Mini budget sees massive negative gearing blowout, funds flow to fossil fuels

Today’s MYEFO has seen a massive blowout in the costs of maintaining Labor’s handouts.

  • Fossil fuel subsidies continue to grow, costing an unsustainable $44.3 billion over the estimates while gas companies will pay 23% less tax under the broken PRRT
  • Property investors are blowing a hole in the budget, with negative gearing soaring 18% year after year to total $29.2bn this financial year
  • For multi-millionaires, the Prime Minister’s revised super tax break for them has cost the budget $4.2 billion across the forward Estimates. 

Meanwhile, the Treasurer has warned of “difficult decisions to come”, while boasting of banking all savings in this update, instead of funding services to bring down the cost of living and protect nature.

In the middle of a cost of living crisis, this shows the government continues to prioritise tax cuts for multimillionaires ahead of workers. 

The government’s weak reforms to the gas tax have also failed, drawing $500m less than anticipated, as corporations continue to evade the Petroleum Resources Rent Tax. With a 23% drop in gas tax revenue, the downgrade is as substantial as that seen on tobacco excise. 

The Greens have again reiterated that a 25% flat levy on gas exports would solve the government’s challenges of ensuring gas exporters don’t just ship it all overseas, leaving Australians with higher energy bills. 

Senator Larissa Waters, Leader of the Australian Greens said:

“We’re in a cost of living crisis, but Labor continues to put handouts for wealthy property investors, fossil fuel subsidies and multimillionaires ahead of everyone else. 

“This mini budget from Labor sees more money go towards wealthy property investors, while they’re taking less and less from multimillionaires and giant gas corporations.

“People with a dozen houses or $15 million in their super don’t need a helping hand from the government – but Labor’s continuing to put them ahead of everyone who works for a living.

“Millions of people are doing it tough trying to find a home and keep their heads above water, but Labor is still refusing to tax multimillionaires fairly, to help raise revenue to fund more for housing or essential services.”

Senator Nick McKim, Australian Greens economic spokesperson said:

“The increase in negative gearing is obscene and confirms that property speculators are the big winners from Labor’s so-called housing reforms.”

“Labor seems to have totally given up on demanding any tax from offshore oil and gas extraction.”

“This is a slap in the face to ordinary Australians who are working hard and paying tax.”

“There is so much more that could be done to make big corporations and the super wealthy pay their fair share of tax so we can invest in protecting nature and supporting the millions of Australians struggling to make ends meet.”

“Labor may have given up on a fairer economic system, but the Greens will not.”

Greens back Gun Safety Alliance Plan in NSW Parliament

The NSW Parliament will be recalled on Monday 22 December in the afternoon and Tuesday 23 December, the only items of business will be a condolence motion and legislation arising from the Bondi incident.

It is understood this includes stronger gun laws that will set the pace for national reform in the wake of the horrific antisemitic mass shooting in Bondi.

The Australian Gun Safety Alliance, made up of Australia’s leading public-health, community-safety and firearm-harm prevention organisations, have released a ten-point blueprint for gun reform.

Greens MP Sue Higginson has written to the Premier and to Opposition Leader Kellie Sloane offering to pass the reforms contained within the Alliance’s ten-point plan through NSW Parliament.

Greens MP and Spokesperson for Justice Sue Higginson said:

“The guns used to inflict the horrifying antisemitic killings and violence on Bondi beach should never have been in the hands of the hate fuelled depraved shooters and the fact that they were, is a failing of our gun laws and their implementation,

“The Premier has identified reforms to enable greater consideration of intelligence by police when licensing firearms. What he has not mentioned is that the Firearms Act already provides for consideration of criminal intelligence, but it has been limited in its application. Police need to be able to undertake and rely upon a broad range of intelligence from all intelligence agencies when we are talking about gun safety,

“The organisations working to curb gun violence have put forward an evidence-based plan to ensure some of the world’s tightest gun laws in the wake of this horror, and it’s time for us as lawmakers to unify around these reforms,

“Now is the time to heed the advice of experts, advocates and survivors and rule out recreational hunting as a genuine reason to own a firearm. We must not forget that we came very close in NSW this year to relaxing our laws around recreational hunting. It was the work of the experts and the community who stopped this,

“It’s essential that we outlaw political donations from the gun lobby. Public policymaking on an issue as serious as gun reform cannot be affixed to politics or political donations in any way,

“It is very concerning that the gun lobby and their allies are using racism to obfuscate the failures of gun control and laws in this moment, which is exactly what we see in America. Australia is not America and we cannot go down America’s path in our rhetoric or our law,

“The Greens stand willing to work with the Government and the Opposition to pass world-leading strong gun law reform through the NSW Parliament,

“In the wake of the Port Arthur Massacre we came together and walked in the right direction on gun restrictions, and now is the moment that all sides of politics must unify to walk in the right direction again,

“Of course we must also tackle antisemitism and extremism at its root, but the reality is that antisemites have used guns to murder innocent people. Removing those guns is the most immediate action we can take to curb violent extremism.”

Crackdowns on civil liberties are a step in the wrong direction

The NSW Greens have grave concerns about proposed new laws to allow police to refuse all peaceful assemblies during undefined periods of terrorism designations.

Greens MP and Spokesperson for Justice Sue Higginson said:

“In the aftermath of the horrific antisemitic Bondi Beach mass shooting, Australians have been called upon to unify, to wrap our arms around the Jewish community, and to check in on one another, and we must all heed those calls,”

“We have not been called upon to divide communities by infringing upon civil liberties. Peaceful assembly is a fundamental civil liberty and now is not the time to restrict our civil liberties. The Government should not do this,”

“If the Government is hell bent on doing this they must at the very least make such powers temporary, otherwise this move will be read in history as disingenuous opportunism,”

“There is such an important distinction to make between peaceful and nonviolent protests for peace, and gatherings with the express intention of hate speech, hate preaching, or violence. Police have so many tools at their disposal to address gatherings where hate speech may occur, and they should use those tools,”

“Now is the time for unity in the fight against all forms of hate and radicalisation. We need to make laws and take action based on evidence, reason and need,”

“Together with the Greens, the NSW Government has a chance to pass world-leading gun reform which will remove guns from extremists who would seek to harm the innocent. I think it’s such a shame to depart from that by assigning blame to peaceful protests in this moment,”

“I hold serious concerns that controversial changes to protest laws are counter-productive to the aims of genuine social cohesion right now. These laws, like other anti-protest laws before them, seem to me like they will face significant headwinds in the Courts due to their potential to infringe on our freedom of political communication within the Constitution,”

“Our protest laws are already some of the most restrictive in the world. Form 1 applications can be refused on the grounds of genuine risks to public safety,”

“There are no planned demonstrations right now, in fact many events including events calling for peace in Gaza have been postponed out of respect. I think the Premier’s assumption that a disrespectful demonstration could occur is out of step with the outpouring of respect, love and compassion we have seen from the people of New South Wales,”

“We are entirely committed to tackling antisemitism and racism wherever it occurs, limiting peaceful assembly is not how we do this,”

“For most of this year in the NSW Parliament the Greens have been opposing efforts to water down gun laws and calling for more investment in programs to counter violent extremism,”

“We have so much evidence about what solutions exist to tackle hate speech and violence and we should all be coming together to enact those solutions. It is such a shame to see a divisive response in these circumstances.”

Optus failures show telco must have its license reviewed

Senator Sarah Hanson-Young, Greens spokesperson for communications and Chair of the Senate Inquiry into Triple 0 service outage:

“This is a damning report of the culture within Optus, their contractor Nokia and the entire Triple 0 system. It is deeply concerning to see laid bare how many mistakes were made along the way and how Optus did not have the processes in place to manage such a failure.

“Optus’ failures were systematic and widespread. Optus failed at every step – they failed to keep their customers safe and failed to ensure the public and government were informed. The company prioritised its own interests over the needs and concerns of its customers and stakeholders.

“For too long, Optus has put profits ahead of safety and its customers. The company must face serious consequences for its failure.

“The Government must now review Optus’ licence and licence conditions. Going soft on the telco is not an option.

“The Government must lead an urgent review into the camp-on provisions that also failed in this incident. It is simply not good enough to have calls taking 40-60 seconds to connect and this needs urgent action.

“The Triple 0 system is clearly not fit for purpose and requires a serious overhaul, to ensure it both works and is trusted by all Australians. Big telcos like Optus view the delivery of emergency service calls as a chore, not as an essential service.

“The ACMA has failed to hold these big companies to account. It’s an open secret that ACMA is a light touch on industry, putting public safety at risk. It’s time for a root and branch review and new leadership of the regulator.

“Optus and Singtel representatives will be called back before the Senate inquiry early 2026.”

Greens respond to Albanese’s proposed measures to combat hate speech

The Greens would welcome positive reform to eradicate dangerous hate speech but will closely review Labor’s proposal to ensure it does not unreasonably restrict free political speech.

Greens Justice and Foreign Affairs spokesperson, David Shoebridge:

“There is a case for targeted measures to address genuine hate crimes linked to violence or the promotion of violence. 

“We have seen the dangers of racist vilification and dog whistling that compels people to violence. We saw it in the 2019 Christchurch mosque shootings and again on Sunday at Bondi, it must be stamped out.

“However, the lessons from the UK and other jurisdictions is that simply banning organisations can lead to more division.

“In an open society there must be scope to freely criticise the actions of state actors that engage in acts of violence or discrimination.

“Simply outlawing criticism is not an answer to complex international issues.

“We are committed to working constructively on positive reforms and have always resisted efforts from the Coalition to water down existing anti-vilification laws.

“Any action the federal parliament takes must also be consistent with the constitutional limitation that prevents any parliament from unreasonably restricting free political speech.”

Greens Deputy Leader and spokesperson for Anti-Racism and Higher Education, Mehreen Faruqi:

“This tragic attack in Bondi has brought to the fore the urgent need to address antisemitism and racism comprehensively. We continue to call on the government to fully fund and implement the National Anti-Racism Framework, which is a roadmap to tackling systemic and structural racism.

“We must not head down a path where academic freedom and freedom of speech on university campuses are compromised. That will not make anyone safer. We can and must address Antisemitism, Islamophobia and all forms of racism in our society without criminalising debate or peaceful protest.

“It is deeply shameful that there are conservative politicians and media who are weaponising this tragedy to continue pushing a hateful political agenda and demonising peaceful protesters at a time when the whole country is grieving. This is a time for people to come together in care, support, and solidarity and for political leaders to take action to protect communities.”

Statement of support

A joint statement of support from Australia’s Chief Medical Officer, Chief Nursing and Midwifery Officer, Chief Allied Health Officer, and Chief Psychiatrist.

We join our fellow Australians in condemning the terror attack at Bondi Beach. We extend our deepest condolences to the families and friends who have lost loved ones in this atrocity. 

We acknowledge and thank the first responders, including paramedics and police who bravely acted to save lives and help those seeking safety. 

We acknowledge and thank the health professionals and citizens who were at the beach and lent their support to care for the victims and shelter and support the survivors. 

We acknowledge and thank doctors, nurses and other health professionals, who worked through the night and those who continue to treat the wounded at hospitals across Sydney. 

And we acknowledge and thank all our nation’s health professionals who will today, and in the days ahead, be counselling and supporting Jewish patients and colleagues, and the many other people across Australia who are deeply impacted.

The health professionals of our nation need to stand united against terrorism and in support of the people who need our assistance. 

Events like these can be unsettling and challenging. They can cause a range of emotions for those involved, and also for us as health professionals, our patients, our colleagues and our friends and families. It is important that we support one another during such times.

Support is also available from:

Coalition Establishes Taskforce on Antisemitism extremism and counter terrorism

The Coalition has established a dedicated Taskforce on Antisemitism, Extremism and Counter-Terrorism in response to the escalating threat posed by antisemitism and violent extremism in Australia.

Leader of the Opposition Sussan Ley said the taskforce would bring urgency and discipline to confronting a threat that endangers the lives of Australians. 

The taskforce has been established with three clear priorities:

  • First, it will drive the full implementation of the government’s own Antisemitism Envoy’s report which has sat gathering dust on the Prime Minister’s desk.
  • Second, the taskforce will focus on strengthening Australia’s counter-terrorism response. This work will examine weaknesses and emerging risks across intelligence coordination, law enforcement powers, border integrity and the monitoring of individuals on terror watchlists.
  • Third, the taskforce will undertake direct and ongoing engagement with Jewish community leaders, organisations and institutions to ensure their security needs are understood and addressed. 

The Leader of the Opposition said the country needs leadership and action, not delay. 

“The Prime Minister has said he will do whatever it takes. That means doing the hard work, not delaying it like the government has done to date,” the Opposition Leader said. 

“That must start with implementing the Antisemitism Envoy’s report in full, not shelving it or watering it down.

“ASIO has been clear. Antisemitism represents the greatest threat to loss of life in Australia, and when our intelligence agencies issue warnings of that magnitude, political leaders have a duty to act.

“No Australian should feel unsafe practising their faith, sending their children to school or gathering as a community.

“Jewish Australians should never have to look over their shoulder in their own country. Restoring safety and confidence is non-negotiable.”

The establishment of the taskforce follows the terrorist attack at Bondi Beach targeting members of the Jewish community celebrating Chanukah. 

The taskforce is also being formed in the context of the atrocities of October 7 in Israel and a sustained series of domestic incidents directed at Australia’s Jewish community over the past two years. 

These incidents have included public landmarks turned into symbols of antisemitic hate, university campuses occupied by those preaching hatred, Jewish students harassed and ostracised, homes vandalised, childcare centres targeted and synagogues firebombed, including one attack orchestrated by a foreign terrorist state.

“For too long, antisemitism has been allowed to grow in plain sight,” Ms Ley said. 

“What we saw at Bondi is the consequence of failing to confront extremism early and decisively.”

“Australians deserve more than words. They deserve action, protection and leadership.”

The taskforce held its formation meeting yesterday and will meet with the Antisemitism Envoy later today.

“The Coalition stands ready to support any serious and effective action that strengthens counter-terrorism, disrupts extremists and protects lives,” the Opposition Leader said 

“This taskforce will bring focus, discipline and urgency to confronting antisemitism and violent extremism, because the delay we have seen from the government has had real consequences.”

Taskforce membership

  • Opposition Leader Sussan Ley
  • Shadow Minister for Foreign Affairs, Senator Michaela Cash
  • Shadow Minister for Home Affairs, Senator Jonno Duniam
  • Shadow Minister for Infrastructure, Transport and Regional Development, Bridget McKenzie
  • Shadow Minister for Finance, Senator James Paterson
  • Shadow Minister for Education, Julian Leeser
  • Shadow Attorney-General, Andrew Wallace

Sunny start to 2026 forecast with new kiosk and amenities set to open in Foreshore Park

A free community event will be held at Foreshore Park next month to celebrate the completion of a key element of the Harbour Foreshore Masterplan. 

Work is almost finished on the new kiosk and assessable public toilets, which are housed in an architecturally striking building and scheduled to open in late January. 

An artist's impression of the new kiosk and amenities building in Foreshore ParkAn artist’s impression of the new kiosk and amenities building in Foreshore Park.

The new kiosk will be run by local operators Thomas and Nova Carias-Cox, who have been serving up tasty treats at the Sunnyboys kiosk at Dixon Park Beach for the past three years. 

Chair of City of Newcastle’s Asset Advisory Committee Cr Declan Clausen said the new facilities will enhance the experience of visiting Newcastle’s premier city park and major events space. 

“The Harbour Foreshore is a major drawcard for Novocastrians and visitors from across the region and beyond,” Cr Clausen said.  

“Our adopted masterplan was guided by feedback from the community and represents a shared vision for this precinct, which will activate and connect public spaces between the city and the harbour’s edge. 

“As the first project to be delivered under the masterplan, the completion of the new kiosk and accessible amenities will be a key milestone in City of Newcastle’s ongoing revitalisation of this area, providing a more convenient, comfortable and accessible experience for those visiting Foreshore Park.” 

The new amenities building is adjacent to Foreshore Park’s new regional level accessible playspace and waterplay area, which is currently under construction and expected to be completed by late next year.  

It includes unisex ambulant toilets, a parent’s change room, and a changing places facility that provides suitable facilities for people who cannot use standard accessible toilets. 

A bespoke concrete table and bench seating, along with low concrete walls, provide a mix of formal and informal seating options while a new footpath will help connect this space with existing footpaths in Foreshore Park for improved access. 

The Foreshore Park projects are supported by the NSW Government, Variety the Children’s Charity, the Touched by Olivia Foundation and the Newcastle Port Community Contribution Fund. 

State Member for Newcastle Tim Crakanthorp said the NSW Government was committed to supporting projects that provide enhanced public spaces for all members of the community. 

“Foreshore Park is a fantastic community space both for major events and for everyday enjoyment,” Mr Crakanthorp said. 

“These new amenities will provide high-quality, accessible public infrastructure for all Novocastrians to use. 

“It is great to see the new kiosk fall into the hands of local operators and I can’t wait to grab a bite to eat at Sunnyboys Park.” 

The kiosk, which will be known as Sunnyboys Park, will offer a family-friendly menu that reflects the relaxed waterside location of Foreshore Park, including fish and chips, hamburgers, sandwiches, ice creams, refreshments and coffee. 

Thomas and Nova Carias-Cox have grown up working in their family businesses and currently operate three Morning Market Coffee locations in Whitebridge, Newcastle West and Warners Bay, along with Sunnyboys kiosk at Dixon Park.  

“We’re genuinely excited to be taking on Sunnyboys Park at the Foreshore – it’s a special space in an incredible location, made even better by the new inclusive playground opening later next year,” Mr Carias-Cox said.  

“We love the idea of creating a relaxed, welcoming spot where families can spend time, kids can play and everyone can enjoy great food and coffee in the heart of the park.  

“We’re really looking forward to becoming part of the Foreshore community and bringing this space to life.” 

The completion of the project will be celebrated with a free community event, which will be held at Foreshore Park on Saturday, 31 January 2026. 

Visitors will be able to enjoy family-friendly activities, live music, treats and coffee.   

More information will be available closer to the event via the project page on City of Newcastle’s website.

Beresfield Golf Course to reopen in fore weeks under new management

City of Newcastle has appointed a new operator to run Beresfield Golf Course, with the popular Council-owned facility set to welcome back players on 14 January.

One of Australia’s leading leisure service providers, Clublinks Management, has big plans for the future of the site after signing a 15-year lease with City of Newcastle, including the addition of a multi-bay driving range, course improvements and Newcastle’s first dedicated courts for ‘padel’, a sport incorporating elements of tennis and squash, where players use paddles.

The course has been closed since 1 September following the end of the previous operator’s lease, however City of Newcastle used this time to ensure it would be in pristine condition when golfers returned.

Key upgrades included the replacement of failed bridges, and the repair and maintenance of on-course buildings and facilities, while Hunter Water also replaced the course’s major sewer main.

City of Newcastle Executive Director Corporate Services David Clarke said the appointment of Clublinks on a long-term lease will ensure Beresfield Golf Course remains a sustainable and successful community asset.

“We’ve selected the ideal operator that can leverage strong local support for our facility,” Mr Clarke said.

“Clublinks manages a range of courses such as Moore Park and Chatswood in Sydney, Bundoora Park and Centenary Park in Victoria, and Collier Park and Links Kennedy Bay in Western Australia.

“Those facilities are a mix of membership-based and public courses, all with an emphasis on a customer-first approach.

“Our recent upgrades to the course will provide a solid foundation for the long-term success of the facility under this new management, while also increasing safety for players and staff.

“We look forward to seeing the exciting improvements Clublinks is proposing for this much-loved community facility.”

CEO Anthony Lawrence said Clublinks is thrilled to partner with City of Newcastle to help revitalise Beresfield Golf Course.

“Our vision is simple – create a vibrant, inclusive space where everyone can play, laugh, and connect,” Mr Lawrence said.

“Under Clublinks’ management, Beresfield Golf Course will undergo exciting enhancements designed to make every visit unforgettable.

“Expect improved facilities, expanded programs, and innovative experiences focused on accessibility, sustainability, and outstanding service.”

Extraordinary Council Meeting Tuesday 16 December 2025

Following is a summary of resolutions from the Extraordinary Council Meeting of Tuesday 16 December 2025. NB: it is not a full record of resolutions. 

Ordinary business 

Endorsement of public exhibition for Climate Change Action Plan 2030

Council voted unanimously to place the draft Newcastle Climate Action Plan 2030 on public exhibition for a minimum of 28 days, commencing in early 2026.

Adoption of Code of Meeting Practice

Council voted unanimously to adopt a revised Code of Meeting Practice.

Endorsement of public exhibition for draft Local Streets Plan 

Council voted unanimously to place the draft Local Streets Plan: On Our Roads on public exhibition for a period of six weeks, commencing in early 2026.

Newcastle Maritime Museum Society collection

Council laid on the table the original report and instead voted to invite the Newcastle Maritime Museum Co-Chairs to attend an extraordinary meeting of City of Newcastle (to be scheduled on 13 January) in order to allow opportunity to answer any outstanding queries that exist.

Supplementary Report – Adoption of Effective Communication between Councillors and Staff Policy 

Council voted unanimously to adopt the Effective Communication between Councillors and Staff Policy, ensuring that Councillors and City of Newcastle staff are aware of what constitutes appropriate communications.

Notices of Motion 

Support for the Link Road Forest Campaign

Council supported a notice of motion to write to the Minister for Planning and Public Spaces, the Minister for the Environment, and relevant agencies seeking a joint meeting with the Lord Mayor or Deputy Lord Mayor, Councillor Adamczyk, Council’s Director of Planning and Environment, and representatives of the Link Road Forest Campaign to discuss the proposal for a National Park.

Further advocacy for the reinstatement and expansion of the Newcastle Mines Grouting Fund

Council unanimously supported a notice of motion to continue advocating to the NSW Government for the reinstatement and expansion of the Newcastle Mines Grouting Fund and look at expanding the scheme to cover more of the Newcastle LGA.

Late items

Stockton Ferry Services – Acknowledgement of prompt response by NSW Premier and Transport for NSW

Council unanimously supported a notice of motion to acknowledge the NSW Premier and the NSW Government for providing prompt reassurance and advice regarding the prompt return of Stockton ferry services, and to affirm Council’s support for future investment in a modern, low-emissions ferry fleet, including electric ferry technology.

Condolence motion for the victims of the Bondi Beach tragedy

City of Newcastle acknowledges the tragedy that occurred at Bondi Beach on 14 December 2025 and offers sincere condolences to the families and loved ones of the victims of the tragedy at Bondi Beach, noting this tragedy occurred on the first day of Hanukkah – a significant Jewish festival of commemoration.