Former finance minister Simon Birmingham to lead Australian Banking Association
The ABA is the peak industry body representing the major four banks and a number of smaller lenders.
Mr Birmingham succeeds Anna Bligh, who announced her retirement in February after more than eight years in the top job.
Mr Birmingham, who was one of the Liberal's most senior moderates, announced his retirement from politics late last year after almost two decades in parliament.
He was finance minister for the second half of Scott Morrison's prime ministership as the pandemic wrecked global economies and inflation began its steady climb skywards. He has also held trade, finance and education portfolios under two prime ministers.
Mr Birmingham will leave his role at ANZ as head of Asia-Pacific engagement, which he assumed in February. He joins the ABA on August 18, with Ms Bligh finishing up four days later.
'He is a recognised leader who has had deep involvement in significant and long-lasting policy decisions and actions throughout his career that have helped to shape our country,' ABA chair and National Australia Bank chief Andrew Irvine said.
Mr Birmingham thanked the ABA board for their vote of confidence in his ability to lead the industry.
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ABC News
11 hours ago
- ABC News
US drops sanctions on Myanmar junta's allies after military chief praises Donald Trump
The United States has lifted sanctions on several allies of Myanmar's ruling generals and their military-linked companies in a move that has prompted concern from politicians and rights groups. Junta chief Min Aung Hlaing seized power in a 2021 coup, deposing the civilian government and sparking a civil war that has killed thousands, displaced 3.5 million left and half the nation in poverty. The US Treasury announcement it would lift the sanctions came two weeks after Min Aung Hlaing sent a glowing letter of praise to US President Donald Trump, in response to his threat of tariffs, and commended him for shutting down US-funded media outlets covering the conflict. Rights groups say the decision risks undermining efforts to hold the country's military regime accountable. The US Treasury said it had dropped sanctions against KT Services & Logistics and its founder, Jonathan Myo Kyaw Thaung, who were sanctioned in 2022 for leasing Yangon's port from a military-owned firm. Others delisted include the Myanmar Chemical and Machinery Company and Suntac Technologies, which were previously sanctioned for producing arms, including tanks and mortars. A US Treasury spokesperson said the removals were conducted "in the ordinary course of business" and declined to explain why the individuals were removed from the list. A senior Trump administration official said the decision was unrelated to the general's letter. John Sifton, Asia advocacy director at Human Rights Watch, described the decision as "extremely worrying" and said it suggested a weakening of the US sanctions regime. "The individuals involved are not marginal players; they have facilitated the junta's arms imports from countries such as China and Russia," analyst Sean Turnell told the ABC. "These are people who are closely tied to Myanmar's war economy. "Lifting sanctions on them sends the wrong message." The sanctions decision comes as Myanmar's military continues deadly air strikes against civilians. In May, a junta air strike on a school in Sagaing region killed 20 students and two teachers, according to local witnesses. The strike was carried out despite a purported humanitarian ceasefire called to help the nation recover from a devastating earthquake. In July, more than 20 civilians, including children, were reportedly killed in another air strike on a monastery sheltering displaced people. Amnesty International data has shown that the military has continued importing aviation fuel despite sanctions, enabling lethal air strikes across the country. This year, the junta's China and Russia-backed forces have clawed back ground on the northern front. State media also said its soldiers managed "to fully retake" the gold mining town of Thabeikkyin this week. Early this month, as part of a slate of import tariffs Mr Trump ordered, Myanmar was notified of a 40 per cent tariff to take effect on August 1. On July 11, Min Aung Hlaing responded by proposing a reduced rate of 10 per cent to 20 per cent. US Democratic Representative Ami Bera, the top Democrat on the House Foreign Affairs Subcommittee on Asia, said the decision to lift the sanctions "goes against our values of freedom and democracy". However, White House spokeswoman Anna Kelly said that sanctions delistings "were collected over the last year in accordance with standard Treasury course of business". The US maintains sanctions against Min Aung Hlaing and two state-owned banks, the Myanma Foreign Trade Bank (MFTB) and Myanma Investment and Commercial Bank (MICB). Mr Turnell said it was important to keep individuals and banks involved in the military's procurement network on the sanctions list as it could complicate efforts to restrict the regime's access to foreign currency, which remains critical for weapons purchases. "Even Myanmar's allies, such as Russia and China, insist on payment in dollars or euros," Mr Turnell said. "That makes financial sanctions one of the most effective levers the US still holds." ABC/wires
Sydney Morning Herald
a day ago
- Sydney Morning Herald
Labor staffers could help change the nation. But there's a reason they're leaving
When old friends spot former Labor staffer Dean Sherr around Parliament House these days, they tend to say the same thing. 'In Canberra, people always say to me 'you look really relaxed',' Sherr says. Sherr left government last term, but in the months since Prime Minister Anthony Albanese secured a generational election victory and a sweeping mandate to change Australia, scores of senior Labor staff have followed him out of their jobs. Faced with a choice between helping to run the nation for three more years in a building that demands gruelling work hours, or a more stable life with less travel and vastly better pay, Labor lifers and recent recruits alike have decided to get out. 'It's a very difficult lifestyle for anyone to maintain,' says Sherr, who was a media adviser for Albanese and now works at boutique business consulting firm Orizontas. 'It's an amazing opportunity, but you make a lot of sacrifices and there's no doubt that it wears you out pretty quickly.' In past years, Coalition staff have done the same thing, capitalising on their ties to former colleagues still in government. The opposition's smaller ranks after the most recent election mean many staff have involuntarily lost their jobs too. But the recent departures from government show the flow to the private sector is bipartisan. When Katharine Murphy, a press gallery veteran and long-term political editor of the Guardian Australia joined Albanese's office as a press secretary last year, it appeared to be a coup for the prime minister's team. But in June, Murphy – who was well-liked by her former colleagues in the media – left her post with the government. Albanese also lost another high-profile recruit from the press gallery, former Channel Ten reporter Stela Todorovic. Other departures from the prime minister's office include advancer Prue Mercer, strategic communications director Katie Connolly, senior advisers Phoebe Drake and Lachlan McKenzie and media adviser Irene Oh. All up, more than 10 people left Albanese's team of around 50. Despite recent departures, the prime minister's office said a majority of staff across the government were female. The departures haven't been limited to the prime minister's office either. Penny Wong lost her long-term chief of staff Thomas Mooney – rumoured to have ambitions of a political career in South Australia – and media boss Caitlin Raper. Health Minister Mark Butler's chief of staff Nick Martin is gone. Brigid Delaney, a popular former Guardian columnist and co-creator of the hit Netflix series Wellmania, who has worked as a speechwriter for Labor frontbenchers Katy Gallagher and Tanya Plibersek, left to focus on her own media career. Plibersek's chief of staff Dan Doran has moved on, as has Employment Minister Amanda Rishworth's deputy chief of staff Lanai Scarr, a one-time political editor for the West Australian. 'This job is brutal,' said one former staffer, echoing numerous others who sometimes used more colourful language. One former senior staffer working in the corporate sector said that while working in politics, she would often pull 75- to 100-hour weeks. Life in the private sector is a comparative breeze. Those hours are consistent with working under both Labor and Coalition MPs. The 2021 Jenkins review into parliament's workplace culture found stressed and overworked employees were a risk factor for inappropriate behaviour and creating a toxic work environment. There have been several high-profile workplace cases in the years since, but the Albanese government has created an independent Parliamentary Workplace Support Service to assist staff and a parliamentary standards commission to confront bad behaviour by MPs. The former staffers mentioned in this piece either declined to comment or did not respond to a request for comment, but in either case there is no suggestion they were exposed to a toxic work culture. The long hours are often a product of ministers and staffers trying to manage the demands of politics, the media, and policy reform at the same time. Ryan Liddell, a former chief of staff to ex-Labor leader Bill Shorten, says the pressure to be constantly plugged in makes living a regular life challenging. 'As a staffer you normalise things like spending Christmas lunch on the phone to the boss while your family hands you beers,' says Liddell now running his own government relations firm Principle Advisory. 'You basically lose track of the weekends. On Sunday, you might wake up at 6.30am instead of 5.30am.' Little wonder then, that after an election period, people are taking stock of their lives, deciding they want to see their families, or go on holidays and figuring out an escape route. Quitting after the election also makes financial sense. Under the law for parliamentary staff, those who leave their jobs during an eight-week window after the election can walk away with a severance package five times what they'd otherwise get. It is 'life-changing' money, one former Labor staffer says. And life outside politics can be even more lucrative. Loading While some staffers are seeking to become members of parliament, many former aides instead find jobs in government relations, lobbying or public relations that often pay better than what the Commonwealth pays MPs, let alone staffers. A ministerial chief of staff in federal politics will generally earn around $250,000 a year, for example, with senior advisers taking home around $170,000. A government relations professional at a major corporation can earn over $320,000, several sources said on condition of anonymity to discuss their pay. In some sectors, that will also come with a range of perks unavailable to political staff: free private health insurance and gym membership, media subscriptions, travel and an entertainment budget to boot. Already, a few of the Albanese government's former staff have landed in high-profile corporate roles. Todorovic, the former Channel 10 journalist, began as local media director for PsiQuantum, the Silicon Valley quantum computing start-up that Labor has committed hundreds of millions to in loans and investment. After 14 years with Plibersek, Doran, her chief of staff, is headed to the Commonwealth Bank as general manager of government affairs. Liz Fitch, who quit as Albanese's press secretary last year, is now head of government affairs for Australia and New Zealand at Microsoft. Loading The ranks of Australia's major corporate players, from the big four banks, to Qantas, mining companies, and the like, are filled with people who have experience working on both sides of politics. Where former Labor staff see opportunities that match their skills, some integrity experts see a red flag. Chair of the Centre for Public Integrity, Anthony Whealy, describes lobbying and the flow of senior government and bureaucratic figures into the industry as a 'very nasty disease' that 'needs a good vaccination'. 'The government is not doing that well because it's falling into the habits that governments so often do, of complacency and then wanting to shut itself off from proper accountability and transparency. That's a worrying trend and I think it'll only get worse,' the former NSW Court of Appeal judge says. Former staffers dispute the notion of a neatly revolving door between politics and the private sector. Some, particularly those whose party has been thrust into opposition, can spend months finding work. 'Some staffers tend to have a bit of exceptionalism and think they'll automatically get a job by virtue of working for the PM,' one anonymous former Labor staffer says. In the end, staffers often stumble into the corporate world because it's the best offer outside of politics. Companies, especially those working in highly regulated environments, value ex-staffers' resilience and knowledge of the politico-media landscape. Loading And after years working in the pressure cooker of politics, staffers tend to be desperate for something lower stakes. 'In politics, if you miss something, or drop the ball, or make a mistake, it could be a scandal, it could be front page news, or get dredged up by the opposition,' says Sherr. Despite the horrendous hours and relentless pressure, everyone spoken to for this story described working in politics as an unforgettable honour, an emotional roller-coaster that can be become borderline addictive. 'You have some pretty amazing highs and some pretty horrific lows,' says Liddell, who left politics after Shorten's gutting 2019 election loss. Sherr says that while the opportunity to work for a Labor government was 'the job of a lifetime'. The accompanying lifestyle he can do without.
The Age
a day ago
- The Age
Labor staffers could help change the nation. But there's a reason they're leaving
When old friends spot former Labor staffer Dean Sherr around Parliament House these days, they tend to say the same thing. 'In Canberra, people always say to me 'you look really relaxed',' Sherr says. Sherr left government last term, but in the months since Prime Minister Anthony Albanese secured a generational election victory and a sweeping mandate to change Australia, scores of senior Labor staff have followed him out of their jobs. Faced with a choice between helping to run the nation for three more years in a building that demands gruelling work hours, or a more stable life with less travel and vastly better pay, Labor lifers and recent recruits alike have decided to get out. 'It's a very difficult lifestyle for anyone to maintain,' says Sherr, who was a media adviser for Albanese and now works at boutique business consulting firm Orizontas. 'It's an amazing opportunity, but you make a lot of sacrifices and there's no doubt that it wears you out pretty quickly.' In past years, Coalition staff have done the same thing, capitalising on their ties to former colleagues still in government. The opposition's smaller ranks after the most recent election mean many staff have involuntarily lost their jobs too. But the recent departures from government show the flow to the private sector is bipartisan. When Katharine Murphy, a press gallery veteran and long-term political editor of the Guardian Australia joined Albanese's office as a press secretary last year, it appeared to be a coup for the prime minister's team. But in June, Murphy – who was well-liked by her former colleagues in the media – left her post with the government. Albanese also lost another high-profile recruit from the press gallery, former Channel Ten reporter Stela Todorovic. Other departures from the prime minister's office include advancer Prue Mercer, strategic communications director Katie Connolly, senior advisers Phoebe Drake and Lachlan McKenzie and media adviser Irene Oh. All up, more than 10 people left Albanese's team of around 50. Despite recent departures, the prime minister's office said a majority of staff across the government were female. The departures haven't been limited to the prime minister's office either. Penny Wong lost her long-term chief of staff Thomas Mooney – rumoured to have ambitions of a political career in South Australia – and media boss Caitlin Raper. Health Minister Mark Butler's chief of staff Nick Martin is gone. Brigid Delaney, a popular former Guardian columnist and co-creator of the hit Netflix series Wellmania, who has worked as a speechwriter for Labor frontbenchers Katy Gallagher and Tanya Plibersek, left to focus on her own media career. Plibersek's chief of staff Dan Doran has moved on, as has Employment Minister Amanda Rishworth's deputy chief of staff Lanai Scarr, a one-time political editor for the West Australian. 'This job is brutal,' said one former staffer, echoing numerous others who sometimes used more colourful language. One former senior staffer working in the corporate sector said that while working in politics, she would often pull 75- to 100-hour weeks. Life in the private sector is a comparative breeze. Those hours are consistent with working under both Labor and Coalition MPs. The 2021 Jenkins review into parliament's workplace culture found stressed and overworked employees were a risk factor for inappropriate behaviour and creating a toxic work environment. There have been several high-profile workplace cases in the years since, but the Albanese government has created an independent Parliamentary Workplace Support Service to assist staff and a parliamentary standards commission to confront bad behaviour by MPs. The former staffers mentioned in this piece either declined to comment or did not respond to a request for comment, but in either case there is no suggestion they were exposed to a toxic work culture. The long hours are often a product of ministers and staffers trying to manage the demands of politics, the media, and policy reform at the same time. Ryan Liddell, a former chief of staff to ex-Labor leader Bill Shorten, says the pressure to be constantly plugged in makes living a regular life challenging. 'As a staffer you normalise things like spending Christmas lunch on the phone to the boss while your family hands you beers,' says Liddell now running his own government relations firm Principle Advisory. 'You basically lose track of the weekends. On Sunday, you might wake up at 6.30am instead of 5.30am.' Little wonder then, that after an election period, people are taking stock of their lives, deciding they want to see their families, or go on holidays and figuring out an escape route. Quitting after the election also makes financial sense. Under the law for parliamentary staff, those who leave their jobs during an eight-week window after the election can walk away with a severance package five times what they'd otherwise get. It is 'life-changing' money, one former Labor staffer says. And life outside politics can be even more lucrative. Loading While some staffers are seeking to become members of parliament, many former aides instead find jobs in government relations, lobbying or public relations that often pay better than what the Commonwealth pays MPs, let alone staffers. A ministerial chief of staff in federal politics will generally earn around $250,000 a year, for example, with senior advisers taking home around $170,000. A government relations professional at a major corporation can earn over $320,000, several sources said on condition of anonymity to discuss their pay. In some sectors, that will also come with a range of perks unavailable to political staff: free private health insurance and gym membership, media subscriptions, travel and an entertainment budget to boot. Already, a few of the Albanese government's former staff have landed in high-profile corporate roles. Todorovic, the former Channel 10 journalist, began as local media director for PsiQuantum, the Silicon Valley quantum computing start-up that Labor has committed hundreds of millions to in loans and investment. After 14 years with Plibersek, Doran, her chief of staff, is headed to the Commonwealth Bank as general manager of government affairs. Liz Fitch, who quit as Albanese's press secretary last year, is now head of government affairs for Australia and New Zealand at Microsoft. Loading The ranks of Australia's major corporate players, from the big four banks, to Qantas, mining companies, and the like, are filled with people who have experience working on both sides of politics. Where former Labor staff see opportunities that match their skills, some integrity experts see a red flag. Chair of the Centre for Public Integrity, Anthony Whealy, describes lobbying and the flow of senior government and bureaucratic figures into the industry as a 'very nasty disease' that 'needs a good vaccination'. 'The government is not doing that well because it's falling into the habits that governments so often do, of complacency and then wanting to shut itself off from proper accountability and transparency. That's a worrying trend and I think it'll only get worse,' the former NSW Court of Appeal judge says. Former staffers dispute the notion of a neatly revolving door between politics and the private sector. Some, particularly those whose party has been thrust into opposition, can spend months finding work. 'Some staffers tend to have a bit of exceptionalism and think they'll automatically get a job by virtue of working for the PM,' one anonymous former Labor staffer says. In the end, staffers often stumble into the corporate world because it's the best offer outside of politics. Companies, especially those working in highly regulated environments, value ex-staffers' resilience and knowledge of the politico-media landscape. Loading And after years working in the pressure cooker of politics, staffers tend to be desperate for something lower stakes. 'In politics, if you miss something, or drop the ball, or make a mistake, it could be a scandal, it could be front page news, or get dredged up by the opposition,' says Sherr. Despite the horrendous hours and relentless pressure, everyone spoken to for this story described working in politics as an unforgettable honour, an emotional roller-coaster that can be become borderline addictive. 'You have some pretty amazing highs and some pretty horrific lows,' says Liddell, who left politics after Shorten's gutting 2019 election loss. Sherr says that while the opportunity to work for a Labor government was 'the job of a lifetime'. The accompanying lifestyle he can do without.
