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Good morning!

It’s that time again. For the last time this year, the RBA is announcing its latest decision on the cash rate.

Reminder: We usually refer to changes in the cash rate as the RBA changing interest rates, because it affects rates across the economy, including home loans. The higher the interest rate, the more expensive it is to borrow money.

It’s widely expected the cash rate will be held at 3.6%, where it’s been since August. The decision will be announced at 2.30pm.

I’ve got 10 seconds

Quote of the day

“Cleveland had spent 74 of his last 87 days in Unit 18 locked in his cell for longer than 22 hours each day… this was not only entirely inappropriate, but inhumane.”
An excerpt from the WA Coroner's report into the 2023 death by suicide of First Nations teenager Cleveland Dodd, who was held in solitary confinement at a juvenile facility within an adult jail.
13 YARN: 13 92 76
Lifeline: 13 11 14

Stat of the day

$45 million
The amount of money the Federal Government has loaned Arnott's to support its move to sell Tim Tams worldwide.

Random fact of the day

Flamingos are born whitish grey, and develop a pink or reddish colour from the food they eat, like plankton or prawns that are high in beta-carotene pigments.

I’ve got 30 seconds

Some headlines from this morning:

  • A former childcare worker who raped and abused dozens of children should have been caught long before his eventual arrest, a new review has found. The Queensland Government released the result of a year-long review into the case of Ashley Paul Griffith by the state’s Child Death Review Board on Monday, finding his offending “could — and should — have been detected and disrupted earlier.” Griffith was found guilty of more than 300 offences and sentenced to life in prison last year. In response to the board’s recommendations, the State Government has committed to requiring organisations to report and investigate allegations or convictions of child abuse or misconduct made about their workers and volunteers.
    1800 RESPECT: 1800 737 732

  • Treasurer Jim Chalmers has announced federal energy bill rebates will end this year. Speaking to media in Canberra, Chalmers said: “When these energy bill rebates were first put in place, we had not yet rewritten the tax cuts… we've encouraged people not to see these as a permanent feature of the budget.” It comes as financial markets are expecting the Reserve Bank to keep interest rates on hold following another recent spike in inflation. The latest figures from the Australian Bureau of Statistics showed inflation jumped to 3.8% in the year to October, well above the central bank's target range of 2-3%. The RBA will announce its latest interest rate decision today.

Recommendation of the day

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I’ve got 1 minute

Barnaby Joyce has confirmed he will join One Nation

Federal MP Barnaby Joyce has announced he will join One Nation, after leaving the National Party last month.

In a post to Facebook, Joyce said joining One Nation, founded by Pauline Hanson, was a “considered and serious decision”.

Hanson has confirmed Joyce will run for a seat representing NSW in the Senate at the next federal election, due in 2028.

Barnaby Joyce

Joyce has been the MP for New England, a seat that covers areas of northern NSW, since 2013.

He was previously a Senator for Queensland.

Joyce was the leader of the National Party from 2016 to 2018, but stood down after it was revealed he had a personal relationship with a former staffer.

He was a backbencher for the Nationals until last month. Joyce had previously confirmed he would not run for the seat of New England in 2028.

One Nation

Hanson founded One Nation in 1997.

One Nation has four federal senators including Hanson.

One Nation’s policies include significantly reducing the number of people allowed to migrate to Australia each year, and limiting the number of countries whose citizens can move here.

The party’s website says it is “the only political party to question climate science,” and that it is in favour of Australia withdrawing from the Paris Agreement.

Reasons

Joyce said he had decided to move to One Nation because the party’s policies “put Australia first and centre.”

He criticised the current Government’s energy and immigration policies, and said he can’t effectively oppose them from the Nationals backbench.

Joyce will remain a member of the House of Reps (now representing One Nation) until the next election, when he will run as a Senator for NSW.

“I will let the voters be the ultimate arbiter of that decision,” Joyce said.

Reporting by Lucy Tassell.

Sun fact of the day

⛱️ It’s peak summer, so here’s your friendly reminder: Slip, Slop, Slap, Seek, and Slide. Fewer than 1 in 10 do all five, but each one helps protect your skin in the long run. Find out more.

Transparency: This is a sponsored section of the newsletter. It's the best way we can keep this newsletter free for you

I’ve got 2 minutes

Communication Minister Anika Wells is facing criticism for her travel expenses. What are ministers entitled to?

Federal Communication and Sport Minister Anika Wells has come under scrutiny in recent days following revelations about her travel expense claims.

The Opposition has called for a review of taxpayer-funded travel to New York and with family in Australia.

Prime Minister Anthony Albanese has defended Wells’ expenses, saying they were all “within guidelines”.

Rules

Politicians can be reimbursed for a range of work-related charges, governed by the Independent Parliamentary Expenses Authority (IPEA).

The IPEA says business expenses must:

  • be for “the dominant purpose of conducting parliamentary business,”

  • use taxpayer money “efficiently, effectively and economically”

  • be incurred in good faith.

It also requires politicians to be “personally responsible and accountable” for their spending.

IPEA defines reasons for travel as activities related to their electorate, ministerial position, political party, or as a member of Parliament.

Parliamentarians have a designated budget, and must report all travel expenses to IPEA.

They can claim expenses for family members’ travel from their “home base” to Canberra — up to nine business class return airfares for a spouse and three economy return airfares for each dependent child.

Parliamentarians can also claim up to three return business class airfares for family members to accompany them on “parliamentary business” in Australia.

Wells

Wells is the Minister for Sport and Communication.

While speaking at the National Press Club on Wednesday about the upcoming social media ban, Wells faced questions from journalists about a trip to New York that cost almost $100,000.

Wells and two of her staffers travelled to New York to host an event called ‘Protecting children in the digital age’ at the UN General Assembly, where she promoted the social media ban. She called the trip “incredibly important,” saying it “fuelled a global momentum“.

The Sydney Morning Herald has since reported that Wells expensed an official trip to Adelaide that coincided with a friend’s birthday party, while The Australian Financial Review reported she expensed a 2024 trip to Melbourne for the Formula 1 Grand Prix.

The Herald also reported that when Wells travelled to Thredbo for a Para snow-sports event, her family joined her for the weekend.

Wells travelled to France three times in 12 months to attend the 2023 Rugby World Cup and the 2024 Olympics and Paralympics.

On Monday, The Herald reported Wells expensed flights for her husband to join her at the AFL grand finals from 2022 to 2024.

Responses

Speaking to the ABC on Sunday, Albanese said the trip to New York for the UN General Assembly was an “important event that directly led to the European Union taking action.”

Albanese said he had approved the last-minute flights after directing Wells to delay her trip due to the Optus Triple Zero outages.

Addressing the Thredbo trip, Albanese said it was “within entitlements and Anika Wells was working on that trip as Sports Minister.”

At a press conference on Sunday, Shadow Finance Minister James Paterson said: “If [Wells] wants to attend a birthday party of a friend... if she wants to take her family on a ski holiday, she can pay for it herself.”

Addressing Albanese’s claim that the expenses were within guidelines, Paterson said: “Just because something can be done doesn’t mean it should be done.”

He said the expenses “should be referred to the IPEA for review to make sure it’s actually within the rules”.

Reporting by Emily Donohoe.

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Give me some good news

A new Australian marathon record was set over the weekend, with Jess Stenson beating the previous women’s record by nine seconds at the Valencia Marathon in Spain.

Stenson finished the marathon in 2 hours, 21 minutes and 25 seconds, finishing fifth in the race.

The 38-year-old said that after the race, she spoke to the previous record-holder, Sinead Diver. She told Australian Athletics that Diver “called me right away and we just cried. She was so happy for me.”

Want more good news? Sign up to our weekly Good Newsletter here - we promise it’ll make your week better!

Reporting by George Finlayson.

TDA titbit

It’s often said that when it rains, it pours. At the Louvre, it leaks.

Weeks after a $100 million jewel heist, the Paris museum has revealed a water pipe leak damaged up to 400 documents in its Egyptian antiquities department.

Deputy museum administrator Francis Steinbock told French media the leak sent “dirty water” flooding one of the library’s three rooms.

While none of the volumes were priceless manuscripts, they were key reference works for experts on ancient Egypt.

This incident has sparked fresh criticisms of the Louvre’s infrastructure, with art specialists noting the department had long sought funds to protect its collections.

Reporting by Pavitra Ravi.

Want more from The Daily Aus? Listen to our podcast!

Over the weekend, Netflix announced it was acquiring Warner Bros. for over $AU100 billion in a deal that has significant ramifications for the media landscape in Hollywood and beyond.

In today’s podcast, we’ll explain what we know about the deal itself, why everyone is talking about it, and what it means for all of us Netflix watchers.

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