On Tuesday at 7.30pm Josh Frydenberg will hand down the federal budget
His focus is on supporting the economy to recover from Covid-19 pandemic
Treasurer also set to announce axing of threshold for employers to pay super
Means workers do not need to earn $450 a month before employers contribute
Worker on $400 a month is $450 better off within a year of change being made
Working parents, average income earners and Aussies with relatives in aged care are set to be big winners from Tuesday s federal budget.
Treasurer Josh Frydenberg will deliver his second budget speech in six months at 7.30pm on Tuesday as he aims to rebuild the economy after the coronavirus pandemic.
Mr Frydenberg has already promised more big spending next financial year, with Deloitte predicting a budget deficit of $87 billion, a figure well below this year s estimated $167 billion shortfall. We won t be undertaking any sharp pivots towards austerity. We want more people in jobs and in better paying jobs. This is what our fiscal strategy is designed to achieve, he said in a speech last week.
[co-authors: Lilly May, Michael Kralic]
There have been a number of policy and funding developments applicable to the hydrogen energy industry in Australia since the release of K&L Gates
The H
2 Handbook in October last year. These developments have come at both commonwealth and state level and highlight the current governmental appetite to foster the emerging Australian hydrogen industry and to position Australia as a global hydrogen leader.
This article reflects on the state of play across Australia, providing a high level consolidated overview of these updates and supplementing the Australian chapter of
The H
Australian Policy Updates
New South Wales
Rio Tinto’s ISAL smelter certified for responsible aluminium production
ISAL smelter in Iceland.
(Image courtesy of Rio Tinto).
Rio Tinto (ASX, NYSE, LON: RIO) announced that its 52-year-old ISAL smelter in Iceland received a responsible aluminium production certification from the Aluminium Stewardship Initiative (ASI).
The Initiative is a 160-member global, multi-stakeholder, non-profit standards setting and certification organization that works towards the responsible production, sourcing and stewardship of aluminium following an entire value chain approach.
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Rio’s recent certification indicates that the ISAL smelter’s product meets environmental, social and governance standards. The designation has a provisional status and follows an independent, third-party desktop audit by ERM CVS.
NSW) Government published the NSW Net Zero Industry and Innovation Program (
Program) as part of the NSW Net Zero Plan Stage 1: 2020-2030, which aims to achieve a 35% reduction in emissions compared to 2005 levels. AU$750 million will be invested under the Program by 2030 to help realise that aim.
The Program has three areas of focus:
Clean Technology Innovation - supporting the development of emerging clean technologies, including hydrogen. AU$195 million has been earmarked for this area.
New Low Carbon Industry Foundations - creating the foundations for low emissions industries by building infrastructure and expanding the capability of supply chains. AU$175 million in funding has been allocated for this objective.