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Tropical cyclone expected to make landfall in far north Queensland within hours. Follow today’s news live Get 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 Luca Ittimani with the main action.There’s plenty of news about but the main action this morning is in far north Queensland, where a huge and fierce storm is about to make landfall. Continue reading...

Treasurer plans ‘ambitious’ changes to target intergenerational inequity. Follow today’s news liveGet 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.Jim Chalmers will today promise to deliver a trio of “ambitious reform packages” in the May budget that will rebuild fiscal buffers, make the tax system fairer and lift the nation’s lagging productivity performance. The treasurer will be speaking at an event in Melbourne at 12.30pm. More coming up. Continue reading...

US president says his country does not ‘need or desire’ the help of Nato, Japan, Australia or South Korea. Follow today’s news live Get 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 Nick Visser will take the reins.After a day of grim headlines yesterday, with economists forecasting recession for Australia, Jim Chalmers has come out fighting, telling 7.30 last night “that’s not something that we’re anticipating or forecasting or expecting”. Read more in a moment. Continue reading...

Energy minister says it will take ‘some time’ for extra supply to reach regional areas. Follow today’s news liveGet our breaking news email, free app or daily news podcastThe energy minister, Chris Bowen, says it will take “some time” for the petrol and disesel released from Australia’s domestic stockpile to reach areas hit by shortages.On Friday, the Albanese government directed fuel companies to release nearly a fifth of reserve petrol and diesel supplies. Dozens of service stations across the country have run out of petrol as retailers struggle with customers panic-buying in response to skyrocketing prices from the Middle East conflict.There will be some time for it to flow through. There’s a very complicated supply chain.But it is going to have an impact. Some companies have said it will start to have an impact in coming days, to some degree. But there will be some time before it’s all released. Continue reading...

New AAA data shows petrol vehicles fell to a record quarterly low of 66.3% of sales. Follow today’s news liveGet our breaking news email, free app or daily news podcastNew data from the Australian Automobile Association (AAA) shows petrol-electric hybrid vehicles have reached record sales, while traditional fuel cars lose ground.In the fourth quarter of 2025, 55,458 new hybrids were sold, accounting for 19.13% of all new light vehicle sales. This comfortably eclipsed the previous record of 16.7% set in the September quarter of 2024. In addition, 15,411 plug-in hybrid electric vehicles were sold – 5.32% of light vehicle sales, up from its previous record of 4.82% in the January quarter of 2025. Continue reading...

Minns government introducing legislation to significantly increase penalties. Follow the day’s updates liveFuel shortages not expected, Chalmers saysJim Chalmers has told Sky the government does not expect Australia to run out of fuel amid the ongoing war in Iran. About a fifth of the world’s oil supplies travel through the Strait of Hormuz and the growing conflict has already played havoc with international prices.We don’t have a model that has petrol prices going that high, but there’s a lot of volatility and a lot of unpredictability in the global oil market.The way these things unfold is ultimately a matter for those officials to determine they’ve done the absolute best they can by these Iranian women under extreme and extraordinary pressure, and often that requires some pretty dramatic and unusual steps, like those which you’ve described. Continue reading...