Share this @internewscast.com

Nationals senator Matt Canavan has responded to Treasurer Jim Chalmers’ productivity roundtable by announcing he will hold an alternative summit at Parliament House, arguing energy prices are a threat to productivity.
Announcing the upcoming economic meeting, Canavan was wearing a shirt that read: “Energy prices are the real productivity threat”, while he drank from a mug that read “I heart fossil fuels”.
Former Productivity Commission chair Gary Banks is set to give a speech, while the guest list includes some conservative-leaning economists.
Canavan’s forum will be open to the public, unlike the government’s closed-door meeting, which is underway.

The Queensland senator said Treasury’s productivity papers didn’t mention the cost of electricity.

“I’m ready for the prime minister to come down or for Jim [Chalmers] … to explain why they won’t explain to the Australian people why power prices have surged under their watch,” Canavan said.
“Up there at groupthink central, they’re not even discussing the issue. No-one is discussing the fact energy prices are the biggest hit to our nation’s productivity, the biggest hit to our nation’s wealth and prosperity, is the fact we’ve lost control of our energy market.”

Back then, AER reported that wholesale and network expenses increased by 1 to 11 percent across various regions, while retail expenses surged by 8 to 35 percent compared to the previous year.

At Chalmers’ summit, around 30 leaders from business, unions, and civil society have convened in Canberra for three days. The meeting is a key part of the government’s strategy to build national consensus around economic reform.
Chalmers has said the ideas discussed at the roundtable will inform “the next three budgets and beyond”. A number of topical and controversial ideas for reform are on the table, including major tax reform, deregulating artificial intelligence and a four-day work week.
Prime Minister Anthony Albanese has promised the government’s economic roundtable will deliver long-lasting change through consensus.
The first day of the roundtable focuses on building resilience.
Following the treasurer and prime minister’s opening addresses, Reserve Bank governor Michele Bullock delivered a presentation outlining Australia’s declining productivity performance.
— With reporting by the Australian Associated Press.

Share this @internewscast.com
You May Also Like

Unveiling the Legacy: The Historic Handback of Uluṟu-Kata Tjuṯa and Its Impact on Indigenous Rights

Uluṟu is one of the most famous and recognisable landmarks in the…
The fugitive father (pictured) was shot dead during a showdown between him and NZ Police

Exclusive: Inside the Secret Bush Hideouts of Fugitive Father Tom Phillips and His Children – Unveiling Three Years of Evasion

Newly released photographs have unveiled secretive bush hideouts where fugitive father Tom…
Keir Starmer, Volodymyr Zelenskyy

Zelenskyy’s Urgent Plea: Rallying European Support in London to Combat Russian Aggression

The meeting hosted by British Prime Minister Keir Starmer is also due…

Authorities Launch Fresh Investigation into Bowraville Unsolved Murder Case

Warning: this article contains the name of an Aboriginal person who has…
Governor of the Reserve Bank of Australia Michele Bullock speaks at The Daily Telegraph Future Sydney Bradfield Oration held at the Opera House in Sydney on October 24, 2025.

Leading Banker Uncovers Alarming Financial Threat: Protect Your Money Now

Australia’s top banker says she’s worried about the threat posed to the…
Bag cuts are now in place for recreational fishing in the two gulfs, but restrictions only apply to commercial fishers in Gulf St Vincent.

South Australian Anglers Upset by New Fishing Restrictions

South Australia’s recreational fishing enthusiasts are expressing strong discontent after the state…
Senator Jacqui Lambie addresses the media

Senator Jacqui Lambie Set for Upcoming Spinal Surgery: What You Need to Know

Senator Jacqui Lambie is set to miss the remaining parliamentary sessions of…
Major university under investigation after underpaying staff $1.25 million

Top University Faces Scrutiny Over $1.25 Million Staff Underpayment Scandal

The University of Adelaide is currently under scrutiny following its admission of…
Victims of horror crash that killed young model lash out at system 'in tatters'

Families of Tragic Accident Victims Criticize Flawed System Following Young Model’s Death

The heartbroken family and friends of a young model who lost her…

Mount Buffalo National Park Reopens Amid Intensified Search for Missing Dezi Freeman

Victoria Police have announced a new taskforce will take the lead in…
Amazingly no one was physically hurt in the Burnley Tunnel crash.

Miraculous Escape: Driver Survives SUV Crush by Fuel Tanker in Tunnel Collision

A Melbourne driver has had an incredible escape after their car was…

Trump Halts Trade Discussions with Canada Citing Concerns Over ‘Misleading’ Reagan Tariff Advertisement

US President Donald Trump says he is immediately ending all trade talks…