OLIVER PETERSON, HOST: For the first time in four years, the Reserve Bank of Australia has cut the official cash rate from 4.35 per cent to 4.1 per cent, with all the major banks already following through and passing that on to you. The Prime Minister, Anthony Albanese joins me live on 6PR this afternoon. Prime Minister, welcome back to the program.
CLINTON MAYNARD, HOST: Well finally the Reserve Bank Board has made a decision to cut interest rates. This is the first reduction in the official cash rate Since November of 2020, when we were in the pandemic. The cut is from 4.35 per cent to 4.1 per cent. Now, this is good news for the Prime Minister. He may well be dancing right at the moment. Anthony Albanese joins me. Mr. Prime Minister, you must be happy.
CRAIG REUCASSEL, HOST: The Prime Minister, Anthony Albanese, joins me right now. Morning, Prime Minister.
ANTHONY ALBANESE, PRIME MINISTER: Good morning, Craig. Looking forward to being out there in Parramatta later today for the opening of your new studios.
REUCASSEL: Yes. Heading to Parramatta for the opening of the ABC, indeed. I mean, should I not be in here? Are they not opened yet? Oh, hang on, I've got to get – we've got to get out, guys. The Prime Minister hasn't opened them yet. Hasn't cut the ribbon.
STEPHEN JONES, ASSISTANT TREASURER: And I’m very, very pleased to be here with you today. I want to introduce the Prime Minister to talk to you. We've got an exciting announcement. Absolutely delighted to be with you. Prime Minister, over to you.
JOURNALIST: Obviously the topic on everyone’s lip is the tariff. I mean, how we going with those negotiations or speaking with Mr Trump?
The Albanese Government is supporting safe and connected communities throughout the Illawarra by providing $851,279 for the Shellharbour Integrated Child and Family Precinct.
The funding for planning is the first step in making this important project a reality. It will support a comprehensive business case, master plan and detailed designs for a holistic services hub to provide early childhood and family support services in one accessible location.
More support is being provided into North Queensland, with more than $100 million in extraordinary grants now available for flood affected primary producers, small businesses and not for profit agencies across flood affected areas.
The grants are the next round of disaster assistance activated by the Albanese and Crisafulli Governments to support recovery and resilience for North Queensland communities impacted by recent flooding.
The package activated today includes:
I begin by acknowledging the traditional owners of the land on which we meet, and I pay my respects to Elders past, present and emerging.
It is one of my greatest honours as Prime Minister to be here every year.
Of course, we wish that we weren't commemorating the apology, because we wish there wasn't a need for that apology to occur.
But indeed, of course, there was.
I particularly want to welcome the survivors who honour us with your presence here this morning.
KRISTY MCBAIN, MINISTER FOR REGIONAL DEVELOPMENT: Well, welcome everybody to beautiful Merimbula Airport in the mighty Eden-Monaro, where today I'm extremely pleased and grateful to the Prime Minister Anthony Albanese for coming here. To Transport and Infrastructure Minister Catherine King, to my amazing colleague, the Member for Gilmore, Fiona Phillips, and to our local mayor, Russell Fitzpatrick.
The Albanese Labor Government is building Australia’s Future, today announcing regional Australia will continue to receive critical aviation services into the future.
The Albanese Government will work with the Administrators of Regional Express Holdings (Rex), as part of an upcoming competitive sale process, to ensure crucial regional aviation services continue beyond 30 June 2025.
We will work with shortlisted bidders on what support the Albanese Government may be able to provide to maximise the prospect of a successful sale.