Further Bank Support For Households And Small Businesses

The Government welcomes today’s announcement by the Australian Banking Association (ABA) on the continued support that will be provided by banks to customers on repayment deferrals.
The ABA has today confirmed that banks will continue to support customers who need it with up to another four months of deferred repayments on already deferred loans. This initiative has been agreed with APRA who will provide the banks with extended regulatory relief so that they can continue to support their customers with greater flexibility during this time.
APRA has also provided relief to encourage the banks to restructure loans where possible as a way of helping these customers. This restructuring could include extending the term of the loan or moving from principal and interest repayments to interest-only for a period of time.
The ABA estimates that there are over 800,000 loans that have been deferred worth over $260 billion.
It is important that customers that can afford to make repayments continue to do so. Borrowers that are facing considerable financial difficulty as a result of this pandemic, should talk to their banks and work with them to find a more sustainable approach.
The Government acknowledges and thanks the Banks, APRA and ASIC for their collective efforts in support of Australians who financing financial hardship during this difficult time.
The Morrison Government continues to support both businesses and individuals that have been impacted by the coronavirus crisis and the actions of the banks and APRA today will complement this support and help more Australians get to the other side.

Morrison Government must rule out killing more jobs by abolishing local content rules

The Greens are calling on the Morrison Government to rule out killing more Australian jobs by permanently abolishing local content rules and to get on with requiring streaming giants to produce Australian-made shows.
Greens Spokesperson for Communication and the Arts Senator Sarah Hanson-Young said now the consultation period for the local content options paper had closed, Minister Fletcher needed to get on with the job.
“Letting broadcasters out of local content requirements and failing to immediately regulate streaming services put the jobs of every person who works on Australian drama, documentaries and children’s TV shows from actors, to writers, to crews at risk,” Senator Hanson-Young said.
“The big wigs of streaming and broadcasting can’t be allowed to call the shots when it comes to Australian stories on our screens.
“Regulating streaming giants like Netflix, Amazon, Apple and Stan should be part of the government’s arts and entertainment industry Covid recovery package, which is woefully inadequate, and therefore treated as a matter of urgency.
”The Government can help create jobs and generate investment in the domestic market by backing requirements on the giant tech companies and streaming services. Local content requirements must also be reinstated for free-to-air broadcasters.
“Australian stories are vital for our culture and social fabric and the sustainability of our arts and entertainment industry.
“Good quality children’s content is good for the community and it creates jobs.
“The time for reviews and consultation is over. Minister Fletcher needs to come out and tell the community and the industry what he is going to do to protect Australian-made stories and jobs.”

Greens call on Environment Minister to immediately release interim report into environment laws

The Greens are calling on Environment Minister Sussan Ley to immediately release the interim report into Australia’s environment laws handed to her a week ago by the independent reviewer.
Greens Spokesperson for the Environment Senator Sarah Hanson-Young who successfully moved an order in the Senate for the interim report to be released by today at the latest, said:
“The Environment Minister has sat on the interim report into Australia’s environment laws for a week already and then today tried to claim releasing it would reveal Cabinet deliberations. This is a pathetic excuse for keeping it hidden from the public.
“The 10-year statutory review into the EPBC Act is supposed to be independent of government and therefore any interim report cannot possibly reveal Cabinet deliberations.
“The Minister was handed the interim report a week ago, there is no excuse for holding onto it any longer, it should be released immediately in full.
“Graeme Samuel who is leading the review has said he intends to consult on the interim report yet he cannot do that if the community and stakeholders are unable to even see it.
“The Auditor-General’s assessment of the government’s management of the environment and our wildlife, released last month, was scathing.
“The Environment Minister and the Federal Department have failed to protect the environment and are, simply put, incompetent. Refusing to release the interim report suggests it highlights further ineptitude and failures by the government which they are trying to cover up.”

$1 Billion Waste And Recycling Plan To Transform Waste Industry

The Morrison Government will commit $190 million to a new Recycling Modernisation Fund (RMF) that will generate $600 million of recycling investment and drive a billion-dollar transformation of Australia’s waste and recycling capacity.
More than 10,000 jobs will be created and over 10 million tonnes of waste diverted from landfill to the making of useful products as Australia turbo charges its recycling capacity.
The RMF will support innovative investment in new infrastructure to sort, process and remanufacture materials such as mixed plastic, paper, tyres and glass, with Commonwealth funding contingent on co-funding from industry, states and territories.
Australia’s waste and recycling transformation is being further strengthened by an additional:

  • $35 million to implement Commonwealth commitments under Australia’s National Waste Policy Action Plan, which sets the direction for waste management and recycling in Australia until 2030.
  • $24.6 million on Commonwealth commitments to improve our national waste data so it can measure recycling outcomes and track progress against our national waste targets.
  • The introduction of new Commonwealth waste legislation to formally enact the Government’s waste export ban and encourage companies to take greater responsibility for the waste they generate, from product design through to recycling, remanufacture or disposal (Product Stewardship).

The moves are part of a national strategy to change the way Australia looks at waste, grow our economy, protect our environment and reach a national resource recovery target of 80% by 2030.
“As we cease shipping our waste overseas, the waste and recycling transformation will reshape our domestic waste industry, driving job creation and putting valuable materials back into the economy,” Minister for the Environment Sussan Ley said today.
“Australians need to have faith that the items they place in their kerbside recycling bins will be re-used in roads, carpet, building materials and a range of other essential items.
“At the same time, we need to stop throwing away tonnes of electronic waste and batteries each year and develop new ways to recycle valuable resources.
“As we pursue National Waste Policy Action Plan targets, we need manufacturers and industry to take a genuine stewardship role that helps create a sustainable circular economy.
“This is a once in a generation opportunity to remodel waste management, reduce pressure on our environment and create economic opportunity.”
Assistant Minister for Waste Reduction and Environmental Management, Trevor Evans, said that the unparalleled expansion of Australia’s recycling capacity followed close consultation with industry.
“Our targeted investment will grow Australia’s circular economy, create more jobs and build a stronger onshore recycling industry,” Assistant Minister Evans said.
“Australian companies are turning plastics and household waste into furniture, decking, fencing and clothing, and we are developing new domestic markets for recycled materials by setting national standards for recycled content in roads and making recycled products a focus of procurement for infrastructure, defence estate management and general government purchasing.
“Our targeted investment will grow Australia’s circular economy, create more jobs and build a stronger onshore recycling industry.
“Companies are already moving with The Pact Group announcing a $500 million investment in facilities, research and technology, Coca-Cola Amatil committing to new recycling targets, and Pact, Cleanaway and Asahi Beverages establishing a $30 million recycling facility in Albury.”
The unparalleled expansion of Australia’s recycling capacity follows the 2019 National Waste Policy Action Plan, Australia’s government ban on exports of waste plastic, paper, glass and tyres, and this year’s first ever National Plastics Summit.

More Than Half A Billion Dollars To Unlock Infrastructure Jobs In Victoria

The Commonwealth and Victorian Governments will support construction jobs across Victoria by jointly investing an additional $525 million to deliver shovel-ready infrastructure projects and urgent road safety upgrades.
Prime Minister Scott Morrison said further investment in infrastructure would play a critical role in the Commonwealth’s JobMaker plan and help the Victorian economy as it recovers from the COVID-19 pandemic.
“Partnering with State and Territory Governments to invest in more infrastructure projects across Australia is a key part of our JobMaker plan to rebuild our economy and create more jobs,” the Prime Minister said.
“This funding injection means we have brought forward or provided additional funding in excess of $830 million to Victoria in the past eight months.
“This package builds on the fast tracking of $514 million for infrastructure in Victoria which we announced last November, locking in priority upgrades that will bust congestion, increase productivity, improve safety, and boost jobs at a time we need it most.”
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Government has worked with the Victorian Government to provide additional funding for two key infrastructure projects.
“We are providing an additional $178.2 million towards the Regional Rail Revival package in Victoria, bringing the total Australian Government contribution to this project to $1.8 billion,” the Deputy Prime Minister said.
“The Federal Government will also provide an additional $70.6 million in funding to complete the duplication of the Princes Highway East between Traralgon and Sale, bringing the total Australian Government contribution to $202.6 million for this project.”
Federal Treasurer Josh Frydenberg said the additional $320 million in federal funding had taken the Commonwealth’s infrastructure investment in Victoria to more than $29.5 billion.
“Federal funding for this package has been drawn from the recently announced $1.5 billion allocation to priority shovel-ready projects and targeted road safety works and is in addition to our existing commitments,” the Treasurer said.
“We will continue to work closely with both levels of Government in Victoria to get Victorians home sooner and safer whilst creating jobs and supporting our economic recovery.”
The Victorian Government will also provide $179.8 million towards the two key projects and $25.7 million for targeted road safety works.
Premier of Victoria Daniel Andrews said the road and rail projects will better connect Victorians and provide a boost for major regional centres.
“This partnership with the Commonwealth will build projects regional communities need and help keep our construction industry strong – which is more important than ever right now as we rebuild from the pandemic,” the Premier said.
“This package is on top of our $2.7 billion we’re investing in new projects across the state to get shovels in the ground – and boots in the mud – to kickstart our economy.”
Minister for Population, Cities and Urban Infrastructure Alan Tudge the said funding injection would deliver shovel-ready projects for Victoria.
“This funding will significantly boost the Regional Rail Revival Package, helping to improve conditions for train passengers on their journeys to and from Melbourne,” Mr Tudge said.
“At the same time, investment in targeted road safety works and the Princes Highway duplication will mean safer, reliable roads for thousands of Victorians.”
Victorian Minister for Transport Infrastructure Jacinta Allan said this investment built on the State Government’s investment in roads and rail in regional Victoria.
“We’re building the transport infrastructure to support better connections to our regional cities and country towns and deliver safer roads and more reliable regional rail journeys.”
The jointly-funded package is supported by investments from the Commonwealth ($320.3 million) and Victorian Government ($205.5 million).
VICTORIAN INFRASTRUCTURE PACKAGE
Shovel-ready projects

Project Federal funding Total funding
Regional Rail Revival – Additional Funding $178.2 million $307.3. million
Princes Highway East – Complete Duplication between Traralgon and Sale – Additional Funding $70.6 million $121.3million

Road safety upgrades

Project Federal funding Total funding
Western Freeway between Woodmans Hill to Dowling Road, Miners Rest Safety Improvements $8 million $10 million
Thompson Road, North Geelong $3.7 million $4.6 million
Intersection safety upgrades on 30 high-speed, high-risk rural intersections $16 million $20 million
Ballarat Road and Hulett Street intersection improvements $4 million $8 million
Midland Link Highway, Midland Highway to Magills Lane Safety Improvements $3.2 million $4 million
Corio-Waurn Ponds Road, Geelong, Separation Street Bridge Improvements $3.4 million $4.2 million
Bandiana Link Road Safety Improvements $400,000 $500,000
Pedestrian and Safer Schools – Urban $6.5 million $13 million
Pedestrian and Safer Schools – Regional $5.2 million $6.5 million
Midland Highway/Clyde Road Safety Improvements $5.2 million $6.5 million
Glenelg Highway/Eurambeen-Stratham Road $2.4 million $3 million
Omeo Highway (Omeo and Mitta River) $1.1 million $1.4 million
Benambra-Corryong Road $500,000 $600,000
Tyers Road/Scubby Lane/Crosses Road Safety Improvements $800,000 $1 million
Western Freeway realignment at Pykes Creek $4 million $5 million
Traralgon-Maffra Road and Moe-Glengarry Road intersection improvement $2.4 million $3 million
Surfcoast Highway, Reserve Road/Felix Street Intersection Improvements $1.7 million $2.1 million
Geelong-Portarlington Road, Wilsons Road Intersection Improvements $2 million $2.5 million
Wendouree Station – local traffic calming $1 million $1.3 million
Total $320.3 million $525.8 million

Greens announce new climate targets as modelling shows higher 2030 targets needed to meet Paris goals

Greens Leader Adam Bandt has released new analysis showing that because pollution has increased so much since the Liberals repealed the carbon price, Australia’s emissions reduction targets would now need to be at least a 48% cut on 2005 levels by 2030 to be consistent with the Paris Agreement aim of keeping global warming well below 2 degrees. So much of the carbon budget has been spent that future governments will need to tighten their carbon belts even further, not relax targets as has been mooted. To limit global warming to the Paris goal of 1.5 degrees, the analysis finds that Australia’s target would have to be a 75% reduction on 2005 levels by 2030.
–See briefing paper for full details in attachment below–
Mr Bandt also announced that the Greens – who agree with Paciifc Island countries that the world should aim to limit global warming to 1.5 degrees – have adjusted their climate targets to reflect this new analysis, announcing a new policy of 75% cut on 2005 levels by 2030 and net-zero emissions by 2035. The endorsement of the new position by the Australian Greens Party Room yesterday comes ahead of the Eden Monaro by-election, where the Greens are urging voters to send a message to the government about the climate crisis.
“Since the Liberals repealed the carbon price, pollution has gone up and Scott Morrison is blowing our chance of meeting the Paris Agreement goals,” Greens Leader, Adam Bandt said.
“The science is clear. The Liberals have spent so much of Australia’s carbon budget that we need to do even more over the next decade, not less.
“The Paris Agreement says we should limit global warming to well below 2 degrees while also fighting to limit heating to 1.5 degrees, which is what our Pacific Island neighbours want.
“The Liberals have us on track for over 3 degrees of global warming, and by walking away from a stronger 2030 target, Labor looks like giving up on the Paris Agreement as well.
“Going to the next election with anything less than a 48% cut by 2030 means abandoning the Paris Agreement.
“The only pathway for climate action is to turf the government out, put Greens into balance of power and implement a Green New Deal.”
“The science shows that to stop runaway global warming, Australia needs to cut our pollution by three quarters over the next decade and then get to zero five years after that. It is challenging, but with a Green New Deal we can do it.
“The climate doesn’t care about politics. Liberal and Labor can’t claim to be implementing the Paris Agreement without lifting their 2030 targets significantly.
“As ClimateWorks has shown, we can cut pollution by 75% by 2030 with available technology. It just needs an Australian government to show some leadership to make it happen,” Bandt said.
 

Arts industry loses four times as many jobs as construction, receives a third of the support

ABS stats released today show the arts and recreation industry has lost four times as many payroll jobs as the construction industry but has received a third of the support, highlighting just how inadequate the Morrison Government’s arts and entertainment industry package is, the Greens say.
Greens Spokesperson for the Arts Senator Sarah Hanson-Young said:
“The construction industry is receiving a package worth three times as much as the arts and entertainment industry despite only losing 5.3 per cent of payroll jobs compared to 24% per cent.
“These figures show how badly wrong the government has its priorities. If they are intent of saving jobs lost due to COVID19, these numbers need to be turned around, urgently.
“The government’s HomeBuilder scheme is uncapped, showing the Prime Minister is happy to give unlimited funds to an industry that is relatively unscathed in comparison to arts and entertainment.
“The Government should uncap the arts and entertainment grants package immediately. The arts and entertainment industry needs a proper commitment and real support from the Morrison Government.
“The Morrison Government is kidding itself if it thinks it has done its job when it comes to helping the arts and entertainment industry recover. The $250million arts and entertainment package announced last week should only be considered a down payment to an industry that has been amongst the hardest hit.
“The Senate Committee Inquiry into Covid19 has heard directly from the sector today that many artists and organisations will continue to miss out. The Government’s arts package has failed to deliver the support needed and the Prime Minister’s show last week is getting poor reviews.”

Governments Continue To Fail Public Schools

Australian Greens spokesperson for Education, Senator Mehreen Faruqi, has said analysis released today shows once again that federal and state governments have monumentally failed to adequately fund public schools.
Data published in The Sydney Morning Herald and The Age has shown that, over the last decade, public funding has continued to flow heavily to private schools.
Senator Faruqi said:
“Well-funded public education should be the backbone of our education system, but public schools are getting a raw deal.
“For years, private schools have been the beneficiaries of state and federal public funding programs that have systematically neglected public schools. While 99% of private schools are funded above the national standard, 99% of public schools have absolutely no pathway to the level of funding they need over the next decade.
“With the Commonwealth’s $1.2 billion so-called ‘Choice and Affordability’ fund for private schools due to start dishing out cash in July, it’s way past time for a complete rethink of school funding across the country.
“The sad reality is that over the last decade, both Labor and Liberal governments have never wasted an opportunity to hand out public funds to private schools and entrench educational inequality,” she said.

Greens call on Morrison Government to take action over Hong Kong National Security Law

The Australian Greens condemn in the strongest possible terms the Chinese Government’s decision to override Hong Kong’s legislature and pass draconian national security laws aimed at repressing the people of Hong Kong.
The Greens also called on the Morrison Government to, at an absolute minimum and as a first step, grant permanent protection for all Hong Kongers who currently reside in Australia.
Leader of the Greens, Adam Bandt, said: “Today marks 23 years since Hong Kong was returned to China under the ‘One Country, Two Systems’ principle that guaranteed that Hong Kong’s way of life would remain protected for 50 years.”
“The Chinese Government’s passage of the so-called national security law makes a mockery of the principle of ‘One Country, Two Systems’. It is clearly designed to intimidate and suppress the people of Hong Kong who are legitimately calling for freedom and democracy.
“This is a weapon of repression that represents a threat to human rights and to all those in Hong Kong who have chosen to protest in the last year.”
“On behalf of the Greens, I offer solidarity to protesters in Hong Kong who are no doubt fearful of what this new law means for them. The Australian Greens once again call on the Morrison Government to take concrete diplomatic actions to support Hong Kongers standing up for democracy,” Bandt said.

More missiles won't make Australia safer: Greens

Leader of the Australian Greens Adam Bandt has today said the government’s commitment to spend over $270 billion on defence would not make Australia safer and was a reprehensible use of public money while people are still living in tents in Eden-Monaro and suffering poverty in Australia.
“Spending billions more on weapons won’t make Australia safer and may in fact increase tensions in the region. This move will just add to increasing militarisation in our neighbourhood,” said Mr Bandt.
“Scott Morrison’s move ignores the biggest threat to security in the region, which is the climate crisis, and is a misuse of public money while millions are jobless and bushfire survivors are still living in tents.
“If there’s enough money to unnecessarily arm Australia to the teeth, then there’s enough money for job-creating projects that tackle the climate crisis, help the millions who are jobless and lift Australians out of poverty.
“Australia cannot outgun China. As a small to medium-sized power, our security lies in joining with other like-minded countries to strengthen multilateral institutions and ensure a rules-based international order.
“The 2016 Defence White Paper suggested there was only a remote possibility of a military attack on Australia. The only thing that has changed since then is that Donald Trump is up for re-election, he is lashing out erratically and now Scott Morrison is now tying Australia up in US domestic politics.
“Australia has become too dependent on China economically and too dependent on the US politically. Instead of just implementing the Pentagon’s procurement plan, Australia needs an independent foreign policy.
“For this military spend, we could open up free university and TAFE to everyone who wanted it, and offer every parent free childcare. The $270 billion would fund bringing dental care into Medicare six times over, and build the 500,000 public homes needed to end homelessness twenty times over.”
Australian Greens Defence Spokesperson Jordon Steele-John said that where possible, conflict should be avoided, not won.
“The Government’s actions are undermining peace. There are far better ways to avoid conflict than wielding a bigger stick, and peace and stability should be the ultimate goal” Senator Steele-John said.
“Stability in the Pacific means, good diplomacy and importantly, avoiding conflicts over resources as a result of the climate crisis and a global pandemic.
“Security analysts have warned that without action on the climate crisis, Australia will be in ‘disaster alley’ as nations fight over basic resources such as food, fibre and fuel. If Scott Morrison was serious about national security, we’d be taking action to ensure everyone had access to basic resources, not buying bigger guns and missiles.”