Bowen says energy bills are ‘higher than we would like’, but claims nuclear could fix things quickly are from a ‘fantasy world’
Bowen says energy bills are ‘higher than we would like’, but any claims nuclear could fix things quickly are from a ‘fantasy world’
Chris Bowen, the federal energy minister, is speaking at the National Press Club this afternoon in Canberra.
He said Australians are “right to be concerned” about high power prices, saying bills are “higher than we would like”. But, he said, the answer to that problem is working hard every day to get them down.
Chris Bowen speaking at the National Press Club in Canberra. Photograph: Mick Tsikas/AAP
Claims that a magic bullet like introducing nuclear power on an “unrealistic timeline”, Bowen said, won’t help. He said those pushing such ideas were living in a “fantasy world”. He went on:
If they want the next election to be a referendum on energy, that’s OK, too. Because our plan is ultimately, the only one on offer to the Australian people that can reduce bills. And their plan will make electricity more expensive.
Investors rushing to buy homes via superannuation before ban, mortgage broker says
Australians are racing to borrow to buy investment properties though their self-managed super funds before the government bans the practice next week.
Labor’s reforms to investor tax breaks became law in June with the Greens’ help, on the condition SMSF loans be banned from 10 August, as you can read here:
Loan Market, a mortgage brokers group, says it received hundreds more SMSF loan applications than normal in the month ahead of the ban.
Applications for SMSF property loans rose about 30% from July 2025 to June 2026, after the budget reforms made super one of the least-taxed ways of investing in property.
Applications then rose 326% in July 2026 to hit record volumes, after the ban was announced, Loan Market reported.
About 1.2 million Australians have self-run super funds, which are an alternative to industry super that typically incur high fees, and housing made up only about 6% of their combined wealth. The government estimated just 4,000 people took out SMSF investment loans each year but the Australian Finance Industry Association estimated more than 16,000 were written in 2025-26.
The rush suggests there is still demand for property investment despite a broader fall as prices slide. Lending to all housing investors rose 0.8% in June, or 10.4% annually, its highest rate since 2015, according to Reserve Bank data. Lending to owner-occupiers rose 0.5% in the month.
Leeser says it is “another disappointing round of national results” but “clearly, money is not the issue”.
I am calling on every Labor government in Australia to stop pretending that funding is the answer. We have much more fundamental problems – with curriculum, with discipline and with the way that we teach. We need a renewed focus on quality.
Since Labor changed the way we measured outcomes in 2023, funding has gone up significantly, but results have not. In fact, in most cases, kids are behind where they were years ago.
Last year, the Labor government reached a deal with every state and territory to fully fund public schools for the first time. The money will be rolled out over a decade to 2034. Currently, the ACT is the only jurisdiction in Australia where public schools receive the minimum benchmark of funding.
Experts say Naplan results point to ‘concerning’ advantage gaps
The CEO of the Smith Family, Doug Taylor, says Wednesday’s Naplan results have again highlighted a “significant and persistent” gap in achievement between students from low and high socioeconomic backgrounds.
The results showed three in 10 students from disadvantaged backgrounds needed additional support to reach minimum literacy and numeracy benchmarks – 10 times higher than their peers from high socioeconomic backgrounds.
Taylor:
A test can reveal whether a student can decipher the theme of a poem or solve an algebra equation. But it doesn’t show the very real challenges holding many children and young people back from making the most of the educational opportunities … Early intervention is key. That’s how we close the achievement gap between students from low and high SES backgrounds.
Tanya Serry, a professor at La Trobe’s school of education, says the “persistent gap between our highest and lowest performing students is of concern”.
Students from more advantaged areas, and those who live in urban areas of Australia, are much more likely to be meeting proficiency levels. This is a concerning social equity issue.
Jean-Claude Perrottet was made redundant from Catholic Schools NSW in month before Icac hearing
Returning to the NSW Icac’s Operation Rosny hearings, Jean-Claude Perrottet, younger brother of former premier Dominic Perrottet, has been giving evidence under questioning from counsel assisting, Juliet Curtin.
Questions this morning have methodically gone through Jean-Claude’s history with the Liberal party and his early years in conservative right faction group the Reformers, alleged to have solicited illegal donations, after joining in 2018. He has previously denied any wrongdoing.
Like Reformer Robert Assaf and previous witness Dylan Whitelaw, Jean-Claudehas been an employee at Catholic Schools NSW. Icac is investigating the allegation that illegal donations were made by the schools governing body, arranged and approved by the Catholic Schools NSW chief executive, Dallas McInerney.
The inquiry heard that although Jean-Claude was promoted to head of communications in May this year, he was made redundant from Catholic Schools NSW in June, weeks before Icac’s inquiry. He says McInerney, who has stepped aside from his role during the inquiry, told him the decision was because of office changes. Curtin asks:
Curtin: “I want to suggest to you, Mr Perrottet, that the reason you were made redundant only a month after you’ve been promoted to this new role was because of your involvement in this inquiry. Is that right?”
Jean-Claude Perrottet: “That wasn’t what was communicated to me from the office and the emails that I received, but I mean, obviously, I’ve thought about the timing of it.”
NSW police required to switch on body cameras under new policy
New South Wales police officers carrying out operational duties will be required to wear and activate body cameras under a new policy.
The change follows a key recommendation from the Law Enforcement Conduct Commission’s review of the force’s body-worn video policy and practice, prompted by a series of serious incidents in which officers failed to activate available cameras.
Under the new policy, officers must activate their body-worn cameras in most operational situations, unless doing so “is reasonable impracticable or an exemption applies”.
If an officer is not wearing a camera, fails to switch it on, or turns it off during a job, they will have to provide an explanation.
NSW police. Photograph: AAP
Chief commissioner Peter Johnson welcomed the change, calling it “a very important development” that should “increase public confidence” in the force. He said:
The knowledge that interactions between police and community members are being recorded helps to keep both the officer and the community safe. The use of body worn cameras also promotes officer accountability by enabling the NSW Police Force and the Commission to effectively scrutinise officers’ actions where there are allegations of police misconduct.
The NSW police force says it has now implemented most of the commission’s 15 recommendations.
NSW Liberal leader backs in shadow attorney general who admitted to leaking confidential report to Reformers
The NSW Liberal leader, Kellie Sloane, says she will not make a decision about the future of shadow attorney general, Damien Tudehope, after he admitted to Icac to leaking a confidential draft copy of a parliamentary inquiry report to a member of conservative right faction group the Reformers.
Yesterday, Tudehope, who is also leader of the Liberals in the upper house but has stepped aside from his roles during the inquiry after being called as a witness, admitted to leaking the confidential parliamentary document from an inquiry which preceded Icac’s probe. Members of the Reformers avoided being served summons to appear before the inquiry.
At a press conference this morning, Sloane, who has said she will not provide running commentary on Icac’s investigation, said yesterday’s evidence had not changed her position and she would make a decision about Tudehope’s future as shadow attorney general “once Icac proceedings have finalised”. She said:
Damien cooperated with the inquiry. He was thanked by the inquiry, and he was released from his summons. The leaking of a report is never good. It’s a standard that I don’t accept. I spoke to Damien about that this morning, but the status remains that Damien is not in my shadow cabinet for the remainder of these hearings, and that’s appropriate. It’s not because he’s accused of anything wrong. It’s not because he’s a person of interest by the inquiry.
It’s because, quite simply, as my shadow attorney general, there’s a perceived conflict of interest. He is close to many of the parties involved, and he is in effect our spokesperson for Icac. So on that basis, he will remain, and I won’t pre-empt the outcomes of the inquiry.
NSW Liberal leader Kellie Sloane. Photograph: Nadir Kinani/AAP
Australian shares have rallied to a record high in early trading after optimism about peace negotiations in the Middle East buoyed global markets.
The benchmark S&P/ASX 200 spiked above the 9,200 point mark shortly after the market opened this morning, surpassing an intraday record set in late February.
Prices then eased to trade at 9,150 points by late morning.
The ASX has been pulled around by global events in recent months, with the Iran conflict and fears of an AI bubble leading to wild swings.
The recent bullish sentiment has outweighed concerns over inflation, which typically drag stock prices down. There have also been multiple past instances of failed negotiations between the US and Iran.
Australian Securities Exchange in Sydney. Photograph: Steven Markham/AAP
Market strategist Michael McCarthy, from trading platform Moomoo, says “while stock investors may be ignoring bad news while buying good news” there has been a flow of strong US company earnings reports to support stock prices.
The latest bout of market optimism was sparked by comments by US and Qatari officials saying progress is being made in restoring a ceasefire in the US-Iran war and reopening the strait of Hormuz.
The main US index, the S&P 500, rallied to a record high overnight, led by a surging technology sector.
SpaceX rocket hours away from crashing into the moon
A four-tonne piece of a SpaceX rocket that has been floating in space since last year is set to unintentionally crash into the moon at high speed on Wednesday, a collision that poses no danger to Earth but will leave behind a new lunar crater and afford an opportunity for further scientific research.
A SpaceX Falcon 9 rocket lifts off on 15 January 2025. Part of the rocket will crash into the moon on Wednesday. Photograph: Cristóbal Herrera/EPA
The school-bus-size object is the second stage of a SpaceX Falcon 9 rocket that had launched a lunar lander from Firefly Aerospace toward the moon in January 2025.
The rocket body is due to hit the moon about 4.35pm Sydney time.
NSW government accepts all recommendations from inquest after Bondi Junction stabbing attack
The NSW government has formally accepted all recommendations from a coronial inquest into the stabbing deaths of six people at Bondi Junction shopping centre in 2024.
The final report into the attack made 13 recommendations directed to the government, 11 of which it will accept in full and two in principle. They include a new health-led response model for mental heath emergencies funded with $270m over the next 10 years and stronger community mental health services, among others.
“The Government’s response outlines the significant work already underway across agencies to strengthen mental health care, enhance emergency preparedness and response, improve community safety, and deliver on the Coroner’s recommendations,” a press release reads.
NSW health minister Ryan Park. Photograph: Bianca de Marchi/AAP
NSW health minister Ryan Park said in a statement:
The Government’s response continues our work to strengthen mental health services, improve access to care and ensure people with severe and complex mental illness receive the support they need earlier and closer to home.
We are investing in reforms that improve coordination across the health system and help people access the right care at the right time.
Brother of former premier Perrottet to appear before NSW Icac
Penry Buckley
The NSW Independent Commission Against Corruption’s (Icac) Operation Rosny hearings resumed this morning.
Today’s witness is Reformers member Jean-Claude Perrottet, the younger brother of former Liberal premier Dominic Perrottet.
Icac is investigating whether Liberal figures including Jean-Claude solicited or accepted illegal donations for the recruitment or renewal of members to the Liberal party, a practice known as branch stacking, which is not itself illegal.
Icac is investigating another allegation that Liberal figures including his brother, Charles Perrottet, solicited or accepted donations from fugitive property developer Jean Nassif in exchange for the pursuit of outcomes sought by Nassif.
The inquiry has heard that Jean-Claude and Charles avoided being served summons to appear at a parliamentary inquiry which preceded Icac’s probe. Yesterday’s witness, NSW shadow attorney general, Damien Tudehope, who admitted to leaking a confidential draft report from the parliamentary inquiry to another Reformer, claimed to have discussed with Dominic Perrottet that Jean-Claude was in Fiji during the 2023 inquiry.
Dominic Perrottet is not accused of any wrongdoing, while Jean-Claude and Charles have previously denied any wrongdoing.
Victorian premier will read report from corruption watchdog ‘carefully’
Ben Carroll held a press conference after the release of the report by Victoria’s anti-corruption watchdog into the former Andrews government’s dealings with United Firefighters Union and its secretary Peter Marshall.
The Victorian premier said he would “read the report carefully” and give “Victorians the action and the answers they deserve”. Carroll went on:
This is poor behaviour. It is intolerable.
I will take action. I will accept the recommendations and get on with implementing [them].
Victorian corruption watchdog finds ‘concerning’ conduct by Andrews government but no evidence premier was blackmailed in tabled report
Benita Kolovos
Victoria’s anti-corruption watchdog has tabled a long-awaited report into the former Daniel Andrews government’s dealings with the United Firefighters Union and its secretary Peter Marshall.
The Operation Richmond report did not find that any individuals engaged in corrupt conduct, but it found that senior members of the Andrews government engaged in “serious and concerning” conduct in their dealings with Marshall when negotiating pay deals for the Country Fire Authority and Metropolitan Fire Brigade, and their later amalgamation into Fire Services Victoria.
This included “actions contrary to policy, procedure and codes of conduct, deliberate attempts to conceal and mislead, and the misuse of information.”
The Independent Broad-based Anti-corruption Commission (Ibac) found the government made an “undisclosed deal” with Marshall, “to the exclusion of other key stakeholders,” which allowed him to “exert extraordinary influence over the negotiations” for both the CFA and MFB enterprise bargaining agreements.
Ibac also found that Marshall was granted “privileged access” to responsible ministers.
The final release of the findings comes after years of legal attempts by the UFU to keep the report secret, including a high court challenge. The investigation first began in 2018 following a tip-off that Marshall “blackmailed or otherwise compromised” Andrews “to change his position on the CFA EBA”. Ibac found no evidence of blackmail and did not substantiate the allegation, which both Andrews and Marshall denied.
Former Victorian premier Daniel Andrews. Photograph: Joel Carrett/AAP
Victorian premier says he wants Suburban Rail Loop to be ‘most cost effective it can be’
On the Suburban Rail Loop, Carroll says he’s not going to be “ripping up contracts” but wants to ensure the project is “the most cost effective it can be”. So far the state has signed about $14.5bn worth of contracts for SRL East – a 26km stretch of tunnels between Cheltenham and Box Hill – with tunnelling to begin soon.
Carroll said:
This project is proceeding, but I want it done in a cost-effective, transparent way, making sure Victorians know that every dollar we spend on their behalf is treated with respect.
Host Raf Epstein asked: “Does cost-effective mean you’ll spend less each year? Are you going to slow down spending on the SRL?”
Carroll: “Raf, I’ve got no announcements to make on that today except to say this is a project for the state, just like Airport Rail, just like Melton electrification. I want a more integrated approach to Victoria’s transport system.”
Epstein: “That sounds like you are going to slow down that project so you can spend some of those dollars elsewhere.”
Carroll: “Raf, I am focused on a statewide integrated public transport system. Orbital rail is an important part of Victoria’s future. Airport Rail, as someone who used to watch the planes as a young boy and still in my house now, Airport Rail under my premiership will be my focus and the number one project for our state.”
AI and datacentres ‘off the leash’, new Victorian premier says in first broadcast interview
Benita Kolovos
Victoria’s new premier, Ben Carroll, gave his first broadcast interview with ABC Radio Melbourne’s Raf Epstein this morning, where he was grilled about his involvement in last week’s leadership spill.
He said it was “not an easy decision” to put his hand up for the leadership and he only did so after a group of colleagues had already told Jacinta Allan they had lost confidence in her.
Epstein: “So you had nothing to do with it?”
Carroll: “No.”
Carroll also stressed that the newly created minister for AI would not mean a free-for-all regarding datacentres. He said:
What is clear with artificial intelligence and datacentres is that it’s off the leash, so to speak, Raf, and I think we need to put working people and the people we represent into that equation. And I don’t think they are at the moment. Whether it’s AI or datacentres, I want to make sure it’s not just free rein.
Victorian premier Ben Carroll. Photograph: Jay Kogler/AAP
When asked who let AI off the leash, Carroll replied:
This is what happens with the big disruptors. We know [this is] the biggest disruptor happening to society right now. We’ve seen it with other things, Uber, transport. But what I want to do is make sure we have a strong, vibrant datacentre industry [and] a strong, vibrant artificial intelligence industry, but with the guardrails and the regulatory reform. I have tasked the incoming minister for artificial intelligence and digital economy – that is his first priority: putting workers front and centre of this massive economic transformation for society.