Tag Archives: oceania

What you pay every day for defending Australia

Ballooning defence spending over the coming years will be a major challenge for the new federal government, with many big-ticket projects eating up billions of dollars.

The warning comes in the Australian Strategic Policy Institute's (ASPI) annual report released this week on military spending.

Australia's defence budget for the 2021-2022 financial year was $48.6 billion, or 2.11 per cent of GDP.

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The figure – which included the Department of Defence and the Australian Signals Directorate – equates to a daily cost of $133,191,781, the report said.

National security was a major issue during this year's federal election campaign, with the former Coalition government accusing Labor of being soft on defence and having a track record of cutting military spending.

'Megaprojects bring big risks'

But Labor leader and new Prime Minister Anthony Albanese insisted a government he led would increase the defence budget, with better management of expensive projects.

But that may prove a tough task for the federal government, the report said.

It said the Australian Defence Force was improving but warned of the risks in a defence budget designed around "megaprojects".

"Such projects take years or decades to design and deliver, while spending huge sums for little benefit in the short term," the report said.

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"When they encounter problems, those problems are big."

Leading those is the AUKUS agreement under which Australia will acquire a nuclear-powered submarine fleet by accessing US and British technology.

The move by the former Morrison government led to the controversial scrapping of an agreement to acquire French-designed conventional submarines.

The nuclear submarines project will cost "significantly more" than the cancelled $90 billion French project, the ASPI report said.

While the nuclear submarines, projected to enter service from 2030 onwards, had "the potential to deliver a huge step-up in undersea warfare capability", the risk of a major blowout in costs was significant.

'China can reach anywhere in region'

The report also highlighted the significant role growing Chinese assertiveness in the Pacific region was playing in shaping Australian defence planning.

It pointed to incidents over the past months involving the People's Liberation Army in our region such as its "state-of-the-art" naval surveillance ships transiting through the Arafura Sea and Torres Strait off northern Australia and the lasering of an Australian surveillance plane by a Chinese warship.

READ MORE: China warns Australia off 'provocative' acts after 'dangerous' interception of RAAF plane

The report said such incidents were meant to be a reminder for Australia and other countries that the PLA Navy is now the largest in the world and "can reach anywhere in the Indo Pacific".

In another display of Chinese military assertiveness, one of its fighter jets carried out an interception of a Royal Australian Air Force surveillance plane in the South China Sea last month, described this week as "dangerous" by the federal government.

Albanese showed how serious he is taking the issue of rising Chinese power by flying to Tokyo just hours after he was sworn in last month to attend the Quad summit, with the leaders of Japan, the US and India.

And soon after Foreign Minister Penny Wong began the first of two visits to the Pacific as her Chinese counterpart toured the region and signed a dozen bilateral agreements but failed to clinch a security and trade deal with 10 countries.

Wong pledged to work for better relations with Pacific countries and "make a uniquely Australian contribution" to the region.

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'Win for savers': Two banks increase interest rates on savings accounts

Aussies looking to gain more out of their savings accounts are finally in luck as two banks have decided to increase the Reserve Bank's rate hike to their savings accounts.

The RBA announced on Tuesday it would lift the nation's interest rates for the second month in a row, raising the cash rate target by a larger than expected 50 basis points to 0.85 per cent.

All four major banks passed on the rate hike in full to home loan customers however the good news is some banks are setting a new standard and passing on the rate rise to savings customers too.

READ MORE: Four groups of Aussies to be most affected by rate rise

Macquarie Bank and ING.

Macquarie and ING have raised interest rates on their transaction and savings accounts which finance experts are calling a big "win for savers".

Macquarie will increase the interest rate on its transaction account from 0.2 per cent to 1.5 per cent on balances up to $250,000 from June 17.

This is a substantial increase for savers as the highest rate from a big four bank on a transaction account is 0.02 per cent from ANZ on balances over $100,000.

Meanwhile, ING is also increasing its interest rate on the Savings Maximiser account by 75 basis points to 2.10 per cent on balances up to $100,000 from June 15.

ING did not pass on the RBA rate hike in May which has contributed to this big change.

Commonwealth Bank will pass on the full 0.5 per cent rate hike to its GoalSaver and Youthsaver accounts from June 17.

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So, what does this mean for you?

RateCity.com.au research director Sally Tindall said it is a sign of banks making a move to "up the ante" on the return from savings accounts for Australians.

"Finally, we have some proof that competition in the savings sector isn't dead and buried," she said.

"ING and Macquarie have reset the battlefield for savings rates in what is ultimately a win for savers."

She added this will put pressure on other major banks like Westpac, NAB and ANZ to pass on the rate hike to savings customers.

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In terms of main transaction accounts, RateCity data showed Commonwealth and Westpac don't offer any interest on their main banking accounts however NAB and ANZ respectively offer 0.01 per cent and 0.02 per cent.

Macquarie's decision to pass on interest rate rises to the main banking accounts is a "game-changer", Tindall added.

It means customers will be able to get more back for the hard-earned cash they're saving.

Tindall suggested now is the time to "shop around" for the best deals at the banks for savings accounts.

The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.

Boxing champion Justis Huni describes drive-by shooting

Boxing champion Justis Huni says he's shocked but still focused on his training after drive-by-shooters fired bullets into his Brisbane home.

Huni was at home with around nine other people, including two children, when five shots were pumped into the home just before 4am last night. The bullets are now lodged in the family lounge.

"You get your house shot at, you're gonna be a little bit shocked," Huni said.

READ MORE: Justis Huni's father reveals 'crazy' details of drive-by-shooting

Nobody was injured in the shooting.

It remains unclear if the house was specifically targeted.

"I'm just thankful everyone's, you know, all good and healthy, no one got hurt," Huni said.

Huni has held the Australian heavyweight boxing title since 2020.

He said the shooting hasn't deterred him from training for the IBF Pan Pacific and WBO Oriental competition next week.

"My focus is still on the fight next week, and it's going to stay there," Huni said.

"After it happened we still went to training, still got the sparring done so.. yeah my focus is still at next Wednesday."

Queensland Police told 9News investigations are ongoing.

Christian Tsoye vs Justis Huni

The Aussie champion was in bed at the time of the shooting , with his father and trainer Rocki coming down to investigate after the shots rang out.

"Sounded like it'd come from a semi automatic cause it went "da da da da" like 5 times," Rocki Huni said.

"It was pretty scary… pretty scary event.

"If it had've been half an hour later it probably would've got my wife or my grandchild."

Rocki said he went outside to investigate after the gunshots rang out.

He said his wife later found bullet holes through the curtains and windows.

"There's 10 of us living in the house, I've got my daughter staying with us – she's got two kids, one, six months, the other eight-years-old," he said.

"It was crazy because right where one of those shots went through is where we feed the baby early in the morning."

'Absolute lunacy': Shocking footage of car pulling in front of truck

Shocking footage of a car pulling in front of a truck at very close range on a busy Queensland freeway has been released to serve as a warning to other drivers.

The dashcam footage, which has been shared by Transport and Main Roads Queensland, shows a car merging into the freeway's right lane in front of a heavy truck.

The car comes so close to the truck that the back of the car is obscured from the truck driver's vision by the truck's bonnet, while there appears to be traffic ahead in the lane.

READ MORE: 'The most traumatic night of our lives': Residents still reeling a year after horror storm

Transport and Main Roads Queensland has described the driver of the car's actions as "absolute lunacy".

"Pulling in front of any vehicle with this much notice would be a bad idea—but a truck going at this speed?"

The roads authority has reminded drivers, "Heavy vehicles need a lot more room to slow down, turn and change lanes.

"Additionally, drivers travelling on a multi-lane road where the speed limit is 90 km/h or more, must not drive in the right-hand lane except in limited circumstances.

"Drivers who fail to follow the road rules not only jeopardise their own safety but that of other road users."

'The most traumatic night': Residents still reeling a year after horror storm

A year after a "freak" storm tore through Victoria's Dandenong Ranges, residents still feel distressed thinking about what many say was the most terrifying night of their lives.

Those who experienced it say it's an "absolute miracle" no one was killed.

All of the 76 homes destroyed in the storm are still yet to be rebuilt and many of the other 92 homes damaged in the wild weather are yet to be repaired.

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But the emotional toll from what is believed to the best worst storm in the area's history has had a much wider impact than the physical damage.

A number of people are believed to have been left with post traumatic stress disorder – even those who did not suffer any physical loss.

The night of

On the night of June 9, 2021, families hunkered down in their living rooms as ferocious winds roared and the crash of trees breaking and falling thundered around them.

Even houses that weren't hit by the humongous gumtrees falling shook with the impact.

Power was cut to more than 6500 homes, while phone and internet services also went down across the Dandenong Ranges and surrounding towns.

Monbulk's Belinda Grooby said no one in her five-person family could sleep as they feared for their lives.

"We just kept thinking, 'Please don't let a tree fall on us. Please don't let this be our last night.'

"It's hard to put into words the fear we felt.

"The power was out and it was pitch black and, every couple of minutes, you would just hear a crack, and then a boom of a tree falling.

"Then the whole house would shake. And it just continued for what felt like forever.

"You couldn't see where the trees were falling. You could just hear them."

Sam Paynter, also from Monbulk, sheltered in his living room with his wife and three children aged under eight.

"It was the scariest night of our lives, that's for sure," he said.

"The sound of those gum trees we will just never, ever forget."

Twelve trees fell on their property, taking our their sheds and coming within two metres of the house.

Bri Tairi, her husband and parents-in-law were not so lucky to escape being hit.

They were finishing dinner in her Kalorama home about 8.30pm when a tree fell on their roof, crushing them.

"We had the most traumatic night of our lives," she said.

Tairi said they heard an indescribable loud noise and all looked at each other right before the roof came in.

"Then it was just the hugest bang on our head," she said.

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They were trapped under beams, and when she couldn't hear her nine-month-old son crying from the other side of the house, Tairi instantly thought he was dead.

"I couldn't move and I was screaming out his name," she said.

Luckily, her son had somehow slept through the chaos, and her husband brought him to her.

"And then I see my baby, and he was smiling at me," Tairi said.

"It was the best moment of my life just knowing he was OK."

Tairi said the baby was the reason the adults had not been sitting on the couch – where the main beams of her house fell – because he had taken extra long to feed that night, delaying their dinner.

They would have been sitting on the couch if they had eaten at a normal time.

"We would have been dead," Tairi said.

After freeing themselves from the wreckage, the family jumped in two cars to get away from the area but quickly found themselves stuck.

"Every road we went down was covered in trees. We were stranded," Tairi said.

They couldn't even get back home because trees had fallen over the roads since they'd driven over them.

"In the end, we just sat in our car all night," she said.

"And the car was just shaking in the wind. I can't explain the terror.

"We really felt like we were like the only people in the world. It felt like an 'end of the world' movie."

In the town of Emerald, Sherri Weinberg said the roaring winds "sounded like a train coming up the main street" as she sheltered alone.

"I can just recall the absolute horrible noise," she said.

"It was relentless. I just went on and on and on."

Her windows shook so hard she feared they could blow out, while the outside of her flat was damaged, causing her bedroom to flood.

READ MORE: 'One-in-25' homes could be uninsurable by 2030

Out on the frontline, rescuers were forced to retreat inside because falling trees were threatening their lives and stopping them from reaching those who needed help.

Emerald SES controller Ben Owen said his crew arrived to an overturned car, only to be told by a Country Fire Authority crew the driver had already been rescued and that everyone needed to leave the area as soon as possible because of the trees falling around them.

"I don't think I've reversed a truck down a road quicker to get away from an incident," he said.

The seasoned rescuer said he was "absolutely" scared that night, especially when an SES vehicle was crushed by a tree.

SES volunteers had to sleep on the station room floor because they couldn't get home.

"We couldn't even tell our loved ones what we're doing or that because the phone systems are all crushed, and the internet was down."

Owen is one of many who is amazed no one was killed in the area.

"It's actually a miracle that either a first responder or member of the public wasn't killed that night," he said.

"Absolute miracle."

It was by far the worst storm he has experienced in his almost 40 years in area.

"That was a freak event," he said.

"A one-in-a-hundred-year sort of storm."

Homes were flattened, roofs were blown off and power lines were unable to be restored for weeks.

Winds were recorded as being at 127km/h before a gauge broke, however it is believed wind gusts reached 200km/h.

Trees that fell in the storm ripped up the concrete steps and barriers that make up the popular walking track the 1000 Steps, putting it out of action to this day.

The aftermath

Many people who endured the storm are still haunted by it.

"It was super traumatic," Tairi said.

"Even now, even though I know I'm safe where I am, I still forget and I'm waiting for that loud bang."

Grooby said: "A year later, I feel scared in situations where the wind picks up. I know that I still get jumpy every time we get a news report that we're expecting higher level of winds."

Grooby runs a youth organisation in Monbulk and believes that many of the teenagers who attend are emotionally affected by the night.

"Our teenagers still talk about that night and how scary it was for them," she said.

Paynter believes his oldest two children, aged eight and six, could have PTSD from that night.

"My kids refuse to sleep especially when there's a bit of wind," he said.

"My son has nightmares about that night to this day.

"Seeing that I was actually genuinely scared for my life and it probably has affected them.

"I think they're going to suffer for a while."

Paynter said he and his wife also struggle to sleep when it's windy, "frightened that something could happen".

Some people even moved out of the area because of that night.

"A lot of people up and left because of the storm," Weinberg said.

"I know two families that sold immediately."

For those who lost their homes, the process of dealing with insurance companies and preparing to rebuild has been glacial, with most having not even started construction work.

"Your family home once was this beautiful place and now it just feels like like an awful reminder of that night," Tairi said.

"And we just feel like when there's no end in sight at the moment."

Her home has had nothing done to it except be covered by a tarp in the last year.

"It's been a nightmare. We've had to fight every step of the way."

She has just complied a report on the damage that remains a year on from the storm, wanting to raise awareness that people are still really struggling and that there needs to be a better type of system in place to help recover from disasters.

While the long-term recovery is tracking slowly, residents say the immediate clean-up after the storm was incredible, with everyone putting the work in to help each other out.

"Everyone helped everyone with generators, moving trees out of driveways, clothing and food and things like that," Paynter said.

The community spirit around the Dandenong Ranges is one of the reasons his family won't move away from the area.

Many others feel the same way.

SES controller Owen has reassured that the storm was a rarity.

However, he advised people to have a plan to enact during bad storms going forward.

"Charge up the batteries, if they've got a generator make sure it's well-serviced, even make a decision in advance whether you even want to be in the Hills."

He said people should consider evacuating ahead of dangerous storms as they commonly did when there was high bushfire threat.

Russia accused of 'weaponising' food supplies

Ukrainian and Russian forces battled fiercely for control of a key eastern city on Wednesday, while fears of a global food crisis escalated as millions of tons of grain pile up inside the besieged country, unable to be exported by sea because of the war.

The urban battle for Sievierodonetsk testified to the painstaking, inch-by-inch campaign by Moscow's troops to seize the eastern industrial heartland known as the Donbas.

More than three months into the grinding war, Russia's continuing encroachment could open up the possibility of a negotiated settlement between the two nations, analysts said.

READ MORE: Claims Russia holding hundreds in 'torture chambers'

FILE - Scattered grain sits inside a warehouse damaged by Russian attacks in Cherkaska Lozova, outskirts of Kharkiv, eastern Ukraine, May 28, 2022. SLOVIANSK, UKRAINE - JUNE 08: Wheat grows in a farm field about 25 kilometers from the front line of battle between Russian and Ukrainian troops on June 08, 2022 near Sloviansk, Ukraine. In recent weeks, Russia has concentrated its firepower on Ukraine's Donbas region, where it has long backed two separatist regions at war with the Ukrainian government since 2014. (Photo by Scott Olson/Getty Images)

Russian President Vladimir Putin "has the option of declaring his objectives met at more or less any time in order to consolidate Russia’s territorial gains," said Keir Giles, a Russia expert at the London think tank Chatham House.

At that point, Giles said, Western leaders may "pressure Ukraine to accept their losses in order to bring an end to the fighting.”

The consequences of the war have been felt in many countries, where it is driving up the price of food since critical shipments of Ukrainian grain are bottled up inside the country.

Ukraine, long known as the “bread basket of Europe,” is one of the world’s biggest exporters of wheat, corn and sunflower oil, but much of that flow has been halted by the war and a Russian blockade of Ukraine's Black Sea coast.

An estimated 22 million tons of grain remains in Ukraine.

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SLOVIANSK, UKRAINE - JUNE 08: Ukrainian troops drive along a road on June 08, 2022 near Sloviansk, Ukraine. In recent weeks, Russia has concentrated its firepower on Ukraine's Donbas region, where it has long backed two separatist regions at war with the Ukrainian government since 2014. (Photo by Scott Olson/Getty Images)Ammunition is stored in a Ukrainian trench near the frontline in Donetsk region, eastern Ukraine, Wednesday, June 8, 2022. (AP Photo/Bernat Armangue)

Russia has expressed support for the creation of a safe corridor at sea that would allow Ukraine to resume grain shipments.

Under the proposal, Ukraine would have to remove its mines from the waters near the Black Sea port of Odesa, and Russia would be allowed to check incoming vessels for weapons.

Ukraine, though, has expressed fear that clearing the mines could enable Russia to attack the coast.

Ukrainian officials have said that the Kremlin's repeated assurances that it would not take advantage of the situation cannot be trusted.

European Council President Charles Michel on Wednesday accused the Kremlin of "weaponising food supplies and surrounding their actions with a web of lies, Soviet-style.”

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KYIV, UKRAINE - JUNE 08: AS woman removes personal belongin from a Kyiv apartment block the was hit by a Russian missile in March on June 08, 2022 in Kyiv, Ukraine.

While Russia, which is also a major supplier of grain to the rest of the world, has blamed the looming food crisis on Western sanctions against Moscow, the European Union heatedly denied that and said the blame rests with Russia itself for waging war against Ukraine.

“These are Russian ships and Russian missiles that are blocking the export of crops and grain,” Michel said.

“Russian tanks, bombs and mines are preventing Ukraine from planting and harvesting."

A woman passes by sandbags that were set to protect against Russian shelling in central Kyiv, Ukraine, Tuesday, June 7, 2022. (AP Photo/Efrem Lukatsky)

The West has exempted grain and other food from its sanctions against Russia, but the US and the EU have imposed sweeping punitive measures against Russian ships. Moscow argues that those restrictions make it impossible to use its ships to export grain, and also make other shipping companies reluctant to carry its product.

Meanwhile, heavy fighting raged in and around Sievierodonetsk, one of the last cities yet to be taken by the Russians in Luhansk, one of the two provinces that make up the Donbas.

Luhansk Gov. Serhiy Haidai acknowledged the difficulties, saying, "Maybe we will have to retreat, but right now battles are ongoing in the city.”

"Everything the Russian army has — artillery, mortars, tanks, aviation — all of that, they’re using in Sievierodonetsk in order to wipe the city off the face of the Earth and capture it completely,” he said.

Sievierodonetsk, which had a prewar population of 100,000, and the city of Lysychansk are wedged between Russian forces in Luhansk province.

Valentyna Tsonkan, an elderly resident of Lysychansk, described the moment when her house came under attack.

“I was lying on my bed. The shrapnel hit the wall and went through my shoulder," she said as she received treatment for her wounds.

Meanwhile, to the north, Russian shelling of the Kharkiv region killed five people and wounded 12 over the past 24 hours, Ukrainian authorities said.

The Russian military said it used high-precision missiles to hit an armor repair plant near Kharkiv. There was no confirmation from Ukraine of such a plant being hit.

Turkey has sought to play a role in negotiating an end to the war and in brokering the resumption of grain shipments. Turkish Foreign Minister Mevlut Cavusoglu met on Wednesday with his Russian counterpart, Sergey Lavrov. But Ukraine was not invited to the talks.