1 00:00:00,160 --> 00:00:03,000 Speaker 1: Good morning everybody. Welcome to another week of the Daily Oz. 2 00:00:03,080 --> 00:00:05,720 Speaker 1: My name is Sam Kozlowski and joining me is Zara 3 00:00:05,800 --> 00:00:09,280 Speaker 1: Seidler to take you through the week of news. Happy Monday, 4 00:00:09,400 --> 00:00:12,039 Speaker 1: It's the first of November. Before we kick off the 5 00:00:12,119 --> 00:00:14,680 Speaker 1: day's news, let's quickly run through the COVID numbers for 6 00:00:14,800 --> 00:00:16,799 Speaker 1: you and then our deep dive today is going to 7 00:00:16,840 --> 00:00:19,920 Speaker 1: be looking at the G twenty Summer, the warm up 8 00:00:19,920 --> 00:00:22,920 Speaker 1: event the opening act to the COP twenty six summit 9 00:00:22,960 --> 00:00:26,239 Speaker 1: to be held in Glasgow this week. In Victoria yesterday 10 00:00:26,320 --> 00:00:29,160 Speaker 1: there were one thousand and thirty six cases of COVID. 11 00:00:29,200 --> 00:00:31,639 Speaker 1: New South Wales recorded one hundred and seventy seven and 12 00:00:31,720 --> 00:00:34,360 Speaker 1: in the Act there were only seven new cases of 13 00:00:34,360 --> 00:00:38,000 Speaker 1: COVID nineteen zaris News from Victorian Politics yesterday. 14 00:00:38,000 --> 00:00:42,839 Speaker 2: What happened Victorian Liberal MP Tim Smith has resigned as 15 00:00:42,920 --> 00:00:46,519 Speaker 2: Shadow Attorney General after he crashed his car while driving 16 00:00:46,600 --> 00:00:50,120 Speaker 2: over two times the legal blood alcohol limit. Smith said, 17 00:00:50,240 --> 00:00:53,239 Speaker 2: I apologize to my constituents, my colleagues, my family and 18 00:00:53,280 --> 00:00:56,120 Speaker 2: the people of Victoria who expect their elected representatives to 19 00:00:56,200 --> 00:00:59,040 Speaker 2: uphold the highest standards of behavior. No one was injured 20 00:00:59,080 --> 00:00:59,760 Speaker 2: in the incident. 21 00:01:00,160 --> 00:01:03,480 Speaker 1: Quarantine free travel from New Zealand to Australia has begun 22 00:01:03,520 --> 00:01:07,000 Speaker 1: again today after being halted due to the Delta Varian outbreak. 23 00:01:07,240 --> 00:01:10,640 Speaker 1: Travelers entering will require proof of a negative pre departure 24 00:01:10,680 --> 00:01:13,240 Speaker 1: COVID test within three days of the departure flight to 25 00:01:13,280 --> 00:01:16,880 Speaker 1: Australia and proof of full vaccination against COVID nineteen. 26 00:01:17,680 --> 00:01:20,679 Speaker 2: New Zealand has set a fifty percent emission target for 27 00:01:20,720 --> 00:01:23,600 Speaker 2: twenty thirty, just a day prior to the twenty twenty 28 00:01:23,600 --> 00:01:27,319 Speaker 2: one Glasgow Climate Conference. This latest target SUO perceedes the 29 00:01:27,360 --> 00:01:30,039 Speaker 2: initial target to cut emissions by thirty nine percent below 30 00:01:30,040 --> 00:01:33,399 Speaker 2: two thousand and five levels by twenty thirty. Prime Minister 31 00:01:33,480 --> 00:01:36,240 Speaker 2: Jusindra Raderns said climate change is a priority for the 32 00:01:36,280 --> 00:01:38,520 Speaker 2: government because it's a threat to our economy, it's a 33 00:01:38,520 --> 00:01:40,959 Speaker 2: threat to our environment and our everyday lives. 34 00:01:41,760 --> 00:01:43,720 Speaker 1: And to kick off your week with some good news, 35 00:01:43,840 --> 00:01:47,199 Speaker 1: Canada is set to donate seventy three million COVID nineteen 36 00:01:47,319 --> 00:01:51,160 Speaker 1: vaccine doses to vulnerable countries through the COVAC Scheme, which 37 00:01:51,200 --> 00:01:55,120 Speaker 1: is a vaccine distribution program. Ten million doses of Maderna 38 00:01:55,160 --> 00:01:58,520 Speaker 1: will immediately be donated, while sixty three million doses will 39 00:01:58,560 --> 00:02:01,280 Speaker 1: be further donated by the end of twenty twenty two. 40 00:02:02,080 --> 00:02:04,800 Speaker 1: This layer's announcement is not the first time Canada have 41 00:02:04,920 --> 00:02:07,960 Speaker 1: donated vaccines. This is in addition to one hundred and 42 00:02:08,040 --> 00:02:16,760 Speaker 1: twenty seven million doses previously promised by Canada. So Zara 43 00:02:16,919 --> 00:02:19,720 Speaker 1: Prime Minister Scott Morrison did not go straight to Glasgow. 44 00:02:19,760 --> 00:02:24,359 Speaker 1: He actually stopped by Rome, as did most other global leaders. 45 00:02:24,520 --> 00:02:26,960 Speaker 1: This is the stop before Glasgow for a lot of 46 00:02:27,000 --> 00:02:29,760 Speaker 1: these politicians and they're there to have a meeting of 47 00:02:29,800 --> 00:02:32,480 Speaker 1: the G twenty. The G twenty, the long name is 48 00:02:32,480 --> 00:02:35,720 Speaker 1: the Group of twenty is an intergovernmental forum that includes 49 00:02:35,800 --> 00:02:38,000 Speaker 1: nineteen countries and the European Union. 50 00:02:38,320 --> 00:02:41,280 Speaker 2: So the G twenty summit is typically hosted about once 51 00:02:41,320 --> 00:02:44,519 Speaker 2: a year in a different country and it's a forum 52 00:02:44,520 --> 00:02:48,799 Speaker 2: for international economic cooperation. So SAM what's been covered so far? 53 00:02:49,160 --> 00:02:52,480 Speaker 1: So there's been a couple of flagship topics that the 54 00:02:52,560 --> 00:02:55,880 Speaker 1: leaders have gathered to discuss. One is the international economic 55 00:02:55,960 --> 00:02:59,240 Speaker 1: recovery from COVID nineteen. Then they touched on climate change, 56 00:02:59,240 --> 00:03:02,600 Speaker 1: but there was definitely a recognition that the main discussions 57 00:03:02,600 --> 00:03:05,680 Speaker 1: would happen at COOP they discuss COVID nineteen vaccines. So 58 00:03:05,760 --> 00:03:07,800 Speaker 1: that good news. We told you about Canada that was 59 00:03:07,800 --> 00:03:11,160 Speaker 1: actually announced at the G twenty. Then something else they 60 00:03:11,200 --> 00:03:13,720 Speaker 1: talked about, which we've talked about a lot on this podcast, 61 00:03:13,840 --> 00:03:17,600 Speaker 1: is the supply chain crisis and energy prices. But I 62 00:03:17,639 --> 00:03:22,000 Speaker 1: would say the biggest headline is this economic recovery point, 63 00:03:22,240 --> 00:03:26,520 Speaker 1: particularly the implementation of a global tax minimum. Now, what 64 00:03:26,600 --> 00:03:29,240 Speaker 1: this essentially means is that the nineteen Nations and the 65 00:03:29,280 --> 00:03:32,680 Speaker 1: European Union agreed to have a minimum of fifteen percent 66 00:03:32,800 --> 00:03:35,520 Speaker 1: on large corporations to be taxed. And this is a 67 00:03:35,560 --> 00:03:39,240 Speaker 1: plan to tackle tax abuses by multinationals and establish a 68 00:03:39,280 --> 00:03:44,160 Speaker 1: minimum global corporation tax. Think about a big business, one 69 00:03:44,200 --> 00:03:46,280 Speaker 1: that you would hope would pay a lot of tax, 70 00:03:46,440 --> 00:03:48,880 Speaker 1: like a big tech company, because they have so many 71 00:03:48,920 --> 00:03:51,720 Speaker 1: different operations in so many different parts of the world. 72 00:03:51,960 --> 00:03:54,280 Speaker 1: Quite often those companies get out of paying the tax 73 00:03:54,320 --> 00:03:57,720 Speaker 1: that they should through diversifying where they declare their profits. 74 00:03:58,280 --> 00:04:00,480 Speaker 1: This global tax minimum has been talked about for a 75 00:04:00,520 --> 00:04:04,600 Speaker 1: long time to be the answer to multinational corporations and 76 00:04:04,840 --> 00:04:08,600 Speaker 1: remove some of the protection that tax havens previously had. 77 00:04:08,920 --> 00:04:11,600 Speaker 1: It'll be interesting to see if companies can't think of 78 00:04:11,640 --> 00:04:14,200 Speaker 1: a smarter way to get out of this new tax hurdle. 79 00:04:14,560 --> 00:04:17,240 Speaker 1: But what really stood out to me was the big 80 00:04:17,279 --> 00:04:21,880 Speaker 1: economic nations, so think about the US and Germany. Everyone 81 00:04:22,000 --> 00:04:24,279 Speaker 1: was coming to the table here and that was really 82 00:04:24,320 --> 00:04:27,200 Speaker 1: interesting to see. There was also a big push, as 83 00:04:27,200 --> 00:04:29,920 Speaker 1: we said before, to have more vaccine pledges to low 84 00:04:29,960 --> 00:04:33,640 Speaker 1: income countries, and the Italian Prime Minister actually led the 85 00:04:33,720 --> 00:04:36,240 Speaker 1: charge for this, and Canada certainly came to the table. 86 00:04:36,560 --> 00:04:39,440 Speaker 1: We're expecting more announcements as part of the Kovac Scheme 87 00:04:39,560 --> 00:04:40,279 Speaker 1: throughout the week. 88 00:04:40,760 --> 00:04:44,080 Speaker 2: It wasn't just policy on the table at G twenty. 89 00:04:44,120 --> 00:04:47,480 Speaker 2: It was also the first opportunity for Scott Morrison and 90 00:04:47,600 --> 00:04:51,039 Speaker 2: French President Emmanuel Macron to speak for the first time 91 00:04:51,360 --> 00:04:54,599 Speaker 2: since ORCUS was announced. So if you've forgotten, ORCUS was 92 00:04:54,640 --> 00:04:58,120 Speaker 2: this joint alliance between Australia, the US and the UK, 93 00:04:58,839 --> 00:05:02,719 Speaker 2: and it first made project was around submarines, and it 94 00:05:02,760 --> 00:05:06,400 Speaker 2: meant that Australia was ultimately scrapping a previous project that 95 00:05:06,440 --> 00:05:09,240 Speaker 2: we had with the French to develop submarines. So this 96 00:05:09,440 --> 00:05:11,440 Speaker 2: was the first time that the two leaders were seeing 97 00:05:11,440 --> 00:05:14,680 Speaker 2: each other since that pretty awkward breakup. As such, the 98 00:05:14,720 --> 00:05:17,360 Speaker 2: brief encounter between the leaders did take place on the 99 00:05:17,400 --> 00:05:20,080 Speaker 2: sidelines of the G twenty summit, and it came after 100 00:05:20,160 --> 00:05:23,839 Speaker 2: the two had spoken on the phone prior to Morrison's departure. 101 00:05:24,279 --> 00:05:27,360 Speaker 2: During that conversation, the French president did tell Scott Morrison 102 00:05:27,400 --> 00:05:31,200 Speaker 2: that Australia's actions had broken the relationship of trust between 103 00:05:31,200 --> 00:05:33,760 Speaker 2: the two countries. That said, there were still a lot 104 00:05:33,800 --> 00:05:37,200 Speaker 2: of photo opportunities with the two leaders in Rome. There 105 00:05:37,240 --> 00:05:40,360 Speaker 2: were varying perspectives on how the meeting went. Here's what 106 00:05:40,400 --> 00:05:42,640 Speaker 2: Scott Morrison said about meeting with Macron. 107 00:05:42,800 --> 00:05:46,760 Speaker 3: Australia made the right decision in our interests to ensure 108 00:05:46,800 --> 00:05:49,760 Speaker 3: we have the right submarine capability to deal with our 109 00:05:49,760 --> 00:05:54,520 Speaker 3: strategic interests. There was never an easy way for us, 110 00:05:54,640 --> 00:05:56,880 Speaker 3: I think, to get to a point where we had 111 00:05:56,880 --> 00:05:59,880 Speaker 3: to disappoint a good friend and partner in France that 112 00:06:00,040 --> 00:06:01,760 Speaker 3: we wouldn't be proceeding with that contract. 113 00:06:01,880 --> 00:06:05,760 Speaker 1: Global media are ultimately calling the G twenty summit in 114 00:06:05,880 --> 00:06:08,800 Speaker 1: Rome largely a success, mainly on the back of this 115 00:06:08,880 --> 00:06:12,120 Speaker 1: global tax minimum. This is a really big deal for 116 00:06:12,440 --> 00:06:15,920 Speaker 1: our economic systems and the way that multinational companies operate. 117 00:06:16,480 --> 00:06:19,400 Speaker 1: The leaders gathered in Rome will now fly to Glasgow 118 00:06:19,440 --> 00:06:22,440 Speaker 1: for the Glasgow Climate Conference and it's a two week affair, 119 00:06:22,520 --> 00:06:24,520 Speaker 1: so We're really going to have to pace ourselves in 120 00:06:24,600 --> 00:06:27,360 Speaker 1: terms of keeping an eye on the news that comes 121 00:06:27,400 --> 00:06:30,800 Speaker 1: out of Glasgow, particularly any key announcements that Prime Minister 122 00:06:30,800 --> 00:06:33,880 Speaker 1: Scott Morrison makes to the Climate Conference. If you want 123 00:06:33,880 --> 00:06:36,400 Speaker 1: to follow the news on the Glasgow Climate Conference, as 124 00:06:36,440 --> 00:06:39,680 Speaker 1: well as developing news from the new South Wales ICAC inquiry, 125 00:06:39,800 --> 00:06:41,839 Speaker 1: make sure to follow us on Instagram. It's where the 126 00:06:41,839 --> 00:06:44,400 Speaker 1: two hundred and seventy thousand Australians get their news throughout 127 00:06:44,440 --> 00:06:46,280 Speaker 1: the week. We love what we do and we'd love 128 00:06:46,320 --> 00:06:48,840 Speaker 1: to have you on board. Have a fantastic start to 129 00:06:48,880 --> 00:06:49,200 Speaker 1: the week.