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Archives for December 2015

First Turnbull Ministry – Revised

This is the revised Turnbull ministry, released today.

If follows the resignation of Jamie Briggs and the standing aside of Mal Brough.

Brough’s duties as Minister for Defence Materiel and Science have been assumed by the Defence Minister, Senator Marise Payne. The Finance Minister, Senator Mathias Cormann, has taken over as Special Minister of State.

Brigg’s duties as Minister for Cities and the Built Environment have been taken on the Environment Minister, Greg Hunt. [Read more…]


Queensland Parliament Passes Bill For Referendum To Introduce Fixed Four-Year Terms

The Queensland Legislative Assembly has passed a bill to enable a referendum to be held on the question of introducing fixed four-year parliamentary terms.

The referendum will be held in the new year. It will ask voters to approve a fixed four-year term for the Legislative Assembly. The new term would come into operation after the next election. Future elections would take place on the last Saturday in October.

Queensland has a unicameral (single chamber) Parliament consisting of just the Legislative Assembly. The Legislative Council was abolished in 1922. [Read more…]


Reserve Bank Leaves Interest Rates On Hold; Cash Rate Stays At 2%

At its final meeting for the year, the board of the Reserve Bank of Australia has decided to leave interest rates on hold.

The cash rate remains at 2%, where it has been since May 2015.

Statement from Glenn Stevens, Governor of the Reserve Bank of Australia.

Statement by Glenn Stevens, Governor: Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent.

The global economy is expanding at a moderate pace, with some softening in conditions in the Asian region, continuing US growth and a recovery in Europe. Key commodity prices are much lower than a year ago, reflecting increased supply, including from Australia, as well as weaker demand. Australia’s terms of trade are falling. [Read more…]