THE Defence Subcommittee of the Joint Standing Committee on Foreign Affairs, Defence and Trade will conduct its first public hearing into the Department of Defence Annual Report 2023–24 today.

The Subcommittee will hear evidence from the Department of Defence, government departments, non-government organisations and the Australian public across the inquiry’s focus items:

• Sovereign Defence Industrial Priorities;
• Defence Estate, Security and Resilience;
• AUKUS;
• Uncrewed/Autonomous Systems, AI and their integration into the Joint Force;
• Progress on the transformation to an integrated focused force;
• Australian international defence cooperation and competition;
• Other issues as communicated to Defence.

Chair of the Subcommittee, Brendan O’Connor MP, said, "Parliamentary committees are an important mechanism parliament uses to keep a check on government activities and government departments, and to hear from experts and public interest groups.

"This year’s Inquiry is focusing on priorities such as Sovereign Defence Industrial Priorities, Defence Estate, security and resilience, the AUKUS trilateral security partnership, uncrewed/autonomous systems, AI and its integration into the Joint Force, progress on the transformation to an integrated focused force, and Australian international defence cooperation and competition in a rapidly changing strategic environment.'

Further information is available on the Inquiry webpage with the hearing broadcast live at aph.gov.au/live.

Public Hearing Details

Tuesday, 18 February 2024, 9am – 2:00pm (AEDT)
Committee Room 1R3, Parliament House, Canberra

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A FEDERAL Parliamentary committee inquiry has undertaken extensive consultation with stakeholders including local governments, councils and shires. The inquiry received more than 280 submissions and held 16 public hearings in regional areas.

The House of Representatives Standing Committee on Regional Development, Infrastructure and Transport has today presented its interim report for the inquiry into local government sustainability.

The vast majority of local governments that made submissions to this inquiry and participated in public hearings spoke about how their role has evolved significantly from administering roads, rates and rubbish to navigating complex regulatory environments, managing limited financial resources, and addressing diverse and sometimes competing community needs and expectations.

The interim report makes no formal policy recommendations to government but highlights these emerging themes.

Chair of the Committee, Luke Gosling OAM, MP, said, "Local governments around Australia are increasingly being called upon to provide healthcare services and housing, manage ageing infrastructure and assets, and respond to current and future climate adaptation needs. These additional responsibilities are placing a significant financial strain on local governments who are struggling to meet community expectations.

"The committee is thoroughly reviewing the substantial evidence it has received to date and carefully considering the numerous and varied recommendations put forward in the submissions aimed at improving the sustainability of local governments.

"The committee is looking forward to announcing its final recommendations in due course," Mr Gosling said.

Further information about the inquiry, including published submissions, public hearing transcripts and an interim report are available on the inquiry webpage.

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THE House of Representatives Standing Committee on Economics will hold its first biannual public hearing of 2025 with the Governor of the Reserve Bank of Australia (RBA), Michele Bullock, and other senior RBA officials on Friday, February 21.

This will be the RBA’s first parliamentary appearance following its much-anticipated February 18 monetary policy decision.

Committee Chair Daniel Mulino MP said the RBA’s Tuesday cash rate call would be closely followed, with many Australian mortgage holders eager for relief.

"We know many Australians with mortgages have been making sacrifices, holding on and hoping for interest rates to ease," Dr Mulino said.

"Whether or not the RBA cuts the cash rate target next Tuesday, the latest inflation data is extremely encouraging. It suggests the end of the road is in sight, and that efforts by both the RBA and the Government to tame inflation without massive job losses are getting the job done."

The latest monthly data shows that the RBA’s preferred measure of underlying or core inflation – annual trimmed mean inflation – dropped to 2.7 percent in December 2024, down from 3.2 percent in November.

Dr Mulino noted that this is the first time trimmed mean inflation has fallen within the RBA’s target band since December 2021.

"The monthly data can be volatile," Dr Mulino said, "but this is still a major milestone – and the quarterly data also shows a sustained downward trend."

He noted that quarterly trimmed mean inflation was at 4 percent in the June 2024 quarter, then dropped to 3.6 percent in the September quarter and 3.2 percent in the December quarter.

Dr Mulino also noted that inflation had been brought down from its December 2022 peak of more than 8 percent (in headline terms) while keeping the unemployment rate "in the very low fours – a historic achievement".

Dr Mulino said the committee looked forward to discussing the RBA Board’s latest monetary policy decision, and the possible trajectory of monetary policy in 2025 under complex and uncertain global conditions.

Dr Mulino said the committee was also interested in the RBA’s Review of Merchant Card Payment Costs and Surcharging, and its progress implementing the Government’s once-in-a-generation reforms to RBA governance arrangements, including the creation of a dedicated Monetary Policy Board.

Public hearing details

Date: Friday, 21 February 2025
Time: 9.30am – 12.30pm
Location: Committee Room 2R1, Parliament House, Canberra

The hearing will be broadcast live at aph.gov.au/live and www.youtube.com/@AUSParliamentLive.

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THE House of Representatives Standing Committee on Economics will hold a public hearing for its ongoing reviews of the Australian Competition and Consumer Commission’s annual reports 2021–2023.

Chair of the Committee, Daniel Mulino MP, said, "The ACCC has a crucial role in promoting competition and fair trading, protecting consumer rights, and ensuring competitive and well-regulated markets. The committee’s regular scrutiny of ACCC annual reports is an important mechanism for holding them accountable for their work, as well as hearing from the regulator on important and emerging issues."

Dr Mulino noted that the Economics Committee released its report into economic dynamism, competition and business formation in March 2024, and that the ACCC was significantly involved throughout that inquiry. Several committee recommendations for the ACCC on merger laws and regulation of financial services have since progressed. Dr Mulino said the committee would be interested in hearing from the ACCC on how these reforms will assist the ACCC in their work.

For example, the ACCC will acquire new powers under merger laws passed in November 2024. Once these new laws come into effect in 2026, all mergers above a certain size will need to be notified to the ACCC, and the ACCC will have increased powers to address ‘serial acquisitions’. Dr Mulino noted that these changes were recommended by the committee in its Better Competition, Better Prices report.

"With an increase in power comes an increase in responsibility," Dr Mulino said. "The committee is interested in hearing from the ACCC how these powers will help them address issues in merger law and continue in their mandate of serving the Australian market and people."

With the high cost of living a concern for so many Australian households, Dr Mulino said the ACCC’s inquiry into supermarket pricing would also be of interest. The ACCC’s last inquiry into competition in the supermarket sector was conducted in 2008, making this a long-awaited undertaking.

Dr Mulino also noted the ACCC’s wide remit, which includes monitoring gas and petrol supply and prices, electricity affordability, cartel conduct and digital platform services.

He said the committee would "continue to scrutinise the ACCC to ensure they remain vigilant in monitoring all industries for behaviour that is harmful to consumers’ interests".

More information about the reviews and upcoming public hearings are available on the committee’s website.

Public hearing details

Date: Friday, 14 February 2025
Time: 9.30am to 12pm
Location: Videoconference

The hearing will be broadcast live at aph.gov.au/live and www.youtube.com/@AUSParliamentLive.

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