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Election results 2019: Scott Morrison to take majority government with Chisholm, as Labor leadership race continues

Scott Morrison appears to have just clinched a majority government with the Victorian marginal seat of Chisholm, as Labor's Anthony Albanese revealed why he believes he can beat the Prime Minister at the next election.  

Coalition tax cuts likely to experience delay

Scott Morrison appears to have just clinched a majority government with the Victorian marginal seat of Chisholm, as Labor's Anthony Albanese revealed why he believes he can beat the Prime Minister at the next election. 

 

It comes as GetUp! has admitted today that climate change did not damage the government the way they were hoping for.

“We have seen reflected in the polls that the majority of Australians want to see the transition to renewables but that’s not, in this case, been reflected inside the polling booth. So we need to reflect there,” Mr Oosting told ABC Melbourne radio.

Mr Morrison is doing what he can to  deliver his election promise of an a $1080 tax cut, after he revealed it could be delayed by a year. He told Sky News last night he was waiting for the election writs to be returned to federal parliament.

“We obviously have to wait for the writs to be returned and there is a formal process for that,” Mr Morrison said last night.

“At the moment, it is not looking like until the back end of June so that really does make very narrow that opportunity to do it before June 30, and I think that is very unlikely with the advice I have received.”

The government also needs to quickly pass laws approving other extra spending in the budget, and has promised to create 1.25 million new jobs over five years.

Updates

How to save cash as rate cut looms

Zoe Smith

The Reserve Bank of Australia has added to expectations of a looming cut in interest rates.

In today’s release of minutes from its latest board meeting, where it left the official interest rate on hold at 1.5 per cent, the RBA says “a decrease in the cash rate would likely be appropriate” if inflation stays low and unemployment rises.

The jobless rate has been increasing slightly, inflation is low, and RBA governor Philip Lowe told a business lunch today that a rate cut would be considered at its next meeting in two weeks.

“A lower cash rate would support employment growth and bring forward the time when inflation is consistent with the target,” Dr Lowe said.

Click here to read more and find out you can maximise your savings from the looming rate cuts.

– Anthony Keane

The ABC responds to the raids

Billy Freeman

Mr Albanese said he and Chris Bowen, who are running for the Labor leadership, are not that far apart when it comes to their ideas.

"I wouldn't expect that there would be a massive chasm between my ideological position and Chris Bowen's. Because I don't think there is and I don't think we should try to create false distinctions where they're not there," he said.

Picture: Getty

What the city looks like at lunchtime

Billy Freeman

Mr Albanese also emphasised he was running for the Labor leadership because he firmly believed Australia needed a Labor government.

But he said: "I'm not running to lead a faction."

"When you change the Government, you change the nation."

He then went on to argue he has the "capacity to hold the government to account".

Picture: Getty

Billy Freeman

At a press conference in Sydney today, Anthony Albanese said he would not speak out against former Labor leader Bill Shorten.

"I have said before and I will say it again so you can have it on rotation if you like, there will be no criticism of Bill Shorten from me," he said.

He said the party needs to be more focused on economic growth rather than just wealth distribution.

He also said he will be focued on "nation building infrastructure" as a key building driver of economic growth.

Picture: Getty

"I'm very passionate about it. I have particular projects. I was looking forward this term to once again take up where I left off," he said.

"I had discussions with people about the high-speed rail project, for example. And advancing that agenda which I believe is so important for Australia's future, particularly the heavily populated area down our East Coast. I also, in terms of my own experience with bringing to our political activity that life experience, I have a background where I grew up not too far from here in public housing. I'm a product of a single mum."

Mitchell v Chambers: Who will come out on top?

David Campbell

Treasurer Josh Frydenberg is fronting reporters and spruiking the Liberal Party's economic plan.

"It is very clear that the Australian economy is facing some economic headwinds. Economic headwinds, globally, as trade tensions rise between China and the United States," Mr Frydenberg said.

"China is our number one trading partner. The United Nations is our number one investment partner. Domestically, we are seeing the impacts of flood and drought as well as a slowdown in the housing market and the implications that that has.

Picture: Gary Ramage

"But the fundamentals of the Australian economy are sound. And, it underlines the importance of our budget, released and delivered just a matter of weeks ago, with its emphasis on not only paying down Labor's debt but providing tax relief to millions of Australians, to backing small business with an extension of the instant asset write-off to $30,000 for companies with a turnover of up to $50 million and that has been legislated and the securitisation fund which has also been legislated.

"The creation of 80,000 new apprenticeships with the reforms we announced in the budget and our $100 billion infrastructure spending."

Frydenberg says Libs 'don't stand in the way' of renewable energy.

David Aidone

The treasurer has said "renewable energy is critical to our energy mix and will become more important over time".

"Let me make it very clear. It is not a choice for us between having strong emissions targets and strong policies and having a strong economy," he said

" They are not mutually exclusive if you do it right. The Labor party had recklessly high targets and they didn't explain to the Australian public how they would fund it and get to emissions targets. In contrast, we did.

"Our clear message is that more renewables are coming into the system but you need to smooth out that transition."

Speed the key to NSW success

David Campbell

Asked about reports today that suggested the Liberal Party's promised tax cuts would be delayed, the Treasurer said: "The reports in the paper today that there will be a delay of a year are wrong. That is wrong. Those media reports are long."

But he admitted the party still had to pass legislation.

Picture: Gary Ramage

Despite his claims of "bipartisan support", he went on to urge the Labor Party to support the changes.

"What I would also say to the Labor Party right now is get behind these tax cuts, this tax relief, that we have outlined in the budget because we heard they will support the tax off set but we haven't heard they'll support the abolition of the 37 cents in the dollar tax bracket and will not support our move to reduce the tax rate for those who earn between $45,000 and $200,000," he said.

Frydenberg: 'There will be no delay to tax cuts'

David Aidone

Asked about reports today that suggested the Liberal Party's promised tax cuts would be delayed, the Treasurer said: "The reports in the paper today that there will be a delay of a year are wrong. That is wrong. Those media reports are long."

But he admitted the party still had to pass legislation.

Picture: Gary Ramage

Despite his claims of "bipartisan support", he went on to urge the Labor Party to support the changes.

"What I would also say to the Labor Party right now is get behind these tax cuts, this tax relief, that we have outlined in the budget because we heard they will support the tax off set but we haven't heard they'll support the abolition of the 37 cents in the dollar tax bracket and will not support our move to reduce the tax rate for those who earn between $45,000 and $200,000," he said.

Frydenberg trumpets Liberals' economic plan

David Aidone

Treasurer Josh Frydenberg is fronting reporters and spruiking the Liberal Party's economic plan.

"It is very clear that the Australian economy is facing some economic headwinds. Economic headwinds, globally, as trade tensions rise between China and the United States," Mr Frydenberg said.

"China is our number one trading partner. The United Nations is our number one investment partner. Domestically, we are seeing the impacts of flood and drought as well as a slowdown in the housing market and the implications that that has.

Picture: Gary Ramage

"But the fundamentals of the Australian economy are sound. And, it underlines the importance of our budget, released and delivered just a matter of weeks ago, with its emphasis on not only paying down Labor's debt but providing tax relief to millions of Australians, to backing small business with an extension of the instant asset write-off to $30,000 for companies with a turnover of up to $50 million and that has been legislated and the securitisation fund which has also been legislated.

"The creation of 80,000 new apprenticeships with the reforms we announced in the budget and our $100 billion infrastructure spending."

Albanese's parting words

David Aidone

Mr Albanese concludes his pitch with: "Our people have great talent… and I have great faith our caucus can take the party into government at the next election."

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Original URL: https://www.dailytelegraph.com.au/news/national/federal-election/federal-election-results-pms-new-economic-plan-as-labor-leadership-race-continues/live-coverage/1639d7e1f9527d6a6b7a0f2d612036af