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A bipartisan Australian parliamentary inquiry has recommended independent safety checks, security access to new models, stronger data safeguards and a copyright review after the OpenAI breach. The government is still planning national standards for frontier AI by the end of 2026.
Australia’s Coalition has proposed net overseas migration of 100,000 for two years, then 130,000 and 160,000. Angus Taylor says the package is budget neutral, but Coalition sources concede the PBO had not fully costed it before release; business and universities warn of economic damage.
AllegedThe Coalition’s first-year net migration target is expected to be around 100,000.
Treasurer Jim Chalmers warned that global turmoil and the Middle East conflict would pressure Australia’s economy and budget, while saying Australia should avoid recession. He said further savings were being prepared for the December budget update.
The Reserve Bank of Australia raised interest rates to a high not seen for 15 years.
Five Australian jurisdictions observe daylight saving time: the ACT, New South Wales, South Australia, Tasmania and Victoria.
G7 leaders agreed to release up to 100 million barrels of crude and diesel through the IEA over four months, including a substantial diesel release in the first 20 days. Members also agreed not to restrict energy exports to one another; Trump later said the US would not impose a diesel-export ban.
US average diesel price
The Australian Government will fund a delay to the ATO’s planned ban on credit card tax payments, allowing cards until mid-2027 after small-business criticism. Assistant Treasurer Daniel Mulino said the government knew about the proposal in July.
AllegedThe ATO said absorbing credit card surcharge fees would cost about 200000000 USD per year.
From October 1, Australian businesses cannot add card surcharges and the interchange-fee cap is 0.3%; the RBA says consumers will save $1.6 billion annually. NSW businesses are absorbing fees or raising prices, while the ATO's November 30 credit-card cutoff has drawn backlash.
The surcharge ban is expected to save consumers annually.
UAE prosecutors say Hamam al-Hammami admitted acting alone in a planned suicide attack to crash FZ1073 at Ben Gurion Airport. After the incident, Israel reportedly barred crew with nationalities from 31 countries from flights into or over Israel; Air France said it would comply.
The plane lost about 16,000 feet of altitude during the reported fight.