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You can find the current article at its original source at http://www.theguardian.com/australia-news/live/2015/oct/20/turnbull-to-unveil-new-banking-regulations-politics-live
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| Version 19 | Version 20 |
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| New poll narrows Coalition's lead over Labor – politics live | New poll narrows Coalition's lead over Labor – politics live |
| (25 days later) | |
| 7.58am BST | 7.58am BST |
| 07:58 | 07:58 |
| Let's pack it in before we all lose it | Let's pack it in before we all lose it |
| Right, that’s enough for a Tuesday. Thank you all for lovely company throughout today. Mike and I will be back shaking our tail feathers bright and early tomorrow morning. | Right, that’s enough for a Tuesday. Thank you all for lovely company throughout today. Mike and I will be back shaking our tail feathers bright and early tomorrow morning. |
| Let’s review Tuesday. | Let’s review Tuesday. |
| There was more, but that’s the main bits. | There was more, but that’s the main bits. |
| Have a lovely evening. Let’s regroup in the morning times. | Have a lovely evening. Let’s regroup in the morning times. |
| 7.37am BST | 7.37am BST |
| 07:37 | 07:37 |
| Sometimes it is very hard not to lose it. | Sometimes it is very hard not to lose it. |
| I can't get enough of @JoshFrydenberg laughing during #qt today. pic.twitter.com/UBsEncigyQ | I can't get enough of @JoshFrydenberg laughing during #qt today. pic.twitter.com/UBsEncigyQ |
| 7.33am BST | 7.33am BST |
| 07:33 | 07:33 |
| Just in case we missed Bob Katter’s theatrical exit from the chamber during question time, the Queensland MP has issued a statement. | Just in case we missed Bob Katter’s theatrical exit from the chamber during question time, the Queensland MP has issued a statement. |
| The statement reads: “After walking out of question time in disgust, Mr Katter said that the minister’s reply was the usual lecture on ‘Paul Keating Liberal Party Market Fundamentalism’.” | The statement reads: “After walking out of question time in disgust, Mr Katter said that the minister’s reply was the usual lecture on ‘Paul Keating Liberal Party Market Fundamentalism’.” |
| Bob Katter: | Bob Katter: |
| It showed not the slightest interest in every person who is striving to create export markets in northern Australia. If there is one choke on northern development, it is that all products north of the trading ports of Townsville and Port Hedland have to go through Darwin. But who would develop any project knowing that it has to go through a turnpike called the Port of Darwin? It’s not a port - it’s a money collector for a Chinese corporation. There are massive phosphate, iron ore and copper reserves in northern Australia, but who’s going to develop them in the knowledge they can be skinned alive with port charges? And what is the point in the government putting $700m into a railway line that goes direct to a foreign-owned monopolistic port? Every single development will now pay a toll – a discretionary toll of whatever level the Chinese owner feels like setting. You’d have to be mad to build a business that would export product anywhere in northern Australia under those conditions. | It showed not the slightest interest in every person who is striving to create export markets in northern Australia. If there is one choke on northern development, it is that all products north of the trading ports of Townsville and Port Hedland have to go through Darwin. But who would develop any project knowing that it has to go through a turnpike called the Port of Darwin? It’s not a port - it’s a money collector for a Chinese corporation. There are massive phosphate, iron ore and copper reserves in northern Australia, but who’s going to develop them in the knowledge they can be skinned alive with port charges? And what is the point in the government putting $700m into a railway line that goes direct to a foreign-owned monopolistic port? Every single development will now pay a toll – a discretionary toll of whatever level the Chinese owner feels like setting. You’d have to be mad to build a business that would export product anywhere in northern Australia under those conditions. |
| The Katter statement also makes it clear he didn’t like ministers erupting in laughter at his antics. | The Katter statement also makes it clear he didn’t like ministers erupting in laughter at his antics. |
| The minister for northern Australia, Josh Frydenberg, completely lost it. | The minister for northern Australia, Josh Frydenberg, completely lost it. |
| ICYMI, Mike captured Katter on his way out the door. | ICYMI, Mike captured Katter on his way out the door. |
| Updated | Updated |
| at 7.42am BST | at 7.42am BST |
| 7.06am BST | 7.06am BST |
| 07:06 | 07:06 |
| Another new opinion poll this afternoon – Essential. Unlike the Ipsos poll earlier this week, which put the Coalition with a commanding lead, Essential’s two-party-preferred number is Coalition 51%, Labor 49%. This data in this particular poll is based on two-week averages, so we’d expect it to be slower to record a surge by either party, but today’s figure is more in line with last week’s Newspoll, which had the major parties in a dead heat at 50-50. Anyway, there’s little point in second-guessing anything much at this point, there’s nothing to do but wait and see how the trend plays out for Turnbull in the coming weeks and months. | Another new opinion poll this afternoon – Essential. Unlike the Ipsos poll earlier this week, which put the Coalition with a commanding lead, Essential’s two-party-preferred number is Coalition 51%, Labor 49%. This data in this particular poll is based on two-week averages, so we’d expect it to be slower to record a surge by either party, but today’s figure is more in line with last week’s Newspoll, which had the major parties in a dead heat at 50-50. Anyway, there’s little point in second-guessing anything much at this point, there’s nothing to do but wait and see how the trend plays out for Turnbull in the coming weeks and months. |
| A couple of interesting questions. | A couple of interesting questions. |
| Q. Do you approve or disapprove of the way the prime minister Malcolm Turnbull is handling the threat of terrorism in Australia? | Q. Do you approve or disapprove of the way the prime minister Malcolm Turnbull is handling the threat of terrorism in Australia? |
| (Who’d have thunk it, eh? Turn down the volume to a reasonable level, look to approach the national security issue constructively and inclusively, and voters have more confidence in the strategy.) | (Who’d have thunk it, eh? Turn down the volume to a reasonable level, look to approach the national security issue constructively and inclusively, and voters have more confidence in the strategy.) |
| Q. Under new national security laws phone and internet records of all Australians will be held for two years. How much trust do you have in the following organisations to store your personal data safely and in a way that would prevent abuse? | Q. Under new national security laws phone and internet records of all Australians will be held for two years. How much trust do you have in the following organisations to store your personal data safely and in a way that would prevent abuse? |
| Q. Which of the following statements is closest to your view? | Q. Which of the following statements is closest to your view? |
| Updated | Updated |
| at 7.15am BST | at 7.15am BST |
| 6.44am BST | 6.44am BST |
| 06:44 | 06:44 |
| A couple more Bowers pictures that I have not yet had time to use. | A couple more Bowers pictures that I have not yet had time to use. |
| Health minister Sussan Ley, working on her bone density. | Health minister Sussan Ley, working on her bone density. |
| And Nick Xenophon doing what he does better than most occupants of this building: getting on the TV news. He is a grab-dropping genius. | And Nick Xenophon doing what he does better than most occupants of this building: getting on the TV news. He is a grab-dropping genius. |
| Updated | Updated |
| at 7.17am BST | at 7.17am BST |
| 6.33am BST | 6.33am BST |
| 06:33 | 06:33 |
| Back to the Murray response. It’s treasurer Scott Morrison’s turn in the Sky studio. | Back to the Murray response. It’s treasurer Scott Morrison’s turn in the Sky studio. |
| Q: Will interest rates go up as a consequence of the new bank capitalisation requirements? | Q: Will interest rates go up as a consequence of the new bank capitalisation requirements? |
| Morrison: | Morrison: |
| That’s a commercial decision for the banks at the end of the day. | That’s a commercial decision for the banks at the end of the day. |
| Morrison says big banks to tend to pass on increased costs to their customers, unlike small businesses, which absorb increases in their operating costs. | Morrison says big banks to tend to pass on increased costs to their customers, unlike small businesses, which absorb increases in their operating costs. |
| Q: Do they have a reason to blame you for this? | Q: Do they have a reason to blame you for this? |
| No they don’t. | No they don’t. |
| We are on credit card surcharges now. Morrison makes a big call. | We are on credit card surcharges now. Morrison makes a big call. |
| We are banning profiteering on these fees. | We are banning profiteering on these fees. |
| Sorry. Not really, no. | Sorry. Not really, no. |
| This is from today’s statement on the Murray response. | This is from today’s statement on the Murray response. |
| “Banning profiteering” isn’t this. | “Banning profiteering” isn’t this. |
| Updated | Updated |
| at 7.18am BST | at 7.18am BST |
| 6.10am BST | 6.10am BST |
| 06:10 | 06:10 |
| Manager of opposition business Tony Burke has issued a statement about the proposed changes to question time procedure – the government’s plan to turn over more questions to the backbench on constituency matters. | Manager of opposition business Tony Burke has issued a statement about the proposed changes to question time procedure – the government’s plan to turn over more questions to the backbench on constituency matters. |
| Tony Burke: | Tony Burke: |
| This is just more talk from Malcolm Turnbull. Government MPs can already ask ministers questions about their electorates both in question time and in writing. While the detail around today’s announcement is scant, it appears all it will do is change how the government plans to ask questions to itself. If this results in fewer theatrical performances from ministers reading scripted attacks, noone would objet to this. This is just a change to the government’s tactics, not a change to any rules. | This is just more talk from Malcolm Turnbull. Government MPs can already ask ministers questions about their electorates both in question time and in writing. While the detail around today’s announcement is scant, it appears all it will do is change how the government plans to ask questions to itself. If this results in fewer theatrical performances from ministers reading scripted attacks, noone would objet to this. This is just a change to the government’s tactics, not a change to any rules. |
| If the government decides to take one step further and change the standing orders to dictate questions the opposition can ask, this would be fiercely resisted. We must not see a decrease in transparency and Labor will be following this closely. | If the government decides to take one step further and change the standing orders to dictate questions the opposition can ask, this would be fiercely resisted. We must not see a decrease in transparency and Labor will be following this closely. |
| Updated | Updated |
| at 6.10am BST | at 6.10am BST |
| 5.54am BST | 5.54am BST |
| 05:54 | 05:54 |
| Powering forth, the architect of the Murray report, David Murray, is being interviewed by Sky News on the events of the day. Murray is asked whether the banks have any excuse to put up interest rates in the wake of the new capital ratio requirements. He steps quite carefully around that question, avoiding a straight answer. | Powering forth, the architect of the Murray report, David Murray, is being interviewed by Sky News on the events of the day. Murray is asked whether the banks have any excuse to put up interest rates in the wake of the new capital ratio requirements. He steps quite carefully around that question, avoiding a straight answer. |
| Murray is asked how the government can actually bring down credit card surcharges. He says charging a surcharge above cost is not appropriate, but as to the specifics – | Murray is asked how the government can actually bring down credit card surcharges. He says charging a surcharge above cost is not appropriate, but as to the specifics – |
| That’s up to the payments system board to enforce. | That’s up to the payments system board to enforce. |
| How easy will it be to introduce more competition in the superannuation sector? Murray says default funds have been opened up elsewhere and when that happens there’s a decrease in costs. | How easy will it be to introduce more competition in the superannuation sector? Murray says default funds have been opened up elsewhere and when that happens there’s a decrease in costs. |
| 5.45am BST | 5.45am BST |
| 05:45 | 05:45 |
| Malsplaining™, a sequence. | Malsplaining™, a sequence. |
| Updated | Updated |
| at 7.20am BST | at 7.20am BST |
| 5.38am BST | 5.38am BST |
| 05:38 | 05:38 |
| Just a slight delay in picture transmission today. My system has had some gremlins. Before we side stroke on, here’s a selection of Mike Bowers fabulousness from the chamber today. | Just a slight delay in picture transmission today. My system has had some gremlins. Before we side stroke on, here’s a selection of Mike Bowers fabulousness from the chamber today. |
| Updated | Updated |
| at 7.22am BST | at 7.22am BST |
| 5.12am BST | 5.12am BST |
| 05:12 | 05:12 |
| Further questions have been placed on the notice paper. I’ll survey the world outside the chamber briefly and be back to deliver Tuesday afternoon. | Further questions have been placed on the notice paper. I’ll survey the world outside the chamber briefly and be back to deliver Tuesday afternoon. |
| 5.05am BST | 5.05am BST |
| 05:05 | 05:05 |
| Cheer up Joe, today is either your last or second-last question time. | Cheer up Joe, today is either your last or second-last question time. |
| Kevin Andrews is not decamping, but he has John Howard’s Chesterfield. | Kevin Andrews is not decamping, but he has John Howard’s Chesterfield. |
| Updated | Updated |
| at 7.22am BST | at 7.22am BST |
| 4.59am BST | 4.59am BST |
| 04:59 | 04:59 |
| Bowen is back to the dispatch box. | Bowen is back to the dispatch box. |
| Q: Can the treasurer confirm that next financial year, gross debt is forecast is to be $100bn higher than when the Liberal government was elected? | Q: Can the treasurer confirm that next financial year, gross debt is forecast is to be $100bn higher than when the Liberal government was elected? |
| A short barrage of numbers from Morrison followed by the nub point: it’s higher. | A short barrage of numbers from Morrison followed by the nub point: it’s higher. |
| Then, the treasurer says, it will fall. | Then, the treasurer says, it will fall. |
| I will tell you why it will fall. The reason it will fall is because this government has a program to ensure we get control of expenditure and expenditure as a percentage of GDP will decline over the forward estimates because we have a plan to control expenditure. | I will tell you why it will fall. The reason it will fall is because this government has a program to ensure we get control of expenditure and expenditure as a percentage of GDP will decline over the forward estimates because we have a plan to control expenditure. |
| What goes up, must come .. | What goes up, must come .. |
| 4.54am BST | 4.54am BST |
| 04:54 | 04:54 |
| Shadow treasurer Chris Bowen, to treasurer Scott Morrison. | Shadow treasurer Chris Bowen, to treasurer Scott Morrison. |
| Q: My question is to the treasurer. When does the prime minister project the budget will return to surplus? | Q: My question is to the treasurer. When does the prime minister project the budget will return to surplus? |
| Scott Morrison: | Scott Morrison: |
| When expenditure is less than revenue. | When expenditure is less than revenue. |
| (Pay that.) | (Pay that.) |
| 4.52am BST | 4.52am BST |
| 04:52 | 04:52 |
| A fair dose of the Malsplain in this particular session. Delightful in its expansive fashion. A person, talking in sentences. Like a nice breeze. But might wear just a teensy bit thin. | A fair dose of the Malsplain in this particular session. Delightful in its expansive fashion. A person, talking in sentences. Like a nice breeze. But might wear just a teensy bit thin. |
| 4.48am BST | 4.48am BST |
| 04:48 | 04:48 |
| Labor has moved to marriage equality. | Labor has moved to marriage equality. |
| Q: Given the prime minister has said he doesn’t want marriage equality to be a live issue all the way up to the next election, will the prime minister allow a free vote on the co sponsored private member’s bill currently before the parliament? | Q: Given the prime minister has said he doesn’t want marriage equality to be a live issue all the way up to the next election, will the prime minister allow a free vote on the co sponsored private member’s bill currently before the parliament? |
| Turnbull thinks he might take a trip down memory lane. Where were you in 1999 Terri Butler? I was leading the republican debate. | Turnbull thinks he might take a trip down memory lane. Where were you in 1999 Terri Butler? I was leading the republican debate. |
| On the marriage equality plebiscite. | On the marriage equality plebiscite. |
| Yes, it will take more time. Yes, it will cost more money. Yes, in my view it will be carried – but time will tell. | Yes, it will take more time. Yes, it will cost more money. Yes, in my view it will be carried – but time will tell. |
| 4.44am BST | 4.44am BST |
| 04:44 | 04:44 |
| Turnbull is asked about his disposition towards a bill in the senate which revisits the debate indulged by the Abbott government about changes to hate speech. The debate around changes to the Racial Discrimination Act is a reasonable one, but that bill isn’t going anywhere, the prime minister says. | Turnbull is asked about his disposition towards a bill in the senate which revisits the debate indulged by the Abbott government about changes to hate speech. The debate around changes to the Racial Discrimination Act is a reasonable one, but that bill isn’t going anywhere, the prime minister says. |
| There is a bill in the senate, it has not been considered by the government. I can say that the government does not have any plans to reopen this matter. I imagine it will be a matter of lively discussion in the future. | There is a bill in the senate, it has not been considered by the government. I can say that the government does not have any plans to reopen this matter. I imagine it will be a matter of lively discussion in the future. |
| This was considered some time ago but it is ... I think it’s very important for debates of this kind to be undertaken at the right time and place and in the right context. | This was considered some time ago but it is ... I think it’s very important for debates of this kind to be undertaken at the right time and place and in the right context. |
| We have to bear in mind, and the honourable member would well understand this I’ve got no doubt. | We have to bear in mind, and the honourable member would well understand this I’ve got no doubt. |
| We have to bear in mind that we have in our society, as in all free societies, to balance the demands of free speech, which we are all in favour, with also ensuring domestic harmony. | We have to bear in mind that we have in our society, as in all free societies, to balance the demands of free speech, which we are all in favour, with also ensuring domestic harmony. |
| It is an important debate in a free society that we should have about the limits of speech and the way in which we can best ensure that we preserve social harmony – that we preserve security and at the same time ensure that there is free speech. | It is an important debate in a free society that we should have about the limits of speech and the way in which we can best ensure that we preserve social harmony – that we preserve security and at the same time ensure that there is free speech. |
| 4.38am BST | 4.38am BST |
| 04:38 | 04:38 |
| Labor now inquiries why the government is backing off its proposed changes to family tax benefits. Turnbull tells the opposition you can’t have this both ways: attack the proposal and then attack the backdown. | Labor now inquiries why the government is backing off its proposed changes to family tax benefits. Turnbull tells the opposition you can’t have this both ways: attack the proposal and then attack the backdown. |
| The prime minister. | The prime minister. |
| Instead of actually welcoming (the shift), she (shadow families minister Jenny Macklin) stands up in the parliament and wants to attack the government. | Instead of actually welcoming (the shift), she (shadow families minister Jenny Macklin) stands up in the parliament and wants to attack the government. |