Australia news live updates: banks predict inflation could reach 6% this week; monkeypox declared a global health emergency
The final question for Burke is on the negotiations over the government’s climate legislation.What I can give you are the three principles that Chris Bowen is using in the negotiations. The first is that will be implementing our promises. The second that negotiations are happening in good faith. And the third thing to remember, particularly with the announcement being made today is under the safeguards mechanism all the large polluters are now on a trajectory towards net zero by 2050.
As of Tuesday, the ABCC and its powers will be pulled back to the bare legal minimum. So a lot of what it’s been doing can appropriately be done by another regulator. Some of it goes to health and safety regulators, some of it goes to the Fair Work Ombudsman. And some of the things that the ABCC’s been doing, which I just think have been ridiculous rules, are gone all together.
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