Australia news LIVE: Albanese to set out agenda as parliament returns; Coalition support falls to near-record low
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6.53am
Inside Xi and Albanese's warm, funny lunch in Beijing
Paul Sakkal
Prime Minister Anthony Albanese has feted a rare intimate lunch with Chinese President Xi Jinping as a moment of 'trust' in an ambitious new phase in relations, after years of Australia pursuing a more limited policy of stabilisation.
Revealing details of the event for the first time, the prime minister also used an interview to shift his gaze to the domestic agenda, with Labor to pursue pre-election pledges to wipe 20 per cent off student debt and enshrine penalty rates in law, and rush through new laws to boost childcare centre safety after shock allegations of child abuse in Melbourne and Sydney.
In an interview on his flight back to Australia, the prime minister provided details about a private banquet that Xi organised after the pair's formal bilateral talks.
6.48am
Monthly inflation report to be produced from November
By Shane Wright
The Reserve Bank will finally get a monthly insight into the inflation pressures facing the country from November, potentially ending delays in key interest rate decisions that could hurt the economy and lead to higher unemployment.
This masthead can reveal the Australian Bureau of Statistics will release a fully-formed monthly inflation report from November 26, bringing Australia into line with all but one OECD nation.
It marks the start of winding-down the quarterly inflation report that has guided the Reserve Bank since it adopted its 2-3 per cent inflation target in the early 1990s.
6.44am
What's making news today
By Daniel Lo Surdo
Hello and welcome to the national news live blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning.
Here's what is making news today:
Childcare reform and student debt cuts will be among the key agenda items for the federal government as the 48th parliament sits for the first time since the May 3 election this week. It comes as fresh polling found support for the Coalition falling to a near-record low.
Prime Minister Anthony Albanese has revealed new details about his expansive meeting with Chinese President Xi Jinping in Beijing last week, saying the conversation traversed personal topics and included humour. The prime minister's office described the Xi meeting as the 'centrepiece' of Albanese's week-long China trip, which included conversations with other high-ranking officials and a visit to the Great Wall.
Tasmanian Premier Jeremy Rockliff will seek to re-form government with an increased primary vote to the Liberal Party following Saturday's state election, though it's unlikely to lead a majority, and it remains possible for Labor to form minority government.
The Australian sharemarket is expected to retreat on Monday morning, after Wall Street dipped on Friday after media reports indicated that US President Donald Trump was pushing for steep new tariffs on European Union products.
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