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You can find the current article at its original source at https://www.theguardian.com/australia-news/live/2017/may/24/pauline-hanson-says-james-ashby-declined-her-offer-of-a-seat-politics-live
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Scott Morrison denies Labor's charge of $2bn budget black hole – politics live | |
(35 minutes later) | |
6.02am BST | |
06:02 | |
Not sure what Bowen is doing here... | |
6.00am BST | |
06:00 | |
Christopher Pyne, leader of the government in the house, moves to gag Chris Bowen. | |
The bells ring for the vote. | |
Updated | |
at 6.06am BST | |
5.59am BST | |
05:59 | |
Labor treasury shadow Chris Bowen moves a suspension of standing orders during question time. | |
It is on what he calls the budget shortfall regarding estimates as to how much the bank tax will raise. | |
5.57am BST | |
05:57 | |
5.56am BST | |
05:56 | |
5.54am BST | |
05:54 | |
Bowen to Morrison: are disclosures to the Australian Stock Exchange, statements by Morgan Stanley and the treasurer’s refusal to give straight answers to basic questions all lead to one conclusion, there is a $2bn hole in this budget. When will the treasurer admit this blackhole and what cuts will the treasurer bring back to fill it? | |
Morrison: | |
He can run as hard down this dry gully as he likes, Mr Speaker but it is a dry gully. What the government has done has set out a very clear measure. | |
5.50am BST | |
05:50 | |
Jim Chalmers to Scott Morrison: Morgan Stanley has said that the bank tax may only raise $1bn in its first full year and Deutsche Bank has said that the bank tax is likely to fall short of the $6.2 billion targeted in the budget. Treasurer, there is a $2bn hole in your budget. How will the government fill it? | |
Morrison says the only thing consuming Labor is the poor ole’ big banks. | |
He says the budget numbers are outlined in the budget papers and accuses Labor of having a budget hole due to its policy to reverse the small business cuts. | |
While Labor opposed the company tax cuts, they have not committed to reversing the legislation. | |
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at 5.54am BST | |
5.46am BST | |
05:46 | |
Bowen to Morrison: The big four banks disclosures to the Australian Stock Exchange show a $2bn black hole in the bank tax. Does the treasurer have any reason to believe these disclosures are inaccurate, given a false statement to the Australian Stock Exchange would be an offence under the Corporations Act? | |
Morrison says he assumes the banks know what they are doing. | |
Mr Speaker, I cast no aspersions on the banks. I cast none. They are making statements that I assume that they believe are fully accurate from their perspective. I assume they are because that’s what they’re obliged to do. | |
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at 5.54am BST | |
5.41am BST | |
05:41 | |
Bowen to Morrison: The big four banks have reported to the Australian Stock Exchange that they will pay $965m over 12 months for the bank tax. Isn’t it the case that this falls well short of the 12-month figure in the Budget of $1.6 billion for the bank tax? When will the Treasurer admit, just admit, that he has a $2 billion black hole? | |
Morrison says the four major banks and Macquarie each were able to retain their credit rating after the budget when regional banks sadly were not able to maintain theirs. | |
That is why the bank levy was announced, to make up for the implicit guarantee for big banks, he says. | |
The shadow treasurer may want to sit there with no clothes on when it comes to issues like this ... it is a horrible thought... I apologise to the House... but at the same time he represents a party that brought in a $12 billion mining tax that didn’t barely raise a sniffle, Mr Speaker, and for that they should hang their heads in shame. | |
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at 5.53am BST | |
5.34am BST | |
05:34 | |
Bowen to Morrison: Why did the treasurer in question time yesterday use a figure of $1.2bn which represents only 9 months of payments compared to the full 12-month figure reported by the banks to the Australian Stock Exchange. Was the treasurer seeking to paper over the $2bn black hole in the bank tax? | |
Morrison: | |
It is a simple statement of fact that that was the cash position for 17/18 and we also outlined the accrual position, which was $1.6bn. | |
Updated | |
at 5.36am BST | |
5.31am BST | 5.31am BST |
05:31 | 05:31 |
Andrew Wilkie to Malcolm Turnbull: Waiting times are the longest for any state, for example, 936 days for urgent gastro and liver appointments and doctors tell me patients are dying while waiting for appointments. Ambulance Tasmania has the slowest response time of any state. No wonder the AMA has lost confidence and the Royal Hobart hospital staff association warns of a severe risk to patient safety over this winter. Prime minister, considering the federal government spends billions of dollars on Tasmanian health, will you now order an urgent inquiry into this dangerous, costly and avoidable fiasco? | |
Turnbull says funding for health is at a record high but the commonwealth is not responsible for health. | Turnbull says funding for health is at a record high but the commonwealth is not responsible for health. |
I recognise the concerns the honourable member has, but I would say to the honourable member that the provision of the substantial financial support the Commonwealth makes to Tasmania enables the state government to deliver for its part on the public hospital services for which it is responsible. Those are the Tasmanian government’s constitutional responsibilities. | |
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at 5.34am BST | |
5.22am BST | 5.22am BST |
05:22 | 05:22 |
Chris Bowen to Scott Morrison: Is the treasurer aware that the $1.2 billion figure he used in parliament yesterday in relation to the bank tax is completely misleading? Because it represents only nine months of payments compared to the full 12-month figure reported by the banks to the Australian Stock Exchange? | Chris Bowen to Scott Morrison: Is the treasurer aware that the $1.2 billion figure he used in parliament yesterday in relation to the bank tax is completely misleading? Because it represents only nine months of payments compared to the full 12-month figure reported by the banks to the Australian Stock Exchange? |
Morrison riffs off the old Commonwealth Bank ad, which bank are you appearing for? | Morrison riffs off the old Commonwealth Bank ad, which bank are you appearing for? |
The figure I referred to was the gross cash figure for 17/18 which is set out in the budget papers for 17/18. I was asked about what the figure would be in 2017/18, that’s what the figure is in 2017/18. | The figure I referred to was the gross cash figure for 17/18 which is set out in the budget papers for 17/18. I was asked about what the figure would be in 2017/18, that’s what the figure is in 2017/18. |
Updated | Updated |
at 5.23am BST | at 5.23am BST |
5.19am BST | 5.19am BST |
05:19 | 05:19 |
There is another government question on Manchester, including an updated travel warning to the UK from foreign minister Julie Bishop. | There is another government question on Manchester, including an updated travel warning to the UK from foreign minister Julie Bishop. |
5.18am BST | 5.18am BST |
05:18 | 05:18 |
Plibersek to Turnbull: Does the prime minister agree with this statement in relation to his schools policy: “Compared to Labor’s arrangements, this representing a saving of $22.3 billion over 10 years.” If not, why did the Prime Minister’s Office distribute this document to journalists stating that his schools policy was a $22.3bn saving, compared to Labor’s policy? He was prepared to put it in writing. Why won’t he say it out loud? | Plibersek to Turnbull: Does the prime minister agree with this statement in relation to his schools policy: “Compared to Labor’s arrangements, this representing a saving of $22.3 billion over 10 years.” If not, why did the Prime Minister’s Office distribute this document to journalists stating that his schools policy was a $22.3bn saving, compared to Labor’s policy? He was prepared to put it in writing. Why won’t he say it out loud? |
Turnbull quotes the Age’s editorial this morning. | Turnbull quotes the Age’s editorial this morning. |
Talking about Labor’s credibility deficit and The Age editorialised, ‘this is neutered by another time-tested political parameter. Exorbitant promises are unconvincing, unless those making them can demonstrate the capacity to actually fund them.’ | Talking about Labor’s credibility deficit and The Age editorialised, ‘this is neutered by another time-tested political parameter. Exorbitant promises are unconvincing, unless those making them can demonstrate the capacity to actually fund them.’ |
Updated | Updated |
at 5.22am BST | at 5.22am BST |
5.16am BST | 5.16am BST |
05:16 | 05:16 |
Malcolm Turnbull’s statement on Manchester and its aftermath is as it has been throughout the day. | Malcolm Turnbull’s statement on Manchester and its aftermath is as it has been throughout the day. |
Our agencies with whom I and my ministers are in constant touch are constantly upgrading, reviewing, adjusting our response measures. We must be more agile than those who seek to do us harm. We will always work tirelessly to keep Australians safe, and we do that by destroying Daesh in the field in the Middle East and by destroying their networks here at home. | Our agencies with whom I and my ministers are in constant touch are constantly upgrading, reviewing, adjusting our response measures. We must be more agile than those who seek to do us harm. We will always work tirelessly to keep Australians safe, and we do that by destroying Daesh in the field in the Middle East and by destroying their networks here at home. |
Bill Shorten joins him to make a statement on indulgence. He says it was an attack aimed at innocent fun. | Bill Shorten joins him to make a statement on indulgence. He says it was an attack aimed at innocent fun. |
I just want to share the comments of Mrs Charlotte Campbell. She spoke to the media. Her words could be the parents of any of us in this House or indeed any Australian. She said, “I’m at home phoning everybody - hospitals, police, the centres that the children have been put in. Her dad is in Manchester looking for her. I’ve got my friends looking for her. I’ve got people I don’t even know looking for her. People messaging me saying that, “we’ve got her photo,” looking for her and we will get in contact if we see her, and I’m just hearing nothing. They basically told me to stay put and wait for a phone call. | I just want to share the comments of Mrs Charlotte Campbell. She spoke to the media. Her words could be the parents of any of us in this House or indeed any Australian. She said, “I’m at home phoning everybody - hospitals, police, the centres that the children have been put in. Her dad is in Manchester looking for her. I’ve got my friends looking for her. I’ve got people I don’t even know looking for her. People messaging me saying that, “we’ve got her photo,” looking for her and we will get in contact if we see her, and I’m just hearing nothing. They basically told me to stay put and wait for a phone call. |
Very soon after that, Mrs Campbell had a phone ring with the worst possible news. Her daughter, Olivia, was only 15 years old, and in time the shock will fade and the news will move on, but for families, the grief will remain. We will retain and remain our shared determination to defeat terrorism. | Very soon after that, Mrs Campbell had a phone ring with the worst possible news. Her daughter, Olivia, was only 15 years old, and in time the shock will fade and the news will move on, but for families, the grief will remain. We will retain and remain our shared determination to defeat terrorism. |
Updated | Updated |
at 5.18am BST | at 5.18am BST |
5.10am BST | 5.10am BST |
05:10 | 05:10 |
Matthew Killoran at the Courier Mail reports: | Matthew Killoran at the Courier Mail reports: |
A key One Nation staffer Sean Black has been arrested by detectives. | A key One Nation staffer Sean Black has been arrested by detectives. |
Mr Black is a media adviser to Queensland senator Malcolm Roberts and was taken through the Roma Street watch-house just before midday Wednesday. | |
Details of the allegations cannot be reported for legal reasons. Charges have not yet been laid. | |
Updated | Updated |
at 6.05am BST | |