Global Scans · Australia · Weekly Summary

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WHAT'S NEXT?: Australia will no longer be known for being as dependant on the export of natural resources over the next half century as in 2012. The need for new infrastructure to meet the strong population and economic growth of Australia will continue to be a priority for the medium term. There's no doubt the aftermath of China's credit boom poses a much bigger economic threat to Australia than Britain's withdrawal from the European Union. The Growth rate for Australia is expected to be stronger, although still below the long-term trend.

• [New] Legal authorities in Australia, Canada, New Zealand, the United Kingdom and the United States of America accept that sexual assault myths and misconceptions have a potential to exert an undue influence on triers of fact when deliberating about a sexual assault case. Wikimedia Foundation, Inc.
• [New] Set to arrive in Australia in the second half of 2024 - even as it launches in the United States now - the next-gen Camry is going all hybrid from factory, reflecting Toyota Australia's decision to pause orders of the non-hybrid last year. Chasing Cars
• [New] Kia has confirmed that the Tasman is scheduled to make its debut in 2025, and the C-segment pick-up truck's launch strategy will be phased globally, including key markets such as South Korea, Australia, Africa and the Middle East. Paul Tan's Automotive News
• [New] EV prices will reach parity with petrol/diesel cars in Australia within the next 2-3 years, removing a major barrier to adoption. Share Talk
• [New] Under the AUKUS agreement, Australia and the UK will operate a common submarine of the future, incorporating technology from all three nations, based on the UK's next generation design, which BAE Systems is leading. UK Defence Journal
• [New] Australia will now process high earners visa within a week to help employers and reduce the risk. en_US
• [New] Partly because of the Murdoch media's promotion of nuclear power and its push-polling, the federal Liberal-National Coalition opposition has pledged to introduce nuclear power to Australia by the mid-2030s if it wins and forms a government at the election to be held no later than May in 2025. The Ecologist
• [New] All high-risk RMBS contain a heavy concentration of loans in at least one of four regional areas in Australia, highlighting the geographic concentration of climate risk. Reserve Bank of Australia
• [New] NAB is urging Australian small businesses to enhance their cyber security, today announcing it will offer a year of free cyber security software to business customers. FinExtra
• [New] The federal government will offer $400m in loans to an alumina facility in Queensland and fast-track support to a graphite project in South Australia as part of its Future Made In Australia industry program. The Guardian
• [New] The next important alliance is Five Eyes'' which boasts the membership of the United States, Canada, United Kingdom, Australia, New Zealand aimed at intelligence-sharing and cooperation on border security issues, including countering cyber threats and foreign interference. Islamabad Post
• [New] Australia is an ally of both the US and the UK, and plans to acquire its first nuclear-powered submarines with the assistance of both. The Register
• [New] Velocity Frequent Flyer and one of Australia's leading energy retailers, AGL Energy, have entered into a new strategic partnership giving millions of Australians the opportunity to earn Velocity Points through electricity and gas plans. Virgin Australia Newsroom
• [New] The Australian population is ageing, and the risk of being diagnosed with cancer increases with age. Australian Institute of Health and Welfare
• [New] The extra payments to Western Australia will initially be funded from general Commonwealth tax revenue, rather than by cutting GST payments to other states. The Conversation
• [New] Australian companies will soon need to account not only for their own direct greenhouse emissions and indirect emissions from electricity, but also indirect emissions from upstream and downstream activities (scope 3 emissions). The Conversation
• [New] While nuclear power might experience a resurgence globally and eventually have a role in Australia, right now, no matter how much intent there might be to activate a nuclear power industry, it is difficult to envision before the mid-2040s. SmartCompany
• [New] Further work to boost regional security is taking place between the UK and US via the AUKUS programme, which will see the construction of conventionally-armed nuclear-powered submarines to be delivered to Australia's navy. GOV.UK
• [New] The opportunity to produce Green Hydrogen through renewable electrolysis of water is emerging throughout Australia as we develop and increase renewable energy capacity (predominantly via solar and wind). Hfw
• [New] The Office of the Australian Information Commissioner expects organizations to be compliant and to have security measures in place to minimise the risk of a data breach. Stephens Lawyers & Consultants
• [New] There will be over 200,000 cases of cancer diagnosed in Australia. Australian Institute of Health and Welfare

Last updated: 26 April 2024