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'Jobs for mates,' Labor says, as Peter Costello reappointed to Future Fund – politics live | 'Jobs for mates,' Labor says, as Peter Costello reappointed to Future Fund – politics live |
(35 minutes later) | |
Scott Morrison says he’ll be hosting a BBQ in PNG “very much a family event”. | |
That’s because, in case you missed it, Morrison would like us to view our Pacific neighbours as “family”. | |
The prime minister is about to speak to Bloomberg. | |
The theme you might be picking up on are these networks all broadcast into Asia (as does parts of Sky News through the Australia Network) | |
The Senate chamber as the apology speeches begin. | |
A lot of senators have been dropping in and out as the speeches occur, and some are tied up in committees and meetings. | |
But yes, we all take your point about the visuals of this. | |
Scott Morrison is now speaking to CNBC. I told you he was busy. | |
He leaves for Singapore for Asean tomorrow. | |
Then it’s PNG. | |
Then Argentina. | |
Summit season is a slog | |
Several mosques in and around my patch - not my experience at all. In any event, it seems a strange message to broadcast to our imans via the nation - but I don't have the benefit of security briefings to inform my public utterances. | |
Mike Bowers is in the chamber for the Senate apology to the victims of institutional childhood sexual abuse. | Mike Bowers is in the chamber for the Senate apology to the victims of institutional childhood sexual abuse. |
So far, those who are down to speak on the motion are: Mathias Cormann, Penny Wong, Kristina Keneally, Pauline Hanson, Jenny McAllister, Stirling Griff, Helen Polley, Richard Di Natale, Sue Lines, Rex Patrick, Louise Pratt, Sarah Hanson-Young and Kimberly Kitching. | So far, those who are down to speak on the motion are: Mathias Cormann, Penny Wong, Kristina Keneally, Pauline Hanson, Jenny McAllister, Stirling Griff, Helen Polley, Richard Di Natale, Sue Lines, Rex Patrick, Louise Pratt, Sarah Hanson-Young and Kimberly Kitching. |
Mathias Cormann apologises on behalf of the government to the victims and survivors of institutional child sexual abuse in the senate chamber this afternoon @AmyRemeikis @murpharoo #politicslive https://t.co/ysOdubMDCW pic.twitter.com/zmzlgknoOc | Mathias Cormann apologises on behalf of the government to the victims and survivors of institutional child sexual abuse in the senate chamber this afternoon @AmyRemeikis @murpharoo #politicslive https://t.co/ysOdubMDCW pic.twitter.com/zmzlgknoOc |
Bill Shorten has committed Labor to reversing the cuts to Foodbank’s Key Staples program, if the government won’t. | Bill Shorten has committed Labor to reversing the cuts to Foodbank’s Key Staples program, if the government won’t. |
Shorten is holding a media conference at Foodbank’s Melbourne warehouse. | Shorten is holding a media conference at Foodbank’s Melbourne warehouse. |
Oh gawd. I just realised we have Senate question time coming up with its never-ending supplementary questions. | Oh gawd. I just realised we have Senate question time coming up with its never-ending supplementary questions. |
Prepare as necessary, friends. | Prepare as necessary, friends. |
Treasurer Josh Frydenberg has reappointed his mentor and former treasurer Peter Costello as chairman of the Future Fund for another five years. | Treasurer Josh Frydenberg has reappointed his mentor and former treasurer Peter Costello as chairman of the Future Fund for another five years. |
He has also appointed former Treasury secretary John Fraser to the board for five years from 12 November 2018 until 2023, and reappointed Perth businessman John Poynton to the board for another five years from 4 February 2019 until 2024. | He has also appointed former Treasury secretary John Fraser to the board for five years from 12 November 2018 until 2023, and reappointed Perth businessman John Poynton to the board for another five years from 4 February 2019 until 2024. |
The move has angered Labor. | The move has angered Labor. |
Shadow treasurer Chris Bowen says the government’s made the decision just months away from the election and without any consultation with the opposition. | Shadow treasurer Chris Bowen says the government’s made the decision just months away from the election and without any consultation with the opposition. |
“By reappointing Peter Costello as chair of the Future Fund, the Liberals have shown yet again they’re more focused on their jobs for mates than on jobs and wages for Australians,” Bowen said. | “By reappointing Peter Costello as chair of the Future Fund, the Liberals have shown yet again they’re more focused on their jobs for mates than on jobs and wages for Australians,” Bowen said. |
Labor has repeatedly warned that it would be entirely inappropriate for the Morrison government to make a decision on the position before the election without consulting the opposition. | Labor has repeatedly warned that it would be entirely inappropriate for the Morrison government to make a decision on the position before the election without consulting the opposition. |
“When wages are stagnating and debt has doubled on their watch, it’s disappointing but not surprising that the Liberals’ biggest priority five minutes before the election is to lock another Liberal into a high-paying position,” Bowen said. | “When wages are stagnating and debt has doubled on their watch, it’s disappointing but not surprising that the Liberals’ biggest priority five minutes before the election is to lock another Liberal into a high-paying position,” Bowen said. |
But the government is trumpeting Costello’s record as a member and chair of the Future Fund board, saying his reappointment is deserved. | But the government is trumpeting Costello’s record as a member and chair of the Future Fund board, saying his reappointment is deserved. |
It says Costello was first appointed as a member of the Future Fund Board of Guardians in 2009 and as chair in February 2014, and over that period, the value of Future Fund investments has grown from $67.6bn to $148.8bn – or around 120%. | It says Costello was first appointed as a member of the Future Fund Board of Guardians in 2009 and as chair in February 2014, and over that period, the value of Future Fund investments has grown from $67.6bn to $148.8bn – or around 120%. |
“Prior to his appointment, Mr Costello served Australia with distinction as our longest-serving federal treasurer from 1996 to 2007,” Frydenberg said. | “Prior to his appointment, Mr Costello served Australia with distinction as our longest-serving federal treasurer from 1996 to 2007,” Frydenberg said. |
“As treasurer, he delivered 10 budget surpluses and oversaw the establishment of the Future Fund in 2006.” | “As treasurer, he delivered 10 budget surpluses and oversaw the establishment of the Future Fund in 2006.” |
It comes after John Fraser, the former treasury sec was appointed to the board of AMP as a non-executive director, less than two weeks after resigning from the Treasury in August. | It comes after John Fraser, the former treasury sec was appointed to the board of AMP as a non-executive director, less than two weeks after resigning from the Treasury in August. |
Just after midday, Mathias Cormann and Penny Wong will lead the Senate in apologising to survivors and victims of institutional childhood sexual abuse following the national apology last month. | Just after midday, Mathias Cormann and Penny Wong will lead the Senate in apologising to survivors and victims of institutional childhood sexual abuse following the national apology last month. |
Here’s how that conversation on the Indonesian free trade agreement went down between Scott Morrison and David Speers: | Here’s how that conversation on the Indonesian free trade agreement went down between Scott Morrison and David Speers: |
Will you be signing the free trade agreement? | Will you be signing the free trade agreement? |
Morrison: There is no plans for that and I am not troubled by that. Look, it’s a good deal for both countries. | Morrison: There is no plans for that and I am not troubled by that. Look, it’s a good deal for both countries. |
Speers: Where is it up to? When will you sign? | Speers: Where is it up to? When will you sign? |
Morrison: When we get around to doing that. | Morrison: When we get around to doing that. |
Speers: Timing? | Speers: Timing? |
Morrison: There is no rush on this, David. There is actually no rush, at all. | Morrison: There is no rush on this, David. There is actually no rush, at all. |
Speers: Has the Jerusalem/ Israeli embassy issue affected negotiations at all? | Speers: Has the Jerusalem/ Israeli embassy issue affected negotiations at all? |
Morrison: Negotiations have been completed on the actual agreement. And it will still have to go through ratification in the Indonesian parliament. | Morrison: Negotiations have been completed on the actual agreement. And it will still have to go through ratification in the Indonesian parliament. |
Speers: So what is the sticking point? | Speers: So what is the sticking point? |
Morrison: Australia is always going to look at these issues on their merits. We don’t conflate other areas of non-related policy when it comes to these agreements. | Morrison: Australia is always going to look at these issues on their merits. We don’t conflate other areas of non-related policy when it comes to these agreements. |
Speers: Is that what Indonesia is doing? | Speers: Is that what Indonesia is doing? |
Morrison: Well, I am not making that observation – I am just saying that Australia does not conflate issues. And we are prepared to move forward and when the Indonesian government, who I know is very supportive of the arrangement, particularly their economic ministers, have relayed that back to us directly. | Morrison: Well, I am not making that observation – I am just saying that Australia does not conflate issues. And we are prepared to move forward and when the Indonesian government, who I know is very supportive of the arrangement, particularly their economic ministers, have relayed that back to us directly. |
Speers: It sounds like you are ready to sign this deal. | Speers: It sounds like you are ready to sign this deal. |
Morrison: I believe he [Widodo] is very supportive of the agreement, but look, the timing of any ultimate signing is up to them. | Morrison: I believe he [Widodo] is very supportive of the agreement, but look, the timing of any ultimate signing is up to them. |
Speers: What will you say to him about the embassy issue. | Speers: What will you say to him about the embassy issue. |
Morrison: Well, I will update him on where we’re at. | Morrison: Well, I will update him on where we’re at. |
Speers: Where are you at? | Speers: Where are you at? |
Morrison: Well, I’ll update him that we are still working through the issue and we have a process in place to deal with that internally, and we will continue to work on that respectfully and restate our government’s 100 per cent commitment to the two-state solution. | Morrison: Well, I’ll update him that we are still working through the issue and we have a process in place to deal with that internally, and we will continue to work on that respectfully and restate our government’s 100 per cent commitment to the two-state solution. |