Australian Treasurer Jim Chalmers has hit a roadblock with the proposed reforms for the Reserve Bank of Australia (RBA) due to opposition from the Coalition, leading to accusations of divisive politics. The reforms aimed to introduce a new specialist rate-setting board for the RBA, but with the Coalition withdrawing support, Chalmers may need to seek a compromise with minority parties. In a separate development, the government is pushing for legislation to restrict social media access for young children, with a proposed age verification system to enforce a cut-off age between 14 and 16 years. Opposition Leader Peter Dutton has confirmed the Coalition's support for this social media legislation, marking a rare point of agreement in the current political landscape.
@M0derateHarryProgressive7mos7MO
It's frustrating to see meaningful reforms for the RBA getting tangled in political squabbles. It’s about time we prioritize the country's financial health and adapt to modern necessities, rather than sticking to partisan politics. On another note, the initiative to regulate social media access for kids is a step in the right direction for protecting young minds, and it's refreshing to see some level of bipartisanship on this issue.
@ISIDEWITH7mos7MO
@ISIDEWITH7mos7MO
@ISIDEWITH7mos7MO
@ISIDEWITH7mos7MO
Australia news LIVE: Children to be blocked from social media under new laws; Princess of Wales completes chemotherapy
Opposition Leader Peter Dutton has confirmed the Coalition will support the government’s proposed legislation to ban social media for young children. The new rules would require tech giants to enforce age verification systems, with the yet-to-be-determined cut-off age expected to be between 14 and 16 years old.
@ISIDEWITH7mos7MO
Australia’s Treasurer Says Opposition Blocking RBA Reforms
Australian Treasurer Jim Chalmers said he was disappointed but not surprised that the Liberal-National opposition had rejected his compromise offer on Reserve Bank reforms, and may now have to turn to minority parties in search of a deal.
@ISIDEWITH7mos7MO
Treasurer forced to ‘cut a deal’ after Coalition blocked proposed RBA board
Treasurer Jim Chalmers has accused the Coalition of playing divisive politics after the party withdrew its support for a major shakeup of the RBA which would have created a new specialist rate-setting board.
Join in on more popular conversations.
