Australia is at a crucial intersection.
From a weakening economy and growing job insecurity, to the challenge of climate change and an ageing population – Australia needs a plan.
But Australia has a government that has no agenda, let alone a plan for the future.
It’s a government that is characterised by being scared of the present and terrified of the future.
So Labor is turning its focus forward – to what the Australian people need so they can build a safe, prosperous and secure future.
And we’ll be guided every step of the way by our values: Labor values.
That’s why today, I began laying down the framework that will guide the policies that Labor will take to the election.
This one focused on the very heart of Labor’s mission: jobs and the future of work.
And I wanted you to hear directly from me about how Labor can lead Australia confidently into the future.
In my speech today, I outlined the ways that Australia can prepare for the future of work, including:
Embracing a new manufacturing boom — and all the jobs that will come with it — by becoming a green energy superpower
Exporting the minerals that will fuel the clean energy economies of the future – minerals like lithium, which is used in electric cars and batteries
Beginning a new national project to repair our TAFE and training system by establishing Jobs and Skills Australia – a real, genuine partnership between unions, business, government and TAFE to make sure workers are getting the skills they need for the jobs of tomorrow
Changing the culture of workplaces so unequal pay, segregation, sexual harassment and discrimination are things of the past – and that women can be seen on construction or mining sites as equally as men are seen in our places of care
Supporting Australia’s creative industries – hamstrung by cuts, lack of investment and outdated policy settings – because imagination and creativity are two of Australia’s other great renewable resources
Making sure workers in the gig economy are protected just as much as workers in more traditional industries
We know Australia can’t assume economic success is inevitable.
We can watch the tidal wave of change coming and be swept away by it – or we can protect our citizens by giving them a fair shot at a prosperous future.
But Labor doesn’t believe that Government should simply get out of the way and leave it to the market alone. We know that trickle-down economics only rains down misery on working people.
Australians can build a safe, prosperous and secure future if we establish the conditions in which their own efforts are rewarded.
In the coming decades, we need to create the conditions to prosper in our changing and dynamic world.
There is absolutely no sign that the Morrison Government even understands this challenge, let alone possesses the will to tackle it. They are complacent and have no plan.
Labor is prepared to take it on.
We know we can do this as long as we work together and present a vision for the future.
Because whatever the economic challenges we face, a fair day’s work for a fair day’s pay is still a concept worth aspiring to
Month: October 2019
AUSTRALIAN CHILDREN MUSIC FOUNDATION’S (ACMF) NATIONAL SONGWRITING COMPETITION – WINNERS ANNOUNCEMENT St. Pius
Judging is complete, and the results are in for the long-standing Australian Children’s Music Foundation’s (ACMF) National Song writing Competition 2019.
Now in its 17th year, the competition has inspired over 28,000 students across Australia to take the opportunity for self-expression, and enter their original song composition.
ACMF CEO and Founder, Don Spencer says, “Song-writing is a highly creative process. We want children to free their imagination, and engage with learning in a fun way.”
With four categories, and two exciting new awards for students from Year 4 to Year 12 to enter — the calibre, content, and talent behind the songs continue to astound its panel of judges.
This year saw the introduction of two new awards: APRA AMCOS Young Songwriter of the Year; and Songwriting School of the Year. The ACMF are thrilled by the on-going commitment from APRA AMCOS to encourage young songwriters. With the introduction of Songwriting School of the Year, the ACMF emphasise the importance of music education within Australian schooling.
This year’s judging panel met at APRA/AMCOS’ Sydney office this month to review over 80 songs, shortlisted from thousands of submissions nationally. Judges assessed various aspects of each song, including their lyrics, melody, song structure, and originality.
The 2019 competition is sponsored by supporting partner:, APRA AMCOS, Ampal, and oOh! Media. Winners will receive substantial prize money to be put towards music education, tuition and more.
The National Song writing Competition is an extension of what the ACMF achieves through its free music programs – within schools, hospitals, and juvenile justice centres across Australia.
The Foundation inspires creativity and imagination by providing life changing long term music education to disadvantaged children and youth at risk.
The ACMF’s nationwide creative competition comes at a time when the remarkable cognitive benefits of music education, particularly in learning and early-childhood development, are being more publicly recognised and explored.
Winners of the ACMF’s 2019 National Song writing Competition are as follows:
Category | First | Second | Third | Highly Commended |
4 – 6 | Samuel Stephens – ‘Nanna Jean (Taree, NSW) | Claudia Pitts – ‘Tashi Tree (Montrose, VIC) | Gabriella Aarons, and Benjamin Fram – ‘Stuck on the Sidewalk (St Ives, NSW) | Nina Collie – ‘Leadbeater Possum’ (The Patch, VIC) and Jaz Fennell – ‘Kindness’ (Ashmore, QLD) and Yasmin Taunton – ‘Girls have the right to say no’ (Georges Hall, NSW) |
7 – 10 | *Ashton Masters – ‘The devil’s play thing’ (Huntleys Point, NSW) | Esme Stripp – ‘All the things I can’t tell you (Brighton East, VIC) | Sophia Angilletta – ‘Piece of my emotion’ (Newtown, NSW) | Bennita Rodda – ‘We are glorious (Maitland, SA) and Teagan Klooger – ‘Teenage Years’ (Werribee, VIC) and Ruby Archer – ‘But they’re only my dreams’ (Erina Heights, NSW) |
11 – 12 | **Samantha Timcke – ‘Paper People’ (Adelaide, SA) | Lauren Studley – ‘Falling Again’ (Melbourne, VIC) | Taylah Silvestri – ‘Somehow’ (Adelaide, SA) | Noah Ryland – ‘Leaves’ (Melbourne, VIC) and The Leftovers Band – ‘One in a million’ (Trafalgar, VIC) and Emily Grace – ‘Bad Intentions’ (Adelaide, SA) |
*Also Winner of Allan Kendall Award 2019: A special award for most creative and original across all categories
**Also Winner of APRA AMCOS Young Song writer of the year 2019
Special Awards | WINNER | |
Alan Kendall Award 2019 | Yearly special award for most creative and original across competition | Ashton Masters – ‘The Devil’s Play Thing’ (Huntleys Point, NSW) |
APRA AMCOS Young Song writer of the Year 2019 | Newly introduced award sponsored by APRA AMCOS – $5,000 toward supporting one song writer | Samantha Timcke – ‘Paper People’ (Adelaide, SA) |
Song writing School of the Year 2019 | Newly introduced award category – $5,000 toward supporting one school music program | St Pius X High School – Unplug and Connect (Adamstown, NSW) |
Unplug and Connect
By Cooper Lloyd and Frankie Parris
Chorus:
What is happening to our world
Society has been all curled
We need to change all of this now
Don’t want to leave this world with a frown
Verse 1
Everybody always looking down at their devices
That is one sign that humans are going through a crisis
We’re thinking why should we consider the feelings of others
This is hurting all your friends, siblings, fathers and mothers.
Get off the screens, it’s now or never,
There isn’t a lot of time to spend together,
Thanks to technology, you’re not being you,
Thanks to technology, you feel more blue.
You find it hard to get outside and fly a kite
You can’t see the whiteboard due to bad eyesight,
An innovative invention has ruined who we are,
We gotta stop this now, we’ve taken it too far.
Chorus:
What is happening to our world
Society has been all curled
We need to change all of this now
Don’t want to leave this world with a frown
Verse 2
When you played outside last, you probably won’t remember
You’ll say something like ‘Oh, maybe last September’
I’ll then say to you ‘You’re not the only one
We need to get outside we need soak up the sun’.
Go to the pool, have a dip in the water
Go with your family, cause you can spend a quarter
Of your day having fun, care free
Do it for yourself, and do it for the
Seven billion people who will follow your actions,
Show the world what you’re made of, just like Michael Jackson,
If you don’t spread your wings, you’re making it hard for yourself,
It will make you happier, it will boost your health.
Chorus:
What is happening to our world
Society has been all curled
We need to change all of this now
Don’t want to leave this world with a frown
Bridge
Trying to hide your emotions
Trying to keep it all in
Hiding away from those special moments
Living like this you feel so broken
Chorus:
What is happening to our world
Society has been all curled
We need to change all of this now
Don’t want to leave this world with a frown
SMOKE ADVISORY – #NEWCASTLE, #SYDNEY, #ILLAWARRA
North-easterly winds are pushing the smoke along the coast to areas including Newcastle, Sydney and the Illawarra.
The smoke is expected to settle in these areas and may continue for the next few days.
NSW Health reminds people that children, older adults and people with heart and lung conditions are most susceptible to the effects of air pollution and excessive smoke.
If you have asthma or a lung condition, reduce outdoor activities if smoke levels are high and if shortness of breath or coughing develops, take your reliever medicine or seek medical advice.
Asthma sufferers need to follow their Asthma Action Plan and take their relieving medication where necessary. If symptoms get worse, seek medical advice. Further advice is available from the Asthma Foundation website. https://www.nationalasthma.org.au
Australian Greens Support Kashmiris on Black Day
The Australian Greens support the Kashmiri community on 27 October as they commemorate Black Day. Kashmir is a disputed territory and it is now almost three months since the Indian Government decided to revoke its special status and further erode Kashmiris’ right to self-determination.
The Indian Government must restore basic human rights in Kashmir, including freedom of speech and communication. The Indian Government must also lift curfews and restrictions placed on political leaders, end arbitrary detentions and disappearances, allow humanitarian organisations to resume their work, and reverse the decision to drastically reduce the autonomy of Kashmir.
Once again, the Greens urge the Australian Government to speak out and call on the Indian Government to respect the human rights of the people in Kashmir and their right to self-determination. The people of Kashmir have been waiting long enough for a free and fair plebiscite to determine their future.
Racing Victoria Plan Fails Horses: Greens
Greens Animal Welfare Spokesperson, Senator Mehreen Faruqi, has responded to Racing Victoria’s announcement of a $25m “equine welfare” plan.
Senator Faruqi said:
“The racing industry is attempting to head off a meaningful scrutiny with nice-sounding words and the bare minimum in funding.
“Any move to improve animal welfare for horses is a step forward but the plan from Racing Victoria is not good enough. They’ve moved barely an inch after being exposed as an industry whose business model relies on the industrial scale slaughter of horses.
“The public has seen the horrific abuse and slaughter of racehorses and are rightfully demanding that the industry show responsibility, accountability and transparency.
“The racing industry must safeguard the wellbeing of the horses they breed for the whole of their natural lives.
“Racing Victoria’s plan to subsidise ‘on farm euthanasia’ shows the industry isn’t prepared to tackle their over-breeding.We must introduce breeding caps and give all racehorses a dignified retirement funded by the industry that breeds them.
“The Federal government must urgently establish a Royal Commission to lift the lid on the dirty secrets of this billion-dollar racing and gambling industry. A piecemeal approach by the states is not going to get to the bottom of what the industry knew and when,” she concluded.
New Data Confirms Liberals’ Damage To Unis: Greens
Greens spokesperson for education, Senator Mehreen Faruqi, has said the release of new data today shows the harm the Liberal Government’s neglect and austerity has done to universities.
The selected Higher Education Statistics – 2018 Student data shows Commonwealth supported student places growing by only 0.5% in 2018 compared to an average of 2.1% across the three years prior.
The undergraduate Applications, Offers and Acceptances 2019 data shows:
- “In 2019, applicants from a low SES background recorded a larger decrease (-3.9 per cent) in applications than applicants from a medium SES and high SES backgrounds, -2.0 per cent and -1.0 per cent respectively.”
- “In 2019, offers to applicants from a low SES background decreased by 5.0 per cent followed by those from a medium SES background (-2.9 per cent) and high SES background (-0.3 per cent).”
- “There were 276,489 unique offers made in 2019, a decrease of 1.5 per cent on the previous year. This follows a decrease of 1.9 per cent in 2018.”
Senator Faruqi said:
“This data shows the terrible impact of the Liberal Governments’ punitive funding freeze, with Commonwealth supported student places growing by only 0.5% in 2018 compared to an average of 2.1% across the three years prior.
“Students have missed out on the opportunity to study because of the Liberals cuts to funding over the last few years. The measly funding increase the Liberals have now tied to misguided performance measures isn’t going to fix the problem.
“The Liberals’ cuts are hitting low SES students the hardest. While offers for admission reduced overall, offers to low SES students decreased by 16 times the decrease in offers to high SES students in 2019.
“The Government has to take responsibility for years of vicious cuts to education, including their short-sighted decision to abolish the Education Infrastructure Fund a fortnight ago.
“As with TAFE, Government austerity and neglect is undermining our public universities which are crucial to all of our futures.
“Instead of running higher education into the ground, the Government should get on board with the Greens’ plan to fund free undergraduate university and TAFE for all and boost university funding by 10 per cent. Our plan would improve learning and teaching conditions, reduce class sizes and enable researchers to pursue solutions to the big problems of our time,” she concluded.
Ensuring the future of reliable electricity supply for NSW
The Morrison and Berejiklian Governments are delivering reliable and affordable energy, making the New South Wales-Queensland Interconnector (QNI) happen.
The Commonwealth and New South Wales Governments will jointly underwrite up to $102 million of the QNI upgrade to ensure the security of electricity in NSW.
This will allow TransGrid, the network transmission service provider for NSW, to fast track critical early works for QNI ahead of the final regulatory determination of the Australian Energy Regulator (AER).
Prime Minister Scott Morrison said the decision to underwrite QNI will unlock important transmission infrastructure and back the future of the New South Wales energy grid.
“This is about putting downward pressure on wholesale prices to make sure businesses and households have access to reliable and affordable power.
“Industry needs certainty. They need to know their electricity won’t cut out, and their power bill won’t suddenly double. You can’t run a business like that, and you can’t employ people.
“That’s why we are underwriting this interconnector. It’s a practical step to make sure it happens, and it happens quickly,” said the Prime Minister.
NSW Premier Gladys Berejiklian said the NSW Government is committed to providing reliable and affordable electricity to the people of NSW.
“The QNI upgrade will ease cost of living pressures for people across NSW, providing reliable and affordable power to households and businesses,” Ms Berejiklian said.
“Last year, the NSW Government announced its Transmission Infrastructure Strategy which outlined our commitment to accelerate the delivery of key interconnector projects, including the QNI.”
Mr Taylor said the support will put downward pressure on wholesale prices and deliver essential transmission for the NSW industries and jobs that rely on affordable, reliable energy.
“The QNI upgrade will facilitate greater competition between generators in the electricity market, helping to reduce wholesale prices,” said Mr Taylor.
“This is great news for the energy-intensive industries, and the jobs and regional economies that rely on them. With wholesale prices making up around a third of an average retail electricity bill, this will also deliver price relief for households and small businesses.
“Along with the Victoria-New South Wales Interconnector (VNI), this will strengthen the backbone of the National Electricity Market, reduce network bottlenecks and make the energy market more efficient.”
Mr Kean said the new agreement with the Australian Government and TransGrid is the most cost-effective option for the people of New South Wales up to, and after, the closure of the Liddell power station in April 2023.
“Fast tracking QNI is just one of the ways we’re delivering on our commitment to keep the lights on and to keep power costs down as the energy market transitions,” Mr Kean said.
This program compliments work that TransGrid will progress on the VNI – which will further increase competition as well as removing constraints that prevent generation from getting to where it’s needed.
The Commonwealth Government will share the underwriting liability with New South Wales through a 50/50 split.
The Morrison and Berejiklian Governments are working closely as part of the Liddell Taskforce to mitigate other potential supply risks from the closure of Liddell.
The NSW–Queensland transmission interconnector was declared a high-priority project under the Australian Energy Market Operator’s Integrated System Plan. Through this joint agreement, upgrades to QNI will be brought forward to late 2021, delivering an extra 190 MW of capacity into NSW during peak demand periods.
Regulatory approval processes for QNI are already well progressed due to the New South Wales Government’s Transmission Infrastructure Strategy, with further action needed to ensure QNI is fully operational by the summer of 2022–23.
Supporting First Home Buyers
The Coalition Government has today released for consultation the draft Investment Mandate for the First Home Loan Deposit Scheme (the Scheme) which will help eligible first home buyers enter the property market sooner.
The National Housing Finance and Investment Corporation (NHFIC) Investment Mandate Amendment (First Home Loan Deposit Scheme) Direction 2019, sets out the core elements of the Scheme and NHFIC’s housing research function, including the property price caps.
The Scheme provides a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent. The Scheme will support up to 10,000 loans each financial year, starting from 1 January 2020.
Applicants will be subject to eligibility criteria, including having taxable incomes up to $125,000 per annum for singles and up to $200,000 per annum for couples. The Scheme will apply to owner-occupied loans on a principal and interest basis.
Property price caps under the Scheme set appropriate price thresholds in capital cities, large regional centres with a population over 250,000 and regional areas;
State/territory | Capital city and regional centres | Rest of state |
NSW | $700,000 | $450,000 |
VIC | $600,000 | $375,000 |
QLD | $475,000 | $400,000 |
WA | $400,000 | $300,000 |
SA | $400,000 | $250,000 |
TAS | $400,000 | $300,000 |
ACT | $500,000 | – |
NT | $375,000 | – |
The capital city price caps will apply to large regional centres with a population in excess of 250,000, namely the Gold Coast, Newcastle and Lake Macquarie, the Sunshine Coast, Illawarra (Wollongong) and Geelong, recognising that dwellings in large regional centres tend to be significantly more expensive than other regional areas.
The Scheme complements other Coalition Government initiatives to reduce pressure on housing affordability in Australia and support local communities. This includes:
- The First Home Super Saver Scheme which helps Australians build a deposit for a first home inside their superannuation fund by making voluntary contributions.
- Investing $1 billion in local infrastructure to unlock new housing supply, in partnership with local councils through the National Housing Infrastructure Facility.
- Releasing suitable Commonwealth land, including defence land, for housing development.
These incentives have helped thousands of first home buyers enter the market. In the past year, around 110,000 Australians bought their first home – the highest level since 2009.
The Coalition Government’s plan to build a stronger economy will continue to help first home buyers own their first home sooner.
Stakeholders are invited to comment on the draft Investment Mandate Amendment and associated material, which are available on the Treasury website. Submissions close on Monday, 4 November 2019.
NSW GOVERNMENT WEEKLY UPDATE – 25 OCTOBER 2019
CONSTRUCTION OF THE WESTERN SYDNEY METRO TO START NEXT YEAR
Construction will soon begin on the Western Sydney Metro, with seven station locations confirmed – a project that will slash travel times between Parramatta and the Sydney CBD down to around 20 minutes.
The locations of seven proposed Metro stations have been confirmed at Westmead, Parramatta, Sydney Olympic Park, North Strathfield, Burwood North, Five Dock and the Bays Precinct.
Western Sydney Metro will more than double the existing rail capacity between Greater Parramatta and the Sydney CBD and slash travel times between Parramatta and the Sydney CBD to around 20 minutes
The project is also anticipated to create approximately 10,000 direct and 70,000 indirect jobs.
BACK TO BASICS: STUDENTS TO FOCUS ON MATHS, ENGLISH AND SCIENCE
The NSW school curriculum is set for its first major shakeup in over a generation, with a renewed focus on maths, English and science, following the release of the interim curriculum review.
“The NSW Government strongly supports a back to basics approach,” Ms Berejiklian said.
“Students need to have strong foundations in maths, English and science to be prepared for the jobs of the future and for attaining lifelong skills.”
This is the first review of the curriculum to be done in 30 years. Students need to be equipped with strong literacy and numeracy foundations to succeed in the 21st Century.
MATHS TO BE COMPULSORY FOR STUDENTS
Maths will be compulsory for all students in the revised NSW curriculum to ensure students are prepared for the jobs of the future.
NSW Government is working to make maths compulsory from Kindergarten to Year 12 to ensure students have the numeracy skills required to succeed in today’s society.
Earlier this week the interim report into the NSW Curriculum Review was released signalling the start of the biggest shakeup to the NSW curriculum in over 30 years.
NEW CURRICULUM MAKING IT EASIER FOR STUDENTS TO TAKE UP A TRADE
School leavers will benefit from an accelerated pathway from Year 12 to TAFE NSW with the NSW Government announcing a new program to incentivise study at TAFE. The program will make it more attractive for high school students to take up a trade or apprenticeship by allowing students to receive recognition for what they have already learnt at school.
RAISING THE STANDARDS OF MATHS TEACHING IN NSW
People wanting to teach maths in NSW primary schools will need to have achieved at least a Band 4 or equivalent in Maths for the HSC Minister for Education and Early Learning Sarah Mitchell.
From 2021, students sitting the HSC will need to achieve at least a Band 4 in maths to become a primary school teacher in NSW.
NSW GOVERNMENT PROVIDES CERTAINTY FOR MINING INVESTMENT
The NSW Government will introduce a package of measures to prevent the regulation of overseas, or scope-three, greenhouse gas emissions in local mining approvals.
The proposed legislation will clarify the concerns around the export of coal after a recent decision by the Independent Planning Commission to impose a scope-three emissions condition on its approval of the United Wambo coal project.
The mining sector is a major employer in regional NSW, driving investment opportunities and job creation and the Government’s changes deliver certainty for mining companies and investors across the State.
These changes will help restore NSW law and policy to the situation that existed prior to the Rocky Hill decision and will provide the mining sector with greater certainty
MORE NSW HOUSEHOLDS TO BENEFIT FROM SOLAR
Up to 3,000 low income households in five areas will be offered a free rooftop solar system and installation worth $4,000 in a NSW Government funded trial that will also shave more than $300 a year off their energy bills.
The NSW Government has committed $15 million to reduce the impact of high energy prices, particularly for vulnerable low-income households.
STRONG FOUNDATIONS SET FOR BUILDING REFORM
The NSW Government continues to deliver on its promised suite of reforms to the building and construction industry, with the introduction of the Design and Building Practitioners Bill 2019 to the NSW Parliament.
The Bill outlines key accountabilities of design and building practitioners for the first time, and aims to improve the quality and integrity of vital design documentation, relied upon by construction professionals and directly addresses the key recommendations of the Building Confidence Report.
NEW BUS CONTRACTS TO DRIVE IMPROVED SERVICES
Bus customers will receive additional services and innovative on demand options under new contracts to lift the standard of transport across Sydney.
The NSW Government will invite the world’s leading public transport operators, Australian and international, to bid for contracts for 13 of Sydney’s bus contract regions over the next three years.
The NSW Government will continue to:
- own State Transit buses and all other assets such as depots,
- regulate timetables, safety, and service priorities, and
- set fares as they are today, under the Opal system.
HITACHI: FIRST TO MOVE FROM MOU TO TENANT
One of the world’s largest companies – the Japanese conglomerate Hitachi – has signed up to be the first tenant at the Aerotropolis, with a collaboration and research centre that will generate hi-tech jobs.
The centre, based on Hitachi’s successful Kyoso-no-mori facility in Japan, will promote collaborative creation-style research between business, academics and government.
Ms Berejiklian said the ‘Kyoso’ centre would bring Hitachi’s successful ‘Social Innovation Business’ concept to Western Sydney, and was an important step towards ensuring the new Aerotropolis delivers on its promise to be a hub for innovation, research and development.
ENSURING THE FUTURE OF RELIABLE ELECTRICITY SUPPLY FOR NSW
The Morrison and Berejiklian Governments are delivering reliable and affordable energy, making the New South Wales-Queensland Interconnector (QNI) happen.
The Commonwealth and New South Wales Governments will jointly underwrite up to $102 million of the QNI upgrade to ensure the security of electricity in NSW.
This will allow TransGrid, the network transmission service provider for NSW, to fast track critical early works for QNI ahead of the final regulatory determination of the Australian Energy Regulator (AER).
Prime Minister Scott Morrison said the decision to underwrite QNI will unlock important transmission infrastructure and back the future of the New South Wales energy grid.
“This is about putting downward pressure on wholesale prices to make sure businesses and households have access to reliable and affordable power.
“Industry needs certainty. They need to know their electricity won’t cut out, and their power bill won’t suddenly double. You can’t run a business like that, and you can’t employ people.
“That’s why we are underwriting this interconnector. It’s a practical step to make sure it happens, and it happens quickly,” said the Prime Minister.
NSW Premier Gladys Berejiklian said the NSW Government is committed to providing reliable and affordable electricity to the people of NSW.
“The QNI upgrade will ease cost of living pressures for people across NSW, providing reliable and affordable power to households and businesses,” Ms Berejiklian said. “Last year, the NSW Government announced its Transmission Infrastructure Strategy which outlined our commitment to accelerate the delivery of key interconnector projects, including the QNI.”
Mr Taylor said the support will put downward pressure on wholesale prices and deliver essential transmission for the NSW industries and jobs that rely on affordable, reliable energy.
“The QNI upgrade will facilitate greater competition between generators in the electricity market, helping to reduce wholesale prices,” said Mr Taylor.
“This is great news for the energy-intensive industries, and the jobs and regional economies that rely on them. With wholesale prices making up around a third of an average retail electricity bill, this is will also deliver price relief for households and small businesses.
“Along with the Victoria-New South Wales Interconnector (VNI), this will strengthen the backbone of the National Electricity Market, reduce network bottlenecks and make the energy market more efficient.”
Mr Kean said the new agreement with the Australian Government and TransGrid is the most cost-effective option for the people of New South Wales up to and after the closure of the Liddell power station in April 2023.
“Fast tracking QNI is just one of the ways we’re delivering on our commitment to keep the lights on and to keep power costs down as the energy market transitions,” Mr Kean said.
This program compliments work that TransGrid will progress on the VNI – which will further increase competition as well as removing constraints that prevent generation from getting to where it’s needed.
The Commonwealth Government will share the underwriting liability with New South Wales through a 50/50 split.
The Morrison and Berejiklian Governments are working closely as part of the Liddell Taskforce to mitigate other potential supply risks from the closure of Liddell.
The NSW–Queensland transmission interconnector was declared a high-priority project under the Australian Energy Market Operator’s Integrated System Plan. Through this joint agreement, upgrades to QNI will be brought forward to late 2021, delivering an extra 190 MW of capacity into NSW during peak demand periods.
Regulatory approval processes for QNI are already well progressed due to the New South Wales Government’s Transmission Infrastructure Strategy, with further action needed to ensure QNI is fully operational by the summer of 2022–23.