pressure on house prices.

0:05:09.080 --> 0:05:10.960
<v Speaker 8>That's what label wants, though, isn't it for it to

0:05:10.960 --> 0:05:12.840
<v Speaker 8>put downward pressure on house prices?

0:05:12.880 --> 0:05:13.479
<v Speaker 1>That's the purpose.

0:05:15.360 --> 0:05:18.120
<v Speaker 7>Well, I think what it will clearly do is mean

0:05:18.160 --> 0:05:21.640
<v Speaker 7>that the increase in housing prices will be less than

0:05:21.680 --> 0:05:26.040
<v Speaker 7>they would have been without this, and I believe it's

0:05:26.080 --> 0:05:27.000
<v Speaker 7>a strong policy.

0:05:28.440 --> 0:05:32.880
<v Speaker 2>That election was considered unlosable for Bill Shorten, yet lose

0:05:32.960 --> 0:05:36.640
<v Speaker 2>it he did thanks to voters roundly rejecting tax changes

0:05:36.920 --> 0:05:40.559
<v Speaker 2>like on capital gains and negative gearing, because it turned

0:05:40.600 --> 0:05:44.480
<v Speaker 2>out that it wasn't only the wealthy who had investment properties.

0:05:45.080 --> 0:05:48.039
<v Speaker 2>Many Australians do and it would have been a hit

0:05:48.200 --> 0:05:52.080
<v Speaker 2>to the hip pocket for one point two million voters.

0:05:52.720 --> 0:05:56.040
<v Speaker 2>That's how many people negatively gear their properties.

0:05:56.720 --> 0:05:56.920
<v Speaker 9>Well.

0:05:56.920 --> 0:06:00.640
<v Speaker 2>In the wake of Bill Shorton's crushing loss, he sees

0:06:00.720 --> 0:06:05.240
<v Speaker 2>the Labor leadership and dumped the party's radical tax plans,

0:06:06.040 --> 0:06:09.760
<v Speaker 2>and suddenly he was arguing there'd be no change to

0:06:09.839 --> 0:06:10.640
<v Speaker 2>negative gearing.

0:06:11.760 --> 0:06:16.000
<v Speaker 7>Gearing now gliding without help to buskiing. Negative gearing is

0:06:16.040 --> 0:06:18.359
<v Speaker 7>a good thing, but it wasn't the years negative gearing.

0:06:18.400 --> 0:06:20.880
<v Speaker 7>We had a policy that we took to the election

0:06:21.200 --> 0:06:22.760
<v Speaker 7>where we were not successful.

0:06:22.880 --> 0:06:25.360
<v Speaker 10>Why was negative gearing and capital gains tax breaks a

0:06:25.360 --> 0:06:27.680
<v Speaker 10>bad idea in twenty nineteen, and a good idea in

0:06:27.680 --> 0:06:28.160
<v Speaker 10>twenty twenty.

0:06:28.160 --> 0:06:32.279
<v Speaker 7>Seen, well, we've found a better idea arrange of them.

0:06:33.320 --> 0:06:36.680
<v Speaker 2>But now it seems this may be another broken promise

0:06:36.920 --> 0:06:40.719
<v Speaker 2>because we learned today that Treasury is examining options to

0:06:40.839 --> 0:06:44.719
<v Speaker 2>change negative gearing. The Herald reporting that federal officials have

0:06:44.800 --> 0:06:48.120
<v Speaker 2>started work on options to scale back negative gearing and

0:06:48.200 --> 0:06:51.760
<v Speaker 2>capital gains tax concessions, preparing the ground for a bold

0:06:51.839 --> 0:06:56.520
<v Speaker 2>new housing policy that could define the federal election. They

0:06:56.560 --> 0:06:59.599
<v Speaker 2>report that a request for modeling on the potential change

0:06:59.600 --> 0:07:02.080
<v Speaker 2>to negative of gearing has been made and that it

0:07:02.120 --> 0:07:06.400
<v Speaker 2>could canvas changes to the concessions on capital gains tax well.

0:07:06.440 --> 0:07:10.040
<v Speaker 2>When asked about this explosive report today, the Prime Minister

0:07:10.280 --> 0:07:11.360
<v Speaker 2>didn't deny it.

0:07:12.320 --> 0:07:15.280
<v Speaker 7>I've seen those reports and what we do is we

0:07:15.480 --> 0:07:18.440
<v Speaker 7>value the public service, so from time to time, I'm

0:07:18.440 --> 0:07:21.320
<v Speaker 7>sure the public service are looking at policy ideas.

0:07:22.640 --> 0:07:26.160
<v Speaker 2>But then by this afternoon his message was confused, and

0:07:26.400 --> 0:07:29.240
<v Speaker 2>he all but admitted he had no idea if his

0:07:29.320 --> 0:07:32.680
<v Speaker 2>Treasurer or anyone else in his government was re examining

0:07:32.760 --> 0:07:36.080
<v Speaker 2>negative gearing. In the past week, the Prime Minister was

0:07:36.120 --> 0:07:39.240
<v Speaker 2>asked several times if he was looking at changes to

0:07:39.320 --> 0:07:42.880
<v Speaker 2>this policy, and he was annoyed at the ABC for

0:07:43.000 --> 0:07:44.440
<v Speaker 2>even asking.

0:07:45.040 --> 0:07:49.480
<v Speaker 8>Are you saying negative gearing and capital gains tax concessions

0:07:49.480 --> 0:07:51.600
<v Speaker 8>are absolutely off the table for you.

0:07:52.400 --> 0:07:53.960
<v Speaker 7>Well, they're tax policies.

0:07:53.960 --> 0:07:58.160
<v Speaker 1>But are those tax policies? Are those tax policies completely

0:07:58.200 --> 0:07:59.120
<v Speaker 1>off the table.

0:07:58.840 --> 0:08:04.360
<v Speaker 7>For you, Patricia, I don't answer the sort of those

0:08:04.360 --> 0:08:05.200
<v Speaker 7>sort of questions.

0:08:06.680 --> 0:08:11.680
<v Speaker 2>In another ABC radio interview, Albaneze seemed to rule out changes.

0:08:12.840 --> 0:08:17.880
<v Speaker 7>Well, one analysis is certainly the Property Council argue that

0:08:17.880 --> 0:08:19.840
<v Speaker 7>that would have a negative.

0:08:19.440 --> 0:08:20.440
<v Speaker 1>Impact on supply.

0:08:20.640 --> 0:08:22.960
<v Speaker 7>So that is one of the reasons why we're very

0:08:23.000 --> 0:08:24.080
<v Speaker 7>cautious about that.

0:08:25.600 --> 0:08:28.600
<v Speaker 2>So at the same time Albaneze was all but ruling

0:08:28.600 --> 0:08:33.560
<v Speaker 2>out negative gearing changes, Treasury was reportedly looking at options

0:08:33.559 --> 0:08:38.280
<v Speaker 2>to do precisely that. It's incredible how Lucy is with

0:08:38.400 --> 0:08:41.120
<v Speaker 2>his word ruling it out at the same time as

0:08:41.160 --> 0:08:45.560
<v Speaker 2>his government considers major change. This is misleading to the

0:08:45.559 --> 0:08:49.400
<v Speaker 2>public and it says a lot about Alberneze's character. He's

0:08:49.440 --> 0:08:53.040
<v Speaker 2>already once lied about the changes to Stage three tax cuts.

0:08:53.360 --> 0:08:55.400
<v Speaker 2>As you know, he pledged over and over again that

0:08:55.440 --> 0:08:59.760
<v Speaker 2>he wouldn't touch them until the day he changed them dramatically.

0:09:00.559 --> 0:09:04.040
<v Speaker 2>Now clearly Albin Eazy is worried about the Greens taking

0:09:04.120 --> 0:09:07.480
<v Speaker 2>votes off labor thanks to the perception that they care

0:09:07.559 --> 0:09:12.080
<v Speaker 2>more about the housing crisis. But if he does go

0:09:12.160 --> 0:09:15.720
<v Speaker 2>ahead with this broken promise, it would unleash a world

0:09:15.760 --> 0:09:20.559
<v Speaker 2>of political pain on Albanzi. Peter Dutton's Liberal campaign team

0:09:21.000 --> 0:09:25.040
<v Speaker 2>is already thinking about reprising this advert from the shot

0:09:25.040 --> 0:09:25.400
<v Speaker 2>in era.

0:09:26.640 --> 0:09:29.800
<v Speaker 11>Bill Shorten's new housing tax would take a wrecking ball

0:09:29.800 --> 0:09:32.680
<v Speaker 11>to the economy. Some experts believe it could even lead

0:09:32.679 --> 0:09:35.920
<v Speaker 11>to a recession. With their higher capital gains taxes and

0:09:36.080 --> 0:09:38.960
<v Speaker 11>ending negative gearing as we know it, labor would cut

0:09:38.960 --> 0:09:41.719
<v Speaker 11>the value of your home and push up rents. A

0:09:41.720 --> 0:09:44.600
<v Speaker 11>softer housing market means now it's the worst time for

0:09:44.720 --> 0:09:48.960
<v Speaker 11>Labour's housing tax. Labour can't manage money. That's why they're

0:09:48.960 --> 0:09:53.840
<v Speaker 11>coming after yours, labor. It's the bill Australia can't afford.

0:09:55.120 --> 0:09:57.960
<v Speaker 2>Yep. That would be a scare campaign, But the reality

0:09:58.080 --> 0:10:02.120
<v Speaker 2>is that changes to negative gearing have two immediate consequences

0:10:02.440 --> 0:10:05.840
<v Speaker 2>that would be detrimental to our economy and the housing market.

0:10:06.400 --> 0:10:09.360
<v Speaker 2>It could lead to a collapse in house prices and

0:10:09.440 --> 0:10:13.120
<v Speaker 2>it would decrease the value of people's own homes, and secondly,

0:10:13.160 --> 0:10:16.959
<v Speaker 2>it wouldn't help renters because rents inevitably would go up.

0:10:17.640 --> 0:10:19.440
<v Speaker 2>In terms of the hit to the hip pocket for

0:10:19.520 --> 0:10:23.840
<v Speaker 2>families it'd be massive, and the budget revenue wouldn't be

0:10:23.880 --> 0:10:28.400
<v Speaker 2>immediate because the scheme would have to be grandfathered. This

0:10:28.480 --> 0:10:32.560
<v Speaker 2>debate and uncertainty over tax policy comes at a time

0:10:32.559 --> 0:10:36.880
<v Speaker 2>when the Australian economy is already stagnant. But there was

0:10:36.920 --> 0:10:41.439
<v Speaker 2>good news today that inflation has come down dramatically. Headline

0:10:41.520 --> 0:10:45.520
<v Speaker 2>inflation has fallen to two point seven percent last month,

0:10:46.000 --> 0:10:49.400
<v Speaker 2>while underlying inflation fell from three point eight to three

0:10:49.440 --> 0:10:53.080
<v Speaker 2>point four percent, and this was welcomed by the Treasurer.

0:10:53.800 --> 0:10:57.840
<v Speaker 12>The new inflation numbers for August showed that headline and

0:10:58.040 --> 0:11:02.440
<v Speaker 12>underlying inflation both went down substantially. These are very welcome,

0:11:03.000 --> 0:11:05.679
<v Speaker 12>very encouraging and very heartening numbers.

0:11:07.360 --> 0:11:10.320
<v Speaker 2>RBA Governor Michelle Bullock made the point this week that

0:11:10.520 --> 0:11:14.520
<v Speaker 2>headline inflation has been driven down temporarily by the government's

0:11:14.600 --> 0:11:18.680
<v Speaker 2>energy rebate, and this will rise again by around half

0:11:18.679 --> 0:11:22.760
<v Speaker 2>a percentage point when the rebate ends. The RBA isn't

0:11:22.800 --> 0:11:26.160
<v Speaker 2>expecting inflation to return to the target band until late

0:11:26.240 --> 0:11:29.920
<v Speaker 2>next year, and Michelle Bullock doesn't expect it'll be at

0:11:29.960 --> 0:11:33.440
<v Speaker 2>a sustainable level until mid twenty twenty six.

0:11:34.600 --> 0:11:38.160
<v Speaker 13>I think the point I would make is that if

0:11:38.200 --> 0:11:41.959
<v Speaker 13>tomorrow we get an inflation number which has got a

0:11:42.040 --> 0:11:43.960
<v Speaker 13>two in front of it, so it's back in the band,

0:11:45.760 --> 0:11:49.240
<v Speaker 13>that doesn't mean that we've got inflation under control. It

0:11:49.280 --> 0:11:52.080
<v Speaker 13>doesn't mean that inflation is sustainably back within the band.

0:11:52.120 --> 0:11:54.520
<v Speaker 13>It just means it's back there at the moment.

0:11:55.880 --> 0:11:58.560
<v Speaker 2>And in the media there's been criticism today of the

0:11:58.640 --> 0:12:04.200
<v Speaker 2>Treasurer for art officially or temporarily lowering inflation. But the

0:12:04.240 --> 0:12:07.240
<v Speaker 2>point is this, Jim Chalmers was trying to find a

0:12:07.280 --> 0:12:11.760
<v Speaker 2>way to provide cost of living relief without contributing to inflation.

0:12:12.480 --> 0:12:17.800
<v Speaker 2>Any cash handout would certainly have been inflationary. Energy rebates

0:12:18.200 --> 0:12:21.520
<v Speaker 2>were quite a genius way to offer relief, and the

0:12:21.559 --> 0:12:25.000
<v Speaker 2>beauty of it was that, yes, it temporarily reduced inflation.

0:12:25.880 --> 0:12:29.040
<v Speaker 2>But as the IBA governor said, inflation is persistent, it

0:12:29.120 --> 0:12:31.480
<v Speaker 2>is sticky, and this means there won't be a rate

0:12:31.559 --> 0:12:35.760
<v Speaker 2>cut anytime soon, and possibly not before the federal election.

0:12:36.360 --> 0:12:38.760
<v Speaker 2>And you can bet that if there's no rate cut,

0:12:39.040 --> 0:12:42.440
<v Speaker 2>Albanezi will point the finger, will point the blame at

0:12:42.480 --> 0:12:46.600
<v Speaker 2>his treasurer. Political editor Simon Benson writes that ironically, to

0:12:46.640 --> 0:12:50.439
<v Speaker 2>guarantee inflation and rates come down would require the government

0:12:50.520 --> 0:12:54.439
<v Speaker 2>to do the exact opposite of what it's doing spending,

0:12:55.040 --> 0:12:57.920
<v Speaker 2>and with an election campaign to think of, the government

0:12:58.000 --> 0:13:02.240
<v Speaker 2>is hardly likely to do that, And that's the catch.

0:13:03.080 --> 0:13:06.760
<v Speaker 2>The Treasurer has managed to mostly stop his radical and

0:13:06.800 --> 0:13:10.680
<v Speaker 2>ambitious colleagues from going on a massive spendeth on in

0:13:10.720 --> 0:13:15.840
<v Speaker 2>their own portfolios. That's notwithstanding that eighty two million dollars

0:13:15.880 --> 0:13:19.680
<v Speaker 2>Penny Wong has given to the terrorist controlled Gaza. But

0:13:19.800 --> 0:13:22.800
<v Speaker 2>with the election coming up, it's not clear how long

0:13:22.880 --> 0:13:25.439
<v Speaker 2>he'll be able to hold them off, with Labor and

0:13:25.520 --> 0:13:30.000
<v Speaker 2>PAS clearly caring more about staying in office than bringing

0:13:30.080 --> 0:13:36.240
<v Speaker 2>down the cost of living. All Right, it's a jam

0:13:36.240 --> 0:13:38.920
<v Speaker 2>packed show tonight. We've got a lot of news coming up.

0:13:38.960 --> 0:13:41.520
<v Speaker 2>But right now let's bring in my regular Wednesday panel,

0:13:41.559 --> 0:13:45.640
<v Speaker 2>former Victorian Liberal Party president Michael Kroger and former Labor

0:13:45.640 --> 0:13:50.920
<v Speaker 2>Minister Graham Richardson. Welcome to you both. Mike, I want

0:13:50.960 --> 0:13:54.080
<v Speaker 2>to get your reaction to the comments that I've just

0:13:54.160 --> 0:13:58.160
<v Speaker 2>made there and also this idea that alban Easy Today

0:13:58.240 --> 0:14:01.880
<v Speaker 2>has refused to rule out changes to negative gearing. What

0:14:01.920 --> 0:14:02.800
<v Speaker 2>do you think about this?

0:14:05.000 --> 0:14:09.360
<v Speaker 4>Well, this is a disastrous idea. You know, as Richo knows,

0:14:10.280 --> 0:14:13.840
<v Speaker 4>at least in my lifetime, Labor have only one election

0:14:13.920 --> 0:14:15.800
<v Speaker 4>on tax at a federal level. That was in ninety

0:14:15.840 --> 0:14:19.160
<v Speaker 4>three when they opposed a new tax. But I don't

0:14:19.160 --> 0:14:22.040
<v Speaker 4>think Labor have ever won an election by proposing a

0:14:22.080 --> 0:14:24.280
<v Speaker 4>new tax themselves, which is what they're doing here, an

0:14:24.280 --> 0:14:28.760
<v Speaker 4>increase in tax, a change in tax. As Albanezy has

0:14:29.000 --> 0:14:34.280
<v Speaker 4>hinted at today, this is electorally disastrous for Labor. As

0:14:34.280 --> 0:14:36.800
<v Speaker 4>I said, They've never won an election proposing.

0:14:36.320 --> 0:14:36.920
<v Speaker 6>A new tax.

0:14:37.920 --> 0:14:40.760
<v Speaker 4>And the bigger issue I think is this, it's a

0:14:40.840 --> 0:14:44.000
<v Speaker 4>question of trust. I mean, I can see the federal

0:14:44.080 --> 0:14:47.120
<v Speaker 4>Liberal Party running a brilliant campaign on can you trust

0:14:47.120 --> 0:14:50.440
<v Speaker 4>this bloke? I mean, he promised no changes to super,

0:14:51.080 --> 0:14:54.480
<v Speaker 4>He promised no changes the tax stays, three tax cuts.

0:14:54.920 --> 0:14:56.240
<v Speaker 1>He promised he wouldn't.

0:14:55.880 --> 0:15:01.320
<v Speaker 4>Bring in changes to negative gearing. He promised that, and

0:15:01.320 --> 0:15:04.360
<v Speaker 4>we've seen the clips tonight. He promised the Aboriginal community

0:15:04.440 --> 0:15:08.680
<v Speaker 4>the oral statement in full. Never promised changes to the

0:15:08.680 --> 0:15:10.880
<v Speaker 4>IR system, which is now done. Et cetera, et cetera,

0:15:10.920 --> 0:15:15.320
<v Speaker 4>et cetera, this bloke can't keep a consistent line because

0:15:15.320 --> 0:15:18.400
<v Speaker 4>he gets pushed and pulled. These two weak and so

0:15:18.440 --> 0:15:20.520
<v Speaker 4>a campaign based on that, you can't trust a word

0:15:20.520 --> 0:15:23.880
<v Speaker 4>this bloke says, is going to defeat alban easy. Maybe

0:15:23.920 --> 0:15:26.520
<v Speaker 4>not seventy two seats for Dutton, maybe a few more

0:15:26.560 --> 0:15:26.840
<v Speaker 4>than that.

0:15:27.480 --> 0:15:31.200
<v Speaker 2>Yeah, it would be very political, politically risky to pursue

0:15:31.280 --> 0:15:34.880
<v Speaker 2>changes to negative gearing, even if it might hold off

0:15:34.920 --> 0:15:36.720
<v Speaker 2>the Greens to some extent, Richo.

0:15:37.920 --> 0:15:41.520
<v Speaker 10>Yeah, that looks they're all maybe true, but the reality

0:15:41.600 --> 0:15:43.480
<v Speaker 10>is out there in the real world they like Alba.

0:15:44.320 --> 0:15:46.120
<v Speaker 10>They're not going to dump Albo at this stage of

0:15:46.120 --> 0:15:47.400
<v Speaker 10>the game. No way in the world.

0:15:47.840 --> 0:15:48.800
<v Speaker 6>People like this.

0:15:48.760 --> 0:15:52.600
<v Speaker 10>Fella, and that likability factor is going to keep him

0:15:52.600 --> 0:15:53.520
<v Speaker 10>in government for a while.

0:15:53.600 --> 0:15:58.400
<v Speaker 2>Yet you always mentioned this likability factor. I just don't

0:15:58.440 --> 0:16:00.840
<v Speaker 2>see it, Richo. But rich think you're gonna like this

0:16:00.920 --> 0:16:03.640
<v Speaker 2>story we're going to talk about now now. As I

0:16:03.680 --> 0:16:06.360
<v Speaker 2>spoke about just then, there are calls by some inside

0:16:06.440 --> 0:16:09.960
<v Speaker 2>Labor for the PM to be removed. My regular guest

0:16:10.000 --> 0:16:13.000
<v Speaker 2>on this show, Cameron Milner, writes in The Nightly that

0:16:13.120 --> 0:16:16.240
<v Speaker 2>Labour should take the nuclear option and ask Albanesi to

0:16:16.280 --> 0:16:20.680
<v Speaker 2>gracefully step aside. Or otherwise blast him out of office

0:16:20.720 --> 0:16:24.360
<v Speaker 2>with a caucus vote. And Richo he writes that this

0:16:24.600 --> 0:16:27.640
<v Speaker 2>is in fact the same option that Graham Richardson delivered

0:16:27.680 --> 0:16:30.080
<v Speaker 2>to me when I was Bill Shorton's chief of staff,

0:16:30.440 --> 0:16:33.400
<v Speaker 2>when he was shilling for Albanezi to take over from Bill.

0:16:33.480 --> 0:16:37.760
<v Speaker 2>In February twenty sixteen, just four months before the federal election,

0:16:38.280 --> 0:16:43.240
<v Speaker 2>Camra Milna writes that's sitting down at Richo's local Harveside restaurant, Catalina.

0:16:43.760 --> 0:16:48.360
<v Speaker 2>Richo opined that Bill has two news polls left. When

0:16:48.400 --> 0:16:52.320
<v Speaker 2>he falls shot, he can resign for elbow or will

0:16:52.400 --> 0:16:56.640
<v Speaker 2>blast him out with the message delivered Richo that encouraged

0:16:56.680 --> 0:17:00.240
<v Speaker 2>me to order Andre and Maine and proceeded to tell

0:17:00.280 --> 0:17:02.640
<v Speaker 2>me what a talent Scott Morrison was. I have to say,

0:17:02.720 --> 0:17:05.520
<v Speaker 2>rich O, it does sound like you. You've taken me

0:17:05.600 --> 0:17:10.800
<v Speaker 2>to Catilena before. But on a serious note, Gray and Richardson,

0:17:12.000 --> 0:17:15.919
<v Speaker 2>is this true? Did you threaten to roll Bill Shotton

0:17:16.000 --> 0:17:16.439
<v Speaker 2>for Albo?

0:17:17.200 --> 0:17:18.800
<v Speaker 6>That certainly doesn't sound like me.

0:17:20.160 --> 0:17:24.160
<v Speaker 10>So I think, as I kept hearing in America once

0:17:24.240 --> 0:17:28.640
<v Speaker 10>upon a time, I just don't recall that.

0:17:29.440 --> 0:17:32.439
<v Speaker 2>So you're genuinely denying this because this is you know,

0:17:32.600 --> 0:17:34.560
<v Speaker 2>a story that would go down in the history books.

0:17:34.560 --> 0:17:37.080
<v Speaker 2>Four months out from the election, did you say that

0:17:37.119 --> 0:17:39.040
<v Speaker 2>Bill Shotton had two news polls left.

0:17:39.480 --> 0:17:40.320
<v Speaker 6>I don't recall.

0:17:42.920 --> 0:17:43.920
<v Speaker 1>Did you did.

0:17:43.760 --> 0:17:46.320
<v Speaker 2>Think that Albanezy should replace Shorten?

0:17:46.840 --> 0:17:50.640
<v Speaker 10>That's true, Yeah, that's true. I certainly had that view

0:17:50.680 --> 0:17:51.600
<v Speaker 10>for quite a long time.

0:17:51.800 --> 0:17:54.520
<v Speaker 2>And you may have made that threat to Cameron Milner,

0:17:54.560 --> 0:17:56.480
<v Speaker 2>Shorton's chief of staff at Catalina.

0:17:57.119 --> 0:17:58.080
<v Speaker 6>Well, it's possible.

0:17:58.440 --> 0:18:01.760
<v Speaker 2>You remember the lunch you took him.

0:18:02.200 --> 0:18:03.760
<v Speaker 6>No, I don't particularly remember the lunch.

0:18:03.760 --> 0:18:06.119
<v Speaker 10>I've had so many at Catalina, it's so hard to

0:18:06.160 --> 0:18:09.080
<v Speaker 10>remember them each one individually.

0:18:10.480 --> 0:18:14.840
<v Speaker 2>Basically your touch up, Michael Kroger, would removing Albert easy

0:18:14.960 --> 0:18:16.880
<v Speaker 2>Hirst or help Labor at this point?

0:18:19.480 --> 0:18:22.480
<v Speaker 4>Well, Milner's a very smart blake. Let's let's be He's

0:18:22.480 --> 0:18:24.359
<v Speaker 4>not my politics. He's Labor, of course, but he's a

0:18:24.440 --> 0:18:28.920
<v Speaker 4>very smart blake. And he was Albert. He was Shorten's

0:18:29.000 --> 0:18:31.879
<v Speaker 4>advisor in the sixteen election, not the nineteen election, the

0:18:31.920 --> 0:18:34.240
<v Speaker 4>sixteen election where they almost had a miraculous win. So

0:18:35.119 --> 0:18:39.399
<v Speaker 4>he's a very bright blake. Would it help them? Probably not,

0:18:39.560 --> 0:18:43.280
<v Speaker 4>for the reason that historically in Australia, to change leader

0:18:43.760 --> 0:18:45.800
<v Speaker 4>if there's going to be an argument. There's always got

0:18:45.800 --> 0:18:48.800
<v Speaker 4>to be one standout. I mean we slapped snedd and

0:18:48.880 --> 0:18:53.600
<v Speaker 4>for Fraser Howard Peacock. On labour side, you had you

0:18:53.680 --> 0:18:59.080
<v Speaker 4>had Hawk Keating, et cetera. Rud Gillard on this occasion,

0:18:59.080 --> 0:19:02.200
<v Speaker 4>You've got alban easy in about eight hours, So who

0:19:02.240 --> 0:19:04.080
<v Speaker 4>would be the leader? You're never going to have a

0:19:04.119 --> 0:19:07.479
<v Speaker 4>proper leadership ballot challenge to Albanize, et cetera. When no

0:19:07.520 --> 0:19:10.200
<v Speaker 4>one's got any idea who would take over, they won't

0:19:10.200 --> 0:19:12.360
<v Speaker 4>be able to agree amongst themselves, which means Albo will

0:19:12.600 --> 0:19:15.360
<v Speaker 4>Albau will stay there. That's that's the main problem with changing,

0:19:15.880 --> 0:19:19.040
<v Speaker 4>because there's no one person to gravitate around and labor

0:19:19.080 --> 0:19:20.879
<v Speaker 4>and not going to go through months of arguing about

0:19:21.200 --> 0:19:23.600
<v Speaker 4>you know, which part of which faction should have their

0:19:23.640 --> 0:19:25.639
<v Speaker 4>candidate up against it, and the others will get that,

0:19:26.040 --> 0:19:27.800
<v Speaker 4>you know, get chief stuff and say, well we're not

0:19:28.240 --> 0:19:30.280
<v Speaker 4>if it's not me, I'm still supporting Albo. So the

0:19:30.280 --> 0:19:32.399
<v Speaker 4>whole thing will collapse. So it's not going to happen.

0:19:33.200 --> 0:19:36.840
<v Speaker 4>But you know, there are a couple of people who

0:19:36.840 --> 0:19:37.440
<v Speaker 4>would do better.

0:19:38.359 --> 0:19:41.600
<v Speaker 2>The story is going to rattle alban Eazy, no question. Look,

0:19:41.640 --> 0:19:44.240
<v Speaker 2>I want to turn to Israel and Lebanon now and

0:19:44.520 --> 0:19:49.000
<v Speaker 2>specifically Penny Wong's reaction to the latest developments and quite

0:19:49.119 --> 0:19:53.840
<v Speaker 2>outrageous comments, Patty Wong has wanned that Lebanon cannot become

0:19:54.080 --> 0:19:57.560
<v Speaker 2>the next Gaza. According to a report in The Herald,

0:19:57.720 --> 0:20:00.800
<v Speaker 2>as she said, and I'm quoting Penny Wong, now, the

0:20:00.840 --> 0:20:05.200
<v Speaker 2>global community is clear, this destructive cycle must stop. All

0:20:05.240 --> 0:20:10.119
<v Speaker 2>parties must show restraint and de escalate. Lebanon cannot become

0:20:10.160 --> 0:20:11.080
<v Speaker 2>the next Gaza.

0:20:12.160 --> 0:20:12.400
<v Speaker 10>Now.

0:20:12.480 --> 0:20:15.280
<v Speaker 2>I spoke about Pennywong's approach at length last night and

0:20:15.440 --> 0:20:20.040
<v Speaker 2>the night before. But the Australians cartoonist Johannes Leek summed

0:20:20.080 --> 0:20:22.720
<v Speaker 2>it up in one image. Have a look at this

0:20:22.840 --> 0:20:25.560
<v Speaker 2>and you might have seen it already. And the cartoon says,

0:20:26.040 --> 0:20:28.760
<v Speaker 2>there's a Taiwan representative there saying, will you put in

0:20:28.800 --> 0:20:31.159
<v Speaker 2>a good word for us at the UN Penny and

0:20:31.280 --> 0:20:34.960
<v Speaker 2>Pennywong replies, if you were a quasi state run in

0:20:35.040 --> 0:20:38.320
<v Speaker 2>part by terrorists hell bent on the annihilation of your neighbor,

0:20:38.680 --> 0:20:42.200
<v Speaker 2>and not a peaceful, vibrant democracy, then maybe I could

0:20:42.200 --> 0:20:45.399
<v Speaker 2>help you. I mean, Richo. She does seem to be

0:20:45.480 --> 0:20:49.359
<v Speaker 2>confusing the good guys with the bad guys, doesn't she Oh.

0:20:49.280 --> 0:20:52.120
<v Speaker 10>I think that's a bit harsh. I'm a fan of Pennies.

0:20:52.960 --> 0:20:55.440
<v Speaker 10>You got to remember she came from the left. Sometimes

0:20:55.520 --> 0:20:57.800
<v Speaker 10>it's hard for them the shit at all. All of

0:20:57.840 --> 0:21:01.040
<v Speaker 10>those views, even if they're as crappy as I think

0:21:01.040 --> 0:21:04.760
<v Speaker 10>most of them are, they'll hang on to them. But look,

0:21:04.800 --> 0:21:08.480
<v Speaker 10>she's doing a pretty good job. There's no issue around

0:21:08.840 --> 0:21:11.440
<v Speaker 10>around Pennywong. You don't walk down the street and people

0:21:11.600 --> 0:21:13.080
<v Speaker 10>rush up you and say, gee, you've got to get

0:21:13.160 --> 0:21:15.920
<v Speaker 10>rid of her. It doesn't happen. Penny Wong's as safe

0:21:15.920 --> 0:21:17.200
<v Speaker 10>as houses as they say.

0:21:18.320 --> 0:21:21.119
<v Speaker 2>I couldn't disagree with you more. I think Pennywong is

0:21:21.119 --> 0:21:24.040
<v Speaker 2>the worst foreign minister this country has ever had. She's

0:21:24.160 --> 0:21:29.240
<v Speaker 2>just abandoned long standing bipartisan policy, particularly when it comes

0:21:29.240 --> 0:21:33.120
<v Speaker 2>to our ally Israel. People do on the street talk

0:21:33.160 --> 0:21:37.920
<v Speaker 2>about what about job she's doing. Michael Kroger, Yeah, I

0:21:37.960 --> 0:21:38.480
<v Speaker 2>think she's.

0:21:38.359 --> 0:21:41.200
<v Speaker 4>The worst foreign minister ever. I mean, look, as foreign minister,

0:21:41.240 --> 0:21:43.280
<v Speaker 4>as prime minister, you've got to have some moral clarity.

0:21:44.240 --> 0:21:46.639
<v Speaker 4>You know, Australia is a democratic country. We stand with

0:21:46.680 --> 0:21:50.359
<v Speaker 4>democratic countries. Democracies are hard fought gains and you have

0:21:50.440 --> 0:21:53.639
<v Speaker 4>to defend democracy, and you've got one democracy in the

0:21:53.640 --> 0:21:58.280
<v Speaker 4>Middle East being a sale by terrorists, countries, organizations, et cetera,

0:21:58.560 --> 0:22:00.800
<v Speaker 4>funded by Iran, et cetera. I mean, if you can't

0:22:00.840 --> 0:22:06.679
<v Speaker 4>stand unequivocally with another democracy like Israel, well you know, really,

0:22:07.720 --> 0:22:10.399
<v Speaker 4>you just you're not worthy of being a minister in

0:22:10.440 --> 0:22:13.720
<v Speaker 4>a democratic government in a democratic country like Australia. I

0:22:13.760 --> 0:22:17.359
<v Speaker 4>think Wong's performance has been not just disgraceful, I just

0:22:17.400 --> 0:22:19.480
<v Speaker 4>think it's been discussing and as I've said, he before

0:22:19.560 --> 0:22:21.200
<v Speaker 4>she was in Israel at the same time I was

0:22:21.240 --> 0:22:23.680
<v Speaker 4>there in January, and she wouldn't visit Kafar as Are,

0:22:23.760 --> 0:22:26.560
<v Speaker 4>she wouldn't visit the Nova Music Festival. She went to

0:22:26.640 --> 0:22:31.280
<v Speaker 4>Ramala and Jerusalem. Wong has no moral clarity on this

0:22:31.359 --> 0:22:35.280
<v Speaker 4>at all. I think she's been disgraceful. And what another

0:22:35.320 --> 0:22:39.560
<v Speaker 4>Gaza hang on Hesbla have been firing rockets into Israel

0:22:39.640 --> 0:22:42.920
<v Speaker 4>four years and eight or nine thousand of them since

0:22:43.040 --> 0:22:46.399
<v Speaker 4>October seven. What do you think Australia would put up

0:22:46.400 --> 0:22:50.120
<v Speaker 4>with someone nearby if there was someone firing rockets, you know,

0:22:50.640 --> 0:22:53.000
<v Speaker 4>really nearly into Sydney or Melbourne or Adelaide or Perth and

0:22:53.040 --> 0:22:55.159
<v Speaker 4>not I mean, there's a point at which Israel had

0:22:55.200 --> 0:22:57.320
<v Speaker 4>to defend itself and they've drawn the line in the

0:22:57.359 --> 0:23:00.119
<v Speaker 4>sand now and there's nothing else Israel can do that

0:23:00.160 --> 0:23:02.119
<v Speaker 4>defend itself, and they're doing exactly what they need to

0:23:02.160 --> 0:23:03.240
<v Speaker 4>do and should do.

0:23:03.520 --> 0:23:05.040
<v Speaker 2>That's true, It's.

0:23:04.560 --> 0:23:07.440
<v Speaker 4>Wrong again, as she is on every occasion.

0:23:08.000 --> 0:23:11.639
<v Speaker 2>Completely agree. Well said, Well done, Michael Kroger. But Richo,

0:23:12.760 --> 0:23:16.240
<v Speaker 2>what about what Michael Kroger just said is wrong? I mean,

0:23:16.359 --> 0:23:21.240
<v Speaker 2>Israel is dealing with almost daily rocket attacks from Hasbela.

0:23:21.440 --> 0:23:24.399
<v Speaker 2>Twelve children were killed. I'm going to speak to the

0:23:24.440 --> 0:23:26.439
<v Speaker 2>mother of one of them a bit later in the show.

0:23:26.840 --> 0:23:29.600
<v Speaker 2>Why should it put up with this? Eighty thousand families

0:23:29.600 --> 0:23:31.000
<v Speaker 2>have had to leave their homes.

0:23:31.800 --> 0:23:33.280
<v Speaker 6>I'm not saying it should.

0:23:34.320 --> 0:23:37.600
<v Speaker 10>Sometimes you've got to disagree with where your party is going.

0:23:38.440 --> 0:23:42.040
<v Speaker 10>I've always been and always will be rock solid on

0:23:42.600 --> 0:23:46.399
<v Speaker 10>standing with Israel. I'm not going to be altering that

0:23:46.520 --> 0:23:48.040
<v Speaker 10>stance one iota.

0:23:48.160 --> 0:23:50.560
<v Speaker 2>So then you can't think Pennywong's doing a good job

0:23:50.560 --> 0:23:51.800
<v Speaker 2>as Foreign minister, then.

0:23:52.480 --> 0:23:55.280
<v Speaker 10>Well, I think she's doing a great job as Foreign minister.

0:23:55.680 --> 0:24:00.199
<v Speaker 10>With one exception you can think that that's legitimate is

0:24:00.240 --> 0:24:01.040
<v Speaker 10>the middle legs.

0:24:00.960 --> 0:24:04.520
<v Speaker 4>She hasn't been to lunch with you at Catalina's, rich O, No,

0:24:04.640 --> 0:24:05.280
<v Speaker 4>she hasn't.

0:24:06.880 --> 0:24:08.960
<v Speaker 2>Have you Michael or you are you the what about

0:24:08.960 --> 0:24:10.760
<v Speaker 2>you are? You're the only one who hasn't been on

0:24:10.800 --> 0:24:11.520
<v Speaker 2>set right now?

0:24:12.359 --> 0:24:14.840
<v Speaker 4>Well, Richard, Richo and I meant to be having lunch,

0:24:14.880 --> 0:24:16.280
<v Speaker 4>but he told me he was going to take me

0:24:16.320 --> 0:24:18.720
<v Speaker 4>to a Chinese restaurant, which I mean, nothing wrong with Catalina's,

0:24:18.760 --> 0:24:21.240
<v Speaker 4>but the Chinese restaurant, and they are in near Sussex Street.

0:24:21.280 --> 0:24:23.000
<v Speaker 4>You're old, You're old, stamping ground.

0:24:23.200 --> 0:24:25.440
<v Speaker 2>Shut didn't go through an entry shut down.

0:24:26.560 --> 0:24:30.000
<v Speaker 10>Yeah, but across the road that's got a sister a road.

0:24:30.080 --> 0:24:30.639
<v Speaker 6>Don't worry.

0:24:31.040 --> 0:24:33.280
<v Speaker 2>Okay, as long as you do have your lunch sorted,

0:24:33.680 --> 0:24:35.879
<v Speaker 2>we can get on with the show, all right. Michael, Croagan,

0:24:35.960 --> 0:24:40.000
<v Speaker 2>Gray and Richardson, thank you so much. Now let's turn

0:24:40.040 --> 0:24:41.960
<v Speaker 2>to the big news of the week that the A

0:24:42.119 --> 0:24:46.040
<v Speaker 2>Triple C has launched legal action against Coles and wool Wars.

0:24:46.400 --> 0:24:49.680
<v Speaker 2>The supermarkets are now scrambling to try and gain back

0:24:49.720 --> 0:24:52.720
<v Speaker 2>the trust of customers. Now, if the A Triple C's

0:24:52.760 --> 0:24:57.880
<v Speaker 2>allegations are true, it is without question misleading and manipulative behavior,

0:24:58.040 --> 0:25:01.960
<v Speaker 2>especially during a cost of living crisis. But to make

0:25:02.000 --> 0:25:04.800
<v Speaker 2>the scandal even worse, former chairman of the A Triple C,

0:25:05.000 --> 0:25:09.640
<v Speaker 2>Alan Fell's points out that the prices that were temporarily

0:25:09.760 --> 0:25:14.320
<v Speaker 2>increased before being discounted, but discounted to prices well above

0:25:14.359 --> 0:25:19.520
<v Speaker 2>their original level were household staples like wheatbigs and noodles.

0:25:20.000 --> 0:25:22.800
<v Speaker 2>And I'm pleased to say that the farmer. A Triple

0:25:22.840 --> 0:25:25.679
<v Speaker 2>C chair Alan Fells joins me. Now, Allan, thank you

0:25:25.800 --> 0:25:29.040
<v Speaker 2>very much for your time this evening. Now, firstly, what

0:25:29.200 --> 0:25:33.800
<v Speaker 2>is your You did a lot of work on price

0:25:33.880 --> 0:25:37.280
<v Speaker 2>gouging of the supermarkets. What's your reaction to this new

0:25:37.400 --> 0:25:40.879
<v Speaker 2>case by the A Triple C against Coals and Woolworths.

0:25:42.960 --> 0:25:48.159
<v Speaker 5>Well, they've obviously got a very strong case. They've got

0:25:48.600 --> 0:25:53.440
<v Speaker 5>a lot of information from consumers and the Internet. And

0:25:53.480 --> 0:25:58.120
<v Speaker 5>then under the law, Coles and Woolies, having made their

0:25:58.240 --> 0:26:02.600
<v Speaker 5>claims about discounts, have to be able to substantiate them.

0:26:03.480 --> 0:26:04.440
<v Speaker 1>I don't think.

0:26:04.560 --> 0:26:07.439
<v Speaker 5>Cos and Woolies will be able to come up with

0:26:07.840 --> 0:26:11.119
<v Speaker 5>any evidence that is helpful to them. On the contrary,

0:26:11.760 --> 0:26:15.800
<v Speaker 5>the opposite to me, it's a rather clear breach of

0:26:15.880 --> 0:26:19.919
<v Speaker 5>the law, likely to be upheld by the courts and

0:26:20.200 --> 0:26:23.040
<v Speaker 5>likely to result in high funds.

0:26:24.200 --> 0:26:27.919
<v Speaker 2>Now, if it is, you know, in many cases it

0:26:27.960 --> 0:26:32.000
<v Speaker 2>was obvious to consumers that this practice was happening. How

0:26:32.080 --> 0:26:36.000
<v Speaker 2>is it possible that wiol Wars and Cole's directors senior

0:26:36.080 --> 0:26:39.399
<v Speaker 2>managers wouldn't have known about this. Do you think that

0:26:39.480 --> 0:26:42.080
<v Speaker 2>this is an issue that there should be scrutiny on

0:26:42.160 --> 0:26:44.359
<v Speaker 2>what they knew.

0:26:44.680 --> 0:26:47.040
<v Speaker 1>Yes, it's a very good point.

0:26:47.520 --> 0:26:51.440
<v Speaker 5>As you said, if consumers knew about it, if you'd

0:26:51.440 --> 0:26:54.359
<v Speaker 5>look up the internet and prove it, I would have

0:26:54.400 --> 0:26:59.560
<v Speaker 5>thought any director, any senior manager worth their salt, would

0:26:59.640 --> 0:27:03.520
<v Speaker 5>know at it. I mean, as a minimum, surely they

0:27:03.520 --> 0:27:07.640
<v Speaker 5>would have asked, hey, we sell all these big, down, down,

0:27:07.760 --> 0:27:13.280
<v Speaker 5>down price campaigns. Are they affecting our profits or not?

0:27:14.280 --> 0:27:17.480
<v Speaker 5>And it seems that they didn't because they weren't really

0:27:17.960 --> 0:27:23.920
<v Speaker 5>reducing their prices, So I am. And the behavior went

0:27:23.960 --> 0:27:28.439
<v Speaker 5>on for well every year, probably much longer. It was

0:27:28.520 --> 0:27:36.160
<v Speaker 5>systematic because across numerous product product categories. So it's hard

0:27:36.240 --> 0:27:41.560
<v Speaker 5>to see how senior executives and indeed members of the

0:27:41.600 --> 0:27:46.199
<v Speaker 5>board didn't know and didn't know that. This is a

0:27:46.359 --> 0:27:52.439
<v Speaker 5>standard illegality under the consumer law. It's mentioned even if

0:27:52.480 --> 0:27:56.679
<v Speaker 5>you do high school consumer law. This is one of

0:27:56.720 --> 0:28:01.680
<v Speaker 5>the behaviors that's cited off and false discounts.

0:28:02.640 --> 0:28:06.080
<v Speaker 2>Do you think there should be some accountability for them

0:28:06.480 --> 0:28:08.960
<v Speaker 2>personally if it's found that they did know.

0:28:12.240 --> 0:28:17.400
<v Speaker 5>Yes, the competition and consumer law is quite clear that

0:28:18.080 --> 0:28:25.520
<v Speaker 5>people who in a business that participate or simply help

0:28:25.840 --> 0:28:31.160
<v Speaker 5>or know about aid and abent some behavior, they're liable.

0:28:31.800 --> 0:28:36.120
<v Speaker 5>So I think consideration should be given to taking out

0:28:36.840 --> 0:28:40.200
<v Speaker 5>liability and the form of fines and so on to

0:28:40.520 --> 0:28:46.360
<v Speaker 5>individuals who were knowingly involved, no matter what their level

0:28:46.400 --> 0:28:47.080
<v Speaker 5>in the business.

0:28:48.120 --> 0:28:50.320
<v Speaker 2>Do you think that is something the HP will see

0:28:50.360 --> 0:28:53.480
<v Speaker 2>The current leadership there would be considering.

0:28:55.560 --> 0:29:00.440
<v Speaker 5>Well, they've done it in other cases. I also think

0:29:00.480 --> 0:29:04.800
<v Speaker 5>that they're now in a position where a lot more

0:29:04.840 --> 0:29:08.440
<v Speaker 5>information will have to be provided to them by Cole's

0:29:08.520 --> 0:29:15.400
<v Speaker 5>and Woolli's, and that information may bring out individual culpability.

0:29:16.640 --> 0:29:19.880
<v Speaker 2>That's quite strong, comments former chair of the HP c

0:29:20.040 --> 0:29:23.680
<v Speaker 2>Alan Fels, joining us now saying that if senior management

0:29:23.680 --> 0:29:26.800
<v Speaker 2>at Cole's or Willwards knew about this, then they should

0:29:26.840 --> 0:29:30.440
<v Speaker 2>be personally liable and accountable and even face fines as well.

0:29:31.400 --> 0:29:34.240
<v Speaker 2>Do you think that if this is proven and it

0:29:34.280 --> 0:29:37.040
<v Speaker 2>looks like it would because the case is so strong,

0:29:37.080 --> 0:29:39.440
<v Speaker 2>the figures are so clear cut. Do you think the

0:29:39.560 --> 0:29:43.160
<v Speaker 2>fines would have to be so large to deter the

0:29:43.240 --> 0:29:46.720
<v Speaker 2>companies and others like it from engaging in this sort

0:29:46.720 --> 0:29:47.840
<v Speaker 2>of conduct in the future.

0:29:50.160 --> 0:29:53.560
<v Speaker 5>In short, yes, And I just go back on one

0:29:53.640 --> 0:29:58.080
<v Speaker 5>point that very often when they're caught doing this, companies

0:29:58.200 --> 0:30:02.640
<v Speaker 5>just cave in agreeance happen, get the thing into court

0:30:02.760 --> 0:30:08.240
<v Speaker 5>settled quickly. I just see some signs of reluctance by

0:30:08.320 --> 0:30:12.280
<v Speaker 5>Coles and Woolies to do that, and I suspect it's

0:30:12.320 --> 0:30:16.840
<v Speaker 5>because not because they're worried about fines, but because of

0:30:17.040 --> 0:30:24.120
<v Speaker 5>individual liability. The top people probably very unwilling to just

0:30:24.240 --> 0:30:27.480
<v Speaker 5>walk into court with that around their neck. But on

0:30:27.520 --> 0:30:33.120
<v Speaker 5>your biggot point, I think it's obvious if the claims

0:30:33.320 --> 0:30:37.720
<v Speaker 5>hold up, that there will be very large fines for

0:30:37.840 --> 0:30:41.960
<v Speaker 5>the businesses because the business is tender. Regard it as

0:30:42.000 --> 0:30:42.720
<v Speaker 5>a cost.

0:30:42.480 --> 0:30:43.440
<v Speaker 6>Of doing business.

0:30:44.000 --> 0:30:45.480
<v Speaker 4>We're going to do something.

0:30:45.920 --> 0:30:52.040
<v Speaker 5>Very profitable, there's a low cost, low probability of being caught,

0:30:53.000 --> 0:30:56.840
<v Speaker 5>and the fines aren't that big, so our calculus is

0:30:57.320 --> 0:31:00.959
<v Speaker 5>it's worth taking the risk. Now, recently the law was

0:31:01.080 --> 0:31:06.200
<v Speaker 5>changed that a court in setting a fine can take

0:31:06.320 --> 0:31:12.680
<v Speaker 5>into account this cost of doing business. Psychology and set

0:31:13.000 --> 0:31:17.040
<v Speaker 5>a really high fine. That means that companies will pay

0:31:17.160 --> 0:31:20.520
<v Speaker 5>so much that they have to take real notice of

0:31:22.840 --> 0:31:23.600
<v Speaker 5>breaking the law.

0:31:23.760 --> 0:31:26.400
<v Speaker 2>Yeah, and they'd have to change practices, so potentially hundreds

0:31:26.400 --> 0:31:30.920
<v Speaker 2>of millions of dollars presumably, Alan Fell's really appreciate your

0:31:30.960 --> 0:31:34.840
<v Speaker 2>time and insights tonight. Thank you. Now still to come.

0:31:34.960 --> 0:31:37.920
<v Speaker 2>We thought the pandemic made us miserable, but according to

0:31:38.000 --> 0:31:41.160
<v Speaker 2>new analysis, we are now more miserable. I'll tell you

0:31:41.240 --> 0:31:44.280
<v Speaker 2>I a little later, plus two months on from the

0:31:44.360 --> 0:31:48.360
<v Speaker 2>horrific Gollen Heights attack, and the community is still really

0:31:48.840 --> 0:31:53.440
<v Speaker 2>mourning the twelve Israeli Drew's children who were killed by Hesblah.

0:31:53.600 --> 0:31:56.000
<v Speaker 2>I'm going to speak right after the break with one

0:31:56.040 --> 0:31:59.440
<v Speaker 2>of the mothers who lost her little girl. Stay tuned,

0:32:04.120 --> 0:32:07.480
<v Speaker 2>welcome back. Well, no one knows more about the threat

0:32:07.480 --> 0:32:11.160
<v Speaker 2>of Hesbela than the parents of the twelve children who

0:32:11.200 --> 0:32:15.000
<v Speaker 2>were happily playing soccer when they were massacred. A Hesbela

0:32:15.120 --> 0:32:21.400
<v Speaker 2>strike killed these beautiful twelve young children and injured twenty others.

0:32:22.240 --> 0:32:25.440
<v Speaker 2>The mother I'm about to speak with had three children

0:32:25.640 --> 0:32:29.760
<v Speaker 2>outdoors playing on the day the Hesbela strike hit. Here

0:32:29.920 --> 0:32:33.760
<v Speaker 2>was how that missile hit her community in marj Del

0:32:33.880 --> 0:32:35.440
<v Speaker 2>Charms in northern Israel.

0:32:37.440 --> 0:32:42.760
<v Speaker 8>W Hey Hey and me.

0:32:45.600 --> 0:32:50.000
<v Speaker 2>And her daughter Alma was among the twelve young children killed.

0:32:50.800 --> 0:32:55.400
<v Speaker 2>Nayala fakr Alden joins me. Now, Nayella, firstly, we are

0:32:55.480 --> 0:33:00.280
<v Speaker 2>so terribly sorry for your lost such an unnecessary tragedy day,

0:33:00.760 --> 0:33:03.920
<v Speaker 2>and thank you for having the courage to speak about

0:33:03.960 --> 0:33:06.920
<v Speaker 2>this just a couple of months later. Can you take

0:33:07.040 --> 0:33:10.480
<v Speaker 2>us back to July twenty seven and what happened that day.

0:33:12.480 --> 0:33:15.480
<v Speaker 9>Thank you sheriff for having me in the meeting, and

0:33:15.800 --> 0:33:21.400
<v Speaker 9>thank you for your condolences. I appreciate a lot, and

0:33:22.160 --> 0:33:29.160
<v Speaker 9>I wish none of us will will live like this experience.

0:33:29.240 --> 0:33:32.080
<v Speaker 9>It's really hard to express.

0:33:31.680 --> 0:33:32.320
<v Speaker 2>And hard to.

0:33:34.600 --> 0:33:40.240
<v Speaker 9>Talk about it. On the Saturday on July twenty seventh,

0:33:42.040 --> 0:33:46.640
<v Speaker 9>a tragedy had been that that might can hardly comprehend.

0:33:47.040 --> 0:33:50.320
<v Speaker 9>It claimed the lives of twelve angels. There are ages

0:33:50.480 --> 0:33:54.800
<v Speaker 9>between ten and sixteen years old. On the day, everything

0:33:55.120 --> 0:34:01.200
<v Speaker 9>was normal. In the morning. I brought her breakfast, kissed

0:34:01.240 --> 0:34:04.920
<v Speaker 9>her and woke her up. She told me, Mom, I

0:34:04.960 --> 0:34:09.640
<v Speaker 9>feel like having a breakfast in the balcony, and that's

0:34:09.680 --> 0:34:14.600
<v Speaker 9>exactly what we did. Later that day, I was attending

0:34:14.760 --> 0:34:16.680
<v Speaker 9>in relatives, wedding.

0:34:16.640 --> 0:34:17.760
<v Speaker 14>And our house.

0:34:17.960 --> 0:34:22.600
<v Speaker 9>Their house actually had a view of my se chance. Suddenly,

0:34:23.400 --> 0:34:27.080
<v Speaker 9>the warning seriens went on and a few seconds later

0:34:28.480 --> 0:34:33.640
<v Speaker 9>the exeplusion occurred. I felt like the explosion happened in

0:34:33.680 --> 0:34:34.680
<v Speaker 9>my heart.

0:34:36.360 --> 0:34:40.919
<v Speaker 2>You could feels so instinctively feel like it was something worse.

0:34:42.520 --> 0:34:45.479
<v Speaker 9>Sure, I'm talking to you right now, and I feel

0:34:45.840 --> 0:34:50.000
<v Speaker 9>the beating of my heart. It's really something hard to

0:34:52.360 --> 0:34:54.160
<v Speaker 9>leave it again, It's really hard.

0:34:54.360 --> 0:34:58.520
<v Speaker 2>I'm sorry, sorry, thank you for reliving it again to

0:34:58.560 --> 0:34:59.400
<v Speaker 2>share the story.

0:35:01.360 --> 0:35:03.840
<v Speaker 9>I have to because I have a message for Alma

0:35:04.000 --> 0:35:08.440
<v Speaker 9>to reach her voice to the whole world. Alma and

0:35:08.480 --> 0:35:12.400
<v Speaker 9>the others. Of course, I immediately started running and crying,

0:35:12.520 --> 0:35:18.160
<v Speaker 9>not knowing why I started running. And I know my children,

0:35:18.239 --> 0:35:21.320
<v Speaker 9>Ryan and Eleanne were at the field. So Ryanne called

0:35:21.360 --> 0:35:24.560
<v Speaker 9>me and said, Mom, we are okay, don't worry about us.

0:35:24.880 --> 0:35:29.160
<v Speaker 9>He also spoke to her to his father and reassure

0:35:29.280 --> 0:35:32.800
<v Speaker 9>him that they are okay. But my heart keep bounding

0:35:32.880 --> 0:35:35.680
<v Speaker 9>and the tears keeped falling, and I don't know why.

0:35:35.840 --> 0:35:41.040
<v Speaker 9>I called Alma to check on her. Alma didn't answer.

0:35:41.160 --> 0:35:48.000
<v Speaker 9>I thought that she as usual, dancing, sleeping, watching movie.

0:35:48.239 --> 0:35:53.239
<v Speaker 9>So I went down to my house downstairs to the

0:35:53.320 --> 0:35:57.320
<v Speaker 9>second floor. I opened the first room, There's no Alma.

0:35:58.200 --> 0:36:03.920
<v Speaker 9>The second room, Alma on the roof, No Alma. There

0:36:04.000 --> 0:36:08.320
<v Speaker 9>was no Alma. I hobely wanted to hear her voice.

0:36:08.520 --> 0:36:12.000
<v Speaker 9>Tell me, Mom, I'm here, don't worry. I am afraid,

0:36:12.040 --> 0:36:15.359
<v Speaker 9>but I am not here. I am There was no

0:36:15.440 --> 0:36:17.560
<v Speaker 9>answer there. There was no Alma here.

0:36:18.960 --> 0:36:22.520
<v Speaker 2>So how did you learn that beautiful Alma was among

0:36:22.560 --> 0:36:23.640
<v Speaker 2>those he'd been killed?

0:36:25.640 --> 0:36:30.239
<v Speaker 9>I called Aman, my husband, and I told him I

0:36:30.280 --> 0:36:33.719
<v Speaker 9>am an Alma isn't answering, and Alma isn't at home.

0:36:34.280 --> 0:36:37.719
<v Speaker 9>He told me he had arrived to the to the blackground.

0:36:39.800 --> 0:36:42.879
<v Speaker 9>I went down to the blackground also and asked about her.

0:36:42.960 --> 0:36:46.120
<v Speaker 9>They told me there there were no girls among the

0:36:46.200 --> 0:36:50.440
<v Speaker 9>victims at the moment. I was calling her all the time,

0:36:50.920 --> 0:36:54.880
<v Speaker 9>but she still wasn't answering. One time, I can remember

0:36:55.000 --> 0:36:59.320
<v Speaker 9>that her phone rang and was busy, so I felt

0:36:59.360 --> 0:37:04.239
<v Speaker 9>a little comfortable that maybe she's talking to someone else.

0:37:04.280 --> 0:37:06.560
<v Speaker 9>But no, no, no, my heart tell me something else

0:37:06.600 --> 0:37:12.200
<v Speaker 9>that if she could call someone, she's going to call

0:37:12.280 --> 0:37:17.320
<v Speaker 9>me first. At this time, I'm arrived to the field

0:37:17.440 --> 0:37:22.520
<v Speaker 9>and was carrying her his Elma and his arms. I

0:37:22.560 --> 0:37:26.920
<v Speaker 9>waited a bit and went to that clinic mini hospital

0:37:27.000 --> 0:37:30.719
<v Speaker 9>in my town. They told me she was in one

0:37:30.760 --> 0:37:34.120
<v Speaker 9>of the rooms. Actually, I told them I wanted to

0:37:35.040 --> 0:37:39.719
<v Speaker 9>go and I was ready for any possibility, but just

0:37:39.840 --> 0:37:44.840
<v Speaker 9>needed to be by her side, telling her I'm here, mom,

0:37:45.040 --> 0:37:51.000
<v Speaker 9>I'm holding her hand and comforting her. Unfortunately, everyone knew,

0:37:51.480 --> 0:37:55.440
<v Speaker 9>everyone know, but no one had the carriage to tell

0:37:55.480 --> 0:38:00.759
<v Speaker 9>me that she's gone. Its so one of my ilities, yes, yes,

0:38:00.960 --> 0:38:03.920
<v Speaker 9>one of the of my relatives took my hand and

0:38:04.080 --> 0:38:08.120
<v Speaker 9>tell me, you have to be strong. Then I was shocked,

0:38:08.640 --> 0:38:10.720
<v Speaker 9>and I know that something bad happened.

0:38:11.840 --> 0:38:13.200
<v Speaker 2>I saw her, Sherry, I.

0:38:13.160 --> 0:38:17.200
<v Speaker 9>Saw my angel. She was living like an angel, with

0:38:17.320 --> 0:38:21.719
<v Speaker 9>her beautiful face like she used to just sleep the

0:38:21.880 --> 0:38:25.760
<v Speaker 9>same way. I started to cry a lot, to cry

0:38:25.800 --> 0:38:28.239
<v Speaker 9>and to cry and cry. But I remember very well

0:38:28.280 --> 0:38:34.800
<v Speaker 9>that I pray for her and telled her that I wish,

0:38:35.120 --> 0:38:39.000
<v Speaker 9>I wish my prayers that God have mercy on her

0:38:39.200 --> 0:38:42.120
<v Speaker 9>and send you and send you kind.

0:38:41.960 --> 0:38:44.320
<v Speaker 14>Souls just like the way you were to us.

0:38:44.960 --> 0:38:48.319
<v Speaker 9>Kissed her and tell her God gives us and God

0:38:48.440 --> 0:38:50.920
<v Speaker 9>takes from us. We accept our destiny.

0:38:52.040 --> 0:38:57.120
<v Speaker 2>Nailah, really beautiful. Yes, I'm so so sorry you have

0:38:57.280 --> 0:39:01.480
<v Speaker 2>been through this with sending all our love to you

0:39:02.200 --> 0:39:05.319
<v Speaker 2>in northern Israel. I don't know how you continue on

0:39:05.400 --> 0:39:07.920
<v Speaker 2>as a mother to two other children with what's happened

0:39:07.920 --> 0:39:12.560
<v Speaker 2>to your daughter, Alma. There's no reason for this tragedy,

0:39:12.640 --> 0:39:16.200
<v Speaker 2>no reason for the Hasbelas strike, and we just send

0:39:16.239 --> 0:39:18.640
<v Speaker 2>you all of our love and all of our prayers

0:39:18.680 --> 0:39:22.160
<v Speaker 2>and strength to keep going. Thank you very much for

0:39:22.400 --> 0:39:25.200
<v Speaker 2>speaking out tonight. I can see how difficult it is.

0:39:25.280 --> 0:39:27.160
<v Speaker 14>Thank you, Thank you.

0:39:29.920 --> 0:39:32.239
<v Speaker 2>This is what they're dealing with in Israel. And by

0:39:32.320 --> 0:39:35.480
<v Speaker 2>the way, Nayala is from the Juruis community, not Jewish.

0:39:35.520 --> 0:39:37.799
<v Speaker 2>By the way, this is affecting all of Israel, and

0:39:37.880 --> 0:39:41.080
<v Speaker 2>yet the international community says Israel should just put up

0:39:41.080 --> 0:39:44.040
<v Speaker 2>with this and shouldn't fight back against Hezbela try and

0:39:44.080 --> 0:39:46.640
<v Speaker 2>remove the threat. I mean, this is why it's important

0:39:46.680 --> 0:39:50.320
<v Speaker 2>to bring these interviews to you now after the break,

0:39:50.400 --> 0:39:53.520
<v Speaker 2>how Labor is reacting to today's inflation data and what

0:39:53.600 --> 0:39:56.799
<v Speaker 2>it means for the upcoming election. My political panel will

0:39:56.880 --> 0:40:07.040
<v Speaker 2>join me next right, plenty more to get through tonight.

0:40:07.120 --> 0:40:10.360
<v Speaker 2>Let's bring in our political panel, Labor MP Daniel Malino

0:40:10.600 --> 0:40:14.080
<v Speaker 2>and Liberal MP Andrew Wallace. Welcome to you both. Look,

0:40:14.160 --> 0:40:17.839
<v Speaker 2>let's turn to today's inflation data falling to two point

0:40:17.880 --> 0:40:22.480
<v Speaker 2>seven percent. Daniel, there is criticism that this is just

0:40:22.680 --> 0:40:25.239
<v Speaker 2>a temporary drop. What's your response to this.

0:40:27.880 --> 0:40:30.160
<v Speaker 1>Well, Hi Sharian, thanks for having me on.

0:40:30.560 --> 0:40:32.600
<v Speaker 8>So look, I think it is welcome that the headline

0:40:32.640 --> 0:40:35.600
<v Speaker 8>inflation number came down, But the number that I actually

0:40:35.680 --> 0:40:38.880
<v Speaker 8>looked at first was what happened to the trimmed mean inflation.

0:40:38.960 --> 0:40:41.640
<v Speaker 8>And as we all know, the RBA is really focused

0:40:41.680 --> 0:40:45.439
<v Speaker 8>on core or underlying inflation, and that dropped from three

0:40:45.480 --> 0:40:48.279
<v Speaker 8>point eight to three point four. And indeed, if you

0:40:48.280 --> 0:40:50.080
<v Speaker 8>look at the last couple of months, it came down

0:40:50.120 --> 0:40:52.600
<v Speaker 8>from four point one in June to three point eight

0:40:52.680 --> 0:40:54.160
<v Speaker 8>last month to three point four.

0:40:54.440 --> 0:40:55.560
<v Speaker 1>So the trajectory is good.

0:40:55.560 --> 0:40:58.520
<v Speaker 8>Now, of course you've got to be careful with monthly readings,

0:40:58.840 --> 0:41:01.400
<v Speaker 8>but we're seeing core inl heading in the right direction

0:41:01.480 --> 0:41:04.200
<v Speaker 8>and getting close to that two to three band, and

0:41:04.239 --> 0:41:07.400
<v Speaker 8>that's really what the RBA is focused on. And the

0:41:07.480 --> 0:41:10.520
<v Speaker 8>RBA is said all along that its interest rate rises

0:41:10.560 --> 0:41:13.680
<v Speaker 8>are having an impact, but also that the government surpluses

0:41:13.719 --> 0:41:16.600
<v Speaker 8>are helping in this fight against inflation. The fight against

0:41:16.640 --> 0:41:19.920
<v Speaker 8>inflation is the number one economic priority, and I think

0:41:19.920 --> 0:41:22.440
<v Speaker 8>today's numbers reflect the fact that the Government and the

0:41:22.560 --> 0:41:25.640
<v Speaker 8>RBA are working together and that we're on the right path.

0:41:26.440 --> 0:41:29.160
<v Speaker 2>Andrew Wallace, do you give the government credit for the

0:41:29.200 --> 0:41:32.640
<v Speaker 2>fact that the underlying inflation has come down from three

0:41:32.719 --> 0:41:34.240
<v Speaker 2>point eight to three point four percent.

0:41:36.120 --> 0:41:39.600
<v Speaker 15>Well, it's good that the headline inflation has come down

0:41:39.640 --> 0:41:42.360
<v Speaker 15>to three point four percent, But Michelle Bullock has bilt

0:41:42.400 --> 0:41:46.000
<v Speaker 15>the cap. She's consistently said that, look, it doesn't matter

0:41:46.040 --> 0:41:51.000
<v Speaker 15>what sort of measures that Jim Chalmers is putting in

0:41:51.000 --> 0:41:54.000
<v Speaker 15>as temporary measures to try and get a sugar hit.

0:41:54.440 --> 0:41:59.239
<v Speaker 15>She's looking to see those inflation levels come down and

0:41:59.320 --> 0:42:04.400
<v Speaker 15>stay down. And she herself has said that one swallow

0:42:04.440 --> 0:42:08.560
<v Speaker 15>does not make a spring, and this reduction just in

0:42:08.600 --> 0:42:10.919
<v Speaker 15>the last couple of months is not giving her any

0:42:11.040 --> 0:42:16.440
<v Speaker 15>comfort that it's going to stay down. So it's pretty

0:42:16.520 --> 0:42:19.640
<v Speaker 15>clear from Michelle Bollyoke that she's not going to move

0:42:20.480 --> 0:42:24.280
<v Speaker 15>on a reduction of interest rates anytime soon, because clearly

0:42:24.360 --> 0:42:29.239
<v Speaker 15>she is concerned about that sugar hip that we may

0:42:29.280 --> 0:42:30.560
<v Speaker 15>be experiencing right now.

0:42:31.320 --> 0:42:34.600
<v Speaker 2>Well, there's new research that says that Australians haven't been

0:42:34.640 --> 0:42:37.640
<v Speaker 2>so miserable in over a decade. This is called the

0:42:37.680 --> 0:42:41.279
<v Speaker 2>misery index and it measures inflation's interest rates, unemployment and

0:42:41.360 --> 0:42:44.799
<v Speaker 2>other factors to then determine the national mood, and it

0:42:44.840 --> 0:42:47.319
<v Speaker 2>says that we're living through the most protracted period of

0:42:47.360 --> 0:42:53.799
<v Speaker 2>economic misery since twenty eleven. Daniel, you know you don't

0:42:53.800 --> 0:42:56.400
<v Speaker 2>really need research to know that families are doing it

0:42:56.480 --> 0:42:57.440
<v Speaker 2>tough at the moment.

0:43:00.040 --> 0:43:01.800
<v Speaker 8>Well, exactly, I was going to say, Shari, Look, I

0:43:01.880 --> 0:43:04.560
<v Speaker 8>remember the misery index from back when I was both

0:43:04.560 --> 0:43:06.960
<v Speaker 8>an undergraduate and when I was teaching economics, and we

0:43:07.040 --> 0:43:10.360
<v Speaker 8>used to have a simple misery index which was unemployment

0:43:10.400 --> 0:43:13.160
<v Speaker 8>plus inflation. But as you say, look, I don't think

0:43:13.239 --> 0:43:16.560
<v Speaker 8>either I, nor Andrew nor other members of parliament or

0:43:16.600 --> 0:43:18.480
<v Speaker 8>members of the community need that index to.

0:43:18.440 --> 0:43:20.440
<v Speaker 1>Know that people are doing it tough.

0:43:20.840 --> 0:43:23.960
<v Speaker 8>But just going back to a comment I made previously,

0:43:24.000 --> 0:43:27.840
<v Speaker 8>that's why fighting inflation is so critical, because high inflation

0:43:28.440 --> 0:43:33.239
<v Speaker 8>is going to be the most damaging economic phenomenon for

0:43:33.320 --> 0:43:37.919
<v Speaker 8>people's quality of life. So it's imperative that we bring

0:43:37.960 --> 0:43:40.600
<v Speaker 8>inflation back to the two to three percent band. But

0:43:40.640 --> 0:43:42.840
<v Speaker 8>also when you think about the misery index, which is

0:43:42.840 --> 0:43:45.880
<v Speaker 8>inflation and unemployment, what we're trying to do is to

0:43:45.880 --> 0:43:50.360
<v Speaker 8>bring inflation down with the minimum increase in unemployment possible.

0:43:50.920 --> 0:43:53.080
<v Speaker 8>So I think we have seen a lot of progress

0:43:53.120 --> 0:43:56.400
<v Speaker 8>on inflation, and while there is a lot of difficulty

0:43:56.400 --> 0:43:59.600
<v Speaker 8>out in the community, I would simply say that it's

0:43:59.600 --> 0:44:02.600
<v Speaker 8>a good thing that unemployment hasn't risen as much as

0:44:02.640 --> 0:44:04.200
<v Speaker 8>many forecasts had predicted.

0:44:04.280 --> 0:44:06.640
<v Speaker 1>So people are doing it tough.

0:44:06.880 --> 0:44:08.960
<v Speaker 8>That's why we've put in place so many cost of

0:44:09.000 --> 0:44:12.960
<v Speaker 8>living measures, which often the opposition criticized but won't tell

0:44:13.000 --> 0:44:15.279
<v Speaker 8>us which ones they'd get rid of. But people are

0:44:15.280 --> 0:44:15.920
<v Speaker 8>doing it tough.

0:44:16.320 --> 0:44:18.879
<v Speaker 2>But Andrew, I mean, the reality is it doesn't look

0:44:19.040 --> 0:44:22.240
<v Speaker 2>like inflation is going to come down to the target

0:44:22.320 --> 0:44:28.400
<v Speaker 2>band until at least the end of next year twenty six. Well, yes, exactly,

0:44:28.400 --> 0:44:30.399
<v Speaker 2>So we're not looking at a rate cut anytime soon.

0:44:32.239 --> 0:44:36.360
<v Speaker 15>No, and Shari, as I make my way around electorate

0:44:36.360 --> 0:44:38.920
<v Speaker 15>and in fact I was up in North Queensland yesterday

0:44:38.920 --> 0:44:43.640
<v Speaker 15>and the same applies families. Everybody that I talk to

0:44:44.440 --> 0:44:46.880
<v Speaker 15>is talking about one thing and one thing only, and

0:44:46.880 --> 0:44:50.719
<v Speaker 15>that's cost of living. And look, I like Daniel, but

0:44:51.120 --> 0:44:54.200
<v Speaker 15>I think on this point is he's got it wrong

0:44:54.400 --> 0:44:58.319
<v Speaker 15>because it's because of the policies of this government that

0:44:58.360 --> 0:45:02.080
<v Speaker 15>we are seeing interest R remaining higher for longer. If

0:45:02.120 --> 0:45:09.160
<v Speaker 15>you compare astral to other advanced economies, the US, New Zealand, Canada.

0:45:09.760 --> 0:45:13.000
<v Speaker 15>You know we are we have higher inflation and many

0:45:13.040 --> 0:45:17.120
<v Speaker 15>advanced economies and those those countries are seeing reduction interest rights,

0:45:17.920 --> 0:45:19.880
<v Speaker 15>but we're not seeing them here and we're not seeing

0:45:19.880 --> 0:45:24.840
<v Speaker 15>them failed economic policies of this way of government.

0:45:25.120 --> 0:45:27.719
<v Speaker 2>All right, and the political fight over this will continue.

0:45:28.080 --> 0:45:32.200
<v Speaker 2>Daniel Malino Andrew Wallace really appreciate your time. Thank you. Now,

0:45:32.239 --> 0:45:34.640
<v Speaker 2>after the break, we'll go live to tell Aviv for

0:45:34.680 --> 0:45:38.880
<v Speaker 2>the latest on the war between Israel and Hasbela. Stay tuned,

0:45:43.360 --> 0:45:45.800
<v Speaker 2>all right, let's bring in now live from Tel Aviv,

0:45:45.920 --> 0:45:50.400
<v Speaker 2>Israeli news anchor Littel, SCHAMESH. Littel. Great to see you again. Look,

0:45:50.480 --> 0:45:53.520
<v Speaker 2>can you tell us about the news today? Unprecedented a

0:45:53.600 --> 0:45:57.480
<v Speaker 2>has ballistic missile in Tel Aviv. What happened?

0:45:59.640 --> 0:46:01.040
<v Speaker 14>Yes, so we.

0:46:01.120 --> 0:46:04.640
<v Speaker 16>Had an alarm at around six thirty in the morning.

0:46:04.719 --> 0:46:08.120
<v Speaker 16>It's actually the first time that we are getting rockets

0:46:08.120 --> 0:46:12.000
<v Speaker 16>from Lebanon towards aiming towards Tel Aviv. We got sirens

0:46:12.200 --> 0:46:14.800
<v Speaker 16>in Tel Aviv in the past, rockets that are coming

0:46:14.840 --> 0:46:18.320
<v Speaker 16>from Gaza. But it's actually the first time that chrisbala

0:46:18.480 --> 0:46:20.240
<v Speaker 16>is firing Tel Aviv.

0:46:20.880 --> 0:46:22.640
<v Speaker 14>One of the heads of Risbellae is.

0:46:22.560 --> 0:46:27.080
<v Speaker 16>Saying today we were aiming Israeli Mosad. It was basically

0:46:27.320 --> 0:46:30.560
<v Speaker 16>just one rocket, and they're claiming that it was a.

0:46:30.560 --> 0:46:34.200
<v Speaker 14>Response for the Beepers operation.

0:46:34.960 --> 0:46:38.400
<v Speaker 16>But you have to understand, Israel is striking the south

0:46:38.440 --> 0:46:42.360
<v Speaker 16>of Lebanon and Lebanon for the past three days, striking

0:46:42.640 --> 0:46:47.759
<v Speaker 16>Risbela facilities, weapons facilities and taking.

0:46:47.480 --> 0:46:49.080
<v Speaker 14>Down the heads of Risbella.

0:46:49.800 --> 0:46:54.040
<v Speaker 16>Just last week we saw the elimination of Ibra Ibra

0:46:54.200 --> 0:46:57.279
<v Speaker 16>Mkil was the head of operations of Chris Bla.

0:46:57.440 --> 0:46:58.320
<v Speaker 14>He was wanted.

0:46:58.600 --> 0:47:01.240
<v Speaker 16>There was a bounty on his head by the US government,

0:47:01.600 --> 0:47:03.680
<v Speaker 16>a bounty of seven million dollars.

0:47:03.760 --> 0:47:06.120
<v Speaker 14>He was responsible off the killing of.

0:47:06.200 --> 0:47:10.880
<v Speaker 16>Hundreds of Americans in the embassy, the American embassy in Beirut.

0:47:11.120 --> 0:47:13.680
<v Speaker 14>So the matter of fact, Israel.

0:47:13.239 --> 0:47:17.400
<v Speaker 16>Is doing an amazing job, not just helping the safety

0:47:17.400 --> 0:47:20.919
<v Speaker 16>of Israel, but also taking heads of Chrisboela that were

0:47:21.000 --> 0:47:27.360
<v Speaker 16>responsible for a variety of attacks, killing American citizens, killing

0:47:27.920 --> 0:47:29.800
<v Speaker 16>French citizens.

0:47:29.920 --> 0:47:31.120
<v Speaker 14>And the operation goes on.

0:47:32.280 --> 0:47:36.160
<v Speaker 2>Yet we've seen the international community put pressure on Israel

0:47:36.239 --> 0:47:40.640
<v Speaker 2>to de escalate. How can the international community, including by

0:47:40.680 --> 0:47:43.480
<v Speaker 2>the way, our Foreign Minister here in Australia. How can

0:47:43.520 --> 0:47:46.840
<v Speaker 2>they expect Israel to do nothing when there's been this

0:47:46.960 --> 0:47:51.920
<v Speaker 2>almost daily constant barrage from Hesbela ever since October seven.

0:47:53.719 --> 0:47:58.160
<v Speaker 16>Exactly constant barrage. We're talking about hundreds of missiles who

0:47:58.200 --> 0:48:02.200
<v Speaker 16>are being fired from the south of Lebanon by his

0:48:02.440 --> 0:48:06.319
<v Speaker 16>Bala towards Israel on daily basis. This is actually the

0:48:06.360 --> 0:48:10.040
<v Speaker 16>first time that we are seeing Israel striking back and

0:48:10.080 --> 0:48:14.400
<v Speaker 16>striking hard, and the people of Israel are saying, eventually,

0:48:14.440 --> 0:48:18.440
<v Speaker 16>after eleven months of getting rockets aiming towards US, Israel

0:48:18.560 --> 0:48:21.719
<v Speaker 16>is doing something, and Israel is taking down heads of Chrisbala.

0:48:21.880 --> 0:48:26.960
<v Speaker 16>Israel is taking down weapons, weapons and missiles, and according

0:48:27.040 --> 0:48:31.240
<v Speaker 16>to our recent recent headlines, Israel managed to take down

0:48:31.360 --> 0:48:36.440
<v Speaker 16>at least fifty percent of the rockets that Isbelah has.

0:48:36.680 --> 0:48:40.880
<v Speaker 16>We cannot allow ourselves to get people to leave in

0:48:40.920 --> 0:48:43.680
<v Speaker 16>their houses. We're talking about hundreds of thousands of people

0:48:43.880 --> 0:48:47.319
<v Speaker 16>who are evacuated from their houses in the northern part

0:48:47.360 --> 0:48:50.080
<v Speaker 16>of Israel, and they will not be able to return

0:48:50.120 --> 0:48:54.080
<v Speaker 16>to their house safely if we won't take down all

0:48:54.120 --> 0:48:57.920
<v Speaker 16>of US missiles facilities Letta.

0:48:58.239 --> 0:49:00.560
<v Speaker 2>I've only got about forty seconds left, and I just

0:49:00.640 --> 0:49:04.919
<v Speaker 2>want to ask you, is there concern that Iran will

0:49:04.960 --> 0:49:07.360
<v Speaker 2>now step in to help Hezbella.

0:49:09.480 --> 0:49:12.160
<v Speaker 16>There is a major concern, and that's why the US

0:49:12.360 --> 0:49:15.680
<v Speaker 16>is sending more equipments because the US at the moment,

0:49:16.120 --> 0:49:19.839
<v Speaker 16>as you've said, they don't want to see any escalations. Obviously,

0:49:20.000 --> 0:49:23.800
<v Speaker 16>the upcoming elections in America on November fifth is also

0:49:23.840 --> 0:49:25.439
<v Speaker 16>a major factor of them.

0:49:25.520 --> 0:49:27.560
<v Speaker 14>Don't want to see an escalation.

0:49:28.120 --> 0:49:31.200
<v Speaker 16>And if you're asking me, the only way to prevent

0:49:31.520 --> 0:49:36.040
<v Speaker 16>a larger war is to strike his Belah and to

0:49:36.160 --> 0:49:37.759
<v Speaker 16>get them to surrender.

0:49:37.880 --> 0:49:38.760
<v Speaker 14>That's the only.

0:49:38.560 --> 0:49:42.800
<v Speaker 16>Way we will achieve any sort of agreements on our border.

0:49:43.280 --> 0:49:47.080
<v Speaker 2>Yeah, all right, Letoshamesh really appreciate your time. Thank you.

0:49:47.840 --> 0:49:50.000
<v Speaker 2>I'll see you tomorrow at eight o'clock. And here is

0:49:50.200 --> 0:49:50.600
<v Speaker 2>Pomar