WEBVTT - Sharri | 21 November 0:00:01.360 --> 0:00:05.360 Live on Sky News. This is Sharry. 0:00:06.720 --> 0:00:10.119 Good Evening Big Show tonight. The Albanese government accused of 0:00:10.240 --> 0:00:13.680 raiding the nation's nest egg to fund Labour's green dream 0:00:14.040 --> 0:00:17.599 and ideological whims from a future. Fund chairs have come 0:00:17.640 --> 0:00:21.280 out to condemn this misuse of money for pet causes. 0:00:21.680 --> 0:00:22.680 More on that shortly. 0:00:23.320 --> 0:00:27.159 Also tonight, the horrific rampage of anti Semitic vandalism in 0:00:27.240 --> 0:00:31.200 Sydney and how the Albanesi government has not lifted a 0:00:31.280 --> 0:00:34.440 finger over the past year. My take on this in 0:00:34.479 --> 0:00:38.880 a moment, and Federal Court Justice Michael Lee of Bruce 0:00:38.960 --> 0:00:42.880 Lehman Fame weighs in on this rise of anti Semitism 0:00:43.120 --> 0:00:43.880 in Australia. 0:00:44.000 --> 0:00:46.839 My exclusive on that a little later. 0:00:47.800 --> 0:00:51.960 But first tonight, this was distressing to wake up to today, 0:00:52.520 --> 0:00:57.160 the state of anti Jewish vandalism in Sydney. Overnight in 0:00:57.200 --> 0:01:00.840 the very streets where we live, eat and work, a 0:01:00.920 --> 0:01:05.080 car torched up to a dozen others spray painted, and 0:01:05.120 --> 0:01:10.840 a Palmer building a restaurant with anti Semitic graffiti. CCTV 0:01:11.040 --> 0:01:15.720 shows two hooded men in dark clothing and wearing face 0:01:15.840 --> 0:01:19.360 masks leeing leaving the attacks. 0:01:19.920 --> 0:01:21.520 Now this is how it unfolded. 0:01:21.920 --> 0:01:25.720 The evil captured on cameras not long after the attack. 0:01:26.920 --> 0:01:29.760 Now we don't know for sure who did this, but 0:01:29.840 --> 0:01:34.480 the graffiti PKK is coming was sprayed on some cars, 0:01:34.920 --> 0:01:39.440 a reference perhaps to a Kurdish terror group. Now this 0:01:39.560 --> 0:01:43.920 took place across several streets in Wallara, near a synagogue, 0:01:44.280 --> 0:01:49.160 also a Jewish care facility. Even Matt Moran's restaurant, Chiswick 0:01:49.280 --> 0:01:52.320 was spray painted. And he said today that there's no 0:01:52.560 --> 0:01:58.000 place for this in our community. This criminal anti Semitic 0:01:58.080 --> 0:02:00.840 violence is now too much, it's. 0:02:00.680 --> 0:02:01.760 Gone too far. 0:02:02.560 --> 0:02:06.600 But the Prime Minister's only response is a pathetic written 0:02:06.920 --> 0:02:10.480 statement where he said the conflict in Israel and Gaza 0:02:10.639 --> 0:02:14.480 shouldn't be brought to Australia, even though it's exactly what 0:02:14.639 --> 0:02:18.960 his ministers keep doing. Alberizi said there is no place 0:02:19.000 --> 0:02:23.600 for antisemitism in Australia. Conflict overseas cannot be made a 0:02:23.639 --> 0:02:27.359 platform for prejudice at home. He says he has trust 0:02:27.360 --> 0:02:31.480 in our law enforcement agencies to deal with this. But 0:02:31.600 --> 0:02:34.880 how can Albanezi expect the conflict overseas not to play 0:02:34.880 --> 0:02:39.120 out at home when his senior ministers keep making highly 0:02:39.160 --> 0:02:44.519 provocative statements against Israel, statements that don't keep the peace, 0:02:45.080 --> 0:02:51.240 that risk inciting anger and hatred against Israelis and Jews. 0:02:52.120 --> 0:02:55.560 Statements like this, You can't. 0:02:55.320 --> 0:02:56.880 Bomb your way to peace, you know. 0:02:56.919 --> 0:03:00.280 I think the last twelve months have shyness that the 0:03:00.440 --> 0:03:04.920 bombing has killed tens of thousands of people in Gaza, 0:03:05.160 --> 0:03:09.120 in Lebanon, more than a thousand people murdered in Israel 0:03:09.280 --> 0:03:09.880 as well. 0:03:10.080 --> 0:03:13.280 An estimate of one point seven million people in Gaza 0:03:13.320 --> 0:03:16.920 are internally displaced, and there are increasingly few safe places 0:03:16.960 --> 0:03:20.320 for Palestinians to go. What Australia would say is Israel 0:03:20.400 --> 0:03:25.720 must now exercise special care in relation to these civilians, 0:03:27.960 --> 0:03:30.880 and not doing so would have devastating consequences. 0:03:32.480 --> 0:03:35.840 Tony Burke, He's Home Affairs Minister, He's in charge of 0:03:35.880 --> 0:03:38.360 our safety and our national security. 0:03:38.960 --> 0:03:39.280 Well. 0:03:39.360 --> 0:03:43.560 Back in June, he posted on x about Islamophobia. He 0:03:43.640 --> 0:03:48.200 said that he's seen discussing examples of graffiti dehumanizing to 0:03:48.280 --> 0:03:54.200 Palestinians and other examples that are clear Islamophobia circulating online. 0:03:55.560 --> 0:04:00.680 Yet curiously nothing today on his ex account after last 0:04:00.800 --> 0:04:05.200 night's attacks. But why can't the Prime Minister tell his 0:04:05.440 --> 0:04:11.880 own ministers to stop aggravating tensions and potentially inflaming anti 0:04:11.960 --> 0:04:16.960 Semitism when already we're at such a dangerous inflection point, 0:04:17.440 --> 0:04:21.839 and according to Jewish leadership, it's only getting worse. The 0:04:21.880 --> 0:04:25.960 Executive Council of Australian Juries, Alex Rivkin says the anti 0:04:26.040 --> 0:04:30.000 Israel movement is now getting more extreme and more violent. 0:04:30.720 --> 0:04:33.360 He said, and I quote, it wasn't stopped at the 0:04:33.440 --> 0:04:37.240 Upper House steps, it wasn't stopped at the pro Hamas encampments, 0:04:37.600 --> 0:04:41.360 and it wasn't stopped at the hate preachers. Now Australians 0:04:41.360 --> 0:04:44.520 are waking up to find their property destroyed and their 0:04:44.560 --> 0:04:50.839 suburbs violated. And the night Leies front cover tonight compares 0:04:51.360 --> 0:04:54.880 what we saw in Sydney last night in Australia in 0:04:55.000 --> 0:05:01.120 twenty twenty four with Vienna in nineteen thirty eight deja vu, 0:05:01.560 --> 0:05:07.479 it says, capturing the sentiment that so many Australians feel as. 0:05:07.320 --> 0:05:10.839 We watch this horror unfold now. 0:05:10.880 --> 0:05:14.080 In an interview this morning, both Ray Hadley and Peter 0:05:14.160 --> 0:05:17.520 Dutton so that Albin Ezy and Penny Wang we're to 0:05:17.560 --> 0:05:23.240 blame for not showing leadership against this anti Semitic violence. 0:05:23.800 --> 0:05:27.160 For months and months. The weak merely mouthed words out 0:05:27.200 --> 0:05:30.440 of the Prime Minister, I think have just given encouragement 0:05:30.480 --> 0:05:34.960 to these lunatics. Mister Albanezi has allowed it, and it's 0:05:35.000 --> 0:05:37.800 sent a very clear message that you know, we've got 0:05:38.040 --> 0:05:40.920 tolerance for a bit of anti Semitism, and the Prime 0:05:40.920 --> 0:05:44.560 Minister coming out today to condemn these attacks. Frankly, they're 0:05:44.600 --> 0:05:48.000 just hollow words and I think ultimately an insult somehow 0:05:48.440 --> 0:05:53.360 the Albanzi government, through Penny Wong and Anthony Alberizi somehow 0:05:53.360 --> 0:05:56.880 I think that this level of violence is okay. It's 0:05:56.920 --> 0:05:57.240 just not. 0:05:58.640 --> 0:05:59.600 As he says. 0:06:00.279 --> 0:06:03.440 The Albanezy government seems to have set a tone where 0:06:03.480 --> 0:06:06.760 there is tolerance for a bit of antisemitism. They don't 0:06:06.760 --> 0:06:09.800 seem to think it's a massive problem, but it is 0:06:09.960 --> 0:06:13.600 a massive problem. It is criminal and today police set 0:06:13.680 --> 0:06:17.200 up as strike force to track down the perpetrators, describing 0:06:17.279 --> 0:06:18.560 this as a hate crime. 0:06:19.440 --> 0:06:24.160 It is brazen, it is offensive. The behavior of the 0:06:24.200 --> 0:06:27.320 people who did it is disgusting. This incident is an 0:06:27.360 --> 0:06:30.800 isolated incident. Those vehicles, like I said, there were ten 0:06:30.839 --> 0:06:33.920 that were graffitied, and there were three premises and that's 0:06:33.960 --> 0:06:35.760 all that we have at the moment, and it hasn't 0:06:35.800 --> 0:06:40.279 been anything of this similar type of graffiti in recent times. 0:06:41.240 --> 0:06:45.280 Now, Like others, I took exception to that police description 0:06:45.400 --> 0:06:49.520 of this as an isolated incident, because it's certainly not 0:06:49.960 --> 0:06:54.479 an isolated incident. Her Maas has been spray painted on 0:06:54.600 --> 0:06:59.000 buildings across the East over and over again, not just 0:06:59.080 --> 0:07:01.279 in Sydney, but in mel Lyn as well over the 0:07:01.320 --> 0:07:01.920 past year. 0:07:03.240 --> 0:07:05.080 In Sydney's East in Bondai. 0:07:04.800 --> 0:07:08.040 A kosher kitchen, Missus Lewis's, was set alight in what 0:07:08.120 --> 0:07:12.720 police said was a suspected arson attack. They've been investigating 0:07:12.760 --> 0:07:17.440 for weeks still no update. Avner's Bakery in Surrey Hills 0:07:17.520 --> 0:07:21.560 was also vandalized, with a threatening note left under the door. 0:07:22.400 --> 0:07:23.960 No answers there either. 0:07:25.200 --> 0:07:27.680 You could be forgiven for thinking that the thugs just 0:07:27.800 --> 0:07:31.280 get away with this behavior. And Shadow Home Affairs Minister 0:07:31.360 --> 0:07:34.240 James Patterson today said that the fact that the law 0:07:34.520 --> 0:07:38.760 hasn't been enforced means that this violence is only escalating. 0:07:39.720 --> 0:07:42.240 I am concerned with the approach that they've taken across 0:07:42.240 --> 0:07:44.720 the country since the seventh of October. I think they 0:07:44.720 --> 0:07:47.280 have been too permissive with some of the behaviors that 0:07:47.320 --> 0:07:49.840 we've seen. It's astonishing to me that it took twelve 0:07:49.840 --> 0:07:53.280 months before the first charges were laid under federal legislation 0:07:53.440 --> 0:07:56.480 about the display of prohibited symbols, hate symbols like the 0:07:56.600 --> 0:08:01.640 Nazi swastika, like hesbaler and harm us flags. That law 0:08:01.680 --> 0:08:04.440 has been repeatedly flattered in our country, week in week out, 0:08:04.440 --> 0:08:06.920 in our major cities, and there have been no consequences 0:08:06.960 --> 0:08:09.360 for the people breaking that law, and as a result 0:08:09.360 --> 0:08:12.160 of that that become emboldened. I'm also concerned that our 0:08:12.160 --> 0:08:15.400 incitement to violence provisions have not been enforced because the 0:08:15.400 --> 0:08:18.040 message that extremists have taken from this lack of action 0:08:18.120 --> 0:08:20.200 and this failure to enforce the law is that there 0:08:20.240 --> 0:08:22.400 are no consequences for their behavior and that is why 0:08:22.400 --> 0:08:23.120 it's escalating. 0:08:24.320 --> 0:08:28.560 Excellent points as always from James Patterson. Now, as you know, 0:08:28.800 --> 0:08:32.719 just recently Benjaminette, Yahoo had to send planes to Amsterdam 0:08:33.120 --> 0:08:38.840 to rescue two thousand Jews. Well, now Israel's clearly concerned 0:08:39.200 --> 0:08:42.800 about what's going on in Australia, because the Israeli Embassy 0:08:43.320 --> 0:08:45.640 set in a statement that there needs to be and 0:08:45.679 --> 0:08:50.240 I quote immediate measures to protect and uphold the rights 0:08:50.280 --> 0:08:55.960 and safety of all citizens. Dave Sharma a Liberal senator 0:08:56.000 --> 0:08:59.360 stood beside Labor MP Josh Burns today and they spoke 0:08:59.360 --> 0:09:03.800 about how Jewish Australians are feeling under threat and how 0:09:03.840 --> 0:09:06.800 attacks like this are designed to intimidate. 0:09:07.880 --> 0:09:11.640 This is an attack that's designed to menace, intimidate and 0:09:11.760 --> 0:09:15.480 silence one group of Australians. Only it took place in 0:09:15.520 --> 0:09:18.480 the heart of Sydney's Jewish community and it has no 0:09:18.559 --> 0:09:19.599 place in Australia. 0:09:20.440 --> 0:09:21.640 This community of Australians. 0:09:21.679 --> 0:09:24.960 Jewish Australians have been feeling besieged and under threat for 0:09:25.040 --> 0:09:27.280 the past year and it simply has to stop. 0:09:28.280 --> 0:09:32.080 To target the Jewish community in Sydney in their homes 0:09:32.480 --> 0:09:37.200 and on the streets is antisemitism, plain and simple. And 0:09:37.240 --> 0:09:39.800 the sort of vandalism and the sort of violence we 0:09:39.840 --> 0:09:42.400 saw last night has no place in Australia. 0:09:44.440 --> 0:09:45.200 And they're right. 0:09:46.080 --> 0:09:49.079 This attack last night in the heart of where we 0:09:49.120 --> 0:09:54.200 live and work was purely designed to intimidate not just 0:09:54.280 --> 0:09:59.040 our Jewish community but all Australians. It's designed to bully 0:09:59.160 --> 0:10:04.560 Jews and those who support Israel into silence. But we 0:10:04.679 --> 0:10:09.640 won't let these thugs succeed. Yes, we demand better from 0:10:09.679 --> 0:10:15.160 police and from politicians, absolutely, but we won't be intimidated. 0:10:16.000 --> 0:10:20.080 We won't be scared away by anti Semites aligned with 0:10:20.200 --> 0:10:24.680 the far right, aligned with Islamic extremism, or with the 0:10:24.800 --> 0:10:29.040 radical hard left. These anti Semites who try to bully 0:10:29.160 --> 0:10:33.040 us on social media and on our streets, well, I 0:10:33.160 --> 0:10:36.080 say to you, you don't share the values of what 0:10:36.160 --> 0:10:41.320 it means to be Australian. Your hatred doesn't belong here. 0:10:42.280 --> 0:10:46.720 We refuse to be terrorized or scared into submission by brutal, 0:10:46.840 --> 0:10:51.800 rampaging thugs on our streets or by hateful, fraudulent feminists 0:10:52.000 --> 0:10:57.679 on social media. Stand proud, stay strong, And to those 0:10:57.720 --> 0:11:02.280 who spray paint f Israel, I say, the people of 0:11:02.520 --> 0:11:03.800 Israel live. 0:11:04.520 --> 0:11:06.240 I'm yes, rah el hi. 0:11:09.760 --> 0:11:11.599 Okay, We've got a lot to cover tonight, but I 0:11:11.640 --> 0:11:15.320 want to get reaction first from someone who was there 0:11:15.360 --> 0:11:18.480 this morning, who woke up on these streets to this graffiti. 0:11:18.760 --> 0:11:22.040 Elliott Spira joins me. Now, his building is on the 0:11:22.080 --> 0:11:23.679 same street in Wulara where. 0:11:23.520 --> 0:11:24.880 This attack took place. 0:11:24.960 --> 0:11:28.280 Elliott, thank you for speaking out, having the courage to 0:11:28.360 --> 0:11:32.360 be here despite those attacks overnight. Can you tell us 0:11:32.360 --> 0:11:35.160 about how you woke up to the news this morning. 0:11:35.880 --> 0:11:38.960 Yeah, I actually didn't realize what had happened. Overnight I 0:11:39.000 --> 0:11:41.640 woke up. I wasn't aware, but my wife got up 0:11:41.640 --> 0:11:43.360 to take care of our six month old. During the 0:11:43.440 --> 0:11:45.080 night there was commotion on the street. 0:11:45.120 --> 0:11:45.680 It woke them. 0:11:45.720 --> 0:11:48.280 She got him back to sleep, and this morning, after 0:11:48.480 --> 0:11:50.680 a bad night, I went to get his carrier from 0:11:50.679 --> 0:11:53.640 the car. Walking him down the street, I noticed some 0:11:53.679 --> 0:11:58.040 graffiti and I saw soon thereafter that it said f 0:11:58.120 --> 0:12:03.520 Israel right there the car outside my building. And I 0:12:03.559 --> 0:12:07.800 got to say, I was really disappointed, but not all 0:12:07.840 --> 0:12:11.560 that much surprised, because unfortunately this has become a reality 0:12:11.600 --> 0:12:15.720 for the Jewish community living here in Sydney, Australia, since 0:12:15.760 --> 0:12:17.400 October seventh, twenty twenty three. 0:12:17.840 --> 0:12:19.800 Exactly, you're right, and you know that. 0:12:19.880 --> 0:12:24.560 I think clearly the police have every intention. They've said 0:12:24.559 --> 0:12:27.720 that today they're putting a lot of resources into this. 0:12:27.600 --> 0:12:28.839 Particular strike force. 0:12:28.880 --> 0:12:31.440 But the police commander who stood up there and said 0:12:31.440 --> 0:12:34.760 this is an isolated incident, well, it's just wrong because 0:12:34.800 --> 0:12:38.280 this is now an established pattern of behavior. We had 0:12:38.280 --> 0:12:43.480 the convoys that went through the suburbs not that long ago. 0:12:43.600 --> 0:12:48.959 We've seen protests outside synagogues, we've seen extensive graffiti everywhere. 0:12:49.000 --> 0:12:50.679 But yet they can stand up there and say this 0:12:50.760 --> 0:12:51.439 is isolated. 0:12:51.440 --> 0:12:54.079 That's that's not how it feels to the community, is. 0:12:54.040 --> 0:12:55.000 It not at all? 0:12:55.080 --> 0:12:57.400 I mean, you only have to cast your mind back 0:12:57.440 --> 0:12:59.600 to two days after the greatest loss of Jewish life 0:12:59.640 --> 0:13:04.440 since Holocausts, October ninth, outside the Sydney Opera House, great 0:13:04.440 --> 0:13:08.439 symbol and icon of our city, and a hateful mob 0:13:08.840 --> 0:13:13.600 calling for effing the Jews. And I'll leave it to 0:13:13.640 --> 0:13:15.840 your interpretation whether it's gassing the Jews or not. But 0:13:16.280 --> 0:13:18.800 my opinion is it doesn't really matter. For a mob 0:13:18.840 --> 0:13:21.240 to have that much hatred towards any group of people 0:13:21.320 --> 0:13:25.000 inside Australia is just not on and it's on Australian 0:13:25.200 --> 0:13:28.160 and I think that the fact that it took over 0:13:28.200 --> 0:13:30.720 a year to actually do anything about it, and then 0:13:30.920 --> 0:13:35.280 the limited extent to which has been prosecuted, it doesn't 0:13:35.280 --> 0:13:37.040 fill the community with a lot of hope. 0:13:37.240 --> 0:13:39.439 And even the hate preachers the day before that they 0:13:39.480 --> 0:13:41.719 were just allowed to get away with saying they were 0:13:41.720 --> 0:13:45.720 related that the terror attacks should be incitement to violence. 0:13:46.240 --> 0:13:49.480 Absolutely, and it continues everywhere. It continues with politicians who 0:13:49.480 --> 0:13:52.000 have hollow words. But at the same time, I'm freeze 0:13:52.040 --> 0:13:56.560 funding fun and right, despite being complicit and actively involved 0:13:56.559 --> 0:13:59.120 in fact in the events of October seventh and everything 0:13:59.120 --> 0:14:02.839 that happens since you know, it goes to well, the 0:14:02.920 --> 0:14:06.800 labor government is doing some part of them, but it's 0:14:06.880 --> 0:14:11.000 just reality. Money is being taken, taxpayer money for social 0:14:11.040 --> 0:14:14.600 cohesion is going towards groups that actually support Hamas and 0:14:14.679 --> 0:14:15.320 full in terror. 0:14:15.520 --> 0:14:17.840 So it's shocking, it's totally ridiculous. 0:14:17.920 --> 0:14:20.960 Now you were actually living in Tel Aviv with your 0:14:21.160 --> 0:14:25.480 pregnant wife at the time that October seven happened. I mean, 0:14:25.600 --> 0:14:28.720 you know, you left Israel because of the terror that 0:14:28.800 --> 0:14:31.120 was unfolding to make sure your new baby, just six 0:14:31.160 --> 0:14:33.640 months old, is safe, and now you're living on a 0:14:33.720 --> 0:14:34.960 street where this happens. 0:14:35.200 --> 0:14:38.240 We actually left just before we left, you know, two 0:14:38.240 --> 0:14:41.760 weeks beforehand, to come for my cousin's wedding, and very 0:14:41.800 --> 0:14:45.720 soon thereafter it happened, and it is truly shocking. Her 0:14:45.720 --> 0:14:49.360 family currently actually refugees from the north from a large 0:14:49.360 --> 0:14:52.400 city up there, Qhmuna, and they've been living in hotels 0:14:52.400 --> 0:14:55.080 in the center of the country for a very long time. 0:14:55.480 --> 0:14:59.000 It's quite a crazy situation. And yet here we are 0:14:59.280 --> 0:15:02.720 and the these events unfolding and despite living under Rocke 0:15:02.800 --> 0:15:07.400 fire there or having terrorist events occurring on not a 0:15:07.440 --> 0:15:12.240 regular basis, but often enough. Today's sort of hits differently, 0:15:13.320 --> 0:15:17.080 just feeling a lot more isolated and just disappointed because 0:15:17.200 --> 0:15:20.760 the community just feels like we're a very different group 0:15:21.400 --> 0:15:22.040 in Australia. 0:15:22.120 --> 0:15:25.640 In Israel, there's a lot of solidarity amongst all Israelis, 0:15:25.680 --> 0:15:29.280 regardless of religion, but unfortunately we're seeing this breakdown in 0:15:29.360 --> 0:15:31.120 social cohesion in Australia totally. 0:15:31.160 --> 0:15:33.640 Elliott, thank you for being here, really appreciate it. 0:15:33.640 --> 0:15:33.960 Thank you. 0:15:35.400 --> 0:15:37.000 All Right, Well, we're going to come back to that 0:15:37.080 --> 0:15:39.040 a bit later on, but now let's talk about the 0:15:39.080 --> 0:15:42.600 Future Fund and to discuss I'm joined by Perth Mayor 0:15:42.600 --> 0:15:45.720 Basil Zemplus and commentator Jason Morrison. 0:15:45.920 --> 0:15:47.120 Welcome to you both. 0:15:47.600 --> 0:15:50.640 Well, the Treasurer has rewritten the two hundred and thirty 0:15:50.720 --> 0:15:55.320 billion dollar Future Fund to prioritize investments in green energy, 0:15:55.400 --> 0:15:56.760 housing and infrastructure. 0:15:57.240 --> 0:15:58.040 Now, this is the. 0:15:57.960 --> 0:16:01.800 First time the federal government has actually mandated specific asset 0:16:01.840 --> 0:16:05.840 classes for the fund and we've seen it be widely criticized. 0:16:05.880 --> 0:16:09.200 Today the first Future Fund Chairman, David Murray, he's slammed 0:16:09.200 --> 0:16:12.240 the idea. He said it could jeopardize returns and also 0:16:12.320 --> 0:16:16.800 would risk the fund's independence. Now the Treasurer Jim Chalmers disagreed. 0:16:16.840 --> 0:16:17.920 Here's what he ought to say. 0:16:18.840 --> 0:16:22.200 But David Murray is not on this occasion correct. He 0:16:22.320 --> 0:16:26.000 is factually wrong to make the comments that he is making. 0:16:26.120 --> 0:16:28.720 Fund will be required to consider the national priorities in 0:16:28.760 --> 0:16:33.040 its investment decisions where possible, where appropriate, and consistent with 0:16:33.120 --> 0:16:34.480 strong returns. 0:16:35.720 --> 0:16:40.040 But Opposition leader Peter Dutton was furious about this change 0:16:40.080 --> 0:16:41.040 to the Future Fund. 0:16:41.240 --> 0:16:42.400 Here he was in Parliament. 0:16:43.640 --> 0:16:46.720 Labor is now rating the nation's nestig to cover its 0:16:46.760 --> 0:16:47.680 economic failures. 0:16:48.080 --> 0:16:50.080 Prom minis to wire Australian's. 0:16:49.520 --> 0:16:54.840 Paying for the Albansi government's economic incompetence basil. 0:16:54.960 --> 0:16:57.480 Now, this was always going to be a controversial move. 0:16:57.560 --> 0:17:03.080 The idea of using an independent and body for political purposes. 0:17:03.360 --> 0:17:04.720 Do you think this is concerning? 0:17:06.720 --> 0:17:08.320 Independent is the keyword here. 0:17:08.359 --> 0:17:10.679 The Future Fund was set up some time ago to 0:17:10.720 --> 0:17:14.200 look after the future generations of Australians and in particular 0:17:14.520 --> 0:17:18.720 safeguard their superannuation, to make sure that subsequent generations of 0:17:18.760 --> 0:17:22.040 Australians can be looked after and know that their savings 0:17:22.160 --> 0:17:26.719 are safe. So independence being the key word means it 0:17:26.800 --> 0:17:30.040 is not for the government of the day of whichever persuasion, 0:17:30.400 --> 0:17:33.320 to be meddling and suggesting to the board that they 0:17:33.359 --> 0:17:38.480 make certain investments in particular priority areas of the government 0:17:38.520 --> 0:17:43.000 of that day infrastructure, green energy, new technologies. As it 0:17:43.080 --> 0:17:46.159 turns out in this instance, and if Jim Chalmers is 0:17:46.160 --> 0:17:50.400 absolutely right, well they would be investing in these things anyway, 0:17:50.560 --> 0:17:55.440 because we know the Independent Board's priority is to maximize returns. 0:17:55.840 --> 0:17:59.240 So let the Independent Board do what they do best. 0:17:59.400 --> 0:18:02.280 They'll find the winners. It's not for government to be 0:18:02.359 --> 0:18:03.680 directing them. 0:18:04.119 --> 0:18:05.280 Yeah, look, and we saw that. 0:18:05.880 --> 0:18:08.960 You know, Peter Costello as well has come out in 0:18:09.000 --> 0:18:12.479 a lengthy interview with The Australian. He said that the 0:18:12.480 --> 0:18:14.600 Future Fund was never set up to be a political 0:18:14.640 --> 0:18:18.320 slush fund to finance, as you say, Basil, the whims 0:18:18.320 --> 0:18:22.520 of the government of the day, Jason. You know, I 0:18:22.520 --> 0:18:27.040 think the moment that Greg Combey came in replacing Costello, 0:18:27.080 --> 0:18:29.760 there was always a risk that something like this was 0:18:29.800 --> 0:18:30.320 going to happen. 0:18:31.359 --> 0:18:33.800 Yeah, they put one of their boys in who had 0:18:33.840 --> 0:18:36.080 no track record at all in running a fund of 0:18:36.080 --> 0:18:36.760 this caliber. 0:18:36.920 --> 0:18:38.119 And look what's happened. 0:18:38.160 --> 0:18:39.280 It's become a plaything. 0:18:39.640 --> 0:18:43.199 The thing that frightens me about this is that to 0:18:43.280 --> 0:18:47.240 have charmers who really in life in business has achieved 0:18:47.280 --> 0:18:52.120 that tell someone like Murray and criticized Costello, and criticize 0:18:52.119 --> 0:18:54.800 the fund for that matter, that what eighteen years ago 0:18:54.920 --> 0:18:56.959 started with about fifty billion in the bank and has 0:18:57.000 --> 0:18:59.320 now for around two to twenty billion. It doesn't make 0:18:59.359 --> 0:19:01.639 losses as well, it does very very well, and it 0:19:01.760 --> 0:19:04.439 is well ahead of the tide of its obligations of 0:19:04.480 --> 0:19:07.919 four or five percent growth. It's doing exceptionally well and 0:19:08.040 --> 0:19:10.959 its job. And here's this bloke that's done not very 0:19:11.040 --> 0:19:14.280 much in his life other than outside of politics, telling 0:19:14.320 --> 0:19:16.679 them how they should do things and what investments they 0:19:16.720 --> 0:19:21.240 should dip their investment eyes towards. I find it staggering, 0:19:21.359 --> 0:19:23.720 but I find the arrogance of the man to be 0:19:24.440 --> 0:19:24.880 more legue. 0:19:24.960 --> 0:19:26.199 And no one is really shocked. 0:19:26.200 --> 0:19:28.679 This is what labor does, because labor has a habit 0:19:28.920 --> 0:19:32.280 of doing what it can with its institutions in order 0:19:32.320 --> 0:19:34.720 to achieve its outcome. And we've seen that for really 0:19:34.760 --> 0:19:36.120 generations in this country. 0:19:36.240 --> 0:19:37.600 But this is a step too far. 0:19:38.000 --> 0:19:41.520 And if he was so wise about these kind of investments, 0:19:42.119 --> 0:19:44.800 you've got to stop and wonder why isn't. 0:19:44.560 --> 0:19:45.960 The government doing it itself. 0:19:46.640 --> 0:19:48.640 And there's a good damn reason for that is because 0:19:48.680 --> 0:19:51.080 the returns are simply not there and the money is 0:19:51.119 --> 0:19:53.560 not there, so leave the super fund alone. 0:19:54.080 --> 0:19:56.000 Well, I think this is going to continue to be 0:19:56.000 --> 0:19:59.000 a big issue. It could even become a pivotal election issue. 0:19:59.040 --> 0:20:02.000 So we're going to keep following this. Now, social media 0:20:02.040 --> 0:20:04.680 giants could be slapped with a fifty million dollar fine. 0:20:04.720 --> 0:20:08.359 This is under the new proposed legislation by the Albaneze 0:20:08.400 --> 0:20:12.600 government to make sure that under sixteens are not on 0:20:12.840 --> 0:20:17.679 social media sites. So any company that systematically breaches the 0:20:17.720 --> 0:20:22.040 age verification laws would face this financial penalty. Now, not 0:20:22.160 --> 0:20:25.800 everyone's on board with this. Independent Senator Jackie Lambee was 0:20:25.840 --> 0:20:29.520 on Sky earlier. She criticized Labor for not providing the 0:20:29.640 --> 0:20:31.240 actual draft legislation. 0:20:31.400 --> 0:20:31.960 Have a look. 0:20:32.760 --> 0:20:34.199 It is absolutely despicable. 0:20:34.240 --> 0:20:36.639 How serious is the government that they want this rough 0:20:36.680 --> 0:20:39.000 and we haven't even seen a draft? You know that 0:20:39.040 --> 0:20:40.400 would I want to do? Just put it in there 0:20:40.480 --> 0:20:42.600 without us looking at it. I'm sorry, but there might 0:20:42.600 --> 0:20:44.680 be things where what can make amendments make it even better? 0:20:44.880 --> 0:20:47.040 And same with other people out they're making those amendments 0:20:47.040 --> 0:20:47.720 to make it better. 0:20:47.960 --> 0:20:50.680 We'll give us the bloody draft now. 0:20:50.720 --> 0:20:54.240 Elon Musk has also criticized this on X. He said, 0:20:54.280 --> 0:20:57.440 and I quote, seems like a backdoor way to control 0:20:57.560 --> 0:21:03.240 access to the Internet by all US Australians. Now, Basil 0:21:03.800 --> 0:21:06.720 Mask's point, and there's actually a correction on how bit 0:21:06.760 --> 0:21:11.160 Easy's ex post that says the legislation will require age 0:21:11.280 --> 0:21:16.480 verification of all users, including adults, to use social media. 0:21:16.560 --> 0:21:19.439 We don't know necessarily if this is true because we 0:21:19.520 --> 0:21:23.159 haven't seen the legislation. But Basil, if that is true, 0:21:23.320 --> 0:21:24.600 do you think it's going too far? 0:21:26.320 --> 0:21:27.560 I think it is at the moment. 0:21:27.560 --> 0:21:30.919 By the way, you can give your date of birth 0:21:30.960 --> 0:21:33.560 to X, and I think that allows you to be 0:21:33.640 --> 0:21:36.040 fast tracked when you might be trying to see certain 0:21:36.080 --> 0:21:39.480 types of contact that have some sort of limitations on it. 0:21:39.560 --> 0:21:42.720 So that already exists. But it's an opt in or 0:21:42.800 --> 0:21:45.760 opt out. If it was mandatory, then it is going 0:21:45.800 --> 0:21:48.119 a step too far. But I am in the camp 0:21:48.280 --> 0:21:52.120 that says, listen, we've wanted to bring social media usage 0:21:52.200 --> 0:21:55.440 under control for our younger people for some time. We've 0:21:55.480 --> 0:21:59.119 spoken about it. Now here, we are trying something I 0:21:59.160 --> 0:22:01.480 wouldn't like the pile on that's happening right at the 0:22:01.520 --> 0:22:04.240 moment to go on unfettered, because we've got to give 0:22:04.320 --> 0:22:07.840 something a go, and we know these giants can do 0:22:07.880 --> 0:22:10.760 stuff if they need to, if they really want who 0:22:10.760 --> 0:22:13.359 they can, Let's give it a try and see how 0:22:13.400 --> 0:22:15.560 it works out. But Jackie Lamby is right, she should 0:22:15.560 --> 0:22:16.760 be able to see the legislation. 0:22:16.840 --> 0:22:19.600 We should all be able to see it well, Jason. 0:22:19.320 --> 0:22:23.280 It's also unclear how social media platforms are meant to 0:22:23.320 --> 0:22:24.000 police this. 0:22:25.640 --> 0:22:27.240 Yeah. 0:22:27.280 --> 0:22:30.679 Look, I differ with you, Basil on this. I do 0:22:30.800 --> 0:22:33.800 the parenting in my household. I control it now before 0:22:33.800 --> 0:22:35.480