Ndis

• On July 13, Japanese and South Korean stock markets experienced a "Black Monday" characterized by extreme volatility and sharp declines. • The South Korean KOSPI plunged more than 8%, triggering circuit breakers, while the Nikkei 225 fell nearly 2%. • Major tech firms faced indiscriminate selling, with SK Hynix plummeting 15%, Samsung dropping over 10%, and Kioxia falling more than 12%.

The victory may have dinged Labor’s chances of easily passing its significant cost-cutting reforms to the NDIS through the Senate in AugustGet our breaking news email, free app or daily news podcastThe government scored a crucial win on Tuesday, securing support for its tax changes through the Senate. But that victory may have dinged Labor’s chances of easily passing its other major budget measure – significant cost-cutting reforms to the NDIS – through the Senate in August.Labor’s deal with the Greens sees an inquiry into the NDIS extended for two months, with plans for new public hearings and more time for a committee process, after even the health minister, Mark Butler, admitted he had heard “confronting” evidence from the disability community fearful of losing access to key supports. Eight additional weeks of a public inquiry, spearheaded by an activist party hellbent on trying to kill this bill, is not nothing. Continue reading...

Opposition and Greens could team up to extend inquiry into changes but health minister ‘utterly convinced’ federal government’s plan is rightFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastMark Butler has doubled down on his plans to pass contentious NDIS changes as early as this month, warning the opposition against using the bill as a “pawn in a bigger game of chess” as they consider a potential deal with the Greens.The Coalition and the Greens have criticised Labor’s truncated timeline to pass NDIS, negative gearing and capital gains changes, and have signalled they could team up against the government in the Senate to extend inquiries into the bills. Continue reading...

Report by Labor-led joint human rights committee says cuts to the $50bn scheme could limit support for those in needGet our breaking news email, free app or daily news podcastSweeping changes to the NDIS appear “retrogressive” and lack alignment with a landmark independent review to improve the $50bn-a-year scheme, a Labor-led committee has found.The 57-page scrutiny report from the joint human rights committee, released on Friday, examined the proposed changes under the Albanese government ahead of a separate report due next week by a Senate inquiry. The Labor-chaired committee questioned the human rights implications of winding back access for more than 200,000 participants in the coming years, which could leave many without sufficient disability support. Continue reading...

Plan to move 240,000 people off scheme leads states and territories to jointly warn they can’t ‘deliver like-for-like services to people who are exited from the NDIS’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastState and territory disability ministers have rung alarm bells over the Albanese government’s proposed overhaul of the NDIS, warning they can’t deliver “like-for-like services” for more than 200,000 participants expected to be shifted off the scheme by 2031.The Albanese government’s national disability insurance scheme bill is designed to dramatically curb the growth of the $50bn-a-year scheme by first reducing budgets and then the number of people who can access it from 2028. Continue reading...

Survey puts Labor behind the Coalition and One Nation in state election race; advocacy groups say care burden will shift to womenGet our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it will be Nick Visser with the main action.Jacinta Allan will be feeling the heat today after a poll showed her Labor party trailing the Coalition and One Nation before November’s state election. More coming up. Continue reading...

Government hopes to rush NDIS and tax changes through parliament but opposition and minor party push for more scrutinyThe Greens want Labor to halt its plans to rush NDIS cuts through the Senate later this month, urging a longer inquiry process as the government seeks the minor party’s support for its contentious tax and housing changes.It opens the possibility of the Greens and Coalition teaming up in parliament to support extending separate Senate inquiries into both the disability insurance scheme and tax proposals, and thus delaying Labor’s hopes of passing those bills before the end of June. Continue reading...