Latest: Reserve Bank lifts cash rate to 3.85 per cent
Assistant Health Minister Ged Kearney believes the federal government’s ban on disposable vapes used by more than one million Australians will have a “profound impact” on young people’s health.
“To say that it will be too hard, that we will never be able to do it is not an option for this government, [and] not an option for parents of these young people who they see getting addicted to these vapes. We have to start somewhere where we can, and those measures will be worked out over time with the states, our own border force, controls and a plan will emerge over time.
The program was established in 2018 to give more families and children access to community sport programs. More than 4.85 million vouchers had been redeemed, valued at $481 million at the start of this year. Labor has decided to cap the currently unlimited work hours for international students to 48 hours a fortnight to mitigate against temporary migrants being exploited as cheap labour, and ensuring entrants on student visas are primarily in Australia to study.Westacott said that, while she acknowledged this priority, Australia was experiencing an “incredibly tight” jobs market, with the rate of unemployment at a 50-year low.
Australian Industry Group chief Innes Willox said the aged-care sector’s concerns were shared across the economy. Speaking in Sydney this afternoon, Taylor said the central bank’s decision last month to pause the cash rate at 3.6 per cent “gave an opportunity to the government to demonstrate its inflation fighting credentials, and it has failed”.“It is clear that we haven’t seen a clear plan from the government to deal with the inflationary pressures Australians in our country is facing,” Taylor said.
Calculations are based on monthly fixed interest rate increases on principal loan amount excluding requisite monthly repayments, adjustments to repayment amounts, or additional repayment instalments.Nick Kyrgios helps police catch man who allegedly stole his TeslaA man who allegedly held Nick Kyrgios’ mother at gunpoint before stealing the tennis star’s car was denied bail in court in Canberra on Tuesday.
Speaking after the Reserve Bank board’s surprise decision to lift the official cash rate by 25 basis points to 3.85 per cent – one week before the federal budget on May 6 – Chalmers said: Chalmers said next Tuesday’s budget would prioritise “responsible cost of living relief” that didn’t add to inflation.
“Typically in the lead up to the budget, and particularly the week before a budget, there’s always a lot of speculation.
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