Prime Minister Anthony Albanese has today become Australia’s 22nd longest-serving prime minister, overtaking Harold Holt’s term of 1 year, 10 months and 23 days.
Harold Holt was prime minister in 1966-1967. He disappeared on December 17, 1967 at Cheviot Beach, Portsea, whilst swimming. His body was never found.
Albanese became the 31st prime minister on May 23, 2022, following the ALP’s victory in the election of May 21.
On May 20, 2024, Albanese will overtake Tony Abbott’s term of 1 year, 11 months and 28 days.
Justice Michael Lee of the Federal Court has found that on the balance of probabilities Bruce Lehrmann raped Brittany Higgins.
In so finding, Lee found in favour of Network 10 and its truth defence. Lehrmann’s defamation claim has been rejected. Lee said: “Mr Lehrmann is not entitled to the vindication of his reputation. The respondents, however, are entitled to vindication by the entry of judgment on the statement of claim.”
The Prime Minister, Anthony Albanese, has issued a statement on Iran’s attack on Israel.
The statement was supported by the Acting Foreign Minister, Senator Katy Gallagher.
Generative AI has created a gold rush today, but that rush has not yet grown into either a productivity boom or a financial bubble. There are good reasons to think this rush could become either one.Which one is just around the corner? Could it be both? In case you forgot, we did live through a productivity bonanza that morphed into a financial bubble during the commercialization of the Internet. That alone makes it plausible to forecast that history will repeat itself a quarter of a century later. You may also have more self-centered reasons to pay attention.
A knife attack at the Bondi Junction Westfield shopping centre in Sydney has resulted in the deaths of seven people, including the killer.
The dead include four women and one male who died at the shopping centre. The mother of a nine-month old baby subsequently died in hospital. The baby was also stabbed in the attack.
The killer, a lone 40-year-old male, known to police, was shot dead by a NSW Police Inspector who was the first police officer to arrive on the scene.
This page shows the heads of government and opposition leaders in Australia from April 10, 2024.
There are nine parliaments in Australia. There is one Federal Parliament in Canberra, six State Parliaments (New South Wales, Victoria, Queensland, South Australia, Western Australia & Tasmania) and two Territory Parliaments (Northern Territory & Australian Capital Territory).
3 million workers could benefit from tax shift Prosper Australia today released new research highlighting the economic benefits of shifting taxes off income and onto land. Report highlights: Low and middle income earners face effective marginal tax rates (EMTRs) on extra income as high as 80%. High EMTRs are a disincentive to work. Reducing high […]
Large language models (LLMs) have overrun commercial markets, more like a tsunami than a normal technical wave of interest. The topic is everywhere –news stories, blogs, podcasts, startup investments, analyst reports, hackathons, and government announcements. A virtual frenzy surrounds it.
The Great Housing Hijack is the latest book by Dr Cameron Murray. Here at Prosper Australia we have been following Cameron’s work for quite some time. Some of our supporters will remember his entertaining Henry George Commemorative Address in 2018. The Great Housing Hijack is a compelling read and explains the history of land prices […]
Scott Morrison, the former Prime Minister (2018-22), has delivered his valedictory speech to the House of Representatives.
Morrison will resign as the Liberal member for Cook later this week.
First elected to parliament in 2007, Morrison was re-elected five more times. He served nearly six years in opposition before becoming a Cabinet minister upon election of the Abbott coalition government in 2013. Becoming prime minister on August 24, 2018, Morrison won the 2019 election, but was defeated at the election of May 21, 2022.
The Defence Minister, Richard Marles, has announced an upgrade and expansion of the Australian Navy to give it an “enhanced lethality surface combatant fleet”.
Flanked by the Pat Conroy, the Minister for Defence Industry, Marles announced an additional $11 billion over the next decade. The money will be used to expand the Navy’s fleet of warships to 26 vessels, an increase of 15 craft.
Commitments to the construction of naval vessels in South Australia and Western Australia were reiterated, with ship workers being promised work for deacdes.
The Reserve Bank of Australia today made no change to the cash rate, leaving it at 4.35%.
The 4.35% rate has been in force since November 2023.
The bank’s decision is its first in a restructured process. As part of the new processes, the Governor of the Reserve Bank, Michele Bullock, held a press conference an hour after the bank’s decision was announced.
Watch Michele Bullock’s press conference (45m)
The coalition will support the Albanese government’s tax cuts, the Opposition Leader, Peter Dutton, confirmed today.
Flanked by the Shadow Treasurer, Angus Taylor, and the Shadow Finance Minister, Senator Jane Hume, Dutton said “the coalition is not going to stand in the way of people who are doing it tough”.
With repeated references to “the liar in The Lodge” and the government’s “egregious lie”, Dutton said the coalition would take “a significant tax policy” to the next election.
Watch the Dutton-Taylor-Hume press conference (35m)
Tweaking individual policies will not deliver the change Australia needs: we must capture the consensus and commit to reforming our tax system away from earned and onto unearned income.
Greg Combet, a former minister in the Rudd-Gillard governments, has been appointed Chairman of the Future Fund.
Greg Combet, new Chairman of the Future Fund
The Treasurer, Jim Chalmers, made the announcement at a press conference today.