Peter Dutton’s opposition also puts up new roadblocks to potential deal on government’s aged care reforms
Peter Dutton’s opposition has withdrawn from negotiations with the Albanese government over proposed changes to the Reserve Bank and thrown up new roadblocks to a potential deal on raising aged care fees.the Coalition would block Labor’s attempt to create a new specialist interest rate-setting board at the RBA, due to concerns the government could stack the committee. The shadow treasurer, Angus Taylor, later confirmed the report.
The treasurer said a bipartisan deal was still his “preference”, but he would prefer passing the bill with Greens’ support than dropping the bill. The Greens want the government to retain the power to override the RBA and a separate provision in the Banking Act that allows the RBA to direct banks where to lend money it creates through quantitative easing.
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