In a first for new foreign investment laws and to ‘protect the national interest and the integrity of our foreign investment framework’, Treasurer Jim Chalmers has taken Indian Ocean International Shipping and Service Company to the Federal Court.
Australians are bleeding from higher taxes constructed to pay for the lack of courage displayed by big-spending territory, state and federal leaders whose budgets are drowning in debt and deficit.
While Anthony Albanese, Richard Marles and Jim Chalmers are actively considering increasing spending, they will not bow to pressure from Trump to lift Australia’s defence spending to 3.5 per cent of GDP.
Anthony Albanese has left the door open for a last-minute dash to The Hague next week as he continues seeking his first face-to-face meeting with Donald Trump at the NATO leaders’ summit.
Jim Chalmers has talked up the need for an ‘evolution’ of the tax system and wants new ideas at the productivity roundtable but says he hasn’t changed his view on Labor’s super tax; Anthony Albanese may follow Donald Trump to next week’s NATO meeting.
Anthony Albanese has invoked concerns about China’s dominance of global critical minerals supply chains in his first speech at the G7 summit, warning that ‘critical minerals markets are concentrated and vulnerable to manipulation’.
The Prime Minister will face extreme pressure to ramp-up Australia’s defence spending after Donald Trump cancelled their long-awaited meeting.
Trump’s move to exit the G7 summit early and cancel his meeting with Anthony Albanese puts the PM in a politically awkward position that has already drawn criticism over when he’ll get to meet the President.
Anthony Albanese has been blindsided by the White House announcement and any meeting is now unlikely, amid signs the US may escalate its role in the Israel-Iran conflict. Earlier, President Trump and Sir Keir Starmer reaffirmed the importance of AUKUS.
The US President warned Iran to ‘make a deal’, as Anthony Albanese and other world leaders prepare for high-stakes meetings with him in Canada.
Original URL: https://www.theaustralian.com.au/author/geoff-chambers/page/2