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Coronavirus Australia live update: treasurer delivers 'sobering' economic update – latest news Coronavirus Australia live update: treasurer delivers 'sobering' economic update – latest news
(32 minutes later)
Josh Frydenberg says in statement in lieu of the federal budget: ‘There is no money tree. What we borrow today we must repay in the future.’ Follow the latest news liveJosh Frydenberg says in statement in lieu of the federal budget: ‘There is no money tree. What we borrow today we must repay in the future.’ Follow the latest news live
Simon Birmingham is holding a quick press conference on the situation with China delisting Australian abattoirs . Daniel Hurst is there The ACT has recorded no new cases of Covid-19 in the past 24 hours.
It remains (active and known) Covid-free.
Madeleine King, Simon Birmingham’s opposition counterpart, says Labor is also concerned about the suspended abattoirs:
Over in the chamber, Christian Porter has entered the legislation needed for the Covid tracing app.
Queenslander David Littleproud looks like he is slowly freezing to death in this press conference, which is strange, because I would have thought the light from his garish green and gold Nationals tie would have been enough to keep him warm.
Simon Birmingham says he and David Littleproud are working on the issues with the processing plants:
A bit more on what the Coalition spoke about in the joint party room meeting today (via Daniel Hurst).
After some issues were raised about the jobkeeper program, Josh Frydenberg told them the government had been clear with principles like not paying for local government employees.
It’s understood the eligibility concerns were about the exclusion of entities owned by foreign governments.
They were concerned for welfare of those employees who miss out.
The treasurer responded the government had been clear on its principles from outset: the program was not intended to extend to government or government-owned entities, including foreign government entities.
During the meeting, there was a single comment regarding China. A member raised the issue of the call for an international investigation into the Covid-19 origins and handling and thanked the PM and other ministers for the comments they had made on that front
Simon Birmingham is holding a quick press conference on the situation with China delisting Australian abattoirs. Daniel Hurst is there.
Josh Frydenberg and the never-ending coughing fit, as seen by Mike Bowers.Josh Frydenberg and the never-ending coughing fit, as seen by Mike Bowers.
The Coalition joint party room met for a little under two hours, Daniel Hurst tells me. He also reports:The Coalition joint party room met for a little under two hours, Daniel Hurst tells me. He also reports:
After the speeches, discussions touched on the eligibility for jobkeeper. Some Coalition members had examples of how jobkeeper had been successful but some highlighted businesses that weren’t eligible.After the speeches, discussions touched on the eligibility for jobkeeper. Some Coalition members had examples of how jobkeeper had been successful but some highlighted businesses that weren’t eligible.
Another raised compliance issues.The treasurer responded that the government had been clear with principles like not paying for local government employeesAnother raised compliance issues.The treasurer responded that the government had been clear with principles like not paying for local government employees
Michael McCormack is back in the House, with a very Michael McCormack way of using hand sanitiser – sanitising one hand because the other is on the phone.Michael McCormack is back in the House, with a very Michael McCormack way of using hand sanitiser – sanitising one hand because the other is on the phone.
Jim Chalmers is giving Labor’s response.Jim Chalmers is giving Labor’s response.
He notes the Coalition already had the mugs, and ads printed (you may remember the very arty “back in black” ads that were rolled out during the election campaign, along with the Liberal party “Back in Black” coffee mugs, which were mysteriously “sold out” just as the government realised that no, the economy would not be back in black and was about to be plunged very seriously into the red.He notes the Coalition already had the mugs, and ads printed (you may remember the very arty “back in black” ads that were rolled out during the election campaign, along with the Liberal party “Back in Black” coffee mugs, which were mysteriously “sold out” just as the government realised that no, the economy would not be back in black and was about to be plunged very seriously into the red.
He then says Josh Frydenberg squibbed the opportunity to lay out the government’s economic recovery plan, referencing the instantly infamous coughing fit:He then says Josh Frydenberg squibbed the opportunity to lay out the government’s economic recovery plan, referencing the instantly infamous coughing fit:
Josh Frydenberg moves on to the cost of closing down the economy again, if there is a second wave of Covid infections.Josh Frydenberg moves on to the cost of closing down the economy again, if there is a second wave of Covid infections.
Josh Frydenberg on the economic cost of continuing the great lockdown:Josh Frydenberg on the economic cost of continuing the great lockdown:
This part of the speech is a recap of the jobkeeper wage subsidy, as well as the loans and other economic responses the government has rolled out during the pandemic.This part of the speech is a recap of the jobkeeper wage subsidy, as well as the loans and other economic responses the government has rolled out during the pandemic.
Josh Frydenberg has now drunk the parliamentary chamber out of water as he attempts to get his speech back on track.Josh Frydenberg has now drunk the parliamentary chamber out of water as he attempts to get his speech back on track.
Josh Frydenberg breaks his speech for a three-minute coughing fit that has Theresa May suddenly clenching in sympathy – without knowing why.Josh Frydenberg breaks his speech for a three-minute coughing fit that has Theresa May suddenly clenching in sympathy – without knowing why.
The cough is ongoing. There have been tears. There is no voice.The cough is ongoing. There have been tears. There is no voice.
“Too long a speech,” he chokes out.“Too long a speech,” he chokes out.
He then takes his hands which he has been coughing into back on to the despatch box.He then takes his hands which he has been coughing into back on to the despatch box.
That sound you hear is the parliamentary cleaners whirring up the disinfectant blaster.That sound you hear is the parliamentary cleaners whirring up the disinfectant blaster.
Josh Frydenberg throws back to the “back in balance” (that sound you hear is the last of the “Back in black” Liberal party budget mugs being smashed for a mosaic of what could have been.Josh Frydenberg throws back to the “back in balance” (that sound you hear is the last of the “Back in black” Liberal party budget mugs being smashed for a mosaic of what could have been.
And then we get to the money tree line:And then we get to the money tree line:
Josh Frydenberg:Josh Frydenberg: