logo
‘High price': Grim warning after AUKUS move

‘High price': Grim warning after AUKUS move

Perth Now13-06-2025

Australia will have 'a very high price to pay if AUKUS fails', opposition defence spokesman Angus Taylor says.
The warning came after the US Department of Defence launched a review of the pact to ensure it aligned with Donald Trump's 'America First' agenda.
The Albanese government has brushed off concerns the move signals waning US support for the alliance with Canberra, with Deputy Prime Minister Richard Marles saying it was 'natural that the (Trump) administration would want to examine this major undertaking'.
But with AUKUS the centrepiece of Australia's defence strategy over the first half of this century, it has offered little reassurance. Opposition defence spokesman Angus Taylor says Australia will have 'a very high price to pay if AUKUS fails'. NewsWire / Martin Ollman Credit: News Corp Australia
'This is an incredibly important alliance,' Mr Taylor said on Friday.
'It's an incredibly important capability, both in terms of the submarine capability and the technology capability … and this must be a top priority of the government.'
He said the Albanese government had 'many questions to answer'.
'What discussions has Richard Marles already had? To what extent is our lack of defence spending a driver of this review? When will the Prime Minister meet with the President to actually discuss this face-to-face?' he queried.
'These are questions we need answers to, and they're questions that go to the heart of making sure that AUKUS is a success and that we ensure that we have peace through deterrence in our region.'
NewsWire understands Anthony Albanese was set to meet the US President on the sidelines of the upcoming G7.
But US State Department sources said a time had not been set and the situation was 'fluid'.
More to come.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ACT budget on life support amid health funding woes
ACT budget on life support amid health funding woes

The Advertiser

time33 minutes ago

  • The Advertiser

ACT budget on life support amid health funding woes

The ACT budget has a health problem. When Treasurer Chris Steel, fresh in the job after Labor's seventh straight election win, provided a mid-year budget update in February, he was forced to make an embarrassing admission. The territory's budget deficit had blown out to $971 million, more than 50 per cent higher than predicted just seven months earlier. The government's anaemic revenue stream is falling behind what's needed to meet the growing demand for health services of its ageing population. Health spending accounted for less than 30 per cent of the ACT budget in the 90s, Mr Steel says. Now it accounts for 36 per cent. "All of us are facing this massive fiscal challenge from the growth in demand and cost on our hospital systems," the treasurer tells AAP. "That is something that we want to address with the Commonwealth sitting down and getting underway with negotiations on a new five-year National Health Reform Agreement." The agreement lays out how much funding the federal government doles out to states and territories to run their hospital systems. The current agreement runs out on June 30 and the Commonwealth has only guaranteed funding for one more year in a stop-gap deal for 2025/26. While the interim agreement gives the ACT a 16 per cent funding increase from the current financial year, Mr Steel says it's not enough. "The extent of demand and cost in the healthcare system is not being acknowledged by the Commonwealth," he says. Current funding arrangements would result in the federal government contributing to 33 per cent of ACT hospital funding, when the Albanese government has promised to raise their contribution to 45 per cent by 2035. A spokesperson for the federal Department of Health said the Commonwealth was working on finalising negotiations by the end of 2025. Mr Steel stresses the situation is changing for the better under the Albanese government, instead pinning the blame on the previous coalition government for a "decade of underinvestment" in Medicare and general practice. Tuesday's ACT budget will include measures to boost frontline services too, such as payroll tax changes that incentivise bulk billing, intended to take pressure off hospitals. In exchange for a better funding deal, the territory government could help its federal counterpart control the spiralling cost of the NDIS by providing more foundational supports for young males, who are signing up to the scheme at a rate of more than one in 10. "But we also need the Commonwealth to recognise that beyond the NDIS pressures, the major pressure that governments face in this country is about pressure on our acute hospital systems, and that is something that has to be addressed," Mr Steel says. The ACT budget has a health problem. When Treasurer Chris Steel, fresh in the job after Labor's seventh straight election win, provided a mid-year budget update in February, he was forced to make an embarrassing admission. The territory's budget deficit had blown out to $971 million, more than 50 per cent higher than predicted just seven months earlier. The government's anaemic revenue stream is falling behind what's needed to meet the growing demand for health services of its ageing population. Health spending accounted for less than 30 per cent of the ACT budget in the 90s, Mr Steel says. Now it accounts for 36 per cent. "All of us are facing this massive fiscal challenge from the growth in demand and cost on our hospital systems," the treasurer tells AAP. "That is something that we want to address with the Commonwealth sitting down and getting underway with negotiations on a new five-year National Health Reform Agreement." The agreement lays out how much funding the federal government doles out to states and territories to run their hospital systems. The current agreement runs out on June 30 and the Commonwealth has only guaranteed funding for one more year in a stop-gap deal for 2025/26. While the interim agreement gives the ACT a 16 per cent funding increase from the current financial year, Mr Steel says it's not enough. "The extent of demand and cost in the healthcare system is not being acknowledged by the Commonwealth," he says. Current funding arrangements would result in the federal government contributing to 33 per cent of ACT hospital funding, when the Albanese government has promised to raise their contribution to 45 per cent by 2035. A spokesperson for the federal Department of Health said the Commonwealth was working on finalising negotiations by the end of 2025. Mr Steel stresses the situation is changing for the better under the Albanese government, instead pinning the blame on the previous coalition government for a "decade of underinvestment" in Medicare and general practice. Tuesday's ACT budget will include measures to boost frontline services too, such as payroll tax changes that incentivise bulk billing, intended to take pressure off hospitals. In exchange for a better funding deal, the territory government could help its federal counterpart control the spiralling cost of the NDIS by providing more foundational supports for young males, who are signing up to the scheme at a rate of more than one in 10. "But we also need the Commonwealth to recognise that beyond the NDIS pressures, the major pressure that governments face in this country is about pressure on our acute hospital systems, and that is something that has to be addressed," Mr Steel says. The ACT budget has a health problem. When Treasurer Chris Steel, fresh in the job after Labor's seventh straight election win, provided a mid-year budget update in February, he was forced to make an embarrassing admission. The territory's budget deficit had blown out to $971 million, more than 50 per cent higher than predicted just seven months earlier. The government's anaemic revenue stream is falling behind what's needed to meet the growing demand for health services of its ageing population. Health spending accounted for less than 30 per cent of the ACT budget in the 90s, Mr Steel says. Now it accounts for 36 per cent. "All of us are facing this massive fiscal challenge from the growth in demand and cost on our hospital systems," the treasurer tells AAP. "That is something that we want to address with the Commonwealth sitting down and getting underway with negotiations on a new five-year National Health Reform Agreement." The agreement lays out how much funding the federal government doles out to states and territories to run their hospital systems. The current agreement runs out on June 30 and the Commonwealth has only guaranteed funding for one more year in a stop-gap deal for 2025/26. While the interim agreement gives the ACT a 16 per cent funding increase from the current financial year, Mr Steel says it's not enough. "The extent of demand and cost in the healthcare system is not being acknowledged by the Commonwealth," he says. Current funding arrangements would result in the federal government contributing to 33 per cent of ACT hospital funding, when the Albanese government has promised to raise their contribution to 45 per cent by 2035. A spokesperson for the federal Department of Health said the Commonwealth was working on finalising negotiations by the end of 2025. Mr Steel stresses the situation is changing for the better under the Albanese government, instead pinning the blame on the previous coalition government for a "decade of underinvestment" in Medicare and general practice. Tuesday's ACT budget will include measures to boost frontline services too, such as payroll tax changes that incentivise bulk billing, intended to take pressure off hospitals. In exchange for a better funding deal, the territory government could help its federal counterpart control the spiralling cost of the NDIS by providing more foundational supports for young males, who are signing up to the scheme at a rate of more than one in 10. "But we also need the Commonwealth to recognise that beyond the NDIS pressures, the major pressure that governments face in this country is about pressure on our acute hospital systems, and that is something that has to be addressed," Mr Steel says. The ACT budget has a health problem. When Treasurer Chris Steel, fresh in the job after Labor's seventh straight election win, provided a mid-year budget update in February, he was forced to make an embarrassing admission. The territory's budget deficit had blown out to $971 million, more than 50 per cent higher than predicted just seven months earlier. The government's anaemic revenue stream is falling behind what's needed to meet the growing demand for health services of its ageing population. Health spending accounted for less than 30 per cent of the ACT budget in the 90s, Mr Steel says. Now it accounts for 36 per cent. "All of us are facing this massive fiscal challenge from the growth in demand and cost on our hospital systems," the treasurer tells AAP. "That is something that we want to address with the Commonwealth sitting down and getting underway with negotiations on a new five-year National Health Reform Agreement." The agreement lays out how much funding the federal government doles out to states and territories to run their hospital systems. The current agreement runs out on June 30 and the Commonwealth has only guaranteed funding for one more year in a stop-gap deal for 2025/26. While the interim agreement gives the ACT a 16 per cent funding increase from the current financial year, Mr Steel says it's not enough. "The extent of demand and cost in the healthcare system is not being acknowledged by the Commonwealth," he says. Current funding arrangements would result in the federal government contributing to 33 per cent of ACT hospital funding, when the Albanese government has promised to raise their contribution to 45 per cent by 2035. A spokesperson for the federal Department of Health said the Commonwealth was working on finalising negotiations by the end of 2025. Mr Steel stresses the situation is changing for the better under the Albanese government, instead pinning the blame on the previous coalition government for a "decade of underinvestment" in Medicare and general practice. Tuesday's ACT budget will include measures to boost frontline services too, such as payroll tax changes that incentivise bulk billing, intended to take pressure off hospitals. In exchange for a better funding deal, the territory government could help its federal counterpart control the spiralling cost of the NDIS by providing more foundational supports for young males, who are signing up to the scheme at a rate of more than one in 10. "But we also need the Commonwealth to recognise that beyond the NDIS pressures, the major pressure that governments face in this country is about pressure on our acute hospital systems, and that is something that has to be addressed," Mr Steel says.

ACT budget on life support amid health funding woes
ACT budget on life support amid health funding woes

Perth Now

timean hour ago

  • Perth Now

ACT budget on life support amid health funding woes

The ACT budget has a health problem. When Treasurer Chris Steel, fresh in the job after Labor's seventh straight election win, provided a mid-year budget update in February, he was forced to make an embarrassing admission. The territory's budget deficit had blown out to $971 million, more than 50 per cent higher than predicted just seven months earlier. The government's anaemic revenue stream is falling behind what's needed to meet the growing demand for health services of its ageing population. Health spending accounted for less than 30 per cent of the ACT budget in the 90s, Mr Steel says. Now it accounts for 36 per cent. "All of us are facing this massive fiscal challenge from the growth in demand and cost on our hospital systems," the treasurer tells AAP. "That is something that we want to address with the Commonwealth sitting down and getting underway with negotiations on a new five-year National Health Reform Agreement." The agreement lays out how much funding the federal government doles out to states and territories to run their hospital systems. The current agreement runs out on June 30 and the Commonwealth has only guaranteed funding for one more year in a stop-gap deal for 2025/26. While the interim agreement gives the ACT a 16 per cent funding increase from the current financial year, Mr Steel says it's not enough. "The extent of demand and cost in the healthcare system is not being acknowledged by the Commonwealth," he says. Current funding arrangements would result in the federal government contributing to 33 per cent of ACT hospital funding, when the Albanese government has promised to raise their contribution to 45 per cent by 2035. A spokesperson for the federal Department of Health said the Commonwealth was working on finalising negotiations by the end of 2025. Mr Steel stresses the situation is changing for the better under the Albanese government, instead pinning the blame on the previous coalition government for a "decade of underinvestment" in Medicare and general practice. Tuesday's ACT budget will include measures to boost frontline services too, such as payroll tax changes that incentivise bulk billing, intended to take pressure off hospitals. In exchange for a better funding deal, the territory government could help its federal counterpart control the spiralling cost of the NDIS by providing more foundational supports for young males, who are signing up to the scheme at a rate of more than one in 10. "But we also need the Commonwealth to recognise that beyond the NDIS pressures, the major pressure that governments face in this country is about pressure on our acute hospital systems, and that is something that has to be addressed," Mr Steel says.

State's move to fast-track major projects
State's move to fast-track major projects

Perth Now

time4 hours ago

  • Perth Now

State's move to fast-track major projects

The NSW government is launching a new authority to fast-track major projects and an $80m funding package, as the state gears up for a new wave of investment and innovation. The government will invest $17.7m to establish the Investment Delivery Authority - modelled on the Housing Delivery Authority - to accelerate approvals for major projects and attract investment across sectors such as technology and energy. Businesses have raised concerns about lengthy and complex approval processes, which the government says has hampered productivity and discouraged investment. The new authority is expected to assist around 30 large-scale projects annually and help unlock up to $50bn in investment each year. Premier Chris Minns said major projects from the private sector are 'getting bogged down in red tape' which he said, makes it harder to do business in NSW. Photo: NewsWire/ Gaye Gerard Credit: News Corp Australia Premier Chris Minns said major projects from the private sector were 'getting bogged down in red tape', making it harder to do business in NSW. 'Our state is open for business and this change will encourage more people to bring their best ideas to life in NSW, all backed by our government,' Mr Minns said. Treasurer Daniel Mookhey said the authority would streamline processes and clear bottlenecks. 'We have listened to what we are being told, loud and clear: everything in NSW is awesome, except for how long it takes to get major projects done,' Mr Mookhey said. 'We are creating a way to address the blockages, speed up the process and ensure NSW is properly open for business.' The Investment Delivery Authority will accept expressions of interest from domestic and international investment projects valued at more than $1bn. It will be supported by an investment taskforce within Investment NSW under the premier's department. Its leadership team will include senior public servants from the premier's department, treasury, planning, housing and infrastructure, and Infrastructure NSW. Planning Minister Paul Scully said the reforms were a key step toward lifting productivity. Photo: NewsWire/ Gaye Gerard Credit: News Corp Australia The authority will make recommendations to the treasurer, the planning minister and the minister for industry and trade. Planning Minister Paul Scully said the reforms were a key step toward lifting productivity. 'The Investment Delivery Authority, supported by the Investment Taskforce, will identify and clear barriers that businesses may face, while advising on reforms that promote investment, competition and productivity in NSW,' Mr Scully said. In tandem with the new authority, the government is investing nearly $80m in a wide-ranging innovation funding package to support startups, scale-ups and emerging technologies under the newly launched Innovation Blueprint. 'NSW is not just open for business, it's serious about being a global leader in innovation, industry, and investment,' Mr Minns said. The new authority is expected to assist around 30 large-scale projects annually and help unlock up to $50 billion in investment each year. NewsWire / John Appleyard Credit: News Corp Australia The largest slice of the funding is $38.5m to support Tech Central, followed by $20m for commercialising emerging technologies, particularly in housing and energy. The remaining funding has been split across several areas, including $6m to help manufacturers adopt innovative technologies and $4m each for housing construction innovation and supporting female and regional tech founders. Treasurer Daniel Mookhey said the authority would streamline processes and clear bottlenecks. NewsWire / Monique Harmer Credit: News Corp Australia Industry and Trade Minister Anoulack Chanthivong said the investment would help nurture the next generation of tech giants. 'With this nearly $80 million of funding, we will ensure we nurture, grow, and support the next Afterpay, Atlassian, and Canva from the early stages through to the most vulnerable periods of a startup's life cycle,' Mr Chanthivong said. Kate Pounder, former Tech Council of Australia Chair, welcomed the commitment to diversity and regional inclusion. 'This significant investment in innovation will cement NSW as a world leader in the tech sector,' Ms Pounder said. 'Most hearteningly, this money will also go where it is needed most, to female founders, and those from diverse cultures and backgrounds, as well as our budding tech giants living and working in Western Sydney and regional NSW.' Business NSW CEO Daniel Hunter described the changes as 'game-changing'. 'With a clear plan to streamline approvals and coordinate government agencies, the new Investment Delivery Authority is exactly what NSW needs to turn ambition into action,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store