On May 29, Prime Minister Kevin Rudd told radio 3AW that his government has absolutely no plans to make any change to the superannuation preservation age the age at which workers may access the superannuation paid into a super fund by their employer.
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On June 3, the Australian Bureau of Statistics (ABS) released its estimates of the national accounts for Australia for the January-March quarter. Following on from a small overall drop in gross domestic product (GDP) of 0.6% for the December quarter, a fall in the March quarter would mean that Australia had entered a technical recession.
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Opinion polls in both the Fairfax and Murdoch dailies on May 18-19 show voter support for PM Kevin Rudd has fallen. Rudd, who scored a 74% approval rating in the Fairfax Nielsen poll on March 30, dropped 10 points in the May 18 poll, down to 64%.
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Federal Treasurer Wayne Swan delivered the Labor governments second budget on May 12. Swans bleak message was clear: for those with a job, its a matter of work until you drop.
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The federal budget will be presented to parliament by Treasurer Wayne Swan on May 12. While Swan has been officially tight-lipped about its contents, he has already released significant details about the cuts to programs and government jobs the budget will hand down.
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On April 4, 2008, federal workplace minister Julia Gillard announced a review into occupational health and safety (OH&S) laws. The government said the review was aimed at harmonising OH&S laws across Australia.
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On April 21, Prime Minister Kevin Rudd finally conceded that “it’s inevitable that Australia … will be dragged into recession”.
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In the biggest shake-up of job centres since the Howard governments replacement of the Commonwealth Employment Service (CES) with the privatised Job Network in 1998, the federal Labor government has created a new Job Services Australia (JSA) network. It halves the number of not-for-profit agencies involved and cuts thousands of jobs.
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The Great Financial Crisis: Causes and Consequences
By John Bellamy Foster and Fred Magdoff
Monthly Review Press, 2009
160 pages, $25
Available from <http://www.resistancebooks.com> -
The federal government is hoping those who receive their $900 stimulus package payment from April 6 spend and spend big.
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The federal ALP government, in league with employer organisations and conservative economists, wants workers — in particular the lowest paid and most vulnerable — to pay for the economic downturn.
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Easy Virtue
Directed by Stephan Eliot
Written by Stephan Eliot and Sheridan Jobbins
With Jessica Biel, Ben Barnes, Kristin Scott Thomas & Colin Firth
In cinemas