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Turnbull flips and supports an effects test in competition law – politics live | |
(35 minutes later) | |
1.19am GMT | |
01:19 | |
Big business won’t like it. As long as the Nationals have campaigned for an effects test, big business has campaigned against one. | |
1.18am GMT | |
01:18 | |
The short version of the politics of an effects test. The Nationals want it. They’ve campaigned for it for years, and when I say years, I mean as long as I’ve been in this building. The economic rationalists of the Liberal party have resisted this notion for years. Including Turnbull, when he wasn’t the leader. | |
1.06am GMT | |
01:06 | |
If you don’t speak competition law – an effects test is designed to stop big firms misusing their market power. Critics of effects tests say they drive up consumer prices. | |
1.04am GMT | |
01:04 | |
Stand by for an effects test | |
Coming up shortly: the communications minister at the National Press Club. | |
And the prime minister will shortly confirm a decision by Cabinet to implement an effects test in the competition law. This is a fairly amazing development, given Turnbull argued pretty vigorously against an effects test before he took the Liberal leadership from Tony Abbott. | |
12.49am GMT | 12.49am GMT |
00:49 | 00:49 |
Queensland premier Annastacia Palaszczuk says it is no secret that Macfarlane has applied for the job of Queensland resources commissioner, which will be decided according to a merit based selection. She says the government would like whomever the successful applicant is to start in the new gig soon. | Queensland premier Annastacia Palaszczuk says it is no secret that Macfarlane has applied for the job of Queensland resources commissioner, which will be decided according to a merit based selection. She says the government would like whomever the successful applicant is to start in the new gig soon. |
12.46am GMT | 12.46am GMT |
00:46 | 00:46 |
The Queensland premier is speaking to reporters in Brisbane now. She is asked whether Ian Macfarlane has a job or not. | The Queensland premier is speaking to reporters in Brisbane now. She is asked whether Ian Macfarlane has a job or not. |
He has applied for the job. I can confirm he has applied. | He has applied for the job. I can confirm he has applied. |
12.34am GMT | 12.34am GMT |
00:34 | 00:34 |
Because today wasn’t quite unhinged enough. Apparently the Queensland government is now disputing the fact that Ian Macfarlane has been offered a job in the state. I’ll keep you posted as (disputed) particulars come to hand. Usually you can rely on someone being able to report accurately whether they have a job offer or not. Politics does move the goal posts on reliability, though. | Because today wasn’t quite unhinged enough. Apparently the Queensland government is now disputing the fact that Ian Macfarlane has been offered a job in the state. I’ll keep you posted as (disputed) particulars come to hand. Usually you can rely on someone being able to report accurately whether they have a job offer or not. Politics does move the goal posts on reliability, though. |
Prem Palaszczuk S/man says selection process is ongoing. Insists No offer has been made. https://t.co/XvducMDAkN | Prem Palaszczuk S/man says selection process is ongoing. Insists No offer has been made. https://t.co/XvducMDAkN |
12.24am GMT | 12.24am GMT |
00:24 | 00:24 |
In Florida, Marco Rubio has just suspended his campaign after failing to win his home state of Florida in the Republican primaries. | In Florida, Marco Rubio has just suspended his campaign after failing to win his home state of Florida in the Republican primaries. |
12.21am GMT | 12.21am GMT |
00:21 | 00:21 |
Summary this almost lunchtime | Summary this almost lunchtime |
I know we are early but a small cluster of things is going to happen between about noon and 2pm, so I’m getting in early with our stocktake. | I know we are early but a small cluster of things is going to happen between about noon and 2pm, so I’m getting in early with our stocktake. |
Let’s recap Wednesday morning in Canberra. | Let’s recap Wednesday morning in Canberra. |
Yes, that is Wednesday. Delightful. | Yes, that is Wednesday. Delightful. |
Cue restorative drumming solo. | Cue restorative drumming solo. |
11.52pm GMT | 11.52pm GMT |
23:52 | 23:52 |
We could use a blast of grannies right about now. | We could use a blast of grannies right about now. |
Don’t you reckon? | Don’t you reckon? |
11.49pm GMT | 11.49pm GMT |
23:49 | 23:49 |
My colleague Shalailah Medhora has been told by Macfarlane’s office the new job is resources investment commissioner for the Queensland government. The official word is he intends to stay in parliament until the election, unless he announces otherwise. Which is a fairly significant unless in the circumstances. | My colleague Shalailah Medhora has been told by Macfarlane’s office the new job is resources investment commissioner for the Queensland government. The official word is he intends to stay in parliament until the election, unless he announces otherwise. Which is a fairly significant unless in the circumstances. |
11.44pm GMT | 11.44pm GMT |
23:44 | 23:44 |
Political editor for Sky News, David Speers, is reporting that Queensland Liberal Ian Macfarlane has been offered a job by the Queensland government. The implications of this are obvious. Will he leave the parliament and trigger a by-election? | Political editor for Sky News, David Speers, is reporting that Queensland Liberal Ian Macfarlane has been offered a job by the Queensland government. The implications of this are obvious. Will he leave the parliament and trigger a by-election? |
11.41pm GMT | 11.41pm GMT |
23:41 | 23:41 |
Some pictures from earlier of Bill Shorten with the poorly treated workers. | Some pictures from earlier of Bill Shorten with the poorly treated workers. |