1 00:00:00,560 --> 00:00:04,480 Speaker 1: International Correspondence with Ends and Eye Insurance, Peace of Mind 2 00:00:04,519 --> 00:00:05,520 Speaker 1: for New Zealand Business. 3 00:00:06,120 --> 00:00:10,080 Speaker 2: Murray Old's Australia correspondent with US now he mus good afternoon, Heather. 4 00:00:10,080 --> 00:00:12,039 Speaker 2: All right, so what's the latest of these comments about 5 00:00:12,080 --> 00:00:13,440 Speaker 2: the migrants from India. 6 00:00:13,960 --> 00:00:16,320 Speaker 3: Well, the latest says it's blown up like a frog. 7 00:00:16,120 --> 00:00:20,400 Speaker 1: And a blender and no apology from senator just sent 8 00:00:20,520 --> 00:00:23,919 Speaker 1: a namper Jimber Price. This, of course, is the woman 9 00:00:23,920 --> 00:00:26,680 Speaker 1: who jumped into the Liberal Party when it suited her 10 00:00:26,720 --> 00:00:30,800 Speaker 1: to join Angus Taylor in the bid for a joint 11 00:00:30,920 --> 00:00:35,440 Speaker 1: leadership team with the demise of Peter Dutton. It's an 12 00:00:35,479 --> 00:00:38,479 Speaker 1: internal fight really. It's being played out over immigration, but 13 00:00:38,840 --> 00:00:42,840 Speaker 1: it's also about the conservative wing of the Liberal Party 14 00:00:42,840 --> 00:00:45,239 Speaker 1: over here flexing its muscles against the moderates in the 15 00:00:45,240 --> 00:00:48,919 Speaker 1: middle that woke wet middle. According to the right wingers, 16 00:00:49,640 --> 00:00:52,000 Speaker 1: Price is in trouble for saying the Albanese government is 17 00:00:52,080 --> 00:00:57,160 Speaker 1: letting in so many migrants, particularly specifically migrants from India, 18 00:00:57,760 --> 00:01:01,360 Speaker 1: because she said all those people vote labor q uproar 19 00:01:01,760 --> 00:01:04,560 Speaker 1: oh I was taken out of context, she says, as 20 00:01:04,600 --> 00:01:07,480 Speaker 1: she's being lectured by other liberals. Later said that you 21 00:01:07,520 --> 00:01:11,360 Speaker 1: know she was wrong, but she's refused to apologize. Now 22 00:01:11,440 --> 00:01:15,000 Speaker 1: here's the thing I did some digging today. Australian Indians 23 00:01:15,040 --> 00:01:19,760 Speaker 1: make up about one million people in Australia, above average education, 24 00:01:20,240 --> 00:01:24,560 Speaker 1: above average income. Everything you hear about them is terrific, 25 00:01:24,640 --> 00:01:28,360 Speaker 1: hard working, patriotic, prosperous. They love cricket and some of 26 00:01:28,400 --> 00:01:30,119 Speaker 1: the players actually turn out for Australia. 27 00:01:30,200 --> 00:01:31,080 Speaker 3: So it's all good. 28 00:01:31,840 --> 00:01:34,479 Speaker 1: Susan Lee's done all she can as the opposition leader 29 00:01:34,520 --> 00:01:37,640 Speaker 1: to try and hose down this controversy. But Price, who 30 00:01:37,680 --> 00:01:39,360 Speaker 1: was the darling of the right wing over here, you 31 00:01:39,720 --> 00:01:43,480 Speaker 1: still won't say sorry, Still attacking liberal moderates. It's not 32 00:01:43,680 --> 00:01:46,280 Speaker 1: very helpful for a party that's so far behind. It's 33 00:01:46,319 --> 00:01:48,840 Speaker 1: really invisible in the political race over here. 34 00:01:49,720 --> 00:01:51,520 Speaker 2: Now what do you make of A and Z announcing 35 00:01:51,520 --> 00:01:52,919 Speaker 2: they're going to get rid of so many people? 36 00:01:53,800 --> 00:01:55,840 Speaker 1: Wow to Cutters are going to be very active though, 37 00:01:55,880 --> 00:01:58,160 Speaker 1: shouting their raisers and the alien said, this is what 38 00:01:58,200 --> 00:02:01,760 Speaker 1: was going to happen when the new banker arrived, the 39 00:02:01,800 --> 00:02:06,400 Speaker 1: new CEO, Nuno Matos, he was appointed in May, made 40 00:02:06,440 --> 00:02:10,040 Speaker 1: it very clear. I mean internal emails were leaked sadly 41 00:02:10,160 --> 00:02:11,120 Speaker 1: went to the wrong people. 42 00:02:11,760 --> 00:02:13,440 Speaker 3: We're going to be We're going to be getting rid 43 00:02:13,480 --> 00:02:14,160 Speaker 3: of a few people. 44 00:02:14,200 --> 00:02:16,959 Speaker 1: Well, hello, today we've found out over the next twelve 45 00:02:16,960 --> 00:02:20,280 Speaker 1: months three thousand, five hundred jobs that will be cut, 46 00:02:20,680 --> 00:02:25,960 Speaker 1: along with another one thousand contractors. Now, Matos was hired 47 00:02:26,880 --> 00:02:29,880 Speaker 1: as part of a deliberate pan to try and drive 48 00:02:30,040 --> 00:02:34,760 Speaker 1: costs down, a broader restructure strategy aimed at basically simplifying 49 00:02:34,800 --> 00:02:38,359 Speaker 1: the bank, he says, and reducing the duplicate rolls. Well, 50 00:02:38,360 --> 00:02:41,720 Speaker 1: the union is furious. The Finance sector Union says this 51 00:02:41,800 --> 00:02:42,600 Speaker 1: isn't a strategy. 52 00:02:42,600 --> 00:02:43,880 Speaker 3: It's completely unhinged. 53 00:02:44,280 --> 00:02:46,760 Speaker 1: As I say, Matos arrived in May the deliberate high 54 00:02:46,800 --> 00:02:48,840 Speaker 1: by the board to improve the bottom line. He's got 55 00:02:48,840 --> 00:02:51,480 Speaker 1: a new nickname, Eaither Nuno get on. 56 00:02:52,880 --> 00:02:57,280 Speaker 2: All right, Thank you for explaining it, Mars. All right, 57 00:02:57,440 --> 00:02:59,920 Speaker 2: So what do you make of Lachlan getting full control? 58 00:03:00,840 --> 00:03:02,600 Speaker 3: Well, it means that daddy has done it again. 59 00:03:02,720 --> 00:03:05,160 Speaker 1: Rupert Murdoch, He's ninety four years old and the old 60 00:03:05,200 --> 00:03:07,840 Speaker 1: bugger still can take a trick. You'd never want to 61 00:03:07,880 --> 00:03:11,720 Speaker 1: play cards with Rupert Murdoch. He made this bet a 62 00:03:11,840 --> 00:03:16,840 Speaker 1: year ago. He looked at his four oldest children. Lachlan James, 63 00:03:16,880 --> 00:03:20,679 Speaker 1: you've got prudence and Elizabeth, and they had an irrevocable 64 00:03:20,720 --> 00:03:23,600 Speaker 1: trust that was set up many years ago, under the 65 00:03:23,680 --> 00:03:27,080 Speaker 1: terms of which when Rupert dies, the four adult oldest 66 00:03:27,160 --> 00:03:31,480 Speaker 1: kids would share the bulk of the estate. Rupert looked 67 00:03:31,520 --> 00:03:34,280 Speaker 1: at this last year, looked at us up. His second son, 68 00:03:34,400 --> 00:03:36,880 Speaker 1: James said, Oh, he's a lefty, you know. 69 00:03:37,160 --> 00:03:40,320 Speaker 3: He's worried about climate trage, a change in tree frogs. 70 00:03:40,880 --> 00:03:43,480 Speaker 1: He apparently never considered the two women up to anything, 71 00:03:43,520 --> 00:03:47,560 Speaker 1: and he nominated Lachlan as his heir apparent, the one 72 00:03:47,560 --> 00:03:49,920 Speaker 1: and only air apparent, And he went to court in 73 00:03:50,000 --> 00:03:54,000 Speaker 1: Nevada trying to get this irrevocable trust changed. Well, the 74 00:03:54,080 --> 00:03:55,680 Speaker 1: judge threw it out, he said, made it's just a 75 00:03:55,720 --> 00:03:59,400 Speaker 1: complete fiction what you're saying. But Lachlan, as I say, 76 00:03:59,480 --> 00:04:02,280 Speaker 1: was Rupert's pick to run the business. He's the most conservative, 77 00:04:03,160 --> 00:04:06,400 Speaker 1: the Rupert was arguing, and the most likely to keep 78 00:04:06,440 --> 00:04:09,480 Speaker 1: it operating profitably into the future, as I say, went 79 00:04:09,520 --> 00:04:12,040 Speaker 1: to court thrown out. He said, he's going to appeal. Well, 80 00:04:12,080 --> 00:04:15,480 Speaker 1: now private talks have settled at all. Lachlan is going 81 00:04:15,520 --> 00:04:19,159 Speaker 1: to be the single heir of Rupert Murdoch when he goes. 82 00:04:19,520 --> 00:04:22,600 Speaker 1: But the other three siblings who are all now barred 83 00:04:22,640 --> 00:04:26,680 Speaker 1: from ever having any shares in the companies. Fox Corporation, 84 00:04:26,800 --> 00:04:30,159 Speaker 1: News Corporation. Each is to receive more than one billion 85 00:04:30,320 --> 00:04:33,680 Speaker 1: US dollars for their shares and those two companies. So 86 00:04:33,920 --> 00:04:36,440 Speaker 1: it's a massive win for Rupert. It's kind of customer 87 00:04:36,440 --> 00:04:38,160 Speaker 1: for you, Bob. But he's got plenty. 88 00:04:38,040 --> 00:04:39,880 Speaker 2: Real life succession, had a bit of ending game. 89 00:04:40,760 --> 00:04:44,000 Speaker 1: Oh it's extraordinary, and you know he's set this in 90 00:04:44,080 --> 00:04:47,279 Speaker 1: train a year ago and he's done it again. Never 91 00:04:47,360 --> 00:04:48,400 Speaker 1: back against him. 92 00:04:48,400 --> 00:04:52,640 Speaker 2: No, totally, Hemuz, Thank you very much. Murray Olds Australia corresponding. 93 00:04:53,200 --> 00:04:56,400 Speaker 1: For more from Hither Duplessy Allen Drive, listen live to 94 00:04:56,480 --> 00:04:59,520 Speaker 1: news Talks it'd be from four pm weekdays, or follow 95 00:04:59,560 --> 00:05:01,320 Speaker 1: the podcast last on iHeartRadio.