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‘Businesses are going under now’: Truckies knock Albo’s fuel crisis plan
The peak body for road transport says fresh national measures to combat the burgeoning fuel crisis is inadequate and overdue, warning businesses are going under "today".
Prime Minister Anthony Albanesetoday announced the government will be granted new powers to help private importers bring more fuel into the nation as the government attempts to curb spiking fuel prices and panic buying.
But Australia's transport industry needs instant relief, National Road Transport Association (NatRoads) chief executive Warren Clark said.
READ MORE: Iran vows to 'exact heavy price' after Israel strikes nuclear sites
"It's simple, if you don't have the funds to buy fuel – which has doubled in cost for most – or to meet your financial obligations, you're cooked," he said.
Clark urged the Alabanese Government and National Cabinet to urgently introduce more "practical measures" for operators, including emergency financial support payments for transport businesses.
"Even if operators can renegotiate contracts, it will take weeks for payments to catch up," Clark said.
"We're not talking small change here. This month alone we know of operators who have outlaid half a million dollars in cash or more to cover the gap between what their contracts pay and the pump."
NatRoad also wants to see the Road user charge for heavy vehicles canned immediately, and a six-month grace period on loan repayments for heavy vehicle equipment.
"Businesses are going under now — not in weeks, not in months. Today," he said.
"Drivers are having fuel cards declined. Operators are travelling between stations just to find diesel.
"This is happening right now and if we don't see action it will be too late."
Clark said most small to medium operators simply could not survive until Fair Work Changes flowed through
Long-term operators have been forced to stand down staff, park up their trucks and walk away from their businesses, the association said.
READ MORE: Hazardous surf warning in place as NSW coast faces dangerous conditions
NatRoad is now receiving multiple calls from members daily, desperate for help. Many long term operators have parked up trucks, stood down staff and walked away from their businesses.
The impact of the fuel crisis is only expected to worsen for the industry in coming weeks, when March fuel bills are due.
"When the fuel card bills arrive next month, for many, that will be the end of the road. When trucks stop, Australia stops," he said.
"This will affect us all if we don't act. We need to keep supermarket shelves stocked, construction moving and essential goods flowing."
The federal government's private importer powers are set to come into effect on Monday and will allow the government to use public funds to underwrite the purchase of fuel by the private sector.
The prime minister said it will also allow for the purchase of fertiliser and other essentials.
Albanese said that the government is in talks with local and international fuel suppliers "to help firm up and source new cargoes required to keep Australia moving".
"Put simply, we will use Export Finance Australia to underwrite the purchase of shiploads of fuel that will add to supply here in Australia.
READ MORE: Australia is in the grips of a dire tradie shortage. The fuel crisis is about to make it worse
"This support from the government will not be business as usual."It has to be additional supplies that are available on the international market, and it literally will be underwriting the purchase of shiploads of fuel to get here to Australia.
Minister for Climate Change and Energy Chris Bowen said Australia currently has 1.6 billion litres of petrol, which roughly equates to nine days' worth, which is up "very slightly".
He also said the nation has 2.7 billion litres of diesel, which is approximately one month's worth, and is "pretty flat".
"What that tells me is that while the fuel is flowing strongly out the door, especially to regional Australia."
Australians need to remain prepared as the war in the Middle East escalates, so too will volatile fuel prices, Bowen said.
The Australian Competition and Consumer Commission found the daily average diesel price across five of the largest cities was $3.03 a litre on Wednesday, up by 10 per cent from the previous week.
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Recidivist offender David Cossill sentenced after Glenfield, Auckland robbery turns violent
His criminal resume includes a standoff in which he fired a gun from his deck.
Northland fishers caught flouting shellfish rules in summer crackdown
Officers seized illegal set nets, including one anchored with a dumped car battery.
Auckland nail salon owners ordered to repay $190k in wage arrears
A freezing order was imposed to stop the salons’ owners from selling more assets.
More complaints arise about Woolworths’ use of AI personality analysis in job interviews
The Herald recently reported on a teen who said he was unfairly judged by an AI interview.
Teenager in NSW’s west charged with possessing extremist material
A teenage boy in NSW's west is set to front court today after he was charged with possessing extremist material and a prohibited weapon.
An investigation began in December last year after receiving information that a teenager, 15, was allegedly accessing extremist material online.
In response to this information, police executed a search at a home in Moree yesterday.
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During the search, police allegedly found and seized a mobile phone, a ballistic-style vest, and several notebooks.
He was arrested and taken to Moree Police Station, where he was charged with using a carriage service to possess violent extremist material and possessing a prohibited weapon without a permit.
He was refused bail and will face children's court today.
Police have reassured the community that there is no ongoing threat.
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Queensland could fast-track the opening of an oil lake the size of Singapore
As the fuel crisis continues to deepen, the Queensland government is reportedly looking to fast-track the opening of an oil lake the size of Singapore.
The Queensland government has already granted several companies approval to conduct exploration work at the Taroom Trough, an oil lake the size of Singapore, just 300km west of Brisbane.
The investigation of the site will allow the government to learn by the end of 2026 whether it is viable to drill into the lake and extract the supplies.
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While it is not an immediate relief from the ongoing shortage, if it is deemed usable, oil could be extracted from the site as early as 2028.
In Queensland alone, more than 100 service stations were out of fuel yesterday, with even more shortages across the nation.
The reports come just days out from the federal government being poised to reveal a national emergency fuel plan that will allow industries that require the supplies most to secure quantities.
READ MORE: 'By far the worst, the most scary': Tropical Cyclone Narelle makes landfall in third state
The plan would aim to create safeguards for supplies going to industries, such as farming, trucking and emergency services, as well as to regional areas.
There are calls from the opposition, however, to slash the fuel excise to immediately reduce costs for drivers.
"When you fill up your car, about 52 cents every single litre goes to taxation," Shadow Foreign Minister Ted O'Brien told Today.
"So we need to cut that taxation in half for a three-month period."
Cutting the tax would carry consequences for the federal budget, which brings in billions of dollars each year.
However, the fuel crisis is expected to affect the budget regardless.
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Iran vows to ‘exact heavy price’ after Israel strikes nuclear sites
Iran has vowed revenge after Israel struck two nuclear sites in the country overnight.
Iran's Foreign Minister Seyed Abbas Araghchi said Israel had struck two steel factories, a power plant and civilian nuclear sites.
"Israel claims it acted in coordination with the US," he wrote on X.
READ MORE: Iran looking to turn Strait of Hormuz into massive toll booth
"Iran will exact HEAVY price for Israeli crimes."
Araghchi said the attacks contradicted US President Donald Trump's claims of an extended deadline for diplomacy.
Israel's Defence Forces announced they had targeted a heavy water plant in central Iran.
They said the plant was a "key plutonium production site for nuclear weapons".
"The IDF will not allow the Iranian regime to continue advancing its nuclear weapons program, which poses an existential threat to Israel and the entire world," the IDF said in a statement.
Iran's Atomic Energy Organisation said there were no casualties or radiation leaks as a result of the attack.
READ MORE: Iranian ally could cause chaos if drawn into the war
International human rights organisations have condemned attacks on nuclear facilities this week.
Executive Director of the International Campaign to Abolish Nuclear Weapons (ICAN) Melissa Parke said it was "playing roulette with civilian lives".
"Nuclear risks are not theoretical — they are immediate and human," she said.
"The US, Israel and Iran must stop all military action and return to the diplomatic path."
Before working with ICAN, Parke was a Labor MP representing the WA seat of Fremantle.
ICAN said a direct hit on a nuclear facility would not cause an atomic weapon-like explosion.
READ MORE: Ground invasion of Iranian island a 'mistake', says expert
But a release of radiation could have profound long-term impacts on the region.
Overnight Iran attacked targets in Kuwait and Saudi Arabia.
Meanwhile, Iran has agreed to allow humanitarian aid and food through the Strait of Hormuz.
Iran is effectively blockading the narrow body of water, preventing shipping from going in or out of the Persian Gulf.
But today's decision would allow agricultural shipments into the region.
READ MORE: Iran could develop nuclear suicide bomb vests, claims JD Vance
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Hazardous surf warning in place as NSW coast hit with 11-metre swell
People across NSW are being urged to stay out of the water this weekend with a one-in-50-year event bringing powerful winds, dangerous surf, and the risk of coastal erosion across the state's coastline.
Last night, the coastal low stirred up 100km/h winds and an 11-metre swell, with a coastal hazard warning continuing to stretch down from Forster to past Eden.
The hazardous surf warning is set to remain in place for the rest of the day, bringing dangerous surf forecasts, cold temperatures and powerful winds.
READ MORE: 'By far the worst, the most scary': Tropical Cyclone Narelle makes landfall in third state
"Our concern is that those conditions that we are predicting may exceed our ability to safely respond and affect a rescue," Brent Manieri from Surf Lifesaving NSW said.
The Bureau of Meteorology said the low is expected to move slowly east into the Tasman Sea and weaken during Saturday evening.
"Wind gusts can be 40 per cent stronger than the forecast, and even stronger in squalls and thunderstorms," the bureau said.
"Maximum waves can be twice the forecast height."
Marine Rescue NSW Acting Superintendent Commander Dan Duemmer described the coast as a "no-go zone" this weekend.
While the conditions are expected to ease, close to 100 flights were cancelled to and from Sydney Airport last night.
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The ferry between Manly and Circular Quay has also been cancelled until at least Sunday morning due to rough conditions.
The system also impacted travel in Melbourne, with more than 40 flights cancelled last night.
All flights at the airport have resumed this morning.
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