Category: josh frydenberg

Former Australian PM Malcolm Turnbull Positive for COVID-19

Former prime minister Malcolm Turnbull has announced he has tested positive for COVID-19. “Like hundreds of thousands of other Australians I have tested positive for COVID. Symptoms moderate so far. Isolating as required,” Turnbull wrote on Twitter on Saturday. “This pandemic and especially this latest wave has put our health professionals under enormous pressure—please be…


Cryptocurrency Now in the Sights of Australian Regulators

The Australian government has given an ear to the cryptocurrency industry and appointed a new committee that will oversee the development of long called for regulation in the sector which is worth trillions of dollars globally. More than 800,000 Australians have already made crypto transactions over the last three years—a figure growing at an accelerated…


Australian Treasurer: Smaller Budget Deficits and A Million More Jobs

Treasurer Josh Frydenberg is forecasting a slightly smaller budget deficit for the 2021/22 financial year while predicting strong economic recovery and a sharp fall in the unemployment rates. He is also predicting in his mid-year budget review wages growth of three percent in 2023/24, a rate not seen since the coalition came to power in…


Australia to Overhaul Regulations for Crypto, Buy Now, Play Later, and Digital Wallets: Treasurer

Australian Treasurer Josh Frydenberg has announced an overhaul to the payments system to target regulations surrounding cryptocurrency, Buy Now, Pay Later (BNPL), and digital wallets. In an address to the Australian-Israel Chamber of Commerce (AICC) on Dec. 8, Frydenberg said Australia had an opportunity to be among the leading countries in the world in leveraging…


Australia to Overhaul Regulation for Crypto, ‘Buy Now, Pay Later’, and Digital Wallets: Treasurer

Australian Treasurer Josh Frydenberg has announced an overhaul to the payments system to target regulations surrounding cryptocurrency, Buy Now, Pay Later (BNPL), and digital wallets. In an address to the Australian-Israel Chamber of Commerce (AICC) on Dec. 8, Frydenberg said Australia had an opportunity to be among the leading countries in the world in leveraging…


Australian Economy Contracted 1.9 Percent During Lockdown Period

The Australian economy contracted by 1.9 percent in the September quarter (Q3), when state lockdowns against the Delta variant of COVID-19 occurred, but it was less than the 2.5 to 3 percent drop that economists were fearing. The Australian Bureau of Statistics (ABS) revealed in the latest National Accounts that despite the quarterly drop, Australia’s…


‘A Disgrace’: Australian Unions Fire Back at PM on Port Warning

The Maritime Union of Australia (MUA) has said the fact that Prime Minister Scott Morrison joined the “attack” from stevedoring companies against wharf workers and their families was a “disgrace.” In a response to Morrison’s warning to the MUA that the government would intervene in future industrial action at ports if necessary, MUA national secretary…


Australian Visa Holders Able to Return From the Start of December

Fully vaccinated Australian visa holders will be able to enter the country from Dec. 1 after two years of border closure, Prime Minister Scott Morrison announced. Morrison said fully vaccinated eligible visa holders would be able to travel into Australia without needing to apply for a travel exemption. This will include visa types of humanitarian,…


Australian Premier Delays Call to Extend COVID-19 Health Powers Until 2022

New South Wales (NSW) Premier Dominic Perrottet has delayed the call to extend emergency health powers until next year. NSW Health Minister Brad Hazzard pushed for the extension of the temporary COVID-19 emergency powers until 2023. The proposal was on the back of a recommendation by Chief Health Officer Kerry Chant. According to The Australian,…


Federal Treasurer Condemns Dan Andrews’ Controversial Pandemic Bill: ‘It’s Overreach’

Federal Treasurer Josh Frydenburg is among a growing number of federal MPs who are voicing their concerns over Victorian Premier Daniel Andrews proposed pandemic legislation that will grant the state’s premier and health minister unprecedented powers to “rule by decree.” “I don’t agree with Daniel Andrews Pandemic Bill. It’s overreach & has rightly been condemned,”…