02/05

2 May 2023

Morning!

I just wanted to give you the heads-up that TDA is changing the platform we use to send you this newsletter so that we can continue to provide the best possible experience.

"Why do I care?" I hear you whisper through the computer.

Well, dear reader, it means that over the next week or two the newsletter might land in your spam/junk folder. We hope that won’t happen, but if it does just mark it as “not spam” and reply to let us know you’ve received it!

If you have any issues or questions just reach out to us at [email protected]

Have a fab Tuesday!

I've got 10 seconds

The quote
"I think that giving this Voice a right to make representations effectively to everyone on everything is going to make government much more difficult than it already is" - Former Prime Minister Tony Abbott speaking to a parliamentary inquiry about the proposed Indigenous Voice to Parliament.

The stat
$USD50,000
The price of a single ticket to the Met Gala.

Today in history
2011: Osama bin Laden, founder of al Qaeda, was killed by U.S. Special Forces in Pakistan.

I've got 30 seconds

Some headlines from this morning:

  • MasterChef judge Jock Zonfrillo has died aged 46, his family and Network 10 confirmed on Monday. Zonfrillo joined MasterChef Australia in 2019, and is survived by his wife and his four children. In a statement, his family asked those who knew Zonfrillo to "keep this proud Scot in your hearts when you have your next whisky". MasterChef will not air this week.

  • The Federal Government is set to announce a major crackdown on vapes. It includes restrictions on flavours, colours and nicotine volumes, and measures to limit what the Government calls a "black market in illegal vaping". Health Minister Mark Butler will outline the changes in a speech at the National Press Club later today.

I've got 1 minute

Bottle shops in Adelaide's CBD have been restricted from selling some wine and spirits under a four-week trial initiated over fresh concerns of alcohol-fuelled anti-social behaviour.

The restrictions were implemented by the South Australian Liquor and Gambling Commissioner, Dini Soulio, and began on Good Friday (7 April) last month.

Soulio will meet with bottle shop licensees, police, and local council to determine the success of the restrictions this week. They'll also propose new long-term measures to curb alcohol use in the CBD.

What did it ban?
The sale of large-volume (four or five litres) or fortified wine casks are banned under the new restrictions.

Daily limits on the amount of wine and spirits that can be purchased were also put in place.

This meant only one two-litre wine casks, two 700ml bottles of spirits, or a single one-litre spirits bottle could be bought by one person per day.

Why's it happening?
Soulio said the trial was undertaken to "mitigate anti-social behaviour as a result of excessive liquor consumption in the CBD". It was supported by the SA Government's Safety and Wellbeing Taskforce.

He said "most" bottle shops in the CBD were already restricting the sale of some of the wine and spirits that were banned under the trial.

Parliament response:
SA Premier Peter Malinauskas has said there's "always a need" to respond to alcohol-fuelled violence, and it was "reasonable to take measured steps to stop that where we can".

SA Opposition leader David Speirs said measures to address alcohol-fuelled violence and anti-social behaviour in the city were a "good thing", saying some areas, such as Adelaide's North Terrace, are "getting pretty grim".

I've got 2 minutes

The Federal Government has announced it will help to fund the construction of a new stadium in Hobart alongside the Tasmanian Government.

The announcement is expected to pave the way for a Tasmanian AFL team. Tasmanian Premier Jeremy Rockliff says the state has been "hoping and dreaming" to have its own team for decades, but the project has been criticised for its cost.

The stadium:
The Tasmanian Government is proposing to build an 'entertainment precinct' at Hobart's Macquarie Point including a new stadium. The proposal will also see new housing built on government-owned land at Regatta Point.

The Tasmanian Government has committed $375 million to the project. Prime Minister Anthony Albanese has announced the Federal Government will contribute $240 million. The Federal Government will also contribute $65 million to redevelop a stadium in Launceston.

The AFL:
AFL CEO Gillon McLachlan has lobbied for the new stadium, which he has said is needed for Tasmania to be granted a licence as the AFL's 19th team.

The AFL will formally seek approval for a Tasmanian team from the existing 18 clubs in the coming days. At least 13 clubs would need to object for the proposal to fail, so this is expected to be a formality.

It comes as McLachlan's replacement as CEO, Andrew Dillon, was announced earlier today. McLachlan announced his intention to step down a year ago but has consistently delayed his exit.

Criticism:
The State Opposition (Labor) opposes the stadium. So do the Greens and several Federal politicians from Tasmania including Jacqui Lambie, Andrew Wilkie and five Liberals.

The State Opposition has accused the Tasmanian Government of neglecting the state's housing crisis. Rents have increased by over 40% in the last four years in Tasmania, by far the fastest increase of any state.

Give me some good news

Hannah Green won her first major golfing competition since 2019 earlier this week.

Green, who is from Western Australia and competed at the 2020 Olympics, won the JM Eagle Championship in Los Angeles after defeating two other competitors in a three-way playoff.

Today's podcast

A message from our sponsor

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A TDA tidbit

A group of Adidas shareholders will take legal action over the company's dealings with Kanye West.

West began working with Adidas in 2013, but the partnership was ended by Adidas in October last year following a string of anti-Semitic and racist comments by West.

Some of the investors allege Adidas knew about West's inappropriate behaviours years before the deal was terminated, but didn't take any steps to inform shareholders of the harm this could cause to the business.

The class action cited a comment West made in 2018 suggesting U.S. slavery was a choice for enslaved people. Anti-Semitic comments to Adidas staff members, including expressing a desire to name an album after Adolf Hiter, was also listed in the court documents.

The class action is on behalf of those that bought Adidas shares between 2018 and 2023.

In case you missed it

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