What we learned: Monday 11 May
We will wrap up the live blog here on budget day eve. This is what made the news:
Anthony Albanese said the Farrer byelection was “devastating” for Angus Taylor and his Liberal party, criticising the Coalition for adopting One Nation “lite” policies, and preferencing their candidate.
Barnaby Joyce says One Nation is on the up and up, and will “go for government” but will not go into coalition with the Liberal and National parties.
Ted O’Brien, the shadow foreign minister and former deputy leader under Sussan Ley, said the Liberal party will learn the lessons of Saturday’s byelection loss – but that won’t involve looking towards a coalition with One Nation.
The NSW premier, Chris Minns, says Labor will be under pressure in some seats from One Nation at the March 2027 state election, after the party’s historic victory in the federal byelection in Farrer.
LNP MP Colin Boyce now says he is “absolutely committed to the National party” despite telling Guardian Australia over the weekend that he was reconsidering his political future after the Farrer byelection result.
Tim Wilson is trying to pin the government down on breaking its promises not to touch negative gearing and capital gains tax discounts, accusing Anthony Albanese of “deceit and betrayal” of voters.
Tomorrow night’s federal budget will include $500m in new funding for faster approvals for housing, energy and critical minerals projects, part of changes to national environment laws.
The Greens leader, Larissa Waters, says the “time for tinkering is long gone” as she demands ambitious reform to fix the housing crisis in Tuesday’s budget.
The body believed to be that of alleged Lake Cargelligo triple murder Julian Ingram has been found next to a Ford Ranger 100km north of the NSW town.
Five Australians and one New Zealander will quarantine for at least three weeks in Perth when they arrive back in Australia from a cruise ship struck with Hantavirus infections.
Top Australian law firm, MinterEllison, has cut nearly a third of its graduate positions, citing artificial intelligence.
The local share market has slipped after the US rejected Iran’s latest peace proposal to end the Middle East war.
Rising fuel prices have hit Australia Post, with the service setting a 19.5% surcharge for the month of June.
We’ll be back again tomorrow with all the news from the Albanese government’s latest budget.
Updated
Youth homelessness funding boost in tomorrow’s budget
Tuesday’s budget will include more than $59m in new funding to help young Australians access securing housing.
The funding will go to community housing providers to help house young people on Youth Allowance or Abstudy, payments which are less than Jobseeker, the age pension and disability support pension.
As a result, young people are now one of the groups most at risk of homelessness in Australia, with 19- to 24-year-olds experiencing the highest homelessness rate of any age cohort.
The social services minister, Tanya Plibersek, said the funding would help as many as 4,000 people per year by 2028-29.
“When a young person has a safe place to live, everything else becomes more possible – education, health, and stable employment,” she said.
This investment is about unlocking safe and secure housing for vulnerable young Australians so they have the solid foundation they need to build strong, secure and independent lives.
Updated
