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Federal politics live: Uptick in unemployment is 'unwelcome but unsurprising': Chalmers

Federal politics live: Uptick in unemployment is 'unwelcome but unsurprising': Chalmers

Treasurer Jim Chalmers is playing down concerns about a recent uptick in the unemployment rate, describing the figures as unwelcome but unsurprising.
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Campaigners say tanker carrying Russian oil to dock in WA
Campaigners say tanker carrying Russian oil to dock in WA

Daily Telegraph

time2 hours ago

  • Daily Telegraph

Campaigners say tanker carrying Russian oil to dock in WA

Don't miss out on the headlines from Breaking News. Followed categories will be added to My News. A tanker purportedly full of Russian oil is set to dock in Western Australia within days, despite sanctions being in place against Moscow, Ukrainian and anti-Russian oil campaigners According to DFAT, the 'import, purchase or transport' of several goods is prohibited 'if they were exported from, or originated in, Russia'. That includes oil and petroleum products. The ship Seferis left Sika in India two weeks ago full of oil from the Jamnagar refinery, and it is due to arrive in the outer-Perth suburb of Kwinana by 4am Sunday. The Jamnagar refinery is notoriously fed by Russian crude oil, with as much as 55 per cent of their 2025 stock coming from the European pariah. This means the imported oil, which originated in Russia, could end up fuelling Australian vehicles on the road. Anti-Russian oil campaigners allege this ship is full of covertly imported Russian oil The alarm has been raised about a 'loophole' that allows Russian oil to be bought and sold in Australia, with local campaigners and parliamentarians calling for immediate action. Independent federal MP Andrew Wilkie raised the issue in Question Time on Thursday, asking the Defence Minister Richard Marles 'Why are the loopholes in our sanctions so big you can drive a tanker through them?' 'In July, two vessels reportedly docked in Botany Bay, with some 175,000 tonnes of petrol from the Jamnagar refinery in India, which uses up to 55 per cent Russian oil,' Mr Wilkie said. 'So these vessels effectively carry some 90,000 tonnes of Russian-sourced petrol, paid for by Australians, which will help fund Putin's war in Ukraine.' Independent MP Andrew Wilkie questioned the government about the 'loophole'. Picture: NewsWire / Martin Ollman Mr Marles largely avoided the question instead focusing on the sanctions that had been put in place. 'Sanctions, which is the topic of the question the member has asked, is an important part of what we are putting in place to stand with Ukraine,' Mr Marles said. 'And our government will stand with Ukraine. 'I know the Australian people will stand with the people of Ukraine for as long as it takes for Ukraine to resolve this conflict on its terms.' The loophole has recently been closed in the European Union, which has banned the importation of petroleum products refined form Russian crude oil in its 18th sanctions package against Russia. Defence Minister and Deputy Prime Minister Richard Marles defended Australia's sanctions. NewsWire / Simon Bullard. The Australian Federation of Ukrainian Organisations has urged Australia to take similar action. 'This decisive action closes a glaring and deeply exploited loophole that has allowed Russian crude to enter global markets through refineries in third-party countries – undermining sanctions and fuelling the Kremlin's war machine. 'We urge the Australian government to take similar action and close this loophole in Australia's own sanctions regime. 'Since February 2023, Australia has imported an estimated $3.7bn worth of Russian crude, as a component in refined petroleum products from Indian refineries – sending around $1.8bn in tax revenue to the Kremlin. 'This flow of profits directly helps fund Russia's brutal war against Ukraine.' Originally published as Tanker carrying Russian oil set to dock in WA despite sanctions, campaigners say

Australians should be ‘very afraid' of the Treasurer's economic roundtable
Australians should be ‘very afraid' of the Treasurer's economic roundtable

Sky News AU

time4 hours ago

  • Sky News AU

Australians should be ‘very afraid' of the Treasurer's economic roundtable

Sky News host Steve Price says Australians should all be 'very afraid' of what might come of next month's economic reform roundtable. Australia's ailing productivity will be the subject of the roundtable led by Treasurer Jim Chalmers next month where leaders across business, politics and unions will discuss the nation's poor growth. Economic and productivity reform was a lower priority during the Albanese government's first term, despite slow growth and the country sitting in a per capita recession.

Australia, UK solidify AUKUS deal as Pentagon review raised at high-level Australia-UK talks in Sydney
Australia, UK solidify AUKUS deal as Pentagon review raised at high-level Australia-UK talks in Sydney

West Australian

time5 hours ago

  • West Australian

Australia, UK solidify AUKUS deal as Pentagon review raised at high-level Australia-UK talks in Sydney

Despite fears the Trump administration could abandon AUKUS, Australia and the UK have pressed ahead, preparing to sign a 50-year agreement they hope will cement the submarine pact. Defence Minister Richard Marles, Foreign Minister Penny Wong, and their UK counterparts John Healey and David Lammy unveiled the new treaty during the annual AUSMIN meeting in Sydney. The Pentagon's review of the trilateral submarine plan had been raised during the high-level talks on Friday, Mr Marles said. Both defence ministers sought to ease concerns, welcoming the still-ongoing review, with Mr Marles cushioning it as 'the most natural thing in the world' for a new government to reassess such a major deal. 'We've welcomed the review, which is being undertaken by the Trump administration. We spoke today about how both of us — both countries — can contribute to the review,' he said. 'When we came to Government back in 2022, we undertook the Defence Strategic Review. When the UK Government came to power, they, in turn, undertook a review. This is a very, very natural step.' Australia had spearheaded the AUKUS pact in 2021 under then-Prime Minister Scott Morrison, after recognising the country needed to rapidly upgrade its defence capabilities. Labor then agreed to continue it. But Mr Trump's return to the White House in January has sparked new doubts over the pricey pact, as Washington slaps controversial tariffs on multiple countries, including close allies UK and Australia. Australia has also been pressured to increase defence spending in line with the NATO agreement for governments to raise their expenditure to 5 per cent of their country's GDP by 2034. While Australia currently spends about two per cent of its GDP on defence — on track to rise slightly above 2.3 per cent by the end of the decade — Washington has signalled that may not be enough. The UK's increase to 2.5 per cent of GDP by the end of the decade, equivalent to an extra £75 billion, was announced at last month's NATO summit and welcomed by US officials. The Coalition welcomed the UK-Australia treaty but called for defence spending to be increased, urging the Albanese Government to show greater commitment to the US. 'The Albanese Government must urgently demonstrate the same clarity and commitment with the United States,' a joint statement by shadow ministers Michaelia Cash and Angus Taylor said: 'Particularly in light of the Pentagon review, to reassure our partners that Australia can deliver on its contributions and, in turn, secure continued US backing for the agreement. 'Australia must do what we can to ensure AUKUS' longevity and success.' 'At a time of rising global instability, sustained underfunding risks weakening Australia's deterrence and damaging trust in our alliances,' they said. 'The Government must match its rhetoric with investment, and we stand ready to support a bipartisan pathway to deliver the capabilities our nation needs.' Australian Strategic Policy Institute senior analyst Euan Graham said it could be contributing to current alliance tensions. The pressure comes ahead of summit season, where the Prime Minister Anthony Albanese hopes to land his first meeting with Donald Trump. The Prime Minister has dodged questions on when he'll meet the US President after their planned G7 meeting fell through, with Opposition Leader Sussan Ley attacking the lack of progress during the first sitting of the new Parliament this week. Dr Graham said while the UK could support long-term ambitions, Australia still faced a near-term capability gap it would need the US to fill. He said Australia still had an interim reliance on US-made Virginia-class submarines — set to be acquired in the early 2030s, while waiting for the AUKUS subs to be delivered in the 2040s. 'It doesn't solve the issue of the gap between now and when those submarines start being delivered,' he said. 'That's where the American Virginia class gap-filling really comes into play.' But he reiterated that the AUKUS arrangement was a three-nation pact and can be reinforced by each side, saying if confidence dips in one party, strengthening ties with the others can help balance it out. 'This is a clear commitment from the UK to honour its side of the bargain, and I think hopefully that should steady some of the nervousness around Washington's commitment levels,' he said. Greens Senator David Shoebridge blasted the new treaty, calling it a backward step that enriches foreign arms companies and damages regional ties. 'Australia needs to look to our region, not tie our future to a dying empire a world away. All this will do is line the pockets of foreign arms companies and alienate our neighbours,' Senator Shoebridge said. But Dr Graham said Australia must pay to play, and it was necessary to offshore work because Australia lacks the technology to produce the subs on its own. 'If Australia wants capability, it has to buy it. It can't produce it itself,' he said. 'As part of that, Australia is committed to directly investing in the defence industrial base of both countries. 'That's money that's going to leave Australia and go into other countries, but those other countries are providing a service. It's like anything else.' Mr Marles expressed the importance of Australia's 'oldest relationship' with Britain amid global uncertainty and a 'great power contest' in the region. UK Foreign Secretary David Lammy labelled the AUSMIN talks as ' focused and constructive' and the pact a 'landmark treaty' which was necessary in a 'turbulent world'. 'It's clear that the UK-Australia relationship is an anchor in what is a very volatile world, providing stability in troubled waters and a relationship that holds steady,' he said. 'Whichever way the geopolitical winds are blowing . . . I think we're sending a clear signal, a signal of the UK's commitment to this region of the world.' He said the UK was determined to keep the Indo-Pacific 'free and open'. Senator Wong said the relationship was rooted in shared values and interests, but it was important to 'modernise' the partnership to meet current global challenges. 'We all know we face the most challenging, strategic circumstances since World War II. More conflict, more contest, a multilateral system under strain,' Senator Wong said. 'And against that backdrop, the partnership between our nations matters even more. And we are determined to work together to modernise our partnership, to take the world as it is, but to work together to shape it for the better. 'We've had an excellent set of discussions today.' Both parties will travel to Mr Marles' Geelong electorate tomorrow, where the agreement is expected to be officially signed. Mr Marles and Ms Wong will also join their UK counterparts in Darwin on Sunday for the visit of the UK Carrier Strike Group, the first such deployment to Australia since 1997, taking place during Exercise Talisman Sabre 2025.

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