1 00:00:00,760 --> 00:00:04,680 Speaker 1: International Correspondence with Ends and Eye Insurance Peace of Mind 2 00:00:04,720 --> 00:00:08,200 Speaker 1: for New Zealand Business twenty three to five. Charles Kratz, 3 00:00:08,200 --> 00:00:10,280 Speaker 1: a ten or nine chief political editor with US Sound 4 00:00:10,280 --> 00:00:14,080 Speaker 1: of Australia. Child's good afternoon, Good afternoon. So what's on 5 00:00:14,120 --> 00:00:17,040 Speaker 1: the agenda apart from the port of Darwin potentially between 6 00:00:17,280 --> 00:00:19,400 Speaker 1: with this meeting between elbow and sheep. 7 00:00:20,079 --> 00:00:22,880 Speaker 2: Yeah, less fun than the British teachers dance party on 8 00:00:22,880 --> 00:00:25,400 Speaker 2: a Friday afternoon. But this meeting has just taken place 9 00:00:25,720 --> 00:00:27,760 Speaker 2: in the Great Hall of the People. Know your own 10 00:00:27,800 --> 00:00:31,240 Speaker 2: Prime Minister was there recently, so you've been through the process. Look, 11 00:00:31,280 --> 00:00:34,240 Speaker 2: this is about still stabilizing the relationship up some pretty 12 00:00:34,320 --> 00:00:37,920 Speaker 2: rocky years in the fallout of COVID and inquiry that 13 00:00:37,920 --> 00:00:42,159 Speaker 2: Australia laden and the Morrison government effectively falling out entirely 14 00:00:42,240 --> 00:00:47,000 Speaker 2: with Jijinping. The President of China has said he wants 15 00:00:47,080 --> 00:00:49,840 Speaker 2: to push the relationship further, wants to see more come 16 00:00:50,800 --> 00:00:54,000 Speaker 2: from a free trade agreement that's been ten years in 17 00:00:54,120 --> 00:00:58,320 Speaker 2: place now. The Prime Minister has reiterated his fondness and 18 00:00:58,480 --> 00:01:01,880 Speaker 2: Australia's prepents need a free trade as well. So that 19 00:01:02,040 --> 00:01:05,280 Speaker 2: is in a way China is sort of proving themselves 20 00:01:05,400 --> 00:01:08,039 Speaker 2: or trying to sort of show their bona fides when 21 00:01:08,040 --> 00:01:10,759 Speaker 2: it comes to free trade and being a better partner 22 00:01:10,760 --> 00:01:12,759 Speaker 2: than America. Because at the same time where he's sort 23 00:01:12,760 --> 00:01:14,640 Speaker 2: of going through this struggle as the rest of the 24 00:01:14,640 --> 00:01:17,360 Speaker 2: world is with the US tariffs and what's going on there. 25 00:01:17,400 --> 00:01:21,000 Speaker 2: So we are in a very strange situation where Australia 26 00:01:21,080 --> 00:01:24,280 Speaker 2: and I dare say New Zealand are looking at increasing 27 00:01:24,440 --> 00:01:27,920 Speaker 2: trade with communist China at the same time as increasing 28 00:01:28,000 --> 00:01:31,240 Speaker 2: tariffs with capitalist America. But that is the world that 29 00:01:31,240 --> 00:01:32,679 Speaker 2: we're all caught in the middle of right now. 30 00:01:32,760 --> 00:01:35,440 Speaker 1: Now, that upside down world that we're all living in. Hey, 31 00:01:35,800 --> 00:01:39,960 Speaker 1: what's happening with the former opposition leader. They're accused of 32 00:01:40,160 --> 00:01:42,120 Speaker 1: domestic abuse by a partner. 33 00:01:42,880 --> 00:01:47,440 Speaker 2: Yeah, Mike Latham is an odd character to say the least. 34 00:01:47,480 --> 00:01:50,080 Speaker 2: He stood against John Howard in the two thousand and 35 00:01:50,120 --> 00:01:54,160 Speaker 2: four election was pretty resoundingly beaten. People may remember the 36 00:01:54,160 --> 00:01:57,680 Speaker 2: famous handshake that said to lost him the election of 37 00:01:57,720 --> 00:02:01,000 Speaker 2: his aggressive nature. Now a former part someone who was 38 00:02:01,080 --> 00:02:04,440 Speaker 2: in what we're told is a situationship with Mark Latham. 39 00:02:04,440 --> 00:02:05,800 Speaker 2: I don't want to go too much into what that 40 00:02:05,960 --> 00:02:09,400 Speaker 2: is but has accused him of some pretty heenous things, 41 00:02:09,440 --> 00:02:15,840 Speaker 2: including some coercion and other sort of things that aren't 42 00:02:15,880 --> 00:02:18,480 Speaker 2: appropriate to be saying in any form, but certainly not 43 00:02:18,520 --> 00:02:21,639 Speaker 2: on the radio this hour that afternoon. He has denied it. 44 00:02:22,360 --> 00:02:25,000 Speaker 2: In a post on X he says, as the old 45 00:02:25,040 --> 00:02:27,960 Speaker 2: saying goes, hell hath no fury like a woman scorned. 46 00:02:28,080 --> 00:02:31,240 Speaker 2: Now this will be dug into deeper. He has in 47 00:02:31,280 --> 00:02:35,480 Speaker 2: the past had incidents involving cab drivers and a whole 48 00:02:35,480 --> 00:02:37,959 Speaker 2: lot of other things. He has been kicked out of 49 00:02:37,960 --> 00:02:41,000 Speaker 2: almost every political party doing the rounds. He is now 50 00:02:41,000 --> 00:02:43,640 Speaker 2: an independent, still sits in one of the state upper 51 00:02:43,639 --> 00:02:46,799 Speaker 2: houses and still has some power there. So this will 52 00:02:46,840 --> 00:02:50,480 Speaker 2: be dug into, no doubt by assume the police, but 53 00:02:50,520 --> 00:02:55,720 Speaker 2: potentially also parliamentary inquiries. Again, he denies any of the accusations. 54 00:02:55,880 --> 00:02:58,440 Speaker 1: Right, did he actually write on next, hell has no 55 00:02:58,520 --> 00:02:59,760 Speaker 1: fury like a woman scorned? 56 00:03:00,320 --> 00:03:03,040 Speaker 2: Yeah? I think so. Goodness, think I read that somewhere now, 57 00:03:03,680 --> 00:03:07,200 Speaker 2: Goodness it was, Yeah, it was. It's out there. He 58 00:03:07,320 --> 00:03:10,400 Speaker 2: called it comical, some of the suggestions, and look, if 59 00:03:10,440 --> 00:03:14,480 Speaker 2: they're not true, they are comical, but we will see. 60 00:03:14,960 --> 00:03:18,440 Speaker 1: Hey, the RBA wants to ban credit card surcharge just 61 00:03:18,480 --> 00:03:19,400 Speaker 1: sounds like a good idea. 62 00:03:19,440 --> 00:03:22,120 Speaker 2: Will it happen? So a great idea. Look, the RBA 63 00:03:22,200 --> 00:03:24,800 Speaker 2: has said this, given it's a cost of living crisis 64 00:03:24,800 --> 00:03:27,640 Speaker 2: almost everywhere. The problem is going to be if the 65 00:03:27,680 --> 00:03:31,640 Speaker 2: actual retailers have to pay for the machines and for 66 00:03:31,680 --> 00:03:34,640 Speaker 2: the setup. Now it's clear that some have been taking 67 00:03:34,639 --> 00:03:37,280 Speaker 2: the mickey with this and charging sort of three percent 68 00:03:37,480 --> 00:03:40,360 Speaker 2: or even one a half or two percent on big 69 00:03:41,320 --> 00:03:45,480 Speaker 2: purchases that attract then a big surcharge. What the RBA 70 00:03:45,680 --> 00:03:47,720 Speaker 2: is saying that is, in many cases it is now 71 00:03:47,840 --> 00:03:52,040 Speaker 2: cheaper for a retailer and for the banks to use 72 00:03:52,560 --> 00:03:55,800 Speaker 2: f pos or credit cards or even debit cards, then 73 00:03:55,840 --> 00:03:58,880 Speaker 2: it is to use cash. The cost of storing and 74 00:03:59,080 --> 00:04:04,360 Speaker 2: securing a transporting cash is increasing, so for some sales 75 00:04:04,400 --> 00:04:08,440 Speaker 2: it's actually cheaper to the outlet themselves to use credit cards, 76 00:04:08,640 --> 00:04:11,200 Speaker 2: and yet they still charge consumers for the right to 77 00:04:11,320 --> 00:04:13,720 Speaker 2: use it. So this is what the RBA is saying. 78 00:04:13,760 --> 00:04:15,920 Speaker 2: They think it would be a boost the economy but 79 00:04:16,000 --> 00:04:19,920 Speaker 2: also better reflect or the costs at the point of sales. 80 00:04:20,279 --> 00:04:23,320 Speaker 2: There's reviews going on. It's going to report back with 81 00:04:23,360 --> 00:04:25,440 Speaker 2: the recommendations by the end of the year. The RBA 82 00:04:25,520 --> 00:04:28,160 Speaker 2: doesn't have the power to enforce that, but the government 83 00:04:28,200 --> 00:04:30,880 Speaker 2: does and they'll listen. And that'd be a very popular 84 00:04:30,920 --> 00:04:34,440 Speaker 2: decision given just how much everyone is slugged because of 85 00:04:34,480 --> 00:04:38,080 Speaker 2: these search charges that often you either don't know are happening, 86 00:04:38,279 --> 00:04:39,920 Speaker 2: or more to the point, you can't really fight. 87 00:04:40,400 --> 00:04:43,440 Speaker 1: Yeah, good point too, Charles. Thank you for that, Charles Croucher, tenormind, 88 00:04:43,560 --> 00:04:44,640 Speaker 1: chief political Entity. 89 00:04:45,320 --> 00:04:48,480 Speaker 2: For more from Hither Duplessy, Alan Drive, listen live to 90 00:04:48,560 --> 00:04:51,599 Speaker 2: news talks it'd be from four pm weekdays, or follow 91 00:04:51,640 --> 00:04:53,360 Speaker 2: the podcast on iHeartRadio.