Analysis

How did Murray Goulburn, once Australia’s biggest milk processor and a successful dairy cooperative since 1950, end up being sold to its international competitor, Canadian dairy giant Saputo? In the third of this multi-part series (read part one and two), Elena Garcia provides some answers.

The Australian Council of Trade Unions' new Change the Rules campaign is well underway.

In conjunction with a professional advertising and social media strategy, the campaign was launched on April 7, building up to the 12 Days of Action in early May around the May Day rallies. Thousands of people attended these rallies across the country, culminating in 120,000 workers marching in Melbourne on May 9.

Captain Cook has loomed large in the federal government’s 2018 budget. The government has allocated $48.7 million over four years to commemorate the 250th anniversary of Cook’s voyage to the South Pacific in 1770. The funding has been widely debated on social media as another fray in Australia’s culture wars, particularly in the context of $84 million in cuts to the ABC.

In delivering his third federal budget speech on May 8, federal Treasurer Scott Morrison claimed his government would guarantee the essential services Australians rely on. Presumably this included the National Disability Insurance Scheme (NDIS).

However, Morrison only mentioned the NDIS once in his half-hour budget speech, and that was 25 minutes in. He said, “every dollar and every cent committed to delivering the National Disability Insurance Scheme remains in place and always will,” before quickly moving on to "stopping the boats", "terrorism" and border security.

The likelihood of Australia meeting its obligations under the 2015 Paris Climate agreement to cut emissions by 26–28% by 2030 (compared with 2005 levels) is becoming a vain hope if budget provisions are any indication.

While federal Treasurer Scott Morrison was spruiking low and middle income families as the “winners” in the federal budget, unnoticed among the biggest “losers” was the Australian Securities and Investment Commission (ASIC).

The Victorian Labor government’s final budget before the November state election is strong on spending — for health, education and public transport, but unfortunately also for toll roads and law and order.

More than 600 people rallied in Sydney on May 14 to protest against Black deaths in custody after footage showing a Western Australian senior sergeant deliberately driving over 18-year-old Aboriginal man William Farmer was released. The police officer who assaulted Farmer has been stood down, but the young man sustained serious injuries as a result of the assault.

It is bad enough that Australia is not on track to cut its greenhouse gas emissions by 26–28% on 2005 levels by 2030, as it is notionally committed to doing, but according to the government's own figures, it is only set to reduce them by 5%. What makes it worse is that even the 26–28% target is very conservative and unlikely to be sufficient.

In truth, wealthy industrialised countries like ours should be seeking to become net zero emission economies and societies, both because we can and because it is simply not worth gambling with the continued existence of life as we know it.

Multinational gas corporations are expected to sell $50 billion worth of Australia’s liquefied natural gas (LNG) overseas every year, but it will be at least 10 years before the national treasury receives any rise in tax revenue. Even then, many projects will never pay any tax to the government for the resources they export.

A report prepared for the federal government into the operations of the Petroleum Resource Rent Tax (PRRT) shows that revenue from the offshore gasfields will remain static until at least 2027.

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