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West Australian
17 minutes ago
- West Australian
Barnaby Joyce delivers first Coalition bill in 48th Parliament, calling for net zero goal to be repealed
Nationals maverick Barnaby Joyce has delivered his net zero repeal bill to Parliament while dispelling suggestions that Sussan Ley's leadership is being undermined. As the new Opposition leader settled into her second week in at the dispatch box, the Coalition's internal climate wars flared again as Mr Joyce forged ahead with his private members bill. The one-time Nationals leader told Parliament the emissions target harmed Australian jobs and industries. 'Why are we doing this to ourselves? Whether it's pie shops or hairdressers, it doesn't matter. It's hurting the Australians,' Mr Joyce said when introducing the bill. He had earlier labelled the policy 'totally, utterly illogical' when flanked by fellow Nationals — including ex-leader Michael McCormack — and a flock of farmers for a press conference on the forecourt of Parliament House. 'Net zero in Australia will have zero effect on the climate,' he said. 'The only thing it's affecting is our nation's capacity to defend itself, our manufacturing's capacity to continue on, and the dignity of the lives of people who can't afford the cost of living.' It makes the first bill that the Coalition have brought forward in the first few sittings of the 48th Parliament as one to scrap action on climate change. The push comes despite the fact both the Liberal and National parties are still reviewing their climate policies in the wake of their 2022 election loss. Asked if he was undermining Coalition leadership and the post-election review, Mr Joyce said he wasn't acting to offend politicians 'on a good wicket' but stick up for pensions struggling to pay their bills. Among the handful of Nationals out on Monday, Queensland Liberal Groom MP Garth Hamilton spoke alongside Mr Joyce — urging Coalition to have a 'mature' conversation around net zero. 'It's okay for us to discuss the impact on the economy that net zero is having. There's not some moral Rubicon that we're crossing by doing this,' Mr Hamilton said. Despite the full-court-press backing Mr Joyce on Monday morning, Nationals leader David Littleproud downplayed suggestions the bill undermines his authority. He said Mr Joyce's move doesn't threaten his leadership and that '19 very independent' Nationals MPs will make up their own minds. His deputy Kevin Hogan backed the leader and his decision to launch a review 'at the will of the room'. He also noted Mr Joyce's 'passion' on the issue, saying 'good on him'. 'This is what we're here for. This is Canberra in action. We're not a croquet club,' he told Sky News. Among those to speak along Mr Joyce on Monday was Yass Valley Council Mayor Jasmin Jones who labelled net zero an 'insane quest of virtue signaling' and expressed her support for Barnaby's 'Top Gun: Maverick' bill. She said hundreds of turbines in the regions under Labor's renewables push would make responding to bushfires more difficult and jeopardize beef producers' quality through the 'shedding of microfibre'. Delivering the bill in the House of Representatives on Monday comes after several State branches voted to take an axe to the target of net-zero greenhouse gas emissions by 2050. It includes a motion by WA Liberal party at the weekend, which was carried with an overwhelming show of support. It is expected that Queensland's LNP conference this weekend will also host a similar motion. Later on Monday, One Nation's Pauline Hanson is expected to bring an urgent motion into the Senate, which some Coalition members are expected to back. Greens agriculture spokesperson Peter Whish-Wilson described Mr Joyce's push as a 'predictable attack', 'out-of-touch' and 'reckless'.
AU Financial Review
2 hours ago
- AU Financial Review
White's prolonged shadow makes WiseTech succession an inside job
Welcome to the big leagues Zubin Appoo, a 44-year-old tech executive from Sydney's Hollywood Hills district, who's made one of the biggest career leaps ever seen on the ASX. At the start of the year, Appoo was running the United Church's online marketplace Find a Carer – a website that connects older Australians or those with disabilities, with just $155,000 in issued capital and a few dozen staff (tops).
9 News
4 hours ago
- 9 News
Revealed: Millions of Aussies unable to afford retirement
Your web browser is no longer supported. To improve your experience update it here More than 4 million Australians worry they won't be able to afford retirement, new research shows. Up to 20 per cent of Australians fear they will not gain enough from their super or other investments to ever stop working, while one in five said they will have to cut back on their spending, a study from Finder revealed. The Association of Superannuation Funds of Australia recommends singles have $595,000 tucked away and couples have $690,000 to live comfortably in retirement. Millions of Australians now fear they won't be able to afford retirement. (Getty Images/iStockphoto) According to data from the ATO, the average Australian has about $172,000 in super, but the median sits at $66,000 for men and $52,000 for women. As a result, the retirement dream could be out of reach for many Aussies. "Insufficient super or savings could see millions of Aussies facing financial strain in their later years," Pascale Heylar-Moray from Finder said. "More and more people are worried that retirement will arrive before the money does, leaving them underprepared." This means more will have to fall back on measures such as the Age Pension, but Heylar-Morey warns this may not be an option for some: "The Age Pension isn't guaranteed, your assets could disqualify you from receiving it". A further 27 per cent of Aussies are still unsure if they will have enough super to get by in retirement, and 10 per cent believe they will need to utilise other investments to meet the shortfall. Australians are trying to find new measures to be able to retire comfortably (Getty Images/iStockphoto) Aussies are now looking to find new measures to avoid financial pain. Salary sacrificing, where people can send a percentage of their wage directly into their super, can also help build a larger safety net. "Super earnings below $30K are taxed at a maximum of just 15%, which means salary sacrificing into super could help grow your wealth while also lowering your tax," Heylar-Morey said. She also suggested Aussies consistently monitor the performance of their fund. "Make sure that you aren't stuck in a poorly performing fund," she said. "And check regularly that your employer is paying your 12% superannuation Guarantee contributions on time." The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. national money finance Cost of Living Australia CONTACT US
