Treasurer Jim Chalmers has quietly stripped $3.8bln from Australia's roads and transport spending in the coming years even as Treasury prepares to collectblns more from motorists through fuel excise and luxury car taxes. While last year's federal budget allocated $53.59bln for land transport infrastructure, that figure has now been reduced to $49.798bln, according to NRMA analysis. At the same time, fuel excise revenue, paid in every litre of petrol and diesel, is forecast to surge by almost $5bln, climbing from $26.2bln in 2026-27 to $29.4bln by 2029-30. For motorists already paying more at the bowser, the contrast is stark: Australians are being taxed heavier to use the roads, while less money is being directed back into maintaining and upgrading them. NRMA spokesman Peter Khoury said the cut came amid worsening road safety and a growing maintenance crisis, particularly in regional Australia. "This year's budget has $3.8bln less allocated to land transport over the coming four years," Mr Khoury said. "But the most alarming statistic isn't even in the budget — it's that the national road toll is up 3.5%, with 1333 deaths across Australia." The NRMA argues the federal government is effectively pulling money out of road funding while motorists continue footing a larger tax bill through fuel excise. Local councils, which maintain roughly 85% of the nation's road network, are increasingly unable to keep up with deteriorating conditions. — Jake McCallum and Evelyne Dowsett in today's Daily Telegraph.
Adam Walton celebrates his French Open win. Pic: Dan Istitene/Getty Images
Aussie knew he could do it
In a match that swung wildly back and forth, Walton triumphed 6-2, 1-6, 6-1, 1-6, 6-4, coming back from a break in the final set. [click to read more]
AFP reports: “I knew I just had to hang tough. I thought the 3-1 game, I faced some break points there, and if I go down 4-1, double-break, it’s going to be pretty tough from there.
It is Walton’s second win in three matches against Medvedev after taking him down at the ATP Masters in Cincinnati last year.
It was the seventh time in 10 French Open appearances that former world number one Medvedev has fallen in the first round.
Rising US star Iva Jovic, 18, further confirmed her potential as she strolled past Alexandra Eala 6-4, 6-2 to book a clash with compatriot and former world number eight Emma Navarro, who defeated Indonesian Janice Tjen in straight sets.
Stefanos Tsitsipas, the 2021 runner-up, ensured he will at least equal his best major performance since Roland Garros two years ago. He showed glimpses of the shot-making that once took him into the world’s top three in a match cut short by his opponent Alexandre Muller’s retirement through injury.
The 27-year-old Greek has plummeted to 79 in the world rankings but could reach the last 32 for the first time in seven Grand Slam appearances when he plays Italian Matteo Arnaldi in the second round.
French 17-year-old Moise Kouame won his first match at his home major; an impressive 7-6 (7/4), 6-2, 6-1 victory over 2014 US Open winner Marin Cilic of Croatia.
[click the intro to return other stories]
I felt like the ebbs and flows of the match were quite large today,
Walton said on court. Just really proud of my efforts in the fifth set to come from a break down to get the win.
So getting that hold, definitely just keeping the score close, if I keep fighting that maybe I'd get a chance and I'm glad I did.
Beating him in Cincinnati definitely gave me the belief today that I knew I could do it, I believed,
he said.
Just really happy with my performance, and really excited right now.
I know that I am in good shape and I can play well in Roland Garros. I can,
Medvedev said.
It’s just tougher for me and first rounds are usually tougher for me, but I will always come here.
Reminiscent of the boom at the end of the 1990s
The S&P 500 and Nasdaq hit record closing highs on Tuesday, as AI-fueled optimism offset anxiety over Middle East peace talks — concerns that were compounded by recent U.S. strikes on Iran, Reuters reports on today's website. [click to continue reading]
Semiconductor stocks, which have surged on AI-driven demand, led gains, with Micron gaining 19%, hitting $1 trillion in market value for the first time after UBS increased its price target on the stock to $1,625 from $535.
Upbeat earnings and renewed confidence in AI trade have driven U.S. equities higher despite the ongoing conflict with Iran, with investors now turning their attention to IPOs of some of the largest private AI companies, including SpaceX.
For those of us that have been working that long, the tech rallies we've been seeing this year are reminiscent of the boom at the end of the 1990s,
said Chris Zaccarelli, chief investment officer for Northlight Asset Management.
It’s also possible that some of the lessons that were learned after the tech bubble burst over 25 years ago will prevent the same thing from happening again.
The market took comfort from comments by U.S. Secretary of State Marco Rubio, who said that a deal with Tehran to halt the conflict could take a few days,
while Iran’s Tasnim news agency reported that Tehran was seeking the release of $24 billion of Iranian funds frozen overseas.
Even though we don't have an end of the war yet, there’s a very high likelihood the situation will resolve itself in a peaceful fashion sooner rather than later,
said Adam Sarhan, chief executive of 50 Park Investments.
But the reality is that earnings are expected to grow even with high inflation. The economy is still growing, and the market is a mirror of the economy to a large extent.
The Dow Jones Industrial Average fell 118.02 points, or 0.23%, to 50,461.68, the S&P 500 gained 45.65 points, or 0.61%, to 7,519.12 and the Nasdaq Composite gained 312.21 points, or 1.19%, to 26,656.18.
The S&P 500, the Nasdaq and the Russell 2000 touched intraday record highs on Tuesday, underscoring the strength of the recent rally.
Brent crude futures climbed about 4% on Tuesday after the U.S. military carried out strikes in Iran, adding to uncertainty over whether a deal would be reached soon to end the war and open up shipping flows through the Strait of Hormuz.
Qualcomm rose almost 4.5% after Bloomberg News reported it reached a deal with TikTok owner ByteDance to supply chips, while Marvell Technology ended 6% higher. The Philadelphia SE Semiconductor Index hit an all-time high, gaining 5.5%.
With the earnings season winding down, first-quarter earnings growth is expected to be 29% year-on-year compared with the 16.1% estimated a month ago, according to LSEG data from Friday.
Advancing issues outnumbered decliners by a 2.47-to-1 ratio on the NYSE. There were 627 new highs and 90 new lows on the NYSE.
On the Nasdaq, 3,078 stocks rose and 1,785 fell as advancing issues outnumbered decliners by a 1.72-to-1 ratio.
The S&P 500 posted 42 new 52-week highs and one new low while the Nasdaq Composite recorded 185 new highs and 70 new lows.
NEWS:
🎠
Doctoring
the
unemployed
Anthony Albanese has ordered the biggest shake-up of the employment services system in 30 years and authorised development of new “fair and proportionate” mutual obligation rules for working-age welfare recipients, amid concerns about rising unemployment across the country, reports The Australian today's website.
[click to read more]
Employment and Workplace Relations Minister Amanda Rishworth today will launch a $312m reform package promising to overhaul an employment services system that costs taxpayers $2bln a year and end the final vestiges of the tougher Coalition-era welfare rules for working-age Australians.
Labor’s four-point reform strategy includes plans for three new tailored
employment service streams and changes to mutual obligation requirements, which currently include set tasks and activities that must be completed to receive working-age income support payments.
The government’s intervention comes after the Reserve Bank and Treasury warned of further deterioration in the labour market, fuelled by higher inflation, weak economic growth and flat private investment.
Australian Bureau of Statistics data last week revealed that the unemployment rate had jumped 0.2 percentage points to 4.5% in April.
Ahead of the May 12 budget, The Australian revealed that the number of working-age Australians relying on JobSeeker, Youth Allowance (Other) and single-parenting welfare payments had surged to almost 1.4 million, including 417,240 recipients aged under 34.
In an address to the National Press Club, Ms Rishworth will argue that the one-size-fits-all approach across all elements of Workforce Australia is letting too many participants fall through the cracks and creating inefficiencies in the system
.
The outcomes of this one-size-fits-all approach ∼ whether it’s parking people in the system or pushing them into unsuitable jobs ∼ is compounded by the standardised approach to mutual obligations,
Ms Rishworth will say.
“Mutual obligations are a longstanding feature of the employment services system, designed to encourage participants to maintain engagement in the job search process. Our government supports mutual obligations, which reflect the community’s expectation that if you can work and are receiving income support, you should be taking active steps to obtain work.
However, mutual obligations need to be fair, proportionate, and above all, effective in order to facilitate people getting a job. For too long, our public debate has been stuck in a conversation about whether mutual obligations are too hard, or too soft. When the real question should be: are mutual obligations activities actually helping people get into work? Unfortunately, all too often, the answer is clearly 'no'.
Immediately following the 2022 election, then employment minister Tony Burke softened Coalition-era mutual obligation requirements. The first-term Albanese government implemented a clean slate
policy, which allowed jobseekers who had accrued penalties or demerits to have a fresh start
.
The Coalition’s jobactive program, which required participants to complete up to 20 job applications as a mutual obligation in return for income support, was replaced by Workforce Australia.
Other changes overseen by Mr Burke included reducing the minimum job search requirements to four per month and cutting the points target for some participants.
Ms Rishworth will say that the standardised approach to mutual obligations is not as effective as it should be in helping jobseekers get into work
.
The government, which will establish an expert advisory group and consult with stakeholders in coming months on a discussion paper, has flagged plans to establish three new tailored
service streams: a new digital service for those ready to work but requiring help finding the right job; targeted provider-led support for people who need help building skills and confidence to return to the job market; and intensive support for people facing complex barriers.
With more than one million Australians accessing employment services each year, Ms Rishworth will warn that “20% of the Workforce Australia caseload have been struck there for five years or more.
“We are creating three distinct, high-quality service streams, offering different intensity of supports, depending on an individual’s distance from the labour market.
“The second change is the introduction of effective, fair and proportionate mutual obligations that are reflective of an individual’s distance from the labour market and are designed to actually help people get a suitable job.
Third, we are overhauling the assessment and triaging process so barriers to employment are identified early and jobseekers are matched with the right supports from day one. And fourth, we are introducing a new planning tool so participants can identify and work towards their own employment goals, as well as overcome their specific barriers.
Labor’s reforms will move away from Coalition-era programs that focused on points systems
, which the government believes are too rigid. The Coalition will likely accuse the Albanese government of watering down the rules at a time when unemployment is rising and the welfare cohort is growing.
The Australian understands the reforms won't necessarily save public costs or mean less bureaucracy is involved in operating new employment service streams. There will be a focus on tailoring services for those who may require drug and alcohol rehabilitation and encouraging less onerous administrative burdens for providers.
The government is signalling that it wants to end a box-ticking approach to employment services, which has led Australians into work that doesn't suit them and employers complaining about long-term staffing retention.
Ms Rishworth today will announce how the government will spend the $312.1m allocated over five-years in the budget to support Labor’s reforms. The budget papers show $26.5m will be spent on increasing resourcing for the National Customer Service Line supporting jobseekers and employers.
The Albanese government, which released an employment white paper in 2023 following the jobs and skills summit, also launched a Parents Pathway program promoted as a personalised pre-employment service for mums and dads.
The Australian Council of Social Service and the Greens have ramped-up pressure on the Albanese government to abolish or pause mutual obligation and increase JobSeeker payments.
Despite pushback from social services groups and left-wing activists, the Albanese government has no intention of ending mutual obligation requirements.
LOCAL CHATTER:
Jelle van den Berg and his Man Mountain exhibition (sample above) is on in God's Waiting Room (the church hall) this weekend alongside the museum. This is its last weekend.
♦♦♦♦
Speed cameras to return to Murrurundi but the pedestrian crossing will remain the same. Thanks to Carlo Bertozzi for his persistance and website presence.
♦♦♦♦
Big weekend coming up. Sunday is National Tree Day and also the last market day for the next couple of months as winter starts to set in. It is also Big Morning Tea day in downtown Murrurundi.
NEWS:
🙂
Veteran's
family get
travel back
Following a public outcry and pressure from the veteran community, Labor has backflipped on its decision to scrap the travel allowances of the parents of late Australian war hero Cameron Baird, the Daily Telegraph newspaper reports today.
The father of deceased war hero and Victoria Cross recipient Corporal Cameron Baird says he was a little more spring in my step
after Labor reversed its decision to cull the family’s travel allowance.
The commando was posthumously awarded the Victoria Cross, Australia’s highest military honour, for his efforts in Afghanistan after he was killed in action.
After days-long campaign to overturn the change which resulted in grounding Corporal Baird’s parents Doug and Kaye Baird from representing their son at veterans' events, Minister for Veteran Affairs Matt Keogh relented to the community furore.
Previously all travel had been approved by the Department of Veterans Affairs and the Baird family were never renumerated for their travel.
Mr Baird thanked supporters who reached out to the family. The family will also be launching a new charity in Corporal Cameron’s name in June at the Australian War Memorial.
This bad budget decision should never have been made. I should have never had to contact Anthony Albanese but I did, and I'm pleased that this has now been reversed,
Mr Abbott said in a video shared on Instagram.
There are a few other hits to veterans in the budget and it’s time to reverse them too.
Travel allowances for Victoria Cross recipients are also currently being reviewed by Mr Keogh and DVA, however all existing arrangements will be grandfathered.
Under current arrangements recipients receive an annual tax-free travel allowance of $5696 a year.
A review into Victoria Cross travel entitlements - to ensure taxpayers' money is being spent appropriately and consistently - will be run by Ray Griggs, the former Vice Chief of the Defence Force and former Secretary of the Department of Social Services,
said Mr Keogh.
But the government can confirm that existing arrangements will be grandfathered, meaning the Baird family will not lose access to Government funded travel.
[click the intro to return other stories]

💂
No strolls
across the
paddock
Just days after authorities shared a dramatic update in their investigations into Andrew, the King’s telling decision has been revealed, reports the news.com.au website today. [click to read more]
King Charles spent the long weekend within a short walking distance from his disgraced brother over the weekend but refused to visit him, it’s been revealed.
The Times UK reports that the monarch arrived at Wood Farm on Sandringham estate in Norfolk on Sunday, just two days after British authorities announced that they had widened their criminal investigation into the former Duke of York.
According to the publication, the King has no intention of seeing his brother while staying on the property.
Andrew has been living at Marsh Farm, located next door to Wood Farm, since around April this year after being evicted from the sprawling Royal Lodge in Windsor.
King Charles spent the long weekend within a short walking distance from his disgraced brother over the weekend but refused to visit him, it’s been revealed.
The Times UK reports that the monarch arrived at Wood Farm on Sandringham estate in Norfolk on Sunday, just two days after British authorities announced that they had widened their criminal investigation into the former Duke of York.
According to the publication, the King has no intention of seeing his brother while staying on the property.
Andrew has been living at Marsh Farm, located next door to Wood Farm, since around April this year after being evicted from the sprawling Royal Lodge in Windsor.
He was arrested back in February on suspicion of misconduct in public office with allegations that he had shared confidential documents with convicted sex offender Jeffrey Epstein during his time as an official trade envoy for the UK government.
On Friday, Thames Valley police revealed that the former prince is now being investigated for possible sex offences after a woman, who is not British, claimed that Epstein had sent her to Andrew’s Windsor residence back in 2010.
She has not officially reported the allegation to authorities.
Andrew has always denied all allegations of wrongdoing.
In Friday’s update, it was also confirmed that the wide-ranging
investigation into Andrew also now includes possible fraud and corruption charges.
Following his arrest in February, searches were conducted at both Royal Lodge and his new Norfolk home, during which it’s believed evidence was recovered. Detectives have since interviewed several witnesses
and have called for anyone with any information to come forward.
Within hours of his brother’s arrest, the King released an extraordinary statement, declaring that the law must take its course
while reiterating that police have his full and wholehearted support and co-operation
as they continue their probe.
Meanwhile, a batch of documents relating to Andrew’s appointment as an official trade envoy were released on Thursday, revealing the late Queen was very keen
for her son to be given the official role.
The British government published the tranche of historic documents dating back to when the job was confirmed in 2001, saying it had found no evidence that formal due diligence or vetting had been carried out at the time.
He had served as the UK’s Special Representative for International Trade and Investment between 2001 to 2011, meaning he travelled the world meeting with senior officials and business figures in an unpaid but highly privileged role.
[click the intro to return to front page]

🌏
Fiji heads
up China
watching
Quad countries ink deal to build surveillance network and Fiji port to counter China, writes The Guardian website. [click to read the rest of the story].
The Quad group of countries ∼ Australia, the United States, India and Japan ∼ have announced an initiative to build surveillance capabilities and critical minerals co-operation, Agence France Presse reports.
The US secretary of state, Marco Rubio, took part in the meeting in New Delhi and said the Quad comprised countries who share strong values — strong, vibrant democracies
and have many aligned interests
.
The Quad said in a joint statement members would together mobilise $US20bln in government and private money to strengthen critical mineral supply chains, including by identifying projects in the four countries.
They would also work together on two maritime initiatives — one that combines their surveillance capabilities and another that will provide enhanced real-time information to commercial traffic at sea.
The Quad was co-operating on assisting port development in Fiji — a key island nation in the South Pacific, where China has made a concerted push for greater influence, Australia’s foreign minister, Penny Wong, said.
We recognise our obligation ∼ our responsibility ∼ to provide real choices, particularly as strategic circumstances in our region are deteriorating,
Wong said.
The Quad in a statement also set a goal of connecting South Pacific islands through undersea cables by the end of the year, integrating them economically to the four democracies rather than China.
[click the intro to return to front page]
COMMENT:
Murrurundi Times news site with items covering national news and Upper Hunter region including the township of Murrurundi
Federal Court has ruled against a women-only app founder in a landmark transgender discrimination case, forcing her to pay compensation and sparking fears about women’s rights, writes Peta Credlin in the Sunday Telegraph today. [click to read more]
On Friday afternoon, as I sat down to work on this column, I honestly didn't know where to focus first.
Was the biggest issue the loss of integrity in our public life, after the Prime Minister ("my word is my bond") admitted saying 50 times he would not change any of the rules around investment properties but did it anyway?
Or was it the reality, confirmed in the budget papers, that under Labor’s record high immigration, Australia will hit 30 million people by 2030, despite nowhere near enough housing for those here now? Or was it the revelation that Labor has just brought in death duties by stealth?
Giggle v Tickle
As I debated all of this, the Federal Court handed down its decision in the long-running Giggle v Tickle case, where Sall Grover, a woman and founder of a women’s online networking app (called Giggle For Girls) was accused of discrimination against a transgender woman, the biologically male Roxanne Tickle, who sought to join the women-only app.
In a devastating blow for the rights of women and girls in this country, the court rejected scientific fact and declared that sex was more than biology (it isn't), and so Grover lost and now owes compensation to Tickle.
The fact that the taxpayer-funded Human Rights Commission was a part of this legal action to deny all women our biological rights is appalling. The fact that Grover now has to rely on donations from ordinary people to defend rights that should not need defending says everything about the state of woke policy and activist courts in Australia.
But what’s perhaps most galling of all is that we are only in this position of denying chromosomal reality because Julia Gillard, ironically the first female prime minister, stripped the word woman
from the sex discrimination act. Before then, this case would never have got to court.
Anyone for any toilet
But what this latest decision does (and let’s hope it gets overturned when Sall Grover heads to the High Court), is that women’s sport, toilets, access to medical services, schools, clubs, domestic violence shelters, prisons ∼ the whole box and dice ∼ are open slather to any man who declares he is a woman.
Gender used to be what you called yourself, sex is what XY or XX made you. Not any more, thanks to this decision. And Gillard too, who changed the law just TWO DAYS before she was rolled by Kevin Rudd in June 2013 — how dare she lecture anyone on misogyny.
But on Friday afternoon, the bad news kept coming.
To add Labor insult to Labor injury, dropped out when they hoped no-one was watching was news from the Victorian government that not only was Daniel Andrews going to get a bronze statue in his honour but that it was already being made. You can't make this stuff up, can you?
In memory of stupidity
Given Victoria has a daily interest bill of $24 million, a $130,000 statue is a rounding-error but it’s the attempt to force Victorians to honour the man who locked them up for two years, ruined businesses, blew out debt, kowtowed to China, dialled up woke and made the once-proud state an international laughing stock that’s tipped people over the edge.
Am I the only one asking how the heck did we get here?
And, more to the point, how do we turn it around or, God forbid, is it even possible?
Never trust any leader again
If Albanese is allowed to get away with his massive budget lie, then we will never be able to trust any leader again. And if we can't ask questions before an election and base our decisions on what they tell us and hold them to it, then democracy is dead.
For all of Labor’s talk about intergenerational equity, the budget hits younger Australians the hardest. The PM says breaking his word on negative gearing is about them, but how can it be when they will never be able to use negatively gearing (as he has) to build up a nest egg but those doing it now can keep it up?
Buy a new-build property instead, Labor tells investors. But again, how’s that fair for young people given this is what they typically buy as a first home and, now, they're going to face even more competition as investors move in? Even Labor’s own budget papers admit that these changes will likely increase rents (as they did in the Keating era before he was forced to back down) and do little to increase the stock of available homes.
And then there’s the tax on aspiration (CGT changes) before they get you from the grave (the hit on trusts).
Liberal backbone
Thankfully, the Liberals have finally found a bit of policy backbone, and a bit of political mongrel.
Angus Taylor’s reply to Labor’s budget speech felt like the start of the Coalition getting its mojo back. He made the bold move to end bracket creep once and for all by indexing income tax thresholds, meaning low- and middle-income earners won't get punished for getting ahead. On migration, he went for the jugular and landed a bullseye if the hyperventilating from Labor MPs is any guide. The PM in particular was hysterical, declaring it was un-Australian to divide people between those who are migrant and those who are not.
That is not what Taylor did. He divided them between Australian citizen and non-citizen and said that, under the Coalition, only citizens would get access to the pension, the dole, the NDIS and other welfare.
Help for no commitment
Now what is unfair about that? Why should your taxes carry people who have made no formal commitment to this country? Right now, people can live here for decades, take the money and never pledge loyalty to Australia and its people. Taylor says not any more.
Add in the Treasurer’s announcement of a new Working Australians Tax Offset (a pollster-named handout if ever there was one) of $250 a year (or $4.80 a week) and rightly people are angry. In his budget speech, Jim Chalmers called his WATO meaningful
but what’s meaningful about 68 cents a day when the cost of everything has skyrocketed? It’s not meaningful, it’s insulting.
(And I might add, it’s still not even the $275 Albanese promised off their power bills).
Albo's right for a change
Anthony Albanese said that this budget is full of Labor values
and it is — the socialist values
that attack the fair-go, break trust, and hit middle Australia even harder
For the Liberals, there could be no better ground than this to fight Labor.
If the Coalition holds its nerve and campaigns every day like its life depends on it (because, frankly, it does) then this budget could well be the beginning of the end for the Albanese government.
But only if they work, day and night, to take the fight up to Labor. Labor is the target, not each other and not One Nation.
THUMBS UP
Jacinta Nampijinpa Price: Her emotional, fighting speech in the Senate is a must-watch as she demanded culture
takes a back seat to better protect Aboriginal children.
THUMBS DOWN
Military witch hunt: Another $43m in Labor’s budget to investigate soldiers on top of the $350m that the Brereton process has cost taxpayers already.
Murrurundi Times news site with items covering national news and Upper Hunter region including the township of Murrurundi
"Promises and pie-crust," Jonathan Swift wrote in 1738, "are made to be broken." Vladimir Lenin, who liked the line, treated it as a slogan. Anthony Albanese treats it as a principle, Henry Ergas points out in the The Australian today. [click to read more]
The Prime Minister’s defence for repudiating assurances he had insistently reiterated ∼ indeed, for the 50th time
∼ is that Australia faces a crisis of intergenerational equity. But as Jonathan Pincus and I demonstrated on these pages, the claim is analytically incoherent and empirically threadbare. Nor, even if there were such inequities, would that justify the abrupt abandonment of repeatedly affirmed undertakings.
Serious governments seek democratic consent for contentious measures they had previously assured voters they would not introduce. John Howard did so with the GST: having ruled it out, he reversed openly, took it to the 1998 election, and proceeded only on the mandate he won there.
Greatest tax take in commonwealth history
The reason the Albanese government has not followed suit is neither urgency nor necessity. It is fear: fear that despite the opposition’s parlous state, voters would punish a government that has spent freely, governed carelessly and is now poised to extract the greatest tax take in commonwealth history.
The budget’s own numbers make the reality plain. Even accepting Treasury’s assumptions, the budget measures will increase housing supply over the next decade by less than one-third of 1%, while housing demand is likely to rise more than 15 times as quickly. This is not serious economic reform. It is a revenue grab wrapped in the language of moral urgency.
Corroding public trust
The inevitable result of that gap between political rhetoric and political practice is to corrode public trust. Trust, after all, is not a natural disposition; it is a social achievement, slowly accumulated and quickly squandered.
The word itself reveals the point. The Old English treow
lies behind both truth
and trust
; since at least the 15th century, to trust
someone has meant to believe that when he says what he will do, he speaks truthfully. Governments can sustain trust only by being truthful and trustworthy — and the institutional form through which those virtues manifest themselves is the promise.
A promise is what binds words to conduct, declarations to action, and electoral consent to subsequent government. Governments owe fidelity to their promises not merely for their own political advantage; they owe it because a healthy democratic life depends upon citizens being able to assume and assess fidelity to public commitments.
Governments need to mean what they say
The credibility of promises is also more broadly crucial to the viability of a free society, whose very essence is that people must order their lives amid continual uncertainty. Promises, including the promise that laws will not be changed capriciously, are what give individuals, families and businesses stable ground on which to plan. As Hannah Arendt wisely observed, they build islands of predictability
in the ocean of uncertainty
— islands that matter most to those with the fewest resources to absorb sudden policy shocks.
A young couple relying on an investment property to finance homeownership, a retiree dependent on hard-earned savings, a small business weighing expansion: all rely on governments meaning what they say.
But promises can only fulfil that stabilising role because they belong to the grammar of commitment: to the forms of obligation whose value lies in their relative insulation from changing convenience. A promise abandoned the moment it becomes burdensome is worth no more than the loyalty that melts away at the first sign of difficulty.
The preservation of credible public commitments is especially vital in Australia, where suspicion of the political process long predates contemporary disenchantment. Distrust of politicians was, as John Hirst emphasised, constitutive of the colonial polity itself. The men who entered politics were not thought fit to be trusted - and despite outstanding exceptions, many weren't.
Pioneering scholars of mass behaviour
The endless Australian debate over the accountability of parliamentarians reflected that suspicion. Both the Burkean trustee ∼ who is guided only by the light of his own judgment ∼ and the instructed delegate had their advocates. But it was the latter conception, entrenched by the emerging Labor Party, that ultimately prevailed. Labor parliamentarians were to be mere instruments: controlled by the ALP’s extra-parliamentary wing, bound by a pledge to uphold the platform and required to submit to caucus discipline on pain of political excommunication.
The Australian mass party thus emerged, from the beginning, as an institutional response to distrust: a mechanism designed less to cultivate confidence in politicians than to contain the risks they posed once elected. And Australian voters learned to scrutinise the distance between promise and performance with an intensity rare in comparable democracies. When that gap widened too far, confidence collapsed.
It is against this background that the events of the past three years must be seen. The Albanese government’s record on the central tax promises of two successive elections ∼ stage three, superannuation, and now negative gearing and the capital gains tax discount ∼ does not just constitute a litany of broken commitments; it constitutes the accelerated dismantling of an already tarnished public asset.
The predictable effect is an even more accelerated crisis of political representation. The four-decade arc from 1975’s 4% third-party vote to 2025’s 34% highlights its seemingly inexorable progression.
Withdrawing faithfulness
Those voters who have spurned the major parties are not ideological partisans of any third force; they are observant citizens who, having grasped what the parties no longer deliver, exercise the only sanction the system leaves them. Unable to meaningfully demand or expect faithfulness to a program from parties whose programs have ceased to bind, they withdraw their own faithfulness from those parties altogether.
The alternatives may not be especially attractive nor particularly unifying — but negative coalitions, aimed at punishing a detested foe, form more easily than positive ones precisely because they require only shared aversion rather than common aspiration. In these conditions, anti-system parties flourish, their capacity to aggregate voters a symptom not of democratic renewal but of democratic exhaustion.
To make things worse, governments confronted by a perpetually seething electorate are naturally tempted to govern through stealth and administrative manoeuvre, further impairing the trust whose disappearance produced the crisis of representation in the first place. And when a real, rather than confected, emergency arrives, they discover they can no longer summon the loyalties and willingness to sacrifice on which the survival of free societies ultimately depends.
Public language becomes tactical
No society can govern itself for long on the assumption that public language is merely tactical. Governments that repeatedly break faith with the electorate may secure temporary advantages. But they do so by undermining the confidence that policies announced today will survive long enough to shape behaviour tomorrow. As that confidence erodes, both the effectiveness of public policy and force of democratic authority unravel.
That is the deeper significance of the Albanese government’s conduct. It is not merely bad policy. It is the depletion of a civic inheritance that free societies squander far more easily than they rebuild. Yes, promises can be cracked like pie crusts. But in the end, public trust cracks with them. Lenin, sheltered by brutal authoritarianism, never had to learn that lesson. With the fabric of our democracy rapidly fraying, it is high time Anthony Albanese did.

FEATURE:
Created by DiDa - http://www.faico.net/dida/
Ω
The budget is squeezing every Australian — but Barefoot Investor says the angriest critics have got it dead wrong. Here's the scathing reality check that will make you furious.
No
guilded
lillies
here!
Scott Pape in Daily Telegraph
A
fter reading this column, my editor said: I'm confident this piece will generate the greatest amount of hate mail you've ever received.
Let's see if they're right
Do you know what the easiest thing I could have done this week was? Exactly what every other financial commentator has done: Lean into the outrage about the budget.
Instead, I'm going the other way. And I'm probably going to piss a lot of you off. Starting with Brian, who wrote to me after what I can only imagine was a solid session on the La-Z-Boy with a few reds:
Labor's tax grab?
Scott, I am just so sick of these incompetent bastards. This budget is just another giant Labor tax grab. People in the top 10% of income earners pay more than half the taxes. Half! Now Albo wants to be a 47% silent partner in every small business in the country. Why would anyone bother? Young people saving for a deposit in index funds? Taxed.
Family trusts helping kids through university? Taxed. Small business owners who've spent decades building something? Taxed at rates that would make your eyes water.
New Zealand has no capital gains tax. Dubai has no capital gains tax. And our smartest young people are figuring that out real fast. You've got the platform, Scott. Let your followers know what’s really going on.
Bingo-bango, Brian! You've sure got a lot of very big feelings. Thankfully, I'm a father of four. I deal with big feelings before breakfast.
Let’s get into it.
Brian and I have a lot in common. I'm a high income earner and I pay a lot of tax. I come from a family of small business owners and I run one myself. And I bristle when I see politicians crowing about their economic credentials. The fact is, this is the highest-taxing Australian government since World War Two, and that spending is putting pressure on interest rates that every mortgage holder feels.
Yet what really worries me isn't the tax take. It’s that our outrage meter seems to be stuck at 11.
It feels like we're drifting towards America, where everything is viewed through a political lens and everyone is absolutely furious all the time.
Barefoot has given a scathing budget reality check.
And if we get angry enough we might just end up with Pauline as our PM, and the greatest economic insight she’s ever had was asking Why can't we just print more money?
(Seriously, look it up.)
Anyway, let’s deal with Brian’s three beefs. Plenty of young people have written to me in a panic about the changes to capital gains tax. Many were planning to use their share portfolio as a house deposit.
CGT not biggest problem
My view? The CGT change is not their biggest problem. Let’s say a young investor puts $50k into an Aussie index fund. Based on historical returns, it grows to around $72k over five years. Under the new CGT rules, they'd pay roughly $900 more tax when they sell. And depending on future returns and inflation, they might actually come out ahead.
The real problem is the share market dropping 40% and their $72,000 deposit becoming $43,000. Then it takes a decade to recover, while rents keep rising and they're still at their parents' place eating their Cheerios. That’s why my rule has never changed: do not save for a house deposit in the share market.
Business partner!
Brian’s 47 per cent silent partner
line was funny on social media the first 700 times. Now it’s just annoying. And it’s wrong. The small business CGT concession regime allows the vast majority of small business owners to halve or completely eliminate the capital gains tax they pay when they sell. It’s been there for years (though the thresholds need to be increased.)
The real risk is using the tax rate as a reason not to back yourself. Building something from nothing, employing people, serving your community. It’s a hard life. It’s also one of the most rewarding things a person can do. Don't let a meme talk you out of it.
The family trust
Okay, so this one stings. You see, my kids have been nothing but a spectacular financial loss since the day they arrived. I was counting down the days until they turned 18, when I could finally start distributing trust income to them and claw something back. And then the bloody government snapped that door shut just as my eldest was getting close to useful.
Yet it actually makes sense. The system lets wealthy families with good accountants pay less tax than nurses and tradies. That doesn't pass the pub test.
Finally, if you spend enough time on social media (or listen to Brian) you may start to think that Australia is the highest-taxed nation on earth. Actually, we're in the middle of the pack, but with a standard of living in the top handful of countries on the planet. The cops don't shake us down (mostly). Our kids go to decent public schools (mostly). And if one of them gets sick, you don't need a GoFundMe page.
We'll be fine. After all, we're the wealthiest people in the country. Living in one of the wealthiest countries in the world. At the richest time in human history. Life is good, Brian, especially when you log off. Tread Your Own Path!
Financially abusing my brother
Hi Scott: My brother just divorced his nasty wife. She had access to all his accounts, blew through a $180,000 inheritance, ran up $25,000 on his credit card, and towards the end wouldn't even let him touch his own debit card. He’s now living with me. He’s on a disability pension and can't work. I manage his accounts, have set-up his savings, and have tried to teach him the basics. He says it’s too hard. My sister accuses me of making it worse. Am I doing more harm than good?
Hello Caring Sister, your brother is lucky to have you.Your sister doesn't sound nice, but she does have a point. (How’s that for having it both ways?)
Now, before you throw me across the room, I know your intentions are completely different from his nasty ex-wife’s. You love your brother. She didn't. But, from where he’s standing, someone else is still controlling his money, his savings, and his decisions.
Now your bro doesn't need to become the next Warren Buffett. He just needs to learn to stand on his own two feet again, but that won't happen while you're transferring his surplus savings for him.
Think about how this plays out long term. Your brother grows increasingly dependent on you. You grow increasingly resentful
and neither of you need that.
My advice? Keep helping him with the basics. Set him up with one simple account, show him how to use his card, and then step back. Let him make small mistakes with small money. That’s how people learn. And then, when the settlement comes, he'll be ready to move out and start his new life. That’s good for him, and great for you.
No Show Albo
Scott: As a man who lost the family home because of my gambling addiction (a shame I live with every day), and as a father whose teenage son 'plays' fantasy football and gets emails and ads from sports gambling companies, I was bitterly disappointed that the government tried to bury their inaction on gambling ads. Did you get a reply from the Prime Minister?
Hi Daniel: I wasn't expecting a reply, and old Albo didn't disappoint!
He’s the most powerful man in Australian politics. He had the backing from both sides of politics, and the people — nearly three-quarters of parents (myself included) reported being bothered by their kids being exposed to gambling ads.
He had the ability to stand up and say: We've got a huge gambling problem on our hands, and the beginning of that problem is that sport is a gateway to gambling: today for three in four kids it’s a normal part of sport. That’s crap. I'm the Prime Minister of this country and I've had enough. No more bloody ads.
But he didn't.
The lobbyists won, the kids lost — the odds never change.
OVERSEAS:
People walk past a billboard with a picture of Iranian people, in Tehran, Iran. Photo: Majid Asgaripour/WANA (West Asia News Agency) via Reuters
Eric Schmitt, reporting from Washington writes in the The New York Times military officials said that the recent military strikes targeted missile sites near a major Iranian port that threatened U.S. ships and planes. American military forces conducted what U.S. Central Command said were "self-defense strikes" in southern Iran on Monday "to protect our troops from threats posed by Iranian forces." The targets included missile launch sites and Iranian boats trying to place mines, Capt. Tim Hawkins, a Central Command spokesman, said in a statement. "U.S. Central Command continues to defend our forces while using restraint during the ongoing cease-fire," said Captain Hawkins, who declined to say which ships came under fire, where they were located or precisely where the other U.S. strikes took place. A senior U.S. military official said Iranian surface-to-air missiles threatened some of the dozens of American warplanes and nearly two dozen Navy warships ∼ including two aircraft carriers and their escort vessels ∼ that are in or around the Gulf of Oman and Arabian Sea enforcing a blockade against vessels trying to enter or leave Iranian ports. The official added that the U.S. strikes hit near Bandar Abbas, a major port and Iranian navy base. American and Iranian forces have had other skirmishes since a cease-fire took effect about six weeks ago. But the strikes on Monday came as Iranian negotiators arrived in Qatar for talks on ending the war and they threatened to upend a fragile potential agreement that President Trump has said could reopen the Strait of Hormuz and relieve the greatest energy disruption in modern times. That Iranian missile batteries were reportedly zeroing in on U.S. Navy ships came as no surprise, despite repeated assertions from Mr. Trump, Defense Secretary Pete Hegseth and other military leaders that the 38-day American-Israeli military campaign had vastly degraded or destroyed much of Iran's combat power. U.S. intelligence agencies have told policymakers in confidential assessments from early this month that Iran has regained access to most of its missile sites, launchers and underground facilities. While the United States has sunk most of Iran's conventional navy, Iran's Islamic Revolutionary Guards Corps still retains hundreds of small speedboats that can be used to lay mines in the strait. Most alarming to some senior officials is evidence that Iran has restored operational access to 30 of the 33 missile sites it maintains along the Strait of Hormuz, which could threaten American warships and oil tankers transiting the narrow waterway. People briefed on the assessments said they show ∼ to varying degrees, depending on the level of damage incurred at the different sites ∼ that the Iranians can use mobile launchers that are inside the sites to move missiles to other locations. In some cases, Iran can launch missiles directly from launchpads that are part of the facilities.

Created by DiDa - http://www.faico.net/dida/
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The tik-toks have it
At Milan Design Week, just following Watches and Wonders, Jaeger-LeCoultre staged The Perpetual Timekeeper, a sprawling two-floor exhibition dedicated not to wristwatches, but to Atmos clocks-the mysterious, glass-encased objects that have quietly occupied one of the most intriguing corners of the maison's history since 1928. ROBB Report.
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Powerhouse art work
British Indian artist, 57-year-old Bharti Kher, has been commissioned by Powerhouse Parramatta to create a large-scale public artwork for the forthcoming museum, which is slated to open later this year in Parramatta, Western Sydney. Titled Tree of Life, Kher's project is a seven-meter-tall, totem-like bronze sculpture of fourteen heads stacked atop one another, encapsulating themes of ancestral memory, interconnectedness, and community, reports artasiapacific.com

The Murrurundi Times is owned, compiled and written by Des Dugan. Email
The S&P 500 and Nasdaq hit record closing highs on Tuesday, as AI-fueled optimism offset anxiety over Middle East peace talks — concerns that were compounded by recent U.S. strikes on Iran, Reuters reports on today's website. [click to continue reading]
Semiconductor stocks, which have surged on AI-driven demand, led gains, with Micron gaining 19%, hitting $1 trillion in market value for the first time after UBS increased its price target on the stock to $1,625 from $535.
Upbeat earnings and renewed confidence in AI trade have driven U.S. equities higher despite the ongoing conflict with Iran, with investors now turning their attention to IPOs of some of the largest private AI companies, including SpaceX.
For those of us that have been working that long, the tech rallies we've been seeing this year are reminiscent of the boom at the end of the 1990s,
said Chris Zaccarelli, chief investment officer for Northlight Asset Management.
It’s also possible that some of the lessons that were learned after the tech bubble burst over 25 years ago will prevent the same thing from happening again.
The market took comfort from comments by U.S. Secretary of State Marco Rubio, who said that a deal with Tehran to halt the conflict could take a few days,
while Iran’s Tasnim news agency reported that Tehran was seeking the release of $24 billion of Iranian funds frozen overseas.
Even though we don't have an end of the war yet, there’s a very high likelihood the situation will resolve itself in a peaceful fashion sooner rather than later,
said Adam Sarhan, chief executive of 50 Park Investments.
But the reality is that earnings are expected to grow even with high inflation. The economy is still growing, and the market is a mirror of the economy to a large extent.
The Dow Jones Industrial Average fell 118.02 points, or 0.23%, to 50,461.68, the S&P 500 gained 45.65 points, or 0.61%, to 7,519.12 and the Nasdaq Composite gained 312.21 points, or 1.19%, to 26,656.18.
The S&P 500, the Nasdaq and the Russell 2000 touched intraday record highs on Tuesday, underscoring the strength of the recent rally.
Brent crude futures climbed about 4% on Tuesday after the U.S. military carried out strikes in Iran, adding to uncertainty over whether a deal would be reached soon to end the war and open up shipping flows through the Strait of Hormuz.
Qualcomm rose almost 4.5% after Bloomberg News reported it reached a deal with TikTok owner ByteDance to supply chips, while Marvell Technology ended 6% higher. The Philadelphia SE Semiconductor Index hit an all-time high, gaining 5.5%.
With the earnings season winding down, first-quarter earnings growth is expected to be 29% year-on-year compared with the 16.1% estimated a month ago, according to LSEG data from Friday.
Advancing issues outnumbered decliners by a 2.47-to-1 ratio on the NYSE. There were 627 new highs and 90 new lows on the NYSE.
On the Nasdaq, 3,078 stocks rose and 1,785 fell as advancing issues outnumbered decliners by a 1.72-to-1 ratio.
The S&P 500 posted 42 new 52-week highs and one new low while the Nasdaq Composite recorded 185 new highs and 70 new lows.
| 🎠 | Doctoring the unemployed |
Anthony Albanese has ordered the biggest shake-up of the employment services system in 30 years and authorised development of new “fair and proportionate” mutual obligation rules for working-age welfare recipients, amid concerns about rising unemployment across the country, reports The Australian today's website. [click to read more]
Employment and Workplace Relations Minister Amanda Rishworth today will launch a $312m reform package promising to overhaul an employment services system that costs taxpayers $2bln a year and end the final vestiges of the tougher Coalition-era welfare rules for working-age Australians.
Labor’s four-point reform strategy includes plans for three new tailored
employment service streams and changes to mutual obligation requirements, which currently include set tasks and activities that must be completed to receive working-age income support payments.
The government’s intervention comes after the Reserve Bank and Treasury warned of further deterioration in the labour market, fuelled by higher inflation, weak economic growth and flat private investment.
Australian Bureau of Statistics data last week revealed that the unemployment rate had jumped 0.2 percentage points to 4.5% in April.
Ahead of the May 12 budget, The Australian revealed that the number of working-age Australians relying on JobSeeker, Youth Allowance (Other) and single-parenting welfare payments had surged to almost 1.4 million, including 417,240 recipients aged under 34.
In an address to the National Press Club, Ms Rishworth will argue that the one-size-fits-all approach across all elements of Workforce Australia is letting too many participants fall through the cracks and creating inefficiencies in the system
.
The outcomes of this one-size-fits-all approach ∼ whether it’s parking people in the system or pushing them into unsuitable jobs ∼ is compounded by the standardised approach to mutual obligations,
Ms Rishworth will say.
“Mutual obligations are a longstanding feature of the employment services system, designed to encourage participants to maintain engagement in the job search process. Our government supports mutual obligations, which reflect the community’s expectation that if you can work and are receiving income support, you should be taking active steps to obtain work.
However, mutual obligations need to be fair, proportionate, and above all, effective in order to facilitate people getting a job. For too long, our public debate has been stuck in a conversation about whether mutual obligations are too hard, or too soft. When the real question should be: are mutual obligations activities actually helping people get into work? Unfortunately, all too often, the answer is clearly 'no'.
Immediately following the 2022 election, then employment minister Tony Burke softened Coalition-era mutual obligation requirements. The first-term Albanese government implemented a clean slate
policy, which allowed jobseekers who had accrued penalties or demerits to have a fresh start
.
The Coalition’s jobactive program, which required participants to complete up to 20 job applications as a mutual obligation in return for income support, was replaced by Workforce Australia.
Other changes overseen by Mr Burke included reducing the minimum job search requirements to four per month and cutting the points target for some participants.
Ms Rishworth will say that the standardised approach to mutual obligations is not as effective as it should be in helping jobseekers get into work
.
The government, which will establish an expert advisory group and consult with stakeholders in coming months on a discussion paper, has flagged plans to establish three new tailored
service streams: a new digital service for those ready to work but requiring help finding the right job; targeted provider-led support for people who need help building skills and confidence to return to the job market; and intensive support for people facing complex barriers.
With more than one million Australians accessing employment services each year, Ms Rishworth will warn that “20% of the Workforce Australia caseload have been struck there for five years or more.
“We are creating three distinct, high-quality service streams, offering different intensity of supports, depending on an individual’s distance from the labour market.
“The second change is the introduction of effective, fair and proportionate mutual obligations that are reflective of an individual’s distance from the labour market and are designed to actually help people get a suitable job.
Third, we are overhauling the assessment and triaging process so barriers to employment are identified early and jobseekers are matched with the right supports from day one. And fourth, we are introducing a new planning tool so participants can identify and work towards their own employment goals, as well as overcome their specific barriers.
Labor’s reforms will move away from Coalition-era programs that focused on points systems
, which the government believes are too rigid. The Coalition will likely accuse the Albanese government of watering down the rules at a time when unemployment is rising and the welfare cohort is growing.
The Australian understands the reforms won't necessarily save public costs or mean less bureaucracy is involved in operating new employment service streams. There will be a focus on tailoring services for those who may require drug and alcohol rehabilitation and encouraging less onerous administrative burdens for providers.
The government is signalling that it wants to end a box-ticking approach to employment services, which has led Australians into work that doesn't suit them and employers complaining about long-term staffing retention.
Ms Rishworth today will announce how the government will spend the $312.1m allocated over five-years in the budget to support Labor’s reforms. The budget papers show $26.5m will be spent on increasing resourcing for the National Customer Service Line supporting jobseekers and employers.
The Albanese government, which released an employment white paper in 2023 following the jobs and skills summit, also launched a Parents Pathway program promoted as a personalised pre-employment service for mums and dads.
The Australian Council of Social Service and the Greens have ramped-up pressure on the Albanese government to abolish or pause mutual obligation and increase JobSeeker payments.
Despite pushback from social services groups and left-wing activists, the Albanese government has no intention of ending mutual obligation requirements.
♦♦♦♦
Speed cameras to return to Murrurundi but the pedestrian crossing will remain the same. Thanks to Carlo Bertozzi for his persistance and website presence.
♦♦♦♦
Big weekend coming up. Sunday is National Tree Day and also the last market day for the next couple of months as winter starts to set in. It is also Big Morning Tea day in downtown Murrurundi.
| 🙂 | Veteran's family get travel back |
Following a public outcry and pressure from the veteran community, Labor has backflipped on its decision to scrap the travel allowances of the parents of late Australian war hero Cameron Baird, the Daily Telegraph newspaper reports today.
The father of deceased war hero and Victoria Cross recipient Corporal Cameron Baird says he was a little more spring in my step
after Labor reversed its decision to cull the family’s travel allowance.
The commando was posthumously awarded the Victoria Cross, Australia’s highest military honour, for his efforts in Afghanistan after he was killed in action.
After days-long campaign to overturn the change which resulted in grounding Corporal Baird’s parents Doug and Kaye Baird from representing their son at veterans' events, Minister for Veteran Affairs Matt Keogh relented to the community furore.
Previously all travel had been approved by the Department of Veterans Affairs and the Baird family were never renumerated for their travel.
Mr Baird thanked supporters who reached out to the family. The family will also be launching a new charity in Corporal Cameron’s name in June at the Australian War Memorial.
This bad budget decision should never have been made. I should have never had to contact Anthony Albanese but I did, and I'm pleased that this has now been reversed,
Mr Abbott said in a video shared on Instagram.
There are a few other hits to veterans in the budget and it’s time to reverse them too.
Travel allowances for Victoria Cross recipients are also currently being reviewed by Mr Keogh and DVA, however all existing arrangements will be grandfathered.
Under current arrangements recipients receive an annual tax-free travel allowance of $5696 a year.
A review into Victoria Cross travel entitlements - to ensure taxpayers' money is being spent appropriately and consistently - will be run by Ray Griggs, the former Vice Chief of the Defence Force and former Secretary of the Department of Social Services,
said Mr Keogh.
But the government can confirm that existing arrangements will be grandfathered, meaning the Baird family will not lose access to Government funded travel.
[click the intro to return other stories]
| 💂 | No strolls across the paddock |
Just days after authorities shared a dramatic update in their investigations into Andrew, the King’s telling decision has been revealed, reports the news.com.au website today. [click to read more]
King Charles spent the long weekend within a short walking distance from his disgraced brother over the weekend but refused to visit him, it’s been revealed.
The Times UK reports that the monarch arrived at Wood Farm on Sandringham estate in Norfolk on Sunday, just two days after British authorities announced that they had widened their criminal investigation into the former Duke of York.
According to the publication, the King has no intention of seeing his brother while staying on the property.
Andrew has been living at Marsh Farm, located next door to Wood Farm, since around April this year after being evicted from the sprawling Royal Lodge in Windsor.
King Charles spent the long weekend within a short walking distance from his disgraced brother over the weekend but refused to visit him, it’s been revealed.
The Times UK reports that the monarch arrived at Wood Farm on Sandringham estate in Norfolk on Sunday, just two days after British authorities announced that they had widened their criminal investigation into the former Duke of York.
According to the publication, the King has no intention of seeing his brother while staying on the property.
Andrew has been living at Marsh Farm, located next door to Wood Farm, since around April this year after being evicted from the sprawling Royal Lodge in Windsor.
He was arrested back in February on suspicion of misconduct in public office with allegations that he had shared confidential documents with convicted sex offender Jeffrey Epstein during his time as an official trade envoy for the UK government.
On Friday, Thames Valley police revealed that the former prince is now being investigated for possible sex offences after a woman, who is not British, claimed that Epstein had sent her to Andrew’s Windsor residence back in 2010.
She has not officially reported the allegation to authorities.
Andrew has always denied all allegations of wrongdoing.
In Friday’s update, it was also confirmed that the wide-ranging
investigation into Andrew also now includes possible fraud and corruption charges.
Following his arrest in February, searches were conducted at both Royal Lodge and his new Norfolk home, during which it’s believed evidence was recovered. Detectives have since interviewed several witnesses
and have called for anyone with any information to come forward.
Within hours of his brother’s arrest, the King released an extraordinary statement, declaring that the law must take its course
while reiterating that police have his full and wholehearted support and co-operation
as they continue their probe.
Meanwhile, a batch of documents relating to Andrew’s appointment as an official trade envoy were released on Thursday, revealing the late Queen was very keen
for her son to be given the official role.
The British government published the tranche of historic documents dating back to when the job was confirmed in 2001, saying it had found no evidence that formal due diligence or vetting had been carried out at the time.
He had served as the UK’s Special Representative for International Trade and Investment between 2001 to 2011, meaning he travelled the world meeting with senior officials and business figures in an unpaid but highly privileged role.
[click the intro to return to front page]| 🌏 | Fiji heads up China watching |
Quad countries ink deal to build surveillance network and Fiji port to counter China, writes The Guardian website. [click to read the rest of the story].
The Quad group of countries ∼ Australia, the United States, India and Japan ∼ have announced an initiative to build surveillance capabilities and critical minerals co-operation, Agence France Presse reports.
The US secretary of state, Marco Rubio, took part in the meeting in New Delhi and said the Quad comprised countries who share strong values — strong, vibrant democracies
and have many aligned interests
.
The Quad said in a joint statement members would together mobilise $US20bln in government and private money to strengthen critical mineral supply chains, including by identifying projects in the four countries.
They would also work together on two maritime initiatives — one that combines their surveillance capabilities and another that will provide enhanced real-time information to commercial traffic at sea.
The Quad was co-operating on assisting port development in Fiji — a key island nation in the South Pacific, where China has made a concerted push for greater influence, Australia’s foreign minister, Penny Wong, said.
We recognise our obligation ∼ our responsibility ∼ to provide real choices, particularly as strategic circumstances in our region are deteriorating,
Wong said.
The Quad in a statement also set a goal of connecting South Pacific islands through undersea cables by the end of the year, integrating them economically to the four democracies rather than China. [click the intro to return to front page]

Federal Court has ruled against a women-only app founder in a landmark transgender discrimination case, forcing her to pay compensation and sparking fears about women’s rights, writes Peta Credlin in the Sunday Telegraph today. [click to read more]
On Friday afternoon, as I sat down to work on this column, I honestly didn't know where to focus first.
Was the biggest issue the loss of integrity in our public life, after the Prime Minister ("my word is my bond") admitted saying 50 times he would not change any of the rules around investment properties but did it anyway?
Or was it the reality, confirmed in the budget papers, that under Labor’s record high immigration, Australia will hit 30 million people by 2030, despite nowhere near enough housing for those here now? Or was it the revelation that Labor has just brought in death duties by stealth?
Giggle v Tickle
As I debated all of this, the Federal Court handed down its decision in the long-running Giggle v Tickle case, where Sall Grover, a woman and founder of a women’s online networking app (called Giggle For Girls) was accused of discrimination against a transgender woman, the biologically male Roxanne Tickle, who sought to join the women-only app.
In a devastating blow for the rights of women and girls in this country, the court rejected scientific fact and declared that sex was more than biology (it isn't), and so Grover lost and now owes compensation to Tickle.
The fact that the taxpayer-funded Human Rights Commission was a part of this legal action to deny all women our biological rights is appalling. The fact that Grover now has to rely on donations from ordinary people to defend rights that should not need defending says everything about the state of woke policy and activist courts in Australia.
But what’s perhaps most galling of all is that we are only in this position of denying chromosomal reality because Julia Gillard, ironically the first female prime minister, stripped the word woman
from the sex discrimination act. Before then, this case would never have got to court.
Anyone for any toilet
But what this latest decision does (and let’s hope it gets overturned when Sall Grover heads to the High Court), is that women’s sport, toilets, access to medical services, schools, clubs, domestic violence shelters, prisons ∼ the whole box and dice ∼ are open slather to any man who declares he is a woman.
Gender used to be what you called yourself, sex is what XY or XX made you. Not any more, thanks to this decision. And Gillard too, who changed the law just TWO DAYS before she was rolled by Kevin Rudd in June 2013 — how dare she lecture anyone on misogyny.
But on Friday afternoon, the bad news kept coming.
To add Labor insult to Labor injury, dropped out when they hoped no-one was watching was news from the Victorian government that not only was Daniel Andrews going to get a bronze statue in his honour but that it was already being made. You can't make this stuff up, can you?
In memory of stupidity
Given Victoria has a daily interest bill of $24 million, a $130,000 statue is a rounding-error but it’s the attempt to force Victorians to honour the man who locked them up for two years, ruined businesses, blew out debt, kowtowed to China, dialled up woke and made the once-proud state an international laughing stock that’s tipped people over the edge.
Am I the only one asking how the heck did we get here?
And, more to the point, how do we turn it around or, God forbid, is it even possible?
Never trust any leader again
If Albanese is allowed to get away with his massive budget lie, then we will never be able to trust any leader again. And if we can't ask questions before an election and base our decisions on what they tell us and hold them to it, then democracy is dead.
For all of Labor’s talk about intergenerational equity, the budget hits younger Australians the hardest. The PM says breaking his word on negative gearing is about them, but how can it be when they will never be able to use negatively gearing (as he has) to build up a nest egg but those doing it now can keep it up?
Buy a new-build property instead, Labor tells investors. But again, how’s that fair for young people given this is what they typically buy as a first home and, now, they're going to face even more competition as investors move in? Even Labor’s own budget papers admit that these changes will likely increase rents (as they did in the Keating era before he was forced to back down) and do little to increase the stock of available homes.
And then there’s the tax on aspiration (CGT changes) before they get you from the grave (the hit on trusts).
Liberal backbone
Thankfully, the Liberals have finally found a bit of policy backbone, and a bit of political mongrel.
Angus Taylor’s reply to Labor’s budget speech felt like the start of the Coalition getting its mojo back. He made the bold move to end bracket creep once and for all by indexing income tax thresholds, meaning low- and middle-income earners won't get punished for getting ahead. On migration, he went for the jugular and landed a bullseye if the hyperventilating from Labor MPs is any guide. The PM in particular was hysterical, declaring it was un-Australian to divide people between those who are migrant and those who are not.
That is not what Taylor did. He divided them between Australian citizen and non-citizen and said that, under the Coalition, only citizens would get access to the pension, the dole, the NDIS and other welfare.
Help for no commitment
Now what is unfair about that? Why should your taxes carry people who have made no formal commitment to this country? Right now, people can live here for decades, take the money and never pledge loyalty to Australia and its people. Taylor says not any more.
Add in the Treasurer’s announcement of a new Working Australians Tax Offset (a pollster-named handout if ever there was one) of $250 a year (or $4.80 a week) and rightly people are angry. In his budget speech, Jim Chalmers called his WATO meaningful
but what’s meaningful about 68 cents a day when the cost of everything has skyrocketed? It’s not meaningful, it’s insulting.
(And I might add, it’s still not even the $275 Albanese promised off their power bills).
Albo's right for a change
Anthony Albanese said that this budget is full of Labor values
and it is — the socialist values
that attack the fair-go, break trust, and hit middle Australia even harder
For the Liberals, there could be no better ground than this to fight Labor.
If the Coalition holds its nerve and campaigns every day like its life depends on it (because, frankly, it does) then this budget could well be the beginning of the end for the Albanese government.
But only if they work, day and night, to take the fight up to Labor. Labor is the target, not each other and not One Nation.
THUMBS UP
Jacinta Nampijinpa Price: Her emotional, fighting speech in the Senate is a must-watch as she demanded culture
takes a back seat to better protect Aboriginal children.
THUMBS DOWN
Military witch hunt: Another $43m in Labor’s budget to investigate soldiers on top of the $350m that the Brereton process has cost taxpayers already.

"Promises and pie-crust," Jonathan Swift wrote in 1738, "are made to be broken." Vladimir Lenin, who liked the line, treated it as a slogan. Anthony Albanese treats it as a principle, Henry Ergas points out in the The Australian today. [click to read more]
The Prime Minister’s defence for repudiating assurances he had insistently reiterated ∼ indeed, for the 50th time
∼ is that Australia faces a crisis of intergenerational equity. But as Jonathan Pincus and I demonstrated on these pages, the claim is analytically incoherent and empirically threadbare. Nor, even if there were such inequities, would that justify the abrupt abandonment of repeatedly affirmed undertakings.
Serious governments seek democratic consent for contentious measures they had previously assured voters they would not introduce. John Howard did so with the GST: having ruled it out, he reversed openly, took it to the 1998 election, and proceeded only on the mandate he won there.
Greatest tax take in commonwealth history
The reason the Albanese government has not followed suit is neither urgency nor necessity. It is fear: fear that despite the opposition’s parlous state, voters would punish a government that has spent freely, governed carelessly and is now poised to extract the greatest tax take in commonwealth history.
The budget’s own numbers make the reality plain. Even accepting Treasury’s assumptions, the budget measures will increase housing supply over the next decade by less than one-third of 1%, while housing demand is likely to rise more than 15 times as quickly. This is not serious economic reform. It is a revenue grab wrapped in the language of moral urgency.
Corroding public trust
The inevitable result of that gap between political rhetoric and political practice is to corrode public trust. Trust, after all, is not a natural disposition; it is a social achievement, slowly accumulated and quickly squandered.
The word itself reveals the point. The Old English treow
lies behind both truth
and trust
; since at least the 15th century, to trust
someone has meant to believe that when he says what he will do, he speaks truthfully. Governments can sustain trust only by being truthful and trustworthy — and the institutional form through which those virtues manifest themselves is the promise.
A promise is what binds words to conduct, declarations to action, and electoral consent to subsequent government. Governments owe fidelity to their promises not merely for their own political advantage; they owe it because a healthy democratic life depends upon citizens being able to assume and assess fidelity to public commitments.
Governments need to mean what they say
The credibility of promises is also more broadly crucial to the viability of a free society, whose very essence is that people must order their lives amid continual uncertainty. Promises, including the promise that laws will not be changed capriciously, are what give individuals, families and businesses stable ground on which to plan. As Hannah Arendt wisely observed, they build islands of predictability
in the ocean of uncertainty
— islands that matter most to those with the fewest resources to absorb sudden policy shocks.
A young couple relying on an investment property to finance homeownership, a retiree dependent on hard-earned savings, a small business weighing expansion: all rely on governments meaning what they say.
But promises can only fulfil that stabilising role because they belong to the grammar of commitment: to the forms of obligation whose value lies in their relative insulation from changing convenience. A promise abandoned the moment it becomes burdensome is worth no more than the loyalty that melts away at the first sign of difficulty.
The preservation of credible public commitments is especially vital in Australia, where suspicion of the political process long predates contemporary disenchantment. Distrust of politicians was, as John Hirst emphasised, constitutive of the colonial polity itself. The men who entered politics were not thought fit to be trusted - and despite outstanding exceptions, many weren't.
Pioneering scholars of mass behaviour
The endless Australian debate over the accountability of parliamentarians reflected that suspicion. Both the Burkean trustee ∼ who is guided only by the light of his own judgment ∼ and the instructed delegate had their advocates. But it was the latter conception, entrenched by the emerging Labor Party, that ultimately prevailed. Labor parliamentarians were to be mere instruments: controlled by the ALP’s extra-parliamentary wing, bound by a pledge to uphold the platform and required to submit to caucus discipline on pain of political excommunication.
The Australian mass party thus emerged, from the beginning, as an institutional response to distrust: a mechanism designed less to cultivate confidence in politicians than to contain the risks they posed once elected. And Australian voters learned to scrutinise the distance between promise and performance with an intensity rare in comparable democracies. When that gap widened too far, confidence collapsed.
It is against this background that the events of the past three years must be seen. The Albanese government’s record on the central tax promises of two successive elections ∼ stage three, superannuation, and now negative gearing and the capital gains tax discount ∼ does not just constitute a litany of broken commitments; it constitutes the accelerated dismantling of an already tarnished public asset.
The predictable effect is an even more accelerated crisis of political representation. The four-decade arc from 1975’s 4% third-party vote to 2025’s 34% highlights its seemingly inexorable progression.
Withdrawing faithfulness
Those voters who have spurned the major parties are not ideological partisans of any third force; they are observant citizens who, having grasped what the parties no longer deliver, exercise the only sanction the system leaves them. Unable to meaningfully demand or expect faithfulness to a program from parties whose programs have ceased to bind, they withdraw their own faithfulness from those parties altogether.
The alternatives may not be especially attractive nor particularly unifying — but negative coalitions, aimed at punishing a detested foe, form more easily than positive ones precisely because they require only shared aversion rather than common aspiration. In these conditions, anti-system parties flourish, their capacity to aggregate voters a symptom not of democratic renewal but of democratic exhaustion.
To make things worse, governments confronted by a perpetually seething electorate are naturally tempted to govern through stealth and administrative manoeuvre, further impairing the trust whose disappearance produced the crisis of representation in the first place. And when a real, rather than confected, emergency arrives, they discover they can no longer summon the loyalties and willingness to sacrifice on which the survival of free societies ultimately depends.
Public language becomes tactical
No society can govern itself for long on the assumption that public language is merely tactical. Governments that repeatedly break faith with the electorate may secure temporary advantages. But they do so by undermining the confidence that policies announced today will survive long enough to shape behaviour tomorrow. As that confidence erodes, both the effectiveness of public policy and force of democratic authority unravel.
That is the deeper significance of the Albanese government’s conduct. It is not merely bad policy. It is the depletion of a civic inheritance that free societies squander far more easily than they rebuild. Yes, promises can be cracked like pie crusts. But in the end, public trust cracks with them. Lenin, sheltered by brutal authoritarianism, never had to learn that lesson. With the fabric of our democracy rapidly fraying, it is high time Anthony Albanese did.
No
guilded
lillies
here!
Scott Pape in Daily Telegraph
A
fter reading this column, my editor said: I'm confident this piece will generate the greatest amount of hate mail you've ever received.
Let's see if they're right
Do you know what the easiest thing I could have done this week was? Exactly what every other financial commentator has done: Lean into the outrage about the budget.
Instead, I'm going the other way. And I'm probably going to piss a lot of you off. Starting with Brian, who wrote to me after what I can only imagine was a solid session on the La-Z-Boy with a few reds:
Labor's tax grab? |
Scott, I am just so sick of these incompetent bastards. This budget is just another giant Labor tax grab. People in the top 10% of income earners pay more than half the taxes. Half! Now Albo wants to be a 47% silent partner in every small business in the country. Why would anyone bother? Young people saving for a deposit in index funds? Taxed.
Family trusts helping kids through university? Taxed. Small business owners who've spent decades building something? Taxed at rates that would make your eyes water.
New Zealand has no capital gains tax. Dubai has no capital gains tax. And our smartest young people are figuring that out real fast. You've got the platform, Scott. Let your followers know what’s really going on.
Bingo-bango, Brian! You've sure got a lot of very big feelings. Thankfully, I'm a father of four. I deal with big feelings before breakfast.
Let’s get into it.
Brian and I have a lot in common. I'm a high income earner and I pay a lot of tax. I come from a family of small business owners and I run one myself. And I bristle when I see politicians crowing about their economic credentials. The fact is, this is the highest-taxing Australian government since World War Two, and that spending is putting pressure on interest rates that every mortgage holder feels.
Yet what really worries me isn't the tax take. It’s that our outrage meter seems to be stuck at 11.
It feels like we're drifting towards America, where everything is viewed through a political lens and everyone is absolutely furious all the time.
Barefoot has given a scathing budget reality check.
And if we get angry enough we might just end up with Pauline as our PM, and the greatest economic insight she’s ever had was asking Why can't we just print more money?
(Seriously, look it up.)
Anyway, let’s deal with Brian’s three beefs. Plenty of young people have written to me in a panic about the changes to capital gains tax. Many were planning to use their share portfolio as a house deposit.
CGT not biggest problem |
My view? The CGT change is not their biggest problem. Let’s say a young investor puts $50k into an Aussie index fund. Based on historical returns, it grows to around $72k over five years. Under the new CGT rules, they'd pay roughly $900 more tax when they sell. And depending on future returns and inflation, they might actually come out ahead.
The real problem is the share market dropping 40% and their $72,000 deposit becoming $43,000. Then it takes a decade to recover, while rents keep rising and they're still at their parents' place eating their Cheerios. That’s why my rule has never changed: do not save for a house deposit in the share market.
Business partner! |
Brian’s 47 per cent silent partner
line was funny on social media the first 700 times. Now it’s just annoying. And it’s wrong. The small business CGT concession regime allows the vast majority of small business owners to halve or completely eliminate the capital gains tax they pay when they sell. It’s been there for years (though the thresholds need to be increased.)
The real risk is using the tax rate as a reason not to back yourself. Building something from nothing, employing people, serving your community. It’s a hard life. It’s also one of the most rewarding things a person can do. Don't let a meme talk you out of it.
The family trust |
Okay, so this one stings. You see, my kids have been nothing but a spectacular financial loss since the day they arrived. I was counting down the days until they turned 18, when I could finally start distributing trust income to them and claw something back. And then the bloody government snapped that door shut just as my eldest was getting close to useful.
Yet it actually makes sense. The system lets wealthy families with good accountants pay less tax than nurses and tradies. That doesn't pass the pub test.
Finally, if you spend enough time on social media (or listen to Brian) you may start to think that Australia is the highest-taxed nation on earth. Actually, we're in the middle of the pack, but with a standard of living in the top handful of countries on the planet. The cops don't shake us down (mostly). Our kids go to decent public schools (mostly). And if one of them gets sick, you don't need a GoFundMe page.
We'll be fine. After all, we're the wealthiest people in the country. Living in one of the wealthiest countries in the world. At the richest time in human history. Life is good, Brian, especially when you log off. Tread Your Own Path!
Financially abusing my brother |
Hi Scott: My brother just divorced his nasty wife. She had access to all his accounts, blew through a $180,000 inheritance, ran up $25,000 on his credit card, and towards the end wouldn't even let him touch his own debit card. He’s now living with me. He’s on a disability pension and can't work. I manage his accounts, have set-up his savings, and have tried to teach him the basics. He says it’s too hard. My sister accuses me of making it worse. Am I doing more harm than good?
Hello Caring Sister, your brother is lucky to have you.Your sister doesn't sound nice, but she does have a point. (How’s that for having it both ways?)
Now, before you throw me across the room, I know your intentions are completely different from his nasty ex-wife’s. You love your brother. She didn't. But, from where he’s standing, someone else is still controlling his money, his savings, and his decisions.
Now your bro doesn't need to become the next Warren Buffett. He just needs to learn to stand on his own two feet again, but that won't happen while you're transferring his surplus savings for him.
Think about how this plays out long term. Your brother grows increasingly dependent on you. You grow increasingly resentful and neither of you need that.
My advice? Keep helping him with the basics. Set him up with one simple account, show him how to use his card, and then step back. Let him make small mistakes with small money. That’s how people learn. And then, when the settlement comes, he'll be ready to move out and start his new life. That’s good for him, and great for you.
No Show Albo |
Scott: As a man who lost the family home because of my gambling addiction (a shame I live with every day), and as a father whose teenage son 'plays' fantasy football and gets emails and ads from sports gambling companies, I was bitterly disappointed that the government tried to bury their inaction on gambling ads. Did you get a reply from the Prime Minister?
Hi Daniel: I wasn't expecting a reply, and old Albo didn't disappoint!
He’s the most powerful man in Australian politics. He had the backing from both sides of politics, and the people — nearly three-quarters of parents (myself included) reported being bothered by their kids being exposed to gambling ads.
He had the ability to stand up and say: We've got a huge gambling problem on our hands, and the beginning of that problem is that sport is a gateway to gambling: today for three in four kids it’s a normal part of sport. That’s crap. I'm the Prime Minister of this country and I've had enough. No more bloody ads.
But he didn't.
The lobbyists won, the kids lost — the odds never change.
People walk past a billboard with a picture of Iranian people, in Tehran, Iran. Photo: Majid Asgaripour/WANA (West Asia News Agency) via Reuters
Eric Schmitt, reporting from Washington writes in the The New York Times military officials said that the recent military strikes targeted missile sites near a major Iranian port that threatened U.S. ships and planes. American military forces conducted what U.S. Central Command said were "self-defense strikes" in southern Iran on Monday "to protect our troops from threats posed by Iranian forces." The targets included missile launch sites and Iranian boats trying to place mines, Capt. Tim Hawkins, a Central Command spokesman, said in a statement. "U.S. Central Command continues to defend our forces while using restraint during the ongoing cease-fire," said Captain Hawkins, who declined to say which ships came under fire, where they were located or precisely where the other U.S. strikes took place. A senior U.S. military official said Iranian surface-to-air missiles threatened some of the dozens of American warplanes and nearly two dozen Navy warships ∼ including two aircraft carriers and their escort vessels ∼ that are in or around the Gulf of Oman and Arabian Sea enforcing a blockade against vessels trying to enter or leave Iranian ports. The official added that the U.S. strikes hit near Bandar Abbas, a major port and Iranian navy base. American and Iranian forces have had other skirmishes since a cease-fire took effect about six weeks ago. But the strikes on Monday came as Iranian negotiators arrived in Qatar for talks on ending the war and they threatened to upend a fragile potential agreement that President Trump has said could reopen the Strait of Hormuz and relieve the greatest energy disruption in modern times. That Iranian missile batteries were reportedly zeroing in on U.S. Navy ships came as no surprise, despite repeated assertions from Mr. Trump, Defense Secretary Pete Hegseth and other military leaders that the 38-day American-Israeli military campaign had vastly degraded or destroyed much of Iran's combat power. U.S. intelligence agencies have told policymakers in confidential assessments from early this month that Iran has regained access to most of its missile sites, launchers and underground facilities. While the United States has sunk most of Iran's conventional navy, Iran's Islamic Revolutionary Guards Corps still retains hundreds of small speedboats that can be used to lay mines in the strait. Most alarming to some senior officials is evidence that Iran has restored operational access to 30 of the 33 missile sites it maintains along the Strait of Hormuz, which could threaten American warships and oil tankers transiting the narrow waterway. People briefed on the assessments said they show ∼ to varying degrees, depending on the level of damage incurred at the different sites ∼ that the Iranians can use mobile launchers that are inside the sites to move missiles to other locations. In some cases, Iran can launch missiles directly from launchpads that are part of the facilities.
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The tik-toks have it
At Milan Design Week, just following Watches and Wonders, Jaeger-LeCoultre staged The Perpetual Timekeeper, a sprawling two-floor exhibition dedicated not to wristwatches, but to Atmos clocks-the mysterious, glass-encased objects that have quietly occupied one of the most intriguing corners of the maison's history since 1928. ROBB Report.
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Powerhouse art work
British Indian artist, 57-year-old Bharti Kher, has been commissioned by Powerhouse Parramatta to create a large-scale public artwork for the forthcoming museum, which is slated to open later this year in Parramatta, Western Sydney. Titled Tree of Life, Kher's project is a seven-meter-tall, totem-like bronze sculpture of fourteen heads stacked atop one another, encapsulating themes of ancestral memory, interconnectedness, and community, reports artasiapacific.com
The Murrurundi Times is owned, compiled and written by Des Dugan. Email
