Australian politics live: Trade minister says Coalition MPs walked out of meeting on EU trade deal; RBA warns staff to accept pay deal or miss out

Follow the day’s news live. Get our breaking news email , free app or daily news podcast Australia missing out on $45bn of revenue from resources: Greens As Labor prepares to introduce its bill for a gas reserve, the Greens are pointing out that there are tens of billions being l

Follow the day’s news live. Get our breaking news email , free app or daily news podcast Australia missing out on $45bn of revenue from resources: Greens As Labor prepares to introduce its bill for a gas reserve, the Greens are pointing out that there are tens of billions being left on the table because the government won’t properly tax the resource. We’re giving away billions in resource wealth while families struggle to pay the rent, put food on the table and afford basic healthcare.

Labor can find billions to prop up the fossil fuel industry, but when it comes to making corporations like Santos, Woodside and Adani pay a fair return, suddenly it’s all too hard. The prime minister has a kink for punishing small businesses and a fetish for humiliating his treasurer. So I say this is a consistent pattern of behaviour where the prime minister constantly goes in, overrides his treasurer, humiliates him in public.

I suspect it’s going to sour the relationship somewhat. Continue reading...