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Anthony Albanese to announce new Labor ministry
Prime Minister Anthony Albanese will announce his new ministry shortly.
Watch the announcement here:
ASX 200 drops more than 1 per cent
By Colin Kruger
The ASX 200 dropped more than 1 per cent to 7211.1 after rising oil prices highlighted recession fears across the globe and sent the local share market to its worst monthly performance since January.
The ASX 200 dropped more than 1 per cent.Credit:Jim Rice
Every sector finished the day lower with tech, telco and banking stocks the worst performers.
The finance sector dropped 2 per cent with the Commonwealth Bank and ANZ both down more than 2 per cent.
Labor claims victory in Gilmore
By Pallavi Singhal
Labor is claiming victory in the NSW South Coast seat of Gilmore, with its candidate Fiona Phillips ahead by 222 votes in the extremely close race.
Labor has claimed victory in the seat of Gilmore after its candidate Fiona Phillips nudged ahead in the race against Liberal candidate Andrew Constance.
A win in Gilmore would give Labor 77 seats in the 151-seat chamber, one seat more than needed to form a majority government.
“NSW Labor has made the decision to call the seat of Gilmore to me,” Phillips told the ABC.
“We have seen again a strong trend towards me with the absentee vote, which is very unlikely, and I am just thrilled with the result.”
Labor secured the seat of Macnamara yesterday in another close race. The seat of Deakin has yet to be called.
The Australian Electoral Commission said it had finished conducting three-candidate-preferred counts for Gilmore and had identified Labor’s Phillips and Liberal candidate Andrew Constance as the final two candidates.
Phillips, who is the incumbent, currently has 50.1 per cent of the two-candidate-preferred vote.
About 88 per cent of the vote has been counted for the division.
Constance has been contacted for comment.
First cruise ship to leave Sydney since 2020 today
The first commercial cruise to return to Australia since cruise ships were banned in March 2020 to curb the spread of COVID-19 will set sail from Sydney this afternoon.
The ban on cruise ships expired on April 17 and was not renewed by the federal government. However, all passengers on cruises are now required to be double vaccinated and undergo stricter pre-arrival processes related to the virus.
P&O Pacific Explorer arrives in Sydney Harbour, the first cruise ship to arrive since the ban on cruising lifted.Credit:Katherine Scott
The 2020 ban was announced a week after the Ruby Princess docked in Sydney. After they had disembarked, more than 900 passengers and the ship’s crew tested positive for COVID-19, infecting dozens of other people.
The P&O Cruises Australia Pacific Explorer will sail from Sydney to Brisbane over four nights.
“We can’t wait to see happy guests back on board Pacific Explorer on our first guest cruise since cruising in Australia was given the green light to resume,” Marguerite Fitzgerald, president of Carnival and P&O Cruises’ Australian operations, said.
“It’s more than two years since we have delivered a commercial cruise but, on our recent three-night test sailing from Sydney, Pacific Explorer’s onboard team performed brilliantly.
“You would swear they had never been away and have been eager to welcome our guests onboard, who will be just as keen to see our crew again.”
There were about 34,000 new COVID-19 cases recorded nationally in the latest reporting period.
Inside the battle for the future of Australia’s biggest polluter
Australia’s biggest carbon emitter, energy company AGL, has walked back from controversial plans to split its business.
AGL’s plan to break up its retail and power generation operations into separate entities came under relentless pressure from tech billionaire Mike Cannon-Brookes and others.
They argued splitting the business would leave it in a poorer position to accelerate the closure of coal-fired power stations in Victoria and NSW.
AGL’s chief executive, chairman and two independent directors fell on their swords on Monday. The remaining board members announced they would undertake a strategic review of the future of the company.
Today on our Please Explain podcast, business reporter Nick Toscano joins Bianca Hall to discuss the future of AGL and how the market could drive Australia’s transition to a clean-energy powerhouse.
Lawyers for inquiry say Star is not suitable to hold casino licence
By Lucy Cormack
The Star Entertainment Group is not suitable to hold a casino licence, lawyers for a public inquiry say, arguing the embattled group is yet to deeply reflect on what went wrong.
Naomi Sharp, SC, began her closing submissions on Tuesday to the inquiry into Star’s Sydney casino licence, wrapping up more than seven weeks of hearings exposing governance and probity failures of the gaming giant.
The inquiry comes after revelations of money laundering, criminal infiltration and wide-scale fraud at the Pyrmont casino.Credit:Bloomberg
“We submit that the evidence in the public hearing establishes that The Star is not suitable to hold the casino license and that its close associate Star Entertainment is not suitable either,” she said.
The NSW Independent Liquor & Gaming Authority launched the review late last year to assess whether Star is fit to hold its licence, following revelations by The Sydney Morning Herald, The Age and 60 Minutes of money laundering, criminal infiltration and wide-scale fraud at the Pyrmont casino.
It has examined allegations that Star ignored the criminal links of its major “junket” high-roller tour partners and disregarded basic anti-money laundering procedures to avoid China’s strict capital flight and anti-gambling laws.
Sharp argued that the casino group was “only at the beginning of its journey about what has gone wrong” within its organisations.
The inquiry continues.
Guide Dogs Victoria chief resigns amid investigation into Frydenberg endorsement
By Rachael Dexter
The CEO of Guide Dogs Victoria has formally resigned after an investigation was launched into her appearance on Liberal Party election pamphlets during the federal election campaign.
Karen Hayes was stood down last month pending an investigation after she appeared on election campaign material endorsing former treasurer Josh Frydenberg in the inner-Melbourne seat of Kooyong.
Karen Hayes appeared on Liberal Party pamphlets endorsing Josh Frydenberg.
The pamphlet featured Hayes holding a puppy with the headline, “Why I am supporting Josh Frydenberg”, and named the charity.
Under Australian law, charities risk losing registration for promoting a political candidate.
On Tuesday, the Guide Dogs Victoria board announced that Hayes – who had headed the organisation for a decade – had resigned amid the investigation, which is still ongoing.
Acting CEO Iain Edwards said Guide Dogs Victoria was, “absolutely committed to its important work as a charitable apolitical organisation in line with the Australian Charities and not-for-profits Commission (ACNC) regulations”.
Sixth Legionnaires’ disease case in Sydney CBD
By Mary Ward
A sixth person has been diagnosed with Legionnaires’ disease after spending time in Sydney CBD, as health and council authorities continue to test water cooling towers in the area.
Owners of six towers have been directed to immediately undertake measures to “rectify identified defects”, a NSW Health spokesperson said, with the results of tests from these towers expected later this week to determine if any were the source of the infection.
A sixth person has been diagnosed with Legionnaires’ disease after spending time in Sydney CBD, as health and council authorities continue to test water cooling towers in the area.Credit:Louie Douvis
The cases, aged from their 40s to 70s, had all independently spent time at locations between Elizabeth Street, Clarence Street, Park Street and Martin Place. Five of the cases were identified late last week.
It remains possible the cases are unrelated, the spokesperson said.
Legionnaires’ disease is caused by contaminated water particles. It has been known to spread through air conditioning in large buildings if particles from a contaminated cooling system are emitted into the air and inhaled.
NSW Health environmental health officers are working with the City of Sydney to inspect and sample 124 high priority cooling towers in the area.
The major headlines so far
By Pallavi Singhal
Good afternoon, and thanks for joining us for our live coverage. I’m Pallavi Singhal, and I’m taking over from Broede Carmody for the rest of the day.
In case you missed them, here are the major headlines from the day:
- Labor has secured the seat of Macnamara, giving it a majority government, and is also hopeful of winning Gilmore, one of two seats that remain too close to call. Labor’s Fiona Phillips is currently ahead by 130 votes in Gilmore, where about 13 per cent of the vote has yet to be counted. In Deakin, the other seat still in play, Liberal candidate Michael Sukkar is leading by about 600 votes.
Labor MP Josh Burns has been re-elected after a close contest in Macnamara.Credit:Alex Ellinghausen
- Prime Minister Anthony Albanese has told the Labor caucus he is seeking to have an even bigger majority after the next election, saying: “The way that you really change the country ... is to entrench reforms. And to do that you need a long-term Labor government.”
Prime Minister Anthony Albanese says his government will ‘entrench reforms’.Credit:Getty
- Former prime minister Scott Morrison will reassess his political future in the next six to 12 months, new Liberal leader Peter Dutton says. A decision to leave politics would trigger a byelection in Morrison’s Sydney seat of Cook.
- Dutton also said today that he would focus on what he has nominated as the top three issues for suburban voters: the cost of living, housing affordability and transport infrastructure.
Liberals blast Morrison, Hawke over preselection debacle
By Michael Koziol
Senior Liberals will push to reduce the power of the party leader among a series of major changes to the way candidates are chosen in NSW, saying the preselection debacle under Scott Morrison must never happen again.
But in his first substantive comments since the election loss, Morrison’s close ally Alex Hawke hit back, rejecting claims he deliberately frustrated the selection process and saying the party’s biggest problem was the perception it failed to respect women and take their complaints seriously.
Scott Morrison and NSW ally Alex Hawke.Credit: Renee Nowytarger
There is widespread anger in the party over the failure to allow members to choose candidates for many seats, as well as Morrison’s captain’s pick of Katherine Deves in Warringah. Several Liberals believe her comments about transgender people contributed to the party’s losses.
In an email to party members on Tuesday, NSW Liberal senator Andrew Bragg and women’s council delegate Jane Buncle proposed several changes to the party’s constitution to prevent a repeat of the stalemate over candidate selection.
“Your rights as members of our great party were taken away before the election,” Bragg and Buncle wrote. “The Liberal Party is Australia’s most successful grassroots movement. It is not a dictatorship and we will not be successful without the engagement of you, our members.”
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2022-05-31 07:37:09Z
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