Episode Transcript
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Speaker 1 (00:00):
Good morning, Welcome to Tuesday, this seventeenth day of June.
Hope we find you well. Hope we can share the
issues of the day with you. If you have any thoughts,
anything that is happening around your neck of the woods,
I'd love to hear about it. On eight double two
to three, double O, double OW on the show Today.
South a Stradia parents have been urged to vaccinate their
children against the flu as cases continue to rise across
(00:21):
the state this year. Apparently, just one in five South
Australia children under the age of five have had a
flu vaccine that is too low, even though it's higher
than the national average. On another subject, thousands of university
students in the UK have been caught misusing chat, GPT
and other artificial intelligence tools to cheat effectively. While traditional
(00:46):
forms of plagiarism show a marked decline, they're moving towards AI.
If it's happening in the UK, it's a bound to
be happening here, and how's AI being used in our
universities will find out about that. New data is up
ended long held belief about Australia baby boomers and their
spending habits. Now far from being frugal, retirees waiting for
(01:06):
the sales and chasing earlybird specials. Boomers are now the
biggest spenders of any age group. Researchs conducted by communications
firm WPP shows over fifties accounting for sixty four percent
of new car purchases and fifty five percent of all
travel spending. They also outspend millennials across nearly every category,
from entertainment at health, to cars and online retail by
(01:27):
around forty billion dollars annually. Your thoughts on that'd like
to hear them at double two to three double O doubleow.
And on the same footing, is the cost of living
got you down? Well, you're not alone. Two thirds of
Aussies are still splashing cash on little luxuries like vapes, booze,
takeaway and food delivery, racking up bills of thirteen thousand,
(01:49):
five hundred dollars a year. Almost half of US scrab
takeaway weekly two and five hit the bott low and yes,
uber Eats is still getting a workout. Find of finance experts.
They were chasing that feel good hit, but they're warning
keep those indulgence and indulgences In Czech do you have
any indulgences? Do you have any when life's got you down,
(02:10):
you sort of think, well, what can I do? Do
you reach for a bar of choky? What do you do?
What is your feel good hit? I'd like to hear
about it on eight double two three doubleow on this day.
Sir Edward Holden, chairman of General Motors Holden and the
last Holden to lead the company, died on the seventeenth
of June nineteen forty seven. He was the grandson of
James Holden, who began a saddlery business in Adelaide back
(02:33):
in eighteen fifty six. Over decades, the company evolved from
carriage repairs to motor bodies, driven by Edward's vision that
the motor car was the future. Will he got that
one right? In nineteen twenty three, Holden's built the largest
motor body plant in the British Empire at Woodville. Despite
depression setbacks, the company thrived, merging with General Motors in
nineteen thirty one. Edward remained chairman until his death just
(02:56):
a year later. The first Holden car rolled off the
line from Australia and what's your favorite point?
Speaker 2 (03:02):
Snag Animal and what's your favorite car?
Speaker 1 (03:06):
Australia Let me.
Speaker 2 (03:07):
See, that's football, mead fires, kangaroos and holding cars. Huh
what do you sure sound like Australia to me? Well,
don't you better tell me again because I just might forget.
Speaker 3 (03:20):
Kangaroos and time.
Speaker 2 (03:26):
That is football, meadfirees, kangaroos and holding cars.
Speaker 1 (03:34):
Remember it? What a clever jingle Taking into a car
and all the things that are true blue Aussie and
holding cars were certainly those And sadly those days of
car manufacture in Australia are no longer with US eight
double two three double o double. If you have a
comment on that, did you once work in the old
Woodville plant? I still drive past that on a daily
(03:55):
basis and hark back to when it was General Wators
hold at Woodville. There was the Elizabeth plant, of course,
but it all started at Woodville. Well, before we get
down to business today, I want to talk about the
proposed thirty billion dollar takeover of Santos by a consortum
led by Abu Dhabi state owned oil giant ADNOC. No
(04:16):
doubt it's very appealing to shareholders, but it poses serious
long term risks to Australia's national interests beyond the commercial headlines.
This deal challenges the nation's sovereignty over its critical energy
resources and infrastructure. Santos is Australia's second largest gas producer.
It plays a vital role in maintaining domestic gas supplies,
especially on the East Coast, which faces potential shortages within
(04:39):
four years. Santos also supports LNG's exports across Asia. It's
also spearheading carbon capture and storage projects crucial to the
country's energy transition. Handing such an asset as Santos to
a foreign owned, non OECD state owned enterprise raises alarm bells.
Once control is offshore, decisions around pricing, supply and strict
(05:00):
EIG investment may no longer serve Australia's needs. First, our
national security is also at stake. Santos operates pipelines, LNG
facilities and infrastructure essential to the functioning of our economy.
In a geopolitical crisis, would Australia retain reliable access to
its own energy network. Regulatory oversight of a foreign owner,
(05:22):
particularly one with global ambitions and political influence, becomes more difficult,
less transparent, and potentially compromised. Promises to retain Santos's headquarters
in ad Laid and invest in CCS. Sound reassuring, but seriously,
this is just window dressing. History shows that such commitments
often fade after a takeover, and after all, it would
(05:43):
just be their headquarters. The decisions might be made here,
but by the foreign owners, operational control and strategic direction
will ultimately shift to Abadhabi, and with that so too
many jobs, contracts and long term investments. There's also the
broader issue of energy transition. Australia journey to net zero
missions depends on strategic controls of gas and CCS infrastructure.
(06:05):
A foreign owner may not share our timeline values or
our climate commitments, potentially placing national objectives at odds with
corporate ones. Fortunately, Australia has a safeguard, the Foreign Investment
Review Board. It must take a firm stand FRB and
the Treasurer Jim Chalmers must assess whether this deal truly
serves the public good, not just short term investor returns.
(06:28):
State Edity Minister Tom Kutson Turners stepped in to block
the Santos Woodside merger. Now the South Australian government has
threatened to intervene if the thirty billion dollar takeover bid
for the state's largest company, Santos is not in the
interests of South Australian's Selling Santos may bring a windfall
to shareholders, but the national cost could be steep. This
(06:48):
is the moment to assert energy sovereignty, not surrender it.
Australia must think long term and retain control to Santos,
an asset too critical to sell. What are your thoughts?
Give us a call eight double two three and A
thirty billion dollar takeover bid for Santos by the Abu
Dhabi Consortium has left a lot of us asking what
will Santos's involvement be in the tour down under? Will
(07:11):
that come to an end? Will that be the end
of its cycle? Give us your thoughts eight double two
three Double DOUBLEO back shortly five Double A Mornings with
Graham Goodings eighteen past nine five Double A on this
Tuesday morning, later in the morning, five Double A's best
of say about celebrating and profiling some of the great
brands in our state. Today we're celebrating Maxima and we
(07:33):
have a chance for you to come along to the
Best of SA dinner a little bit later on in
the morning. Well, there's no question that AI, artificial intelligence
is impacting life and work at almost every level. Now
the unions have stepped in and had their say. Joining
us now is Joseph Mitchell, ACTU Assistant Secretary Joseph. Good
morning to you, Good morning, thanks for having us. AI
(07:55):
is a way of life, part of life. It can't
really be avoided. What is the union concern?
Speaker 4 (08:02):
So, like you said, AI is occurring across every industry
and nearly every workplace, and we're seeing it being used
as a tool of work. It might be augmenting work
people do, might be replacing some tasks, and unfortunately, some
bosses are using it as an excuse to reduce their workforces.
(08:22):
It might be used by the employer to do things
like rostering, hiring and firing, you know, having workplace surveillance,
do performance evaluations. Or it might be effecting your whole
industry things like creative work, journalism, teaching. It's really pervasive, widespread,
(08:43):
and it's a massive impact that we.
Speaker 5 (08:45):
Need to be prepared for.
Speaker 1 (08:46):
So what can you do? I mean, it's unavoidable AIS
with us to stay. How can you make it work
for the benefit of workers?
Speaker 4 (08:55):
Yeah, I mean we're really at a unique decision point
here as a country, when we can make a decision
about what kind of future.
Speaker 6 (09:03):
We want to see.
Speaker 4 (09:04):
I mean, ultimately, when new technologies are introduced into workplaces,
workers want to see those introduced in a positive growth mindset.
You know, AI is deployed successfully when it's deployed by
employers and workers working together in a skilled way to
adopt it really successfully. And what we don't want to
(09:25):
see is you know, AI being deployed, people losing their jobs,
people losing their livelihoods and having their industries eroded because
it's being done haphazardly or in a malicious way.
Speaker 1 (09:39):
It sounds like you want the unions to have the
power of veto over AI.
Speaker 4 (09:43):
Well, in some cases, workers should be able to reject
their presence of new and untested technology. And one of
the really important places you might want to do that
is in medical decision making. So nurses are licensed professionals,
they carry with them their own registration as well. If
an AI is being introduced at work by people who
(10:04):
don't hold their licenses and don't hold the registrations, but
ultimately those people's bosses, workers should have their right to
interrogate that technology's use. We've seen it applied poorly where
AI because it's trained on data that doesn't represent the
population it's used on results in bad outcomes, like an
underdiagnosis of breast cancer in black Wooden over in the
(10:29):
US because an AI was used in a way that
was inappropriate. And really that's the kind of consultation and
respect we're looking for employers to demonstrate to respect the
expertise of the workforce and to work with their workforce
in adoption.
Speaker 1 (10:44):
So you have concerns that employers won't take you along
in the consultation process.
Speaker 4 (10:49):
I mean we've seen that already. There's a bunch of
employers that trying to jump on the bet on the
AI train, but doing it in a way that's just
a bit hamfisted. They might be interesting using workplace surveillance technology,
using AI to filter resumes without thinking about the discriminatory
consequences of that, But really new technology is kind of
(11:11):
like the tired You can't stop it from coming in.
So how do you do it in a way that's
going to be productive long term and in the way
that grows businesses, grows our economy, grows our Australian industries
and protects Australian jobs. That's the focus that we want
to see about this ticket option.
Speaker 1 (11:25):
So the bottom line is union want workers to have
the right to refuse to use artificial intelligence if they
see fit.
Speaker 4 (11:34):
It just depends on the application. So if there's going
to be a dangerous outcome, an unsafe outcome, or an
outcome that threatens you know, people like patients or end users,
workers should have the right to say that that's not
going to be an acceptable use of the technology. We
need to try again.
Speaker 1 (11:52):
Joseph Mitchell, thank you for your time today. ACTU Assistant
Secretary Annis Wilix is from the Australian Industry Group. He
joins us now as good morning to you and Graham.
Speaker 7 (12:02):
How are you?
Speaker 1 (12:02):
Yeah, well, thanks. What do you make of the union's
attitude and stanced.
Speaker 4 (12:07):
Well, in many ways, there's an agreement that you did
not kind of stop artificial intelligence making its way into workplaces.
It already has in many different ways. Businesses are using
artificial intelligence to improve their back office, to improve their efficiency,
to improve safety, to work on issues like sales and
(12:29):
marketing and the like, to do tenders, all of these
sort of things. Artificial intelligence has a role and businesses
are adopting it because for a couple of reasons. One
is there's efficiency there. It also frees workers up to
do other work, other more interesting work or less mundane
or boring work. It also allows businesses to grow into
(12:53):
new and different areas. And it is also a really
important vehicle around trying to drive productivity within the workplace.
So look, the way employers see it is that it's
not going to be stopped. Nobody particularly wants to stop
it is how it's harnessed. Of course, employers want to
(13:14):
work with their workforces around its introduction. I was interested
listening to Joseph talking about medical technology. Artificial intelligence is
huge advances in diagnosis and treatment and identification of disease
working with people with skills. So I think the key
point here gram is that for employers this is an
(13:35):
opportunity to allow them to upskill their business but also
allow their workforce to upskill. And when you hear countless
examples of workers on factories lines, for instance, who are
wary about the use of artificial intelligence and it's broad
of sense, robotics and the like, and once it's introduced,
(13:56):
they really enjoy it because it frees them up. It
takes away a lot of the backbreaking, mundane work that
they've had to do that upskills them. So it's about
working together, about using artificial intelligence as an adjunct to
the existing workforce, and that's hour employers increasingly see it.
Speaker 1 (14:14):
You can understand employees workers unease because they hear so
much that AI is taking our jobs. It's like in
the sixties and seventies, you know, we've got to be
replaced by robots. Well that actually hasn't happened, or it's
been integrated. But with AI, there are real fears out
there that artificial intelligence can do my job better than
(14:35):
I can.
Speaker 4 (14:36):
Well, what history tells us is that every technological advance
has created more jobs, more interesting jobs, and different jobs,
and this will be no different. It's about how we
use and adapt to the technology to benefit us all. Here,
Australia is quite slow on the take up relative to
(14:59):
others when it comes to artificial intelligence. Sort of presentation
this morning from an American institution who's saying that they
believe within two years artificial intelligence will add maybe up
to about half percentage point to US productivity levels. We're
having a productivity conversation at the moment in Australia, which
(15:19):
is a serious one because if we don't improve our productivity,
we're going to be talking about how we managed declimb.
And one way, only, one way of many to improve
productivity is to think about the use of technology. So yes,
on many levels. It's understandable that people are wary, but
people were wary about the introduction of other technologies in
(15:42):
the past, the Internet, for instance. How is that impact workplaces?
Word processes rather than typewriters. How has that impact workplaces?
We've adapted as time has gone on, people have upskilled
and this should be no different.
Speaker 1 (16:00):
Inness Wilicks, sir, thank you so much for your time today,
Australian Industry Group leader. With the situation on artificial intelligence?
Are you fearful that your job will go to AI?
Are you working in a job where AI compliments what
you do it makes you more productive? I'd like to
know your story regarding AI and your fears. A double
two to three doublow is the number to ring in
(16:22):
breaking news. Anthony Albanese He's meeting with Donald Trump has
been canceled as the US President leaves the G seven
summit early. Donald Trump is departing the G seven before
his scheduled meeting with the Prime Minister. Whitehouse Press Secretary
Caroline Levitt made the bombshell announcement moments after mister Albanezi
told reporters he was looking forward to his meeting with
mister Trump. So it came just after Trump offered his
(16:47):
most positive indications on the future of ORCUS to date,
standing alongside UK Prime Minister Keir Starmer, as the British
leader declared where proceeding with the pact. It's really important
deal for both of us. So that sounds like positive
news for us regarding August Orcus. But Anthony Abaneze's meeting
with Donald Trump has been canceled and no don't. Kendall
(17:07):
will have more on that in the news throughout the morning.
A double two to three, double O, double oh is
the number to ring Morning Graham. What they need to
do is scrap all the stupid events and fix the crisis. First,
cost of living, power bills, hospitals, housing, because that's the
thing killing the community. Good on you, Nick, thanks for
your input.
Speaker 8 (17:24):
Five Double A Mornings with Graham.
Speaker 1 (17:26):
Goodings twenty eight to ten on five Double A this
Tuesday Morning. From the text line Sacked Workers don't have
to pay technology. AI won't take jobs. I'm an EA
and AI is an amazing tool. I want to work smarter,
not harder. Time is precious. I don't think AI will
(17:47):
be used to diagnose disease. If it is, we should
be questioning it. However, the unions are trying to dictate
what we can use and control everything. We all have
the right to choose good on your mat Look when
it comes to AI diagnosing disease, it is already happening.
There's no question about that. So to say that it
isn't happening or shouldn't happen, you might think that, but
(18:07):
tests have suggested that AI driven symptom checkers achieve prognoses
that are equally as good as human doctors. There's no
question that human doctors need to oversee what the AI
research is doing. Prognosis is doing. But it is AI
moving into all areas. Nobody is safe. Even radio announces
(18:31):
a double two to three double is the numbered ring.
Give us your comment and thoughts on that. I'd love
to hear from it from you.
Speaker 6 (18:37):
Well.
Speaker 1 (18:37):
The Ambassador of the State of Israel to Austraia has
canceled a visit to southa Straandon Parliament that were supposed
to occur today. To tell us about it, Dennis Hood,
Liberal MLC. Dennis, good morning to you.
Speaker 9 (18:49):
Yeah, good morning, grime and cheer listeners.
Speaker 1 (18:52):
What is the situation? The visit was obviously pre planned.
Speaker 2 (18:57):
Yeah.
Speaker 9 (18:57):
So I am the co chair of a group in
Parliament called the Parliamentary Friends of Israel and as my
role as the chair is to organize sort of two, three,
sometimes four meetings a year where we have a speaker
excuse me, a speaker from Israel who comes in and
sort of educates or informs members of Parliament of out
(19:20):
events in that part of the world and Israel's view
of the situation essentially. And we had organized the ambassador
to come to Adelaide about three months ago at no
cost to the tax Baro should have. This was funded
by their side, not by us, and he was scheduled
to come and speak today, but that has been canceled.
(19:44):
And the reason that was cited was security reasons. There
was some concern about his own safety.
Speaker 1 (19:51):
And safety here in Adelaide.
Speaker 9 (19:55):
That's my understanding.
Speaker 1 (19:56):
Graham.
Speaker 9 (19:56):
Yes, I haven't had a briefing on that. I will
see one, but things have been pretty chaoticay, the last
twenty four hours, as you can imagine, and just haven't
had an opportunity to get that briefing yet. It will happen.
But yes, I understand that there was some concern about
his own safety and for that reason, I think it's
the right decision. I'm very disappointed, mind you. You know,
this is I think particularly in our parliament. I think
(20:19):
I'm sure most of your listeners would agree with this,
but but particularly in our parliament, it should be a
place where free speech is encouraged, where there should be
no risk to anyone's safety for holding whatever view they
might hold. And yet that is the situation we find
ourself in it now. To be clear, my understanding is
was no asual threat deemed within the parliament, but there
(20:40):
may have been. There are other events that the ambassador
was involved in which I wasn't involved in, and there
may have been some question marks about having edit with
security and those and those venues or events as it
may be.
Speaker 1 (20:50):
I mean, it comes amid the worsening crisis in the
Middle East. Do you think that could have had some
sort of impact and influence on it.
Speaker 9 (20:58):
I've got no doubt. I mean, you know, one of
the downsides of being the co chair of the Parliamentary
Friends of Israel, I get a very large number of,
you know, what are really quite nasty emails and contacts
to my office from people that obviously have a very
different view of that situation and are not at all
afraid to express it. I can assure you, and express
(21:19):
it in its sometimes you really quite disconcerting ways. So
those the number of those emails and contacts to my
office in recent weeks, and especially in recent days since
the events in Iran have escalated quite significantly. So you know,
it's there is a lot of aggs, if you like,
(21:41):
in this debate here in Australia, which which I think
is unfortunate. I understand that, you know, these are very
emotional issues wherever one sits on this debate. But you know,
I think one of the great things about our country, Graham,
and about South Australia is part of our great country,
is that you know, we have had, i had a
very long history of peaceful political debate and I'm going
(22:05):
to do everything I possibly can to make sure that continues.
We don't need violence in politics here in Australia. We
don't need any sort of strong arm tactics or bullying
or anything of that nature. What we want is peaceful,
considered reason debate where each side should be respected.
Speaker 1 (22:24):
No suggestion of the stage of a rescheduling of the visit.
Speaker 9 (22:28):
We're looking at that it is a bit early, but
I would certainly be pleased to have him back at
another time my understanding, and again I just haven't had
time to get across these details. But I was informed
by reliable source that Israel is closing their embassies right
around the world at the moment, So if that's the case,
there may be some sort of delay my plan. I
(22:48):
had planned to have an event sort of in October,
around the October seventh anniversary, that will be two years
since of the barbaric acts of Hamas in Israel on
October seventh, twenty three. We were planning to have some
sort of event around that time. So that's still on
the cards, but not yet confirmed.
Speaker 1 (23:09):
Dennis Hood, thanks so much for your time today.
Speaker 9 (23:11):
Thanks gram, thank you.
Speaker 1 (23:13):
That's Dennis Hood's say, Parliamentary Friends of Israel co chair
on the non visit. Now the Israeli ambassador he canceled
his visit to Adelaide Amid escalating global conflict and concerns
over security. Nothing tacit. In fact, there was no suggestion
that he was under threat or woul duress on his
versit here, but it seems to be a general pullback
(23:36):
from Israel following reports on Friday that Israel is shutting
its embassies around the world after attacking Iran's capital of Tehran,
and that may well have influenced the decision by US
President Donald Trump. As we reported a short time ago,
Anthony Alberanezi's meeting with the US President has been canceled
as Donald Trump leaves the g summit early. What is
(23:58):
the reason for that We have not officially heard yet,
but there is some suggestion that it has to do
with the events in the Middle East, so stay tuned.
We will have more details as they come to hand.
Good morning, Graham. Had a coffee at the Homemakers sat
a few days ago. Coffee made by a human delivered
to table by a robot. No waiters or waitress, robot
(24:19):
on wheels delivering to all tables. Thank you for that, Catherine,
Has anyone else experienced that? Is that happening elsewhere? I mean,
you have a favorite barrista my number two son, Sam
is a wonderful barrista and I don't know if he's
thought about being replaced by a robot, but maybe it
will happen. Life is changing all too rapidly. The meeting
(24:41):
with Trump has been canceled as Trump is returning to
Washington has asked the situation room to be prepared. Thank
you for that, Jamie. Yes, the world awaits teachers have
been told to use AI for school report writing. Yes,
there is quite a lot in the schools at the
moment where they will mark papers and do lots of things. AI.
If you've not used it, is quite remarkable. Is not
(25:03):
much it can't do and use for the right purposes.
It frees up people to do more creative things. But
there's the insidious side that if it can do everything
you can do as a worker, what role is there
for you? And as we've said in the past, workers
pay tax. We all pay tax. The government gets that
(25:24):
tax and then they spend it. They're largest they seen
all around. But what happens if workers are replaced by robots,
were replaced by AI? There's AI pay tax? The robotics
pay tax. I don't think they do. Isn't it time?
Maybe they were taxed and then they can free us
(25:45):
up to have more leisure time. David goodballing Illo Graham,
it's just listening. So that.
Speaker 10 (25:52):
That said, the ambassador had to cancel his visits. Of
course he had to cancel it because they're closing down
all the embassy. He's trying to make some feed up
that is about to be attacked in South Australia.
Speaker 1 (26:03):
No, no one said there was about to be attacked.
There was no suggestion.
Speaker 10 (26:06):
Well, he intimated the fact that it's two dangers, so
more Israeli propaganda. I mean he's a friend of Israel
with them. Has he ever stated anything that their genocide
will killers of babies and mothers? No, Why doesn't he
condemn them for that?
Speaker 1 (26:24):
Well, maybe he would have been questioning the parliament because
he was going to give a talk and to be
questioned by parliamentarians. Thank you if you called David eight
double two to three, double O doubleo is the number
to ring high Graham. Artificial intelligence will never replace natural stupidity.
Graham from corner. I don't know about that. Artificial and
(26:45):
intelligence will never replace natural stupidity will Maybe that's true.
Maybe we could learn a lot from it, But is
there reason to fear AI. I mean, it is part
of our lives. I think we should all be learning
more about it as the days progress. It's no point
putting it, sticking your hand in the air and sort
of saying, oh, I don't want to know about this,
I'm scared about it. Let's ignore it. Well, you can't
(27:08):
do that. The unions want more control over AI. Employers
want it to be incorporated, but there has to be
a balance, as in all things. Eight double two to
three double double. If you have a comment on that.
I was interested to learn about new data regarding boomers.
I mean boomers ruled the world for many, many years,
(27:29):
probably since the boomers were born out of the Second
World War. After the Second World War, and there were
the biggest group of people, and as they moved through
they influenced everything. They changed music forever, they changed real
estate forever, they changed travel forever, because they were the
biggest group. Now boomers are no longer the biggest group,
and boomers are having less and less influence. But new
(27:52):
data has upended long held beliefs about boomers and their
spending habits. Far from being frugal retirees waiting for the
sales and chase early bird specials. Boomers and now the
biggest spenders of any age group. Are you a boomer?
Can you relate to?
Speaker 2 (28:06):
This?
Speaker 1 (28:07):
Research conducted to for communications firm WPP shows over fifties
account for sixty four percent of new car purchases fifty
five percent of all travel spending. They also outspend millennials
across nearly every category, from entertainment and health cars online
retail by about forty billion dollars annually. And this trend
is reinforced by the Commonwealth Bank's Cost of Living Report,
(28:30):
which breaks down monthly per capita spending by age excluding housing.
The data shows those age sixty five to sixty nine,
typically recent retirees, spend more per month than any age
group under forty five. Even those age seventy to seventy
four outspend every group under thirty five. The findings highlight
a shift in a generational behavior. Boomers are not just
(28:53):
active consumers, they are driving in the economy in their retirement.
A powerful reminder to look beyond outdated stereotype, especially when
it comes to those who want to know who's really
doing the spending. So I think the long held thought
is that when people move to that retirement age, they
settle down into a nice, cozy, quiet life. Their big
(29:14):
spending days are gone. They're living off superannuation if they're
lucky enough to have that, they're living off the pension,
so they don't have much. But the overall figure suggests
that boomers are spending the rest. Do you fit into
that category? I'd like today give us a call. Eight
double two three double double is the number to ring.
We're going to take a look after the break about
(29:34):
the Santos buy out, the implications for that. As I
mentioned earlier, I'm very concerned about it. Saying that we
might keep the Santos headquarters here in Adelaide is just
a stop. That doesn't really mean anything at all, does it?
Just because their headquarters is here, the money is in
Abu Derby, the ownership is in Abudhrby, and it might
(29:55):
last for a couple of years and then all of
a sudden it will move offshore and there are secure
he issues national interests, sovereignty. We'll talk about that coming
up shortly.
Speaker 8 (30:05):
Five A Mornings with Graham Goodings.
Speaker 1 (30:09):
Well, as we reported a short time ago, Donald Trump
has left the g seven conference. The meeting with the
Prime minist Anthony Albanese has been canceled and in a
major escalation, the US president has told ten million people
living in Iran's capital, Tehran to immediately evacuate as two
US aircraft carriers make their way to the region. It
comes as Tel Aviv has been hit with missiles in
(30:30):
the fourth straight day of conflict between Israel and Iran,
as the latter nation dropped missiles on heavily populated areas.
Iran's foreign minister Abbas Abaci warned that Iranian forces will
pummel Israel until the attacks against the Islamic Republic stop.
President Trump also made a major call by reportedly refusing
to support a G seven statement on the conflict, splitting
(30:50):
with the rest of the Block of Nations, so he
left the G seven conference, but has told ten million
people living in Iran's capital Tehran to immediately evacuate as
two US aircraft carriers make their way to the region.
So the situation has escalated quite dramatically, and stay on
five double A Kendall will have all the news as
it comes to hand. Eight double two to three double
(31:13):
O double oh is the number to ring if you
want to take part in the show today or comment
on anything that we've been commenting on. Well, the shock
waves reverberating around not only South of Stradia but the
nation with the news that Essay's largest company, Santos, is
the subject of a multi billion dollar takeover. The investment
(31:33):
arm of Abu Dhabi's state owned oil company has made
a nearly thirty billion dollar takeover bin for Santos, but
the state government says it will intervene if the deal
is not in the interests of southas Stradia. So what
are the implications not only for the state but for Australia.
Kevin Morrison, energy analyst at the Institute for Energy and
Economics and Financial Analysis JOINTS been now Kevin, good morning
to you.
Speaker 11 (31:54):
Good morning Graham. Thank you very much for having me
on your show.
Speaker 1 (31:57):
Yeah, maybe you can enlighten us. What are the ramifications
for a takeover of such a big company like Sando's.
Speaker 11 (32:04):
Yeah, well, not the company, but it's it's an owner
of some critical energy assets. You know, we all need energy,
whether it's for the heating or generating electricity, so you know,
it is a key enabler for many industries and also
for households. So with that, you know, it's it's much
(32:28):
more than just a transaction between to to to private companies.
And also given the context that a lot of Australia's
energy infrastructure is already owned by foreign interests, so this
would just make it even more concentrated by foreign interest
you know. Effectively, only leave Woodside is the only listed
(32:49):
Australian energy company, you know, whereas all the rest it's
owned by foreign companies such as Exton, Chevron Shell, but
they've all been around. They both invested in Australia for
the best part of one hundred years, Whereas you know
the Abu Dhabi National Old Company which is speared in
this consortium, beard Foot for Tantos. You know, they don't
(33:09):
really have any any record of brain in Australia and.
Speaker 1 (33:13):
There's no reason why they would act in Australia's interests.
They will act in the interests of their shareholders or
the state.
Speaker 11 (33:20):
Well their shareholders is the Emirati government, the UAD government.
I mean, it doesn't have any shareholder, so so you know,
this is again that's why this transaction bears more scrutiny
because you know, if it's another private company or another
listed company I'd say two years ago when Woodside and
Centris were talking about getting together. Had that gone through,
(33:44):
and it would have been more likely that the Woodside
would be the major shareholder there, you could still buy
shares in large company. You can't do that with this.
You know, this is going to be owned by a
foreign government because that the whole point at the National
Old Company was that it was set up in the
early seventies to control all the oil and gas assets
(34:09):
in that country, you know, which is a complete comcast
to what Australia is doing here. Which are things to
be saying off all it it's all in gas assets.
Speaker 1 (34:19):
Is so much the government can do federally in state?
Speaker 11 (34:22):
Yeah, there's a lot. And you know, look it's there
is history here.
Speaker 12 (34:29):
You know.
Speaker 11 (34:29):
We had the previous Treasurer of Peter Cassello back in
two thousand and one, he blocked the bid by a
Shell for its takeover of Woodside back then, even though
Shell was a significant shareholder in Woodside and had been
for some time. Nevertheless, at the time said look, you
know this transaction is not in the national interest, and
(34:51):
that's what he ruled on because he was concerned that
Shell was just sort of park woodside assets and not
develop them where and when was the expedient. It would
only development when it was in Shell's interest therefore not
the not the country's interest. And you know, we could
have a similar situation here where this consortium they have
(35:13):
stated that their their intention is to grow their LNG business.
Now that means the export of gas from Australia. You know,
it doesn't mean it's it's gas for Australian consumers. So
already it's a flag in some strategic tension there because
you know, this comes at a time when the East Coast,
(35:36):
which South Australia is part of the you know, separate
to know, there is no national gas market here in
Australia because the size of the country, so you know
West Australia is it's it's got its own gas market
works in the East Coast, you know, South Australia and
the Eastern States, they're all interlinked. And what the Australian
(35:57):
Energy Market Operator has said, look, you know we could
be I think gas shortages from twenty twenty nine, which
is which is quite a ridiculous situation to be in anyway,
because we you know, we have so much gas here
with Australia, it's just that we're having to be exporting it.
Speaker 5 (36:11):
So you know, there is.
Speaker 11 (36:12):
A debate about how much gas Australia is exporting and
how much should be sort of a conserve and allocated
to domestic users.
Speaker 1 (36:21):
So if we, well, they sold off Santos, we'd have
even less control than we do now.
Speaker 11 (36:27):
Yeah, we would have, you know, a very little, a
very little control because you know, even with Sansos she lived.
If you may not agree with everything that they do,
if you earn shirt in it, you could express your
your vote at their shareholder meeting. At least there's some
sort of transparency, whereas would have absolutely no transparency with
(36:49):
a foreign own entity. You know that that's not really
known for its openness.
Speaker 1 (36:57):
I assume this whole deal would have to go before
the Foreign Investment Review Board.
Speaker 11 (37:02):
It will be that that will be the key decision.
I mean that there are there other entities that will
be involved in any decision, but that could that would
have an influence on the outcome of this transaction, you know,
such as the National Offshore, the drium titles administrative with
the Assex. But really the key one is the Foreign
(37:25):
Investment Review Board then and you know, to come back
to it to what I said earlier, when you know
those on the back of Third and you know Third
have the time their rules about foreign ownership because you know,
we do have the history of setting off, particularly energy
assets to foreign companies. And there was a more recent
(37:46):
example where the then Treasurer Scott Morrison. This is back
in two thousand, I think it's just before he became
Prime minister, so correct me if I'm wrong with that.
But he got the big the State Grid of China.
They were big to take over ons Grid, which is
(38:07):
the transmission network in New South Wales. He got that
because that wasn't in the national interest. And this comes,
you know, following the history of state governments setting off
their transmission and distribution electricity assets to foreign owned companies.
That's why you know the State Grid Corporation of China,
(38:29):
but they have over forty percent of Electronet, the South
Australia's transmission distribution network, you know, so we do have
to be careful about how much is how much of
these key assets are in foreign hands.
Speaker 1 (38:45):
So your recommendation to the Review Board would be no, saile, Well, I.
Speaker 11 (38:53):
Think you know that there's just a lot of things
to consider because you know, just going back to my
point about you know, the gas. You know, if we're
dealing with we've really had foreign governments trying to interfere
with with Australia's energy policy. You know, we have the
Japanese government sort of jumping up and down about the
(39:14):
possibility of the gas reservation policy in Eastern Australia. And
you know, with our organization NAIFA, I mean we've just
done a study and we found that the majority of
the gas that we export to to Chinese buyer, sorry
to Japanese buyers, they're actually reselling to to other countries.
You know, they're using it, so they're their whole idea
(39:37):
is to make money out of it, and they but
yet they turn around then and say, oh, look, you
know this is all part of the energy security. It's
got nothing to do with energy security. It's all about
you know, the profits of these Japanese utilities. You know,
so that's a complete convict of interest. You know that,
you know, those Japanese companies are serving Japan's interests, are
not serving the ustranding interests, you know, and we could
(39:57):
be walking into you know similarly, I mean we're already
having a debate about, you know, whether we it was
the right idea to sell the port of going a
long term base, you know.
Speaker 1 (40:09):
So you know.
Speaker 11 (40:10):
This, this whole issue about saying ask key assets to
companies that are controlled by foreign governments is certainly one.
You know, We've we've we've got a debate, we've.
Speaker 1 (40:22):
Got a Kevin Morrison, thanks for your time. Institute for
Energy Economics and Financial Analysis. The Santos buy out. What
are your thoughts, Graham, what are your thoughts?
Speaker 13 (40:34):
Well, the general you had just add on Manasters said
everything I wanted to say. The governments can't be trusted
to handle the chuckhout, So I mean, they've got the
electricity wrong, you've got the gas wrong. And he mentioned
the Port of Darwin that tool wrong as well. In
my opinion, we shouldn't be selling anything that we you know,
(40:54):
you've got poor buggers here that using gas and they're
going to pay a prem for and yet we're selling
it cheap to Japan Electricity And if my memory serves
me correctly, I think we were buying electricity in from
the other states during summer because none of the companies
will making money.
Speaker 4 (41:15):
We were producing enough electricity, and Keeper's going.
Speaker 1 (41:19):
I just I'm laughing, but I shouldn't be laughing, Graham,
I taking on bo what everything is saying, it's a
ludicrous situation.
Speaker 13 (41:26):
It is absolutely I think if there as an electric now,
but that every one of them out, it's just seems
it's ridiculous with what these.
Speaker 7 (41:35):
Governments are doing.
Speaker 11 (41:36):
And they all talk is into putting panels.
Speaker 14 (41:41):
On the roof, which I did.
Speaker 13 (41:42):
Yes, it has saved his money and electricity, which is good.
But they're even going to remove the rebate in about
twenty twenty eight.
Speaker 1 (41:49):
I think, oh yeah, it could be even sooner. Good
on your Graham, thanks for that. And speaking of power,
we're going to be talking about that after ten because,
as most of you will found find July first, your
power bills go up five double A.
Speaker 8 (42:01):
Mornings with Graham Goodings.
Speaker 1 (42:04):
And in this hour we have two tickets to the
Robinson Brothers to give away. So stay tuned. I'll give
you a bell when it's about to happen, Morning, Graham.
The second biggest producer of milk and Tasmania is owned
by China, the biggest processing factory for rice in the
Southern Hemisphere is in Victoria owned by China. Our beautiful
country has been capitalized on by other countries. Profits from
(42:25):
Australia should benefit Australians or is that being racist? Phil?
I agree with you one hundred percent. We sell off
this country, it's just ludicrous. The Chinese or anyone else
doesn't have to invade us. They can just all of
a sudden, we wake up one day and we don't
own anything. It's all being owned overseas. We've sold off everything.
And the same thing with this Santos Deel. It is
(42:46):
quite scary. That's where so much energy for now and
into the future. And if it's sold off, will Labbo
Darby care of Australia's got enough gas? Of course not
a double two three double double if you have, I'd
like to hear it well. Back in twenty twenty two,
what's that? Three years ago, Energy Minister Chris Bowen promised
(43:07):
power prices would be coming down soon. Three years later,
millions of Australian households will face higher electricity prices in
the coming weeks. Major retailers AGL and Origin have confirmed
their price changes for customers. Some households will see their
bills increased by as much as three hundred dollars next year.
Joining me in now is Sally Tindall, Canstar spokesperson, Sally,
(43:28):
good morning.
Speaker 15 (43:29):
To you, Good morning Graham. How are you.
Speaker 1 (43:31):
Oh look, I was good until I heard this news.
This is this is not what we wanted to hear.
We want to hear. Pray our prices going down. You're
telling us they're going the other direction.
Speaker 15 (43:40):
They are going the other direction. Back in May, the
regulator announced that to South Australia the default prices would
be going up by three point two percent. For the
average household, that's about a seventy dollars increase. And what
we always expect is that the market prices, which are
lower than the default prices, they tend to follow the
same trend. And we've had Origin and AGL confirm their
(44:02):
prices for the next financial year and in Adelaide they're
actually going up on average by more our Origin saying
it's going up by five point five percent ahl seven
point eight percent, although that does include small business customers.
But AGL has said for the average household that's one
hundred and seventy two dollars increase. On top of as
(44:23):
you've said just before. You know, electricity prices have been
going up year after year after year.
Speaker 1 (44:31):
And this is the frustration for most of us. We
were told, particularly here in South of the Stradia, where
the home of renewables, you know, we're heading towards being
one hundred percent that reliant on renewables. And yet the
prices are heading in. They're spiraling upwards, not downwards.
Speaker 15 (44:46):
They are and I would say though that perhaps without
such significant investment in renewables it might go even higher.
Certainly when you're talking about Sydney, they're staring down the
barrel of price hikes, in some cases more than thirteen percent.
These are significant rises. Some of this is based on
aging networks, but a lot of it is based on
(45:09):
investment in renewables or a lack of investment in renewables.
It's pain across the country in many, many places.
Speaker 1 (45:17):
So when we get the letter in the mail that
says your prices are going up, what should we do?
Speaker 15 (45:24):
We'll open it for a start, That's the key. I mean,
I think that the natural instinct is to toss it
in the beer without even looking at it or depleep
that email.
Speaker 10 (45:33):
Open it.
Speaker 15 (45:34):
Knowledge is power, and you want to be looking at
what your price plans rising by to make sure you
can afford it. Absolutely, but pay particular attention to what
your plan cost is in relation to the reference price,
because I think many of us would agree that those
elliteracity bills are incredibly difficult to read. It's just a
(45:55):
whirlwind of numbers that you really don't understand. Have a
look at what your plan name is in relation to
the reference price. That's the default reference prices. Now, we've
had a look at all the energy plans in South
Australia on our database and the average discount from the
reference price in Adelaide.
Speaker 16 (46:15):
Is two percent.
Speaker 17 (46:15):
That's the average.
Speaker 15 (46:16):
So you want to be two percent lower than the
reference price as a default really, but you can save
based on the prices on our site at the moment,
the biggest discount is actually sixteen percent, So there's a
stretch target for you. There are plans on our sites
that show you that you can get sixteen percent less
(46:38):
than the default price in Adelaide. Now this is important.
Prices are about to go into a state of flux
from the one July. A lot of the retailers don't
change their prices, but doesn't happen neatly on the first
of July. So my suggestion is, if you get that letter,
or when you get that letter, or even before you
get that letter in the mail or on your emails,
(46:59):
pick up the phone to your electricity provider, ask them,
am I on the cheapest plan possible for my finances
within that retailer. If you aren't, consider moving to the
cheapest plan. But then once the dust settles on all
the price changes in July, so maybe diarize it to
the end of July. That's when you go in and
(47:20):
compare prices and potentially looked switching electricity providers.
Speaker 1 (47:25):
Yeah, I think it'd be fair to say that the
year's gone by, you had an electricity provider, you're stuck
with them, and through thick and thin. It was like
in a bank loan you borrow for your housing loan,
that you stick with the bank. It's only later on
that you realize that if you shop around you can
get a better deal. So is it fair to say
that you could have We're not naming a company. It
(47:46):
could be Origin or AGL or whoever, and you could
be on the best deal and you think, well, I'd
signed up for this twelve months ago, so it's still
probably the best deal. These deals changed, don't they sometimes?
Speaker 15 (48:01):
So I remember I switched to electricity providers?
Speaker 17 (48:04):
Was it?
Speaker 15 (48:04):
It was back in July last year? And come, oh,
even four or five months later, I wasn't yet then
on the best deal and I've switched provided again since then. Look, Avid,
switches can move from provider to provider with no real
limit on it. I would suggest doing a health check
every six months. I know that that sounds like a
lot of effort, but again, if you just use that
(48:26):
reference price as your guide, that check can be quite
a quick one to see if there's a more competitive
deal out there.
Speaker 1 (48:33):
And there's no penalty for changing providers.
Speaker 15 (48:36):
No, provided you're not in a locking contract or a
six straight contract, which are really uncommon these days. It's
always worth checking, but the majority of customers are had
the ability to change with no extra cost attached.
Speaker 1 (48:50):
So for you just backtrack for a second when you
get your bill, or even right now today to do it.
Ring your provider and ask them if you're on the
cheapest deal.
Speaker 15 (48:59):
Possible, absolutely, and it should be marked on your bill.
So if you're not on the teapest plan within that retailer.
They have to put it on your bill every year
I think quarter or six months. I can't quite remember
the timeframe, but it should be on your bill as
a big box, probably on the first page. That's a
good clue. But regardless, just pick up the phone, ask
them if you're on the best plan. Potentially haggle with them,
(49:22):
see if there's any kind of discounts or incentives that
they can throw your way. Show them that you are
intent on getting the best price for your finances and
for your household electricity bills, and they might be able
to swing you a deal because they don't want.
Speaker 11 (49:35):
To lose you as a customer.
Speaker 1 (49:37):
Now, if anyone wants any further advice, can staff provides
that free advice online.
Speaker 15 (49:43):
We certainly do so. We collect electricity plans across the
country and you can jump onto Cancer Blue and have
a look at all the different plan options and then
we have it listed. As I said before, in relation
to the reference price, this is something that the government
and the regulators have come through in recent years really
try to make more simple. I don't know, I still
think it could get even you know, I think there's
(50:05):
still a lot of work there to be done to
be simple, but you know that relationship reference price is
a good guide. Use it to your advantage, see what
deals they are around. There's also the government website Energy
Made Easy, also a fantastic place to go. You can
actually put in your National Metering identifier which is called
the NMI and they can just get the computer to
(50:28):
do with the work for you and see you know
whether you're on a better plan there as well. I
would suggest you for the avid researchers do both.
Speaker 1 (50:36):
Excellent Sally always great advice. So great to chat with
you today.
Speaker 15 (50:40):
Thanks for having me.
Speaker 1 (50:40):
Graham Sully Tindall from Camstar, the Data Insights Director. Some
good advice there. So you have to shop around, I
know you sort of thing. Look, I don't really bother it,
but the way power prices are going and they're only
going up. Chris Bowen, Chris Bowen, Chris Bowen. In any
other life we'd call you a liar. Going to call
you a liar. You said prices were going down. You
(51:02):
said that in twenty twenty two. I reckon you've said
it ten times since that prices are coming down. Well
maybe they will, but none of us will be around
to see it. And why will the prices come down
because there's probably be no power being generated? Eight double
two to three double double o, Peter says Gigi. Unfortunately,
only thirty percent of Australian's voted for Albanezi. Labor got
into government by preferences and now with the majority of
(51:25):
the vote, Albow thinks he has a mandate to keep
going down this stupid net zero path. So suck it up, Australia.
We voted them in Good on your stave Ros five
Double A Mornings with Graham. Goodings from the text line,
A very good question. Why do you even have to
ask for the lowest price? It's insane? Good on you, Murray,
fair point, but we do it's there, So ask ring
(51:47):
your electric outlet today your provider? Am I on the
best deal possible? If not? Why not? And can you
massage the numbers and give me a better deal? And
if they're so, I know who elsewhere Graham, you would
find any Australian company will be taxed the moment they
share profit. They can never build up any investment money.
(52:10):
For the US to be asking ten million people to
leave Tehran, they must have the belief that Iran not
only has enough enriched uranium to manufacture in nuclear weapons,
to already have them manufactured and intend to attack Israel
with them, and the US are going to take them out.
Well let's hope none of that is true, but we
will find out and stay tuned to five A for
(52:30):
the latest news. Well more than two hundred bales of
hay will be delivered to the drought impacted farmers on
Kangaro Island this week in yet another hay drop come
at a critical time. I mean, we know that's probably
the worst drought, is the worst strata in living memory.
We've had a bit of rain, but that is not
anywhere near enough and these hay bales have come late
(52:53):
in the day, but they are certainly going to help
and tell us about it. As John Waters, Rural Aid CEO, John,
good morning to.
Speaker 16 (52:59):
You morning Graham.
Speaker 5 (53:00):
How are you?
Speaker 1 (53:01):
Yeah, very well? Thanks? Just how necessary and needed are
these hay bails on ki oh Look.
Speaker 16 (53:08):
I think just like the rest of South Australia unfortunately, Graham. Look,
there's not enough that we can be doing at the
moment to make sure that the families who are impacted
by the drought get the support that they need. So
we realize getting two hundred and forty odd bails or
thereabouts over to KI over the next two weeks is
going to be helpful, but there's a whole lot more
(53:30):
support that's also required going forward. So we're just again
happy to be playing a small but important role.
Speaker 1 (53:36):
I guess yeah. I mean it's it's as I say,
come at a time of die and need. Now, if
the farmers had to apply for this, what's the situation.
Speaker 16 (53:46):
What we typically ask our farming families to do is
just to basically register with Rule Aid. As soon as
they registered with rule as that become available or become
able to access the suite of supports that Rule Aid provides.
Pay thealized off is one of those emergency household drinking water,
which is one of the things that we have delivered
to k I previously. Also water tanks, access to our
(54:11):
counseling team, and financial assistance. They're typically the main areas
of support and as soon as you're registered that all
becomes available.
Speaker 1 (54:20):
Well. I think often think of k I as the
duel in the ground. It's a beautiful place to visit,
it's got unique features and we just sort of don't
see it as a place to be hit by a
drought that obviously has been impacted just as much of
the state.
Speaker 16 (54:35):
Absolutely, and we're really conscious that KAI has had its
own challenges as well. Bushfires took a really terrible toll
as well. But back to your point, Look, it is
a really important agricultural region and we should never forget that.
And we've been very active throughout South Australia right through
(54:58):
this drought. We're playing a little bit of catch up
over on KO, but we're really pleased that we can
get some help and support over to those families and
like we've been doing for the rest of the state,
that support will be beyondgoing. And we're really pleased that
the South Australian Government is a hiss is assisting us
(55:22):
with the costs of the freight side of it, So
will aid organizing the faddest and the state government assisting
with some freight costs there to make it make it
all possible as well.
Speaker 1 (55:34):
So where is the hay come from?
Speaker 16 (55:37):
Look, that's one of the increasing challenges that everyone's being
confronted with at this time game is just where do
you source hay from and how do you source it affordably?
And then just the cost of being able to transport
it increasingly long distances, so hey is coming from outside
(55:57):
of South Australia at this time, and it's completely different
set of circumstances to the way things have operated in
previous years where South Australia has been a really vital
source of hate for rural aid that we've then distributed
from South Australia into other parts of the country, typically
(56:17):
back into the New South Wales and Queensland during drought
periods through twenty seventeen eighteen nineteen.
Speaker 1 (56:27):
It's wonderful that Australia is such a vas country that
there can be areas that are in drought, but there
are other areas that are fully productive. And you know,
as we've helped out other states in the past, then
are helping us out.
Speaker 5 (56:40):
Yeah.
Speaker 16 (56:40):
Absolutely, and we've and talking about big countries and contrasting situations.
I don't think it could be any more different than
it is right now. Where Queensland in particular, we've incredibly
wet up through the most of the entire the state.
We've seen the big floods on the mid north coast
of New South Wales. So challenges of a completely different
(57:05):
nature of being experienced in that part of the country
and when you come south Victoria, South Australia and across
in the southern New South Walest it's exactly the opposite
scenario that's unfolding.
Speaker 1 (57:17):
It's a crazy situation. So these haybals going to Kangar
Island on their two separate deliveries, like there's one coming
up in the next couple of days, I believe, was
it tomorrow? Another one a week later, that's it.
Speaker 16 (57:31):
Yeah, tomorrow afternoon we'll have to be double semis on
the ferry heading across, and then we'll do the same
thing again next Wednesday, and collectively we'll be supporting nineteen
local families on the island with this much needed hay.
And we often sort of say, look when the truck
(57:52):
turns up on the back, yes we've got hay. But
the truck also represents hope, and I think that's a
really really important thing during tough times like this. People
need to be hopeful that people like for Relaid and
our government and others will be there to support them.
And they also need to be hopeful that it's going
to bloody rain again soon as well. So those two
(58:15):
things tend to go together.
Speaker 5 (58:16):
Don't they.
Speaker 1 (58:17):
They certainly do. John, keep up the great work. It's
great to chat. That's John Waters, Rural Aid CEO and
Ki Farmer's getting some much needed Hey first, Delavere starts
tomorrow eight double two three double O double is my number.
Let's take a call Duncan.
Speaker 18 (58:30):
Good morning, Oh, good morning Graham, thanks for taking the call.
You have lots of people calling in suggesting that gas
companies should be forced to sell to Australians, that they'd
already be doing that if they could get a better price,
they'd do it voluntarily. How would these callers feel if
they could sell their house to an Australian buyer for
(58:52):
five hundred thousand or an overseas buyer for six hundred thousand,
and being told no, you can't do that, you just
have to we're the lost suck it up because we
feel warm and fuzzy about Australian buyers.
Speaker 5 (59:06):
How would they feel about that?
Speaker 1 (59:07):
Would they do it?
Speaker 18 (59:08):
Would they agree they should be forced to do that?
Speaker 1 (59:11):
I don't think so that's a little bit different. I think,
don can you we're talking about national interest as opposed
to individual interest. Surely individual would do that, but that's
not going to impact the country as much as selling
off a thirty billion dollar oil and gas enterprise.
Speaker 18 (59:26):
Well, or we have to do if somebody wants to
run that company for the benefit of Australian interest, who
they could buy it. You can buy shares in it
and participate in that.
Speaker 1 (59:37):
So are you happy for us to offsell all our
resources to other countries just because they pay more?
Speaker 5 (59:45):
Yes?
Speaker 18 (59:46):
Yes I am.
Speaker 1 (59:46):
What are we going to be left with.
Speaker 18 (59:49):
The money.
Speaker 6 (59:52):
To do?
Speaker 1 (59:52):
What buy the resources back.
Speaker 4 (59:56):
To do whatever?
Speaker 18 (59:57):
We are all shareholders through our superannuation or whatever we're
in companies like Santos, and the people who don't have
those shares have the right to tell other people you
can't sell them for the best price.
Speaker 1 (01:00:12):
I think we get to a point where we've got
to look at the national interest. Thanks for your call, Duncan.
But it's one thing to serve your house to the
highest bidder, and it might be someone from overseas. But
when you're selling off something like Santos to the highest
bidder and it's overseas and we have no control those resources,
those resources are gone forever. I think it is a
(01:00:33):
little bit different. What are your thoughts? Eight double two
three double O double my number five double.
Speaker 8 (01:00:37):
A Mornings with Graham Goodings.
Speaker 1 (01:00:41):
Twenty seven to eleven five double A on a Tuesday morning,
reindulgences con says, I have to indulge in five bloody
different paid apps to watch various soccer comps. Compare that
to footy fans who only need Foxtel and free Channel seven.
Delighted that lying scheming Albanesi has been snubbed in public,
(01:01:02):
Trump is correct to deal with an emergency. Alba has
been rude when refusing to increase our national security, so
says Elki, and from Robert, I remember playing Monopoly as
a child, when gas, electricity, water and housing were considered
excellent investments. Playing Monopoly should be compulsory in Parliament during
their lunch breaks. Well, look, they're only sitting forty days
(01:01:23):
for the rest of the year. Politicians who are getting
a substantial two point four percent pay rise on the
first of July, but they're only sitting for forty days.
We're in the wrong job. Morning Graham seems to me
that the usas no longer go to war. They just
get their puppet Israel and Yahoo did all the heavy lifting.
Have a good day. Thank you for that. Coal and
(01:01:46):
shopping around for power prices seems futile. You're dealing with
retailers that are all basically buy their power wholesale from
the same source, then on cell with deals for this
and deals for that. A cheap element of the deal
is off and offset with a high price for another
element of it, So the bottom line and actual cost
to the consumer all pretty much the same between the retailers,
no matter how they spin the savings. It's really ridiculous,
(01:02:10):
and this is why it is good to go to
an objective outlet like Canstar and see what is being
offered there and make up your own mind from that
high gramine with AGL as from July the first, if
I put ten killer Wats into the grid, I will
be paid twenty cents. But if I have to buy
ten killer watts forty eight dollars forty nine. Thanks Mike
(01:02:32):
and thanks AGL. I'm sure well. Thousands of university students
in the UK have been caught misusing chat, GPT and
other artificial intelligence tools, while traditional forms of plagiarism show
a marked decline. Why is it so? A survey of
academic integrity violations found almost seven thousand proven cases of
(01:02:52):
cheating using AI tools and it's gone up dramatically in
just twelve months. The data highlights are rapidly evolving challenge
for universities trying to adapt assessment methods to the advent
of technologies such as CHAT, GPT and other AI power
writing tools. So what's the situation in Australia and is
there anything that can be done about it? And should we?
(01:03:13):
Professor Danny lu from the University of Sydney professor good
morning to.
Speaker 14 (01:03:16):
You, Good morning Graham.
Speaker 1 (01:03:18):
Now tell us AI. Is it something we, particularly when
it comes to education, something we should be wary of
or something we should welcome.
Speaker 14 (01:03:27):
I think we should be wary and welcome it. Actually,
I think we need to be worry about risks for
what it means that our graduates can or can't do,
or do or.
Speaker 6 (01:03:35):
Don't learn with us.
Speaker 14 (01:03:36):
But we also need to welcome it because graduate school
needs to work with AI, work alongside AI in their workforce.
So we need to be able to show that our
graduates know their stuff, but we also need to help
them to get I guess productive and responsible with AI
as well.
Speaker 1 (01:03:51):
What do you make of this survey from the UK
where thousands of university students were effectively caught cheating by
using AI.
Speaker 14 (01:04:00):
I think it's going to be a similar kind of
our outcome here. I'm surprised they only found seven thousand.
Speaker 1 (01:04:05):
Actually, to be.
Speaker 14 (01:04:06):
Honest, I think the reality of the situation is many
more students than we think are using AI. And so
the question for us as universities is how are we
going to be proving to ourselves in the communities that
our graduates do know what they need to know as
well as the engagement AI. So I think the number
is actually higher.
Speaker 1 (01:04:28):
And there's that question that AI is a wonderful resource,
but it shouldn't be a crutch, should it. It shouldn't be
the reason that a student gets great marks, that a
student progresses and gets a degree and so forth. It
just should be a tool that they use.
Speaker 14 (01:04:43):
Yes, exactly, And so we need to help students to
be able to use it well. We need to ask
as universities as well, we need to be able to
have the ability to tell the community that our students
know their stuff. And so I think what universities need
to do more of is who have assessments where we
(01:05:04):
can be sure that it's the students demonstrating their own capabilities.
But we also need to help our students learn that
it's not something that they should overrely on. And I
think if you talk to students these days, they most
of them are quite aware that if they do overrely
on AI, they won't be learning what they need to learn,
and so they won't be as useful as a society
(01:05:24):
or to their employers. And so we need to kind
of accept both of those realities.
Speaker 1 (01:05:29):
I can understand that you want them to embrace AI,
but not to be consumed by AI.
Speaker 5 (01:05:35):
Yes, exactly.
Speaker 14 (01:05:37):
And so as teachers, you know, what we need to
do is we need to teach, and as part of teaching,
we need to help them engage in a sensible way
with these things. But we also need to help them
be able to walk cross their graduation stage and proudly
say they've learned what they need to learn. And I
think the way that universities are approaching it now can
(01:05:57):
be quite varied, can be quite confusing to the students too,
that some people are some of their teachers are saying,
you know, you can't use AI HEREI here, and some saying, hey,
you can use AI. And so as universes, we need
to help students be more clear about what they can
and can't do, and also be clear to the community
about what this means for our graduates.
Speaker 1 (01:06:16):
Well, what about the educators themselves? How much do you
use AI?
Speaker 14 (01:06:21):
So I use AI are fairly regularly every day actually,
and a lot of educators do that as well. I
think one of the things that we see around AI
use is initially when people go go into AI for education,
they think about it as an efficiency measure. They think about,
you know, I could use it to draft this letter,
or I can use to draft this assignment of those
(01:06:41):
kinds of things. But what we're seeing is that the
better use of AI is actually not to use it
just as an efficiency measure, but rather as a partner
in what you're trying to do. So ballot ideas off
the AI, or get the AI to give you some
different perspectives of those kinds of things, and so there's
a richer.
Speaker 9 (01:07:00):
Use of AI for educators the goals of students out there.
Speaker 1 (01:07:03):
Yeah, there's no question with AI that I mean, I
look back to the old days of doing research as
a journalist and you'd often have to ring a library
or go to a library and look up things where
now you go to Google and you get the same information,
but in a very compressed period of time. Use correctly,
these are tools that can make life far more worthwhile
(01:07:27):
for all of us.
Speaker 14 (01:07:29):
And it's an interesting example. I was talking to a
journalism student actually from uts about a year and a
half ago now, and I was asking her at the end,
you know, AI is coming in. You're studying journalism. Now,
how do you what do you think this means for
your future? And without a pause, she said, you know,
I'm comfortable about the future because journalism is not about writing,
(01:07:52):
it's about people. It's about how we connect with stories.
We connect with people and we help others will connect
with other stories too. And so the question for us,
I guess in that context is how can we use
AI to make ourselves more than we are and more
more than we can be? How can we use AI
(01:08:13):
in ways that will help us to rediscover the connection
that we can have with people, we discover our humanity.
Speaker 1 (01:08:20):
Yeah, I think that's that's pretty good advice because at
the moment there's an element of people out there, and
I'm not in the academic world, but just in life
in general, who are fearful for their jobs feelful that
AO will step in. AI will step in and take
over their jobs, but it can be a partner at
the workbench, not necessarily taking you over.
Speaker 14 (01:08:41):
Yeah, exactly.
Speaker 2 (01:08:42):
So.
Speaker 14 (01:08:42):
I often say that often when people come to use
AI they see it as a peon, and a peon,
you know in the olden days, was this farmer who
would work in the fields and they will produce crops
for their lords to consume. And if you have that
kind of peon mentality with AI, you see AI as
this slave for you in a way that can do
things for you and you just consume what it does.
But that's not a helpful way to see AI. I
(01:09:04):
think it's more, like you say, like a partner, one
who works something that works alongside you to help you
improve what you're doing, but not to just produce things
for you. And I think one of the issues around
academic integrity and what university is doing and what student's
doing as well, is that that trouble with is students
the AI as a peon to produce their assignments for them.
(01:09:25):
Then they're not going to learn one, and they're also
not going to get as much out of AI as
they could come to and so we need to really
help them see it as a partner.
Speaker 1 (01:09:34):
Professor Danny Choo, thank you for your insight today on AI.
That's a professor at the University of Sydney. What are
your thoughts on AI? Have you used it in your
work or your private life? Is it an advantage to you?
Are you fearful of it taking over? Let's know eight
double two three double O From the text line, I
watched a university student on the plane working in an
assessment on a Google Live document which was clearly used
(01:09:57):
by the university as a strategy to stop cheating. She
had chat GPT open in a second window was slowly
typing the chat GPT response into the live document. Why
didn't you just cut and paste? Look, there's no question
chat GPT and forms of AI. If you want to
do research on something, it takes time. Even in standard
(01:10:18):
Google it can take time. But you can streamline that
action and you can get the essence of what information
you need to know and candense it the you've got it,
then you work on it. So you use it as
a stepping stone to get to what you want. The
Australian education system education system has never educated older people
when the Internet came in. Much of the crime generated
(01:10:38):
by the Internet is devastating elderly people. It's likely the
same will be with AI help. That's very insightful. That
is a very very interesting point because so many older
people are terrified of the Internet, terrified of smartphones because
they haven't been taught. And I know when my dear mother,
God Rest her soul came to me in the mid
(01:11:01):
eighties and said, can you give me a computer? I'd like,
what do you want one for? She said, I'd just
like to learn what it's all about. And she did
on a pretty basic level, but she did. But that
isn't representative of a lot of older people who just
see there's something it's beyond me. It's too difficult. I
don't want to know about it. Maybe the education system
needs to be better, Maybe we need to take people
(01:11:22):
along with us. And it's the same with AI. There's
nothing to fear if you understand how it works and
operates well. For your chance to head along to see
the Robertson Brothers on either Wednesday, June twenty five at
Her Majesty's Theater or Sunday, June twenty nine at the
Barossa Arts Center, Tonnda give me a call right now.
Eight double two three double double five. The fifth caller wins.
(01:11:43):
The Robertson Brothers A Majesty's Theater, Wednesday night, June twenty five,
Barossa Arts Center, Sunday afternoon, June twenty nine. You're going
to have a wonderful, wonderful time. If you haven't seen
or heard of the Robertson Brothers, you are in for
a treat. Eight double two three double o, double five
back shortly double.
Speaker 8 (01:12:00):
A Mornings with Graham Goodings.
Speaker 1 (01:12:03):
Foster Living got you down, Well, you're not alone. Two
thirds of Aussies are still splashing cash on little luxuries
like vapes, alcohol, fast food and food delivery. And you're
racking up a bill of over thirteen and a half
thousand dollars a year. Almost half of us grab takeaway weekly,
two in five, hit the bottle low, and yes, Uber
Eats is still getting a workout find As finance experts say,
(01:12:26):
we're chasing that feel good hit, but warns keep those
indulgences in check. What is your feel good hit? What
is your indulgence? When things get tough, things get tight,
you haven't had a good day, come home, put the
heater on, sit down in front of Telly, kick your
shoes off and settle down to a what something that drinks?
(01:12:47):
Something to eat? What is it? What is your little indulgence?
What little indulgence? Wouldn't you give up? Let's know? Eight?
Double two to three double oh double low? Well who
has won the Robertson Brothers Her majesty Theater passes? Brian,
Good morning, congratulations to you, well.
Speaker 5 (01:13:01):
Thank you so much. Grime wonderful.
Speaker 8 (01:13:04):
Yeah.
Speaker 1 (01:13:04):
Have you seen the Robertson Brothers before?
Speaker 6 (01:13:07):
I have not know.
Speaker 1 (01:13:08):
Look, you are in for a treat. They do this
sixties variety show and the mean right up your alley.
Look the Beatles, Buttula Clark, del Shannon A. So, which
concert are going to go to? The one and the
Majesty Theater? Beautiful? Well you enjoy it, Brian, I'm sure
(01:13:30):
you will.
Speaker 11 (01:13:31):
Thank you so much, Grime, wonderful, great show.
Speaker 1 (01:13:34):
That's Brian who's won the tickets to the Robertson Brothers. Yea,
they are very, very talented. It's the good old fashioned
variety show. And if you love the music of the sixties, wow,
you're going to love this. Hi gg on the subject
of Santos sale. The Review Board should decline the sale.
It doesn't support our national interest. We are losing our country.
This is very serious. It's time we had an investigation
(01:13:57):
into who was doing these dodgy deals behind closed doors.
It's treason. What's happening simple as that Australians will be
a third Australia will be a third world country with
no access or benefit at all to our natural resources.
We have left our children and let them down for
being too comfortable and laid back. A she'll be right
attitude needs to go. And I think that's it we've had,
(01:14:18):
and it's been great from many years. The she'll be right, mate,
she'll be right. Well, it won't be right. It won't
be right. And someone said very wisely the other day,
and it scared the hell out of me that Australia
will be known as the quarry nation. That you know.
You come here and dig up your minerals and metals
and all these things and take them offshore, reprocess them,
(01:14:39):
manufacture and then Australians have to buy them back. And
we're all sitting here saying, oh, what a lucky country
we are, and we have no control over anything, and
that's the way it's heading. We don't have I think
we're down to two oil refineries. How much fuel do
we have in store? I think it's less than thirty days.
So I've perish the thought that we were to be
blockaded by China or the country and oil tankers couldn't
(01:15:01):
get to us within thirty days. Your car would be
grinding to a halt, and new people with ev smiling saying, Hi, well,
i'll pug plug mine int a power. Well that's all
well and good. But if the sun ate shining and
the wind ain't blowing and you're relying on coal, well,
the coal fired stations are running down, and gas, well
we're shipping all that off anyway. So that's going too
(01:15:22):
so from being what should be the greatest country on earth.
And I still think it is the greatest country on Earth,
but a country that is indebted to so many other
countries because we've sold the farm. Gg Re Santos, last caller,
not comparing apples with apples is forgetting the overseas company
is taking Australian resources out of the ground. Of course,
(01:15:43):
we need to be compensated for that. Without Australian oil
and gas. The company has nothing to process and to trade.
Thank you for that. Steve Robert says, I remember playing
monopoly as a child when gas, electricity, water and housing
were considered excellent investments. Playing monopoly should be come pulsory
in parliament during the lunch breaks. That's when Parliament actually sits.
(01:16:04):
How did that Chris barn remain in cabinet after the election?
He is a liar and useless. Surely we could do
better albow and notice Trump's given him the flip where
of no significance to USA? Now ah dear, yeah, we
can but wonder what is happening? Hi gg read the
sale of Santos. Forgive my ignorance, please, but why can't
the Australian government by Santos to secure our future energy independence?
(01:16:28):
Have our governments learned nothing from our past? Do they
have no foresight into the future where every country is
all for themselves. Seems to me there's an agenda with
our governments and it's not in Australia's best interest at all.
Thank you for that. Mark. Look, I don't believe there's
an agenda. I just think they're stupid. I don't think
that they're trying to sell us off because of these
(01:16:49):
deep dealings of international control and so forth. Don't think
they're that smart. I just think that that's all about
being re elected next time. Well, while we're in, we've
got the three years, we'll sort things out. Power prices
are coming down. Don't you worry about that. Sell Sados off,
that'll be a lot of money for the country. That's
all well, and good folks. Steady as she goes, Steve
(01:17:11):
says Resantos. If the company has sold three imperatives, Essay
must have guaranteed supply ahead of overseas interests. Two, Essay
must get the oil and gas at cost price. Remaining
oil and gas can be sold at market rates. Three
fair royalties must be paid for extraction of oil and gas,
not a fixed price over ten years. Going on you, Steve,
(01:17:33):
I think you've made some pretty good points there, And
on the power issue. I am a shareholder in Origin Energy.
There was an overseas consortium bid for Origin in late
twenty twenty three. I voted against it because I wanted
Origin to stay in nossy hands and I felt the
company had a really bright future in our complex energy world.
(01:17:53):
Fortunately the bid failed. No, it was quite close Origin
has been going great guns ever since, with its share
price and dividends both performing very well. So there you
have it. One aspect of Santos being sold is the
gas won't last forever and eventually the shares will be worthless. Meantime,
the government should put a huge tax on exports. Well,
you can say that Santos the gas won't last forever,
(01:18:15):
but it will last an awfully long time. And the
price that they're getting now, can you imagine what price
the gas will be worth in twenty or thirty years time,
way way more than it is now. And if we've
lost control of it? Crazy? What are your thoughts? Eight?
Double two three double oh is the number to ring mentioned.
The new data that is upheld of the long held
(01:18:37):
belief that ossie baby boomers are squirreling away their money
and not spending it. Well, we are the biggest spenders. Apparently,
far from being frugal retirees waiting for the sale and
chasing early bird specials, boomers are now the biggest spenders
in any age group. Can you relate to that? Are
you a big spender? Are you a boomer? Firstly? Are
you a big spender? Research conductor for communication firm WPP
(01:19:01):
shows over fifty's account for sixty four percent of new
car purchases and fifty five percent of all travel spending.
They also outspend millennials across nearly every category, from entertainment
and health to cars and online retail, and they do
it by about forty billion dollars. So there you go,
so simple but not cheap, ossie boomers. What are your
(01:19:26):
thoughts on that? Talking about buying cars? Then, if you
were to buy a new car, now not soying, you're
going to have to, but you would you buy an EV?
Where are you in the scheme of things and regarding cars?
If you were to buy a new car, would you
stick with a petrol or a diesel car? Would you
go for an EV or with a hybrid vehicle? What
(01:19:48):
would be your buying preference? There was an initial rush
towards EV's, particularly Tesla's, and they infiltrated the world and
sold remarkably around the world. There's been somewhat of a backlash,
and a lot of it is to do with Elon
Musk and his involvement with Donald Trump. So Tesla's are
not so much a dirty word, but not at the forefront.
(01:20:11):
China has taken over with dozens of different makes of evs,
infiltrating the world with them. But is that the future?
The future direction that you would go if you had
the money. I'm not saying you haven't got the money,
but all of a sudden you've got the money to
buy a new car. Would you buy an EV? Would
you buy an ice internal combustion engine, or would you
buy a hybrid? Or would you say no, I'm not
(01:20:34):
going to buy any vehicle or I'm happy with the
one I've got. Let's know what you're thinking. Eight double
two three double double. Oh, we've got to take a
break for news. Then how could the crisis and war
in the Middle East affect inflation? We're going to speak
with amp's chief economist, Shane Oliver. Back shortly five Double
A Mornings with Graham Goodings as we had to the
(01:20:55):
final r of the show. Still time for your calls
on eight double two three double double go on any
of the subjects we've been talking about, or something that
has peaked your interest, something that is happening in your
neck of the woods. You are the eyes and ears
of the five double A audience, so let's know what's happening?
Eight double two three double o double oh, Andrew says
on the text line alcohol is the one thing I
(01:21:16):
won't go with art and a cost of living crisis. Yeah,
what are the little things in life that you will
not do with art even if things are tough? Let's know,
love to hear eight double two to three double oh
double oh. Well, as we've been hearing during the morning,
a major escalation. Donald Trump has told ten million people
living in Iran's capital Tehran to immediately evacuate as two
(01:21:37):
US aircraft carriers make their way to the region. It
comes as Tel Aviv has been hit with missiles in
the fourth straight day of conflict between Israel and Iran.
It's the Latin nation dropped missiles on heavily populated areas.
The Middle East crisis is escalating. It would appear it
risks igniting inflation. What is likely to happen on the
(01:21:57):
Australian front? Joining us now at Doctor Shane oh of
the Ampechief Economist, Shane, good morning.
Speaker 6 (01:22:02):
To you, Good morning Graham.
Speaker 1 (01:22:04):
Have you well, yeah, very well? Thanks. We look with
a concerned eyes to what's happening in the Middle East.
What is likely to happen here in Australia.
Speaker 6 (01:22:15):
Well, yes, we certainly are looking with concerned eyes, not
just from a humanitarian point of view, but also from
an economic point of view, because we know that the
Middle East produces something like a third of global oil
and twenty percent of that global oil consumption daily flows
through the so called straight of or Move, which is
(01:22:36):
right next to Iran, and it's often threaded to blockade.
So the concern here, of course is that the conflict
escalates from just an exchange of missiles and fire between
Israel and Iran, leading to a situation where Iran feels
boxed in and lashers out and disrupts the flow of
oil coming from Saudi Arabia and United Arab routes and
(01:23:00):
so on through the stratifor moves, And of course if
that occurs, then we will see much higher oil prices
and a flow on to petrol prices in Australia. Of course,
for those with long memories were around at the time,
we saw something like that in the nineteen seventies and
early eighties thereas issues in the Middle East at the time.
Speaker 1 (01:23:22):
We've had a period of stability, haven't we, with pretty
well low fuel prices for a month on end, which
is seems to be a rarity, but this could change
pretty rapidly, it.
Speaker 6 (01:23:34):
Could, I guess, so you can sort of debate whether
they're low fuel prices. They're pretty high compared to where
they were a decade or so ago, but relatively speaking,
as you say, relative stability, they haven't been around the
level we had back in twenty twenty two. And I
think the average price around Australia looking at motor Mouth
is about a dollar seventy three alter of course, it
(01:23:56):
varies from city to city, and each city has their
own discounting cycle, so there's a range around that. But
roughly speaking, if the old price just stays where it
is now, so oil prices are already up about twelve
dollars a barrel internationally over the last couple of weeks.
If it just stays at that level, and most of
(01:24:16):
that rise was driven by their concerns about the war
and Middle East. If it stays at that level, then
you can see a twelve elet roughly increase in petrol
prices around Australia. I guess you might say, well, if
you look at that on a graph, it's not that
big a mooove. The typical discounting cycle in most Australian
(01:24:36):
cities ranges around thirty cents a liter, and we're still
well down on where we were a year or two ago.
But the real threat would come if it goes beyond that,
If there is a real disruption to supplies, then whether
we get oil from the Middle East or not, it
doesn't really matter. We don't get it from Iran, but
other countries do, and we are part of the world
(01:24:59):
oil I could at our petrol price is based on
world refined prices coming out of Singapore, which were affected
by oil from the Middle East, so we will be affected.
Hopefully it's avoided.
Speaker 13 (01:25:11):
You know.
Speaker 6 (01:25:11):
Donald Trump he referred to there so I can be
doing his best to add to the noise. And a
few hours before that he was saying that Iran wants
to make a deal, send to be good years shee.
Markets were rallying in the US. Now, of course, it's
a lot more concerning again with his comment about to
leave Tehran immediately, so it's all very uncertain as to
(01:25:34):
where this goes. I think ultimately there's a lot of
pressure on Iran to back down. They're getting overwhelmed militarily
by Israel. You know, they could they could face annihilation
if the US gets involved, and so there is an
incentive for them to back down and come to a deal.
But who knows which way will go and whether they
(01:25:56):
are looking at that interrational way.
Speaker 1 (01:25:58):
We certainly have it doesn't escalate any further, but assuming
it does, it risks. And you've said, you know, from
the point of view of fuel prices are likely to
escalate twelve cents a leter, what impact would that have
on inflation overall?
Speaker 6 (01:26:13):
Well, at twelve cents a leader rise would only add
about two point two percent to the headline inflation rate,
and I think the Reserve Bank would walk through that
as being relatively modest, focused on the underlying rate or
the trim means they refer to it as. And the
question would be if it escalates beyond thatsh and we
see all prices going up twenty thirty percent and similar
(01:26:36):
rises in our petrol prices, then you could see a
much bigger impact. And it does leave the Reserve Bank
in a bit of dislemma. Do they raise it restrates
responsor to the higher inflation from higher petrol prices or Alternatively,
which I think is more likely, they'd probably say, well,
this is actually going to be a tax on people
spending power. They'll have less money to spend from their
(01:26:56):
weekly budget and that will actually be a dabt or
an economic growth which will push down underlying inflation pressures
in Australia. So I tend to think the Reserve Bank
would still walk through it. It wouldn't jump at high
creates just because of a surgeon petrol prices. They'd be
conscious of the impact on the broader economy and the
fact that, for example, if you do get a twelve
(01:27:17):
CENTI larter rise, that's five dollars taken out of the
weekly household budget in Australia. Not a huge amount, but
still it's five dollars. If you get four times that amount,
then you're taking out twenty dollars a week, which then
starts to become more significant, and that money is taken
away from spending in the economy, spending in restaurants and
(01:27:39):
other things and shops in Australia, So that the Reserve
Bank would be conscious of that, and I think they
would still look through it. So at this stage we
haven't changed our view that an x rate cut is
coming in July and another one in August. We think
the Reserve Bank is still on track to cut, and
money markets are still saying, well, there's about an eighty
four percent charts of a cut in July. The uncertain
(01:28:00):
out of the Middle East hasn't really changed that.
Speaker 1 (01:28:03):
The stock market is obviously watching what's happening in the
Middle East very closely. As you said, the first utterances
of Donald Trump earlier today were positive. What's happened subsequently
and negative? What's happening at the moment.
Speaker 6 (01:28:15):
Well, today it's a bit lacked, really. I think the
market doesn't know what to do. Where the AX two hundred,
we're up seven points, which is less than point one percent,
so it's sort of just treading water trying to work
out what's going to happen. We did see a negative
reaction on Friday, you know, things didn't turn out as
(01:28:37):
badly as expected, so we saw a bit of a
stability yesterday and again today, so I think the market's
still trying to work out what's going to happen. I
think investors have become a little bit wary here because
we've sent so many complex in the Middle East that
ultimately come to nothing missile exchanges last year in April
and October. There was the war between Israel and a
(01:28:59):
mass in twenty twenty three, which is ongoing and hasn't
really affected oil prices. The Arab Spring, all sorts of
events over the last twenty thirty years, and none of
them have had anywhere near the impact that we saw
back in the back in the seventies and eighties, and
of course the early nineties at the First Golf War.
So that's why markets are not jumping around too much,
(01:29:19):
at least Australian mark who's not jumping around too much.
But I think investors are feeling a little bit nervous
about this because this news is coming on at the
same time that we've still got uncertainly about tariff coming
out of the US. We've got a good rally in
shares from their April lows. We've gone to a record
high last week, and the share market today is about
(01:29:41):
the highs it got to back in February. So we've
recovered all those losses. But now the market's sort of wondering, well,
where to from here? Are these things going to do
rail economic growth or can we push on and I
think we don't really know the answer to that until
we get some more clarity out of Iran and and Israel.
Speaker 1 (01:29:56):
A bit of a watch and wait, Shane, thanks so
much for your time today.
Speaker 6 (01:30:00):
Thanks grab, Thank you.
Speaker 1 (01:30:01):
Doctor Shane Oliver Amp, chief Economist, on the impact of
the Middle East conflict on interest rates, the share market,
fuel prices, and a whole lot more. Eight double two
three double o double is my number. Well. Just a
short time ago, Say Poll held a news conference. Say
(01:30:22):
Pile Acting Superintendent Damien Eichner has an update on the
Gilbert and Murder.
Speaker 19 (01:30:27):
Police Monitor Home and Walkerville Terrace at Guilberton, following reports
that a woman had smashed a window at the rear
of a house and gain entry whilst the occupants were
inside that house. Police located a female at the address
who was injured and behaving erradically. As this incident was unfolding,
police were made aware by ambulance officers who had attended
(01:30:48):
a unit complex immediately adjacent to the premises, where they
had located a sixty five year old man who was
found inside the unit with multiple stab wounds to his body.
Detectives and from Eastern District and Crime Investigation Branch attended
the scene and completed as it commenced an investigation in
relation to this incident. It was determined at that time
that the two incidents were linked, and investigations have continued
(01:31:10):
throughout the night and today. The woman has since been
charged with murder, trespassing and property damage. She has been
refused bail and will appear in court in the upcoming days.
Police investigation is ongoing and complex and there are multiple
scenes to be analyzed at this time.
Speaker 1 (01:31:26):
Let's say Paul Acting Superintendent Damian Eichner with an update
on the Gilbert and murder. This is five Double A Mornings.
Thanks for tuning in eight double two three Double Double
as my number back Shortley, five Double A Mornings with
Graham Goodings, Good morning, Welcome to mornings on five Double A.
Jane says I would buy a hybrid, not necessarily a
(01:31:49):
plug in hybrid, just the engine produced hybrid. Unfortunately, when
I bought my new car a few years ago, there
wasn't a good choice of smaller hybrid cars, so I
bought petrol. Where is there a better choice? I might
upgrade in a couple of years. That's thanks for that, Jane.
That's on the basis of if you were to buy
a car right now, what would it be. Would you
(01:32:09):
go for an EV would you go for a petrol
ice internal combustion engine, a diesel powered car or a hybrid?
Like to know a double two to three double O
double oh is the number to ring. Southa Stralian parents
are being urged to vaccinate their children against the flu
as cases continue to rise across the state. Currently, less
than one in five South a Stralian children under the
(01:32:31):
age of five have had a flu vaccine. While it's low,
it's still higher than the national average. To talk us
through vaccinations and their importance, Beck Rogers from the National Pharmacies, Beck,
good morning to you.
Speaker 3 (01:32:45):
Good morning to you too.
Speaker 1 (01:32:47):
Now I know National Pharmacies provide vaccinations for flu. How's
the uptake being from your point of view?
Speaker 12 (01:32:54):
The VP has been quite poort.
Speaker 3 (01:32:56):
So we are seeing probably around about a seventeen percent
increase on numbers compared with the same time last year.
We vaccinated about nineteen thousands people so far across the organization.
Speaker 1 (01:33:08):
Is that across all age groups?
Speaker 3 (01:33:10):
That's across all age groups?
Speaker 1 (01:33:12):
Yes, Why do you think there is a reluctance? I
mean if only one in five South ofa Stralia and
children under the age of five have had a flu vaccine,
is that people actually voting with their feet saying no,
I don't want my child to be vaccinated, or just
being a little bit careless and lackluster. What's your feeling
about it?
Speaker 3 (01:33:31):
Well, I think there are probably a number of reasons.
You know, it's about accessibility and needing to make an
appointment to go and get a flu shot. Whether the
parent prioritizes one for themselves I think probably plays a
part as well with respect to children under the age
of five. Unfortunately, in pharmacy we can't provide the free
flu vaccine that cut off is five years old. But
(01:33:53):
we certainly have been vaccinating bored children between five and seventeen,
or actually running a programmed where members children will get
a free flu vaccine if the parent is getting vaccinated
as well. We've done five hundred of those so far
this season.
Speaker 1 (01:34:07):
The flu vaccine is obviously important for young children, but
for older South Aussies too, Oh.
Speaker 3 (01:34:14):
It absolutely is, you know, and I think that the
flu vaccine is really important for all age groups, but
particularly those older and younger people. But anybody even healthy
children can get sick. So we would recommend to everybody
go and get the flu vaccine because even if you're
someone who's otherwise healthy, you can help to protect those
people around you who, if they do get the flu,
(01:34:37):
may end up in hospital.
Speaker 1 (01:34:38):
Is there any difference in vaccines for children, adults, and
older people?
Speaker 3 (01:34:45):
So older adults, for over sixty five year old to
have access to a slightly different vaccine which just creates
a stronger immune response in them, but otherwise it's the
standard vaccine.
Speaker 1 (01:34:57):
What about What would you say to people who say, oh,
you look, I had a a vaccine last year and
it gave me the flu.
Speaker 3 (01:35:03):
The flu vaccine actually can't give you the flu. It's
an inactivated virus. It can sometimes give you some mild
flu like symptoms for a day or two, you know,
while your body is actually activating that vaccine in your body.
And I think some people think they might get the
flu when they have their vaccine, but actually what's happening
is they've been exposed to the flu, maybe in the
(01:35:23):
days preceding their vaccination, and because the vaccine takes, you know,
a week to two weeks to kind of kick in,
they may get the flu.
Speaker 1 (01:35:31):
In the interim, I was going to say that how
long once you've had the vaccination does it take the
kick and you're saying about two weeks.
Speaker 3 (01:35:39):
Yeah, so up to two weeks to provide full coverage.
So you know, it's the middle of June. Now, it's
the first month of winter. It's a great time to
be getting vaccinated. We've still got those really cold chilli
months to come, and we want to try to keep
people really healthy. And if we go back to talking
about children, you know, kids are inside a lot more
during winter. You know, you think about the environment. You know,
(01:36:01):
if one kid goes down with influenza, then often you'll
find that that really goes around the classroom as well.
Speaker 1 (01:36:07):
And when it comes to getting the flu vaccine, how
long is it going to last you?
Speaker 3 (01:36:13):
So really the standard is just to have one flu
vaccine and it will last you throughout the flu season.
Speaker 1 (01:36:19):
Brilliant beck a greater chat. Thanks for you advice today.
Speaker 3 (01:36:22):
No worries at all.
Speaker 1 (01:36:23):
That's Beck Rogers national pharmacy pharmacologist or pharmacists cheap pharmacist.
And of course you can get the vaccines from national
pharmacies other pharmacies as well or if you go to
your GP, it's more likely to be free. The vaccine
is free for at risk groups, including children under five
(01:36:44):
years of age, people age more than sixty five years
of age, pregnant women, Aboriginal and Torres State arnor the people,
and those age more than six months with certain health conditions.
You can find out if you're eligible by visiting SAY
Health's website. Have you had the vaccine? Tell us your
experience with it. I'd like to know eight double two
three double o double oh is my number? Back to
(01:37:05):
the text line, sounds like boomers are driving inflation, made
the killing of selling off their investment properties for record prices,
then raked it in as interest rates went up on
their cash investments. It will be a long time, if
at all, before millennials get near that, unless, of course,
their grandparents don't spend all their inheritance. Well, why shouldn't
they spend the inheritance? If you earned it, spend it,
(01:37:29):
let's take it all. Christine, good morning.
Speaker 20 (01:37:32):
Oh, good morning, gig. I just wanted to say, in
regards to the flu vaccine for children, you know no
people have got that theory. Don't give it to them.
Speaker 7 (01:37:46):
Blah blah, blah.
Speaker 20 (01:37:47):
Anyway, one of our neighbors, a four year old, healthy,
bubbly child, got influenza A, ended up at the children
for six weeks on dialysis, nearly died, very very sick
(01:38:08):
in ICU and has just just pulled through, but not
one hundred percent yet.
Speaker 1 (01:38:18):
And that was through the flu was it that the course, yes,
influenza And they.
Speaker 20 (01:38:24):
Took on about three days to find out which was
the bug, and it was influenza A.
Speaker 1 (01:38:30):
I think that's one that's been around for a long time.
Speaker 8 (01:38:32):
Risky.
Speaker 20 (01:38:33):
The parents, he had been flown down because they had
gone for holidays at Easter to Gambit, had been flown
air lifted from there because he nearly passed away.
Speaker 1 (01:38:44):
To poor darling, that's that's an awful story, so.
Speaker 20 (01:38:48):
Critical that you every every minute of the day was
like high alert that the child might have passed away.
Speaker 1 (01:38:59):
Oh, I'm so pleased to hear that he pulled through.
Thank you for that, Christine there. So I guess that's
an endorsement to get your children vaccinated. My number eight
double two to three, double O, DOUBLEO. A little bit
later on, I'm going to talk to you about not
eating wild mushrooms. Why is it so five Double A
Mornings with Graham. Goodings, good morning to you. As we
(01:39:20):
enter the final half hour of the show, Morning Graham.
Now the announcement by PM Starmer and mister Trump that
this sub deal is beneficial to us both. Then Trump
carelessly drops the folder containing the agreement. Trump cancels meeting
with our PM and ups he flies off. Hmm, all
of that could be taken. It is now that ucus
(01:39:41):
not orcus as Australia definitely seems to be on the
outer call me cynical, but their body language is extremely interesting.
Ree boomers and spending, there's a large group of mainly
women over sixty who are floundering and DV survivors having
to uproot their lives not much superdue to raising the family,
et cetera, et cetera. It definitely makes it more more
than hard. Not all are as fortunate, and I see
(01:40:02):
it daily. Thank you for that, Kerry. You know I
take on board exactly what you're saying. Well, Boomers may
no longer be the largest group numerically, but they still
rule when it comes to spending. New data has dispelled
long held beliefs about Australian baby boomers and their spending habits.
Far from being frugal retirees, Boomers are now the biggest
spenders of any age group. Quite remarkable, and let's analyze this.
(01:40:26):
Pick it apart. Mark mccrendall, founder of mccrendall Research, joins me. Now, Mark,
good morning to you, Morning Graham. Now, a lot of
Boomers sort of were disappointed when we were no longer
considered to be the major group the population wise, in
all all dimensions. The Boomers were it. We've lost the
mantle as being the biggest group, but we're the biggest spenders.
Speaker 21 (01:40:48):
Yeah, that's right, because it's the highest net worth generation,
not only currently in Australia, but the highest networth generation
that Australia has ever seen. Boomers are about twenty percent
of the population and they own more than fifty percent
of Australia's national private wealth. So they've certainly done very well.
They're not the big income earners. That's now passed on
to the Gen x's and the millennials coming after those
(01:41:10):
in their thirties and forties. But as the baby Boomers
have moved out of full time roles and work and
many are now in their sixties and into their seventies.
They haven't given up that mentle of wealth. In fact,
their wealth has gone up in the last five years,
not down, even as they've moved out of the earnings.
Speaker 1 (01:41:28):
It would be thought, and the feeling was that these
boomers have moved into retirement leading a nice, nice quiet life.
But to see that they're spending on big ticket items
is probably quite surprising to most.
Speaker 21 (01:41:42):
It is they're certainly living their retirement years very differently
to those in the past. They're not the typical pension
it's at least not as a whole. When you look
at how they're spending their money as a generation, and
that's partly because they're living longer. You know, they're in
a sense younger longer, they're remaining in their homes for longer,
they are able to travel a lot later in life.
(01:42:04):
Rather than getting rid of the car, they're upgrading the car.
Rather than looking at retirement living, they're renovating the house,
and so all of that comes as an expense. But
as I mentioned, this is the generation that has that
money to spend, and even as much as they spend it,
it seems because of the value of the family home
and some of their investments it seems to be going
(01:42:25):
up their wealth even faster than they can spend it,
which is quite remarkable.
Speaker 1 (01:42:29):
The perception was that Gen Why was the biggest spending generation,
but this research is to spell.
Speaker 21 (01:42:35):
That yes, that's right now. Generation Why that are in
their thirties and forties, they're at the most expensive point
in life because they're moving into the family years. They're
buying groceries for the largest households compared to the other generations.
And they're not only spending because they're they're traveling and
(01:42:57):
school expenses, but they're also spending more on utilities electricity
as they have a larger home to manage. So they're
at the expensive point in life. But it's the Baby
Boomers who are spending more on the big ticket items.
As you mentioned when it comes to travel, it's not
the Millennials, the Gen Wires that are doing the big spend.
It's the Baby Boomers. They're the ones buying the new cars,
(01:43:22):
those investments. The total wealth of the Baby Boomers in Australia,
that twenty percent of the population is currently six point
two trillion dollars and that's the highest amount that any
one generation has ever owned in our history. So yeah,
they certainly have done well in the last fifty years
of this economic miracle, buying homes when they're affordable and
(01:43:42):
seeing them often quadruple in value.
Speaker 1 (01:43:45):
The suggestion is by some people that have been texting
me so saying, you know they're spending the inheritance of
their children and grandchildren.
Speaker 21 (01:43:54):
Well, there is a bit of that, but that's their
money that they've earned. I mean, this is the generation
that did work very hard. They started their earnings years
a lot younger than people today are. They didn't have
many the luxury of investing in their own education to
the extent that is normal today. And they not only
got in and started earning earlier, but they saved that
(01:44:15):
money earlier. And I guess if their investments in homes,
in super in shares and investment properties have paid off,
or they're entitled, having been frugal in the younger part
of life to now spend a little bit of that.
I have a feeling if we look at the accumulated wealth,
and as I mentioned, even as they've downshifted from their earnings,
(01:44:36):
their wealth has continued to grow as a generation. I
have a feeling that there'll still be a lot left
over for their children, we won't have to worry too
much about that. But look, if it is their time
to enjoy some of their hard earned then I think
we can understand and appreciate that.
Speaker 1 (01:44:52):
I'm still staggered at that figure that you mentioned that
boomers have six point two trillion dollars.
Speaker 21 (01:44:58):
Exactly when we looked at this same age group, so
those in their sixties through to their mid seventies, when
we looked at it five years ago or just before
the pandemic, it was about five point eight trillion dollars.
So the same group and the same number of people
or households, that total value has actually gone up. So yes,
(01:45:21):
those investments that they made, particularly in property. You know,
this was a generation that when they were starting out,
they weren't going for the trips. They weren't buying depreciating
assets like cars. They were getting buy on one car.
They were buying what they could afford in terms of housing.
But they saw that benefit of that and the force
savings that it meant as they paid down the mortgage.
(01:45:42):
They saw that real long term rewards and obviously property
has been a standard earner in Australia, so yeah, they've
done well. They played by the rules, they followed the
economic principles of investing in appreciating assets, and now they're
reaping the returns on that.
Speaker 1 (01:45:57):
So all this information is very interesting, Mark, But what
can you do with it?
Speaker 21 (01:46:03):
Well, I think it helps us understand something of the future.
And when we've been tracking the wealth and the attitudes
of Baby boomers, you know, while the headlines might look like, well,
they're a generation that are just going to spend big
and go on overseas troops and look after themselves, the
opposite actually is the fact this is the generation most
invested in their grandchildren. We found in our research that
(01:46:27):
two thirds of the baby boomers who have grandchildren said
that they expect to spend at least half of their
wealth directly on their grandkids. That is helping them out practically.
Maybe some are now paying school fees. They might help
them as they go to buy their first car, or
or for some even help them save up for a deposit.
But it's a generous generation that have done well economically,
(01:46:47):
that a passing that on not generation but the one
coming after. And I think that sort of information helps
us work out what's happening with our wealth and the
intergenerational transfer and really what the future holds.
Speaker 1 (01:46:58):
Martin mcgrendall, great to chat. Thanks for your insight, appreciate it.
Thanks very founder of mccrendall Research, Mark mccrindall. What are
your thoughts on that? Are you a millennial or baby boomer?
Where do you fit into the category? Are you part
of the sector that's got five point two trillion dollars
staged away? The idea like some of it to fill
(01:47:19):
to my way. Let's take a call Tim.
Speaker 5 (01:47:21):
Good morning, Yeah, good morning, Graham. How are you good?
Speaker 1 (01:47:24):
Thank you, Graham.
Speaker 5 (01:47:26):
I'm at service SA Gauler and I had to make
some alterations to my license and for ID I needed
to produce my birth certificate. So I bring my original
birth certificate of nineteen fifty three and it's not acceptable
(01:47:47):
for what reason I did? Not acceptable? They won't accept
it as ID because it's missing some government number on it. Well,
I've only got one original birth certificate. I can't get
another one.
Speaker 12 (01:48:05):
And where do I go?
Speaker 22 (01:48:07):
What do I do?
Speaker 1 (01:48:09):
Well, you can get a copy of your birth certificate,
birth deaths and marriages.
Speaker 5 (01:48:16):
That would show what I've got in my hand as
a part of the original.
Speaker 1 (01:48:20):
So it hasn't been raised over time. You're saying that
the number was never on there.
Speaker 5 (01:48:27):
Wow, there's never been a number on there.
Speaker 15 (01:48:30):
That's this.
Speaker 5 (01:48:31):
This birth certificate is the original written out in Victoria,
in Dales with Victoria by my mother and everywhere at law.
It tells you that your original birth certificate is as
far as identification is concerned, as gold.
Speaker 1 (01:48:50):
Yeah, exactly. So have you ever had to use it
before as a proof of identity?
Speaker 18 (01:48:56):
Yeah?
Speaker 5 (01:48:56):
When I got my passport years.
Speaker 1 (01:48:58):
Ago and they accepted it, they didn't up that fact.
Speaker 5 (01:49:00):
There was no problem with that.
Speaker 1 (01:49:03):
That is bizarre.
Speaker 5 (01:49:05):
That is I'm stuck because now because of our company,
the bank want would do verification because of the change
on the license. I've got to get this sorted because
the bank's about to close our accounts.
Speaker 1 (01:49:16):
So did you say that you'd used it before for
a passport for a passport?
Speaker 5 (01:49:21):
Ye, well, the passport's long expired.
Speaker 20 (01:49:24):
Yeah.
Speaker 1 (01:49:24):
I was going to say if you still had that
current passport that would I could bring it, but it's expired.
Speaker 5 (01:49:29):
I mean yeah, they wouldn't accept that either.
Speaker 1 (01:49:31):
No, I guess not.
Speaker 5 (01:49:34):
So I don't know where to go.
Speaker 1 (01:49:36):
I would suggest, and it's in Victoria unfortunately, because if
you went to birth, deaths and marriages here in Adelaide,
you might need someone to look at it and then
get justice as the peace, or somebody to witnesses.
Speaker 5 (01:49:51):
Say, somebody who doesn't know me to say that I
am who I am.
Speaker 1 (01:49:54):
So at the moment, you're persona on grata, you're non existent,
You're a non person and.
Speaker 5 (01:50:00):
The bank's are about to shut down our company accounts.
Speaker 1 (01:50:03):
Oh look, that's a ludicrous situation. I think you probably
need to get some legal advice on that. I think
it might be worth getting in touch with Johnson Withers
and just putting in a call and having a chat
with Tim Downey, Say, I got you to call him,
because look, that is a ridiculous situation. If it is
(01:50:24):
your legitimate birth certificate, you've used it since nineteen fifty three,
it has been okay, all of a sudden you find
out not But I mean this is getting close. I mean,
if the bank is going to foreclose on you, you're
in a very serious situation.
Speaker 20 (01:50:38):
Well it is.
Speaker 5 (01:50:39):
Because you know we've been our company can't trade.
Speaker 1 (01:50:42):
Yeah. Yeah, And that is the only form of ID
that is acceptable.
Speaker 5 (01:50:51):
That or a passport, And I don't.
Speaker 1 (01:50:53):
Have it, of course not No, that's run out and
I might be able to get.
Speaker 5 (01:50:56):
A passport because my birth certificate doesn't work.
Speaker 1 (01:50:58):
Catch twenty two. Catch twenty two.
Speaker 5 (01:51:02):
Welcome to Australian bureaucracy.
Speaker 1 (01:51:05):
Well it does seem ludicrous, but I mean I can
understand if part of the part of your birth certificate
is missing, but it was never It sounds like it
was never ended, it was never entered. Look, I would
I would. The first thing I would do would be
ring birth deaths and marriages in Victoria because it is
(01:51:25):
a Victorian issue, and say this is the problem that
the certain lettering numbers are missing. What is the situation?
Because I would assume that this sort of thing has
happened before. You would think there's an oversight somewhere along
the line. But you know, you've got to this stage
in your life and everything's gone fine, and all of
a sudden you've got to prove who you are and
(01:51:47):
after all these years you can't prove it. I mean crazy,
all right?
Speaker 5 (01:51:52):
Thank you?
Speaker 1 (01:51:52):
Yeah, Look, Birth deaths and Marriages Victoria, Johnston Withers Lawyers,
Tim Darney, give them a call and because you might
need someone with a legal background. A lawyer to step
in and contact the bank and say, you know, please
put this on the whole because this is an issue
that has to be resolved and you've got legitimate grounds
to challenge what they've ruled. I think, sorry, I can't
(01:52:15):
be more helpful than that. Tim, Let's know how it
turns out, will you.
Speaker 5 (01:52:19):
Yep, we'll do Thanks for that, all right, thank you.
Speaker 1 (01:52:22):
Oh what a unique situation. I really feel for Tim,
because this whole business is going to grin into a
halt because of bureaucracy. Has anyone been confronted with anything
like that before? Have you been in that situation where
they would not accept your birth certificate because some of
the filling out had not been completed. This is a
birth certificate dating back to nineteen fifty three. Remarkable, Geraldine,
(01:52:47):
Good morning to you. How are you today? How are
things in Salisbury?
Speaker 23 (01:52:49):
That happened to me?
Speaker 17 (01:52:51):
Oh many many years ago?
Speaker 1 (01:52:52):
Oh? Really? Yeah? There, yeah, account And I.
Speaker 17 (01:52:58):
Produced my birth certificate and the lady came back and
she said he doesn't accept that, he wants the original.
I said, well, you don't get the original. It's the
first test of marriages. The thing is, they never had
written they're always done on the computer or typewriter or whatever.
Speaker 1 (01:53:13):
That's right. It's an extract that you get, isn't. It's
called an extra mother, Sorry, say that again, Geralie.
Speaker 17 (01:53:20):
He said, if mother had handwritten.
Speaker 1 (01:53:23):
His well, he said that I didn't notice that.
Speaker 17 (01:53:30):
I thought, I'm sure, he said, if mother handra was
saying written by his mother.
Speaker 7 (01:53:35):
Yeah, there was some that wouldn't be acceptable.
Speaker 1 (01:53:37):
No, I wouldn't have thought so that births you remember.
Speaker 17 (01:53:41):
The first person to forget your god because the pink one,
that's right, and then only had your name on it.
I think it wasn't a date of birth.
Speaker 1 (01:53:49):
And then you can get an extract which you can
use which fulfills the requirement.
Speaker 17 (01:53:55):
Check somebody Mark Kirk. But he said, but I'm sure
he said that handwritten by his mother.
Speaker 1 (01:54:02):
Yeah, I don't know that you can fill out your
child's birth certificates.
Speaker 17 (01:54:08):
The only birth certificates come from birth sess the marriage,
and they're all done on the computer.
Speaker 1 (01:54:12):
Now, yeah, that's right, And you provide them with the
information and they fill it out.
Speaker 17 (01:54:18):
And he can fast forward when you order it and
they send it to a priority to pay a bit extra.
Speaker 1 (01:54:25):
Yeah, Well, in his case, though he said that the
important information was not on the original, so the original
in Victoria would be the same, because if those numbers
and letters weren't there, they weren't there then and there. Look,
thank you for your input there, Geraldine. Yeah. Look, we
really feel for anyone in that sort of situation. Quite remarkable.
(01:54:47):
If you can shed some light on it, please let
us know. Five Double A Mornings with Graham Goodings ten
to midday on five Double A on the subject of
birth certificates, Caroline, good morning, Hello, Hell are you well? Thanks?
Speaker 22 (01:55:04):
Yeah, I'm just ringing up just in regard to res
certificate my son, who is just thirty, so he was
born in ninety four. He had to produce his first
certificate for work, which he's done before, but because he's
in the building industry so for a lot of police
appearances and things like that, and he had to produce
it on the site that he's on now, and they
kept saying that they weren't going to accept it because
(01:55:24):
it had no number on the back, and it's like, well,
it's the original one that we got when he was born,
So I don't know, yeah, I don't know. And he
kept coming kept getting thrown back saying that can't accept it,
can't accept it?
Speaker 1 (01:55:36):
Was it finally accepted?
Speaker 22 (01:55:38):
Well, he hasn't said anything about it lately.
Speaker 15 (01:55:40):
So I reckon it was, but it was.
Speaker 22 (01:55:41):
He kept slaking, he kept saying photograph as the back
of it, and so he did, and there was nothing
on there.
Speaker 2 (01:55:46):
So I don't know.
Speaker 22 (01:55:48):
So it's not an old thing. It's like me and
he's only thirty.
Speaker 10 (01:55:52):
Yeah, back of anything, So I don't know.
Speaker 22 (01:55:55):
Must have got accepted now I haven't.
Speaker 23 (01:55:57):
Heard whether it hasn't or not.
Speaker 1 (01:55:58):
Oh, I thank you for Caroline. Yeah, we'll pursue that matter,
and Tim keep listening. In the meantime, Leith Forrest has
joined me in the studio.
Speaker 24 (01:56:07):
Oh, I'll be very quick because I can see you
get a lot of birth certificate calls to get through
very quickly. John Williamson coming up on the show today,
Old man, am you? And a little bit of controversy
in the TV realm if you live in the Southeast
or you live in the Riverland, no free to wear football,
no free to wear cricket as of July one.
Speaker 1 (01:56:25):
I heard that that's devastating disaster. Yeah, that is just
so wrong.
Speaker 24 (01:56:29):
So we touch on that too. May not affect too
many people in the metro, but like everyone we know,
family or friends or people that live in those particular areas.
Imagine you can't watch you know how angry we are
now with Saturday blackouts because of Fox. Yeah, imagine not
seeing any game, nothing at all for the rest of
the year.
Speaker 1 (01:56:47):
Get to the bottom at.
Speaker 24 (01:56:48):
Leith, sort this out, sound like Leon, see you after one.
Speaker 1 (01:56:53):
That's Leith Forest. Will be back a little bit later
in the afternoon. Sorting out the problems of the Southeast.
Let's take another call on this issue of birth certificates. Laurel,
good morning, Hello Ryan.
Speaker 12 (01:57:08):
My children were born in Victoria the nineteen fifty Yeah,
I'm in melbur Hospital and you had to go and
register the babies yourself. So you wrote out the birth certificates.
Speaker 1 (01:57:20):
Is that right, Okay?
Speaker 12 (01:57:21):
And that's in the nineteen fifty two, three, five, and six.
Speaker 1 (01:57:26):
Yeah. Well Tim Tim was born in nineteen fifty three,
so he fits into that pattern.
Speaker 12 (01:57:31):
Yes. So now the father or the father went and
registered the verse themselves.
Speaker 1 (01:57:36):
So they filled out the birth certificate, effectively.
Speaker 12 (01:57:38):
Filled out the certificate chairs so if something.
Speaker 1 (01:57:41):
Was missing, dear, thanks for that role. Laurel. Let's take
another call Roy, good morning.
Speaker 7 (01:57:48):
Yeah, grime, good show mate and least yes, he's excellent
as well, so you've got a really good team there.
Speaker 1 (01:57:55):
You're very kind, thank you. Yeah.
Speaker 7 (01:57:58):
Dispersed twos now in the mid fifties, and I was
a home birth. I was born on the same property
my dad was born on. And his as the hundreds
of decary, wouldn't it right?
Speaker 13 (01:58:14):
Just out and.
Speaker 7 (01:58:16):
His says, well, he's passed away now, but his was
a hundred of such and such, you know, like he
named it off. But mine says wood in the hospital,
wood in the hospital, and that was just I haven't
had any problems, but yeah, mine's sort of an opposite one,
you know. Yeah, it was registered and they've done that,
(01:58:41):
but they just put a wood in the hospital.
Speaker 1 (01:58:42):
So yeah, yeah, thanks thanks for sharing that story with us, Roy,
and we'll have more on the birth certificates. It seems
to have stirred up a hornets nest a lot of
people involved. Eight double two three double O double A
well five double. A's Best of essay is about celebrating
and profiling some of the great brands and our state.
Today we celebrate Maxima if Off your chance to win
(01:59:05):
a one hundred dollars Drake Supermarket Adventure and two tickets
to our Best of SA dinner Friday, twentieth of June.
Give us a call now looking for a job, apprenticeship,
traineeship or career change. Maxima can help you reframe what's possible?
Eight double two three double o double oh. Third caller wins,
Third caller wins. Who will it be? Alan? Good morning
to you?
Speaker 23 (01:59:24):
Yeah, good morning.
Speaker 5 (01:59:25):
How are you this morning?
Speaker 1 (01:59:25):
Good? Thanks?
Speaker 23 (01:59:27):
Yes, I might find yescause I was born nineteen forty
five in the you done the hospital, Yeah, And there
was a handwritten.
Speaker 7 (01:59:34):
Birth certificate which I still have.
Speaker 23 (01:59:36):
Written out, obviously written out by the nurses of their
sister or whatever they call it matron in the hospital
those days, and signed. It's got my mother's name, my
mother's maiden name, it's got my father's name, and my
address wis was Mount Mary out in the middle of nowhere,
and it has a it's obviously been filled out by
(01:59:57):
the hospital and signed by my late dad. And anyway,
for years I've held it. I've got it, and it's
got me through everywhere. So my good wife was born
in the hospital at the same time. You're done it
and her birth certificate has the same handwriting on it,
and of course different names, but it's obviously what was
done those days. Here was the hospital filled out the
(02:00:19):
birth certificate to father or the mother whoever signed it,
and it went down to being and has been copied
or put on the register. And I've got the original
and my.
Speaker 5 (02:00:31):
JP.
Speaker 23 (02:00:31):
I have no trouble with that. I've got certified copies,
and I also do certified copies for other people. So
I don't know what all the kafuffle is about. I
think the services say should get a kick up there.
What's his name?
Speaker 1 (02:00:44):
Good on you all, and thanks for that. It seems
to be a number is missing and the banks are
not happy with that. From the text line, Stag says,
this gentleman's experience is part of a larger problem among
many banks at the moment, with many closing a council
preventing access to funds over supposed identity concerns. Take a
look at the product reviews for many banks, and take
a look at the masses of people, often long term customers,
(02:01:05):
caught up in this nonsense. It does seem to be
a ridiculous situation, doesn't it. Roger says GG We had
a similar issue with our original birth certificates in entering
the details online. We went to service Essay Port Adelaide
and all was well. Apparently the more recently issued birth
certificates have a number which is accepted by the AI systems.
(02:01:25):
We got to get back to this. That technology is
causing the issue. I can understand for poor old Tim.
He's in a situation where he's business might shut down
effectively because the bank won't accept his idea of his passport. Well,
he does have a passport that's run out, so he
can't use that, but his birth certificate is not accepted
(02:01:46):
because there's not a number on the back. What can
you say eight double two to three double double. Oh
well no, I don't ring that number because we've run
out of time. Thank you very much for calls today.
We really appreciate it.
Speaker 8 (02:01:57):
Barth.
Speaker 1 (02:01:58):
I've got to announce the winner, James at Norwood. You're
coming along to the Best of South Australia dinner and
a one hundred dollars Drake Supermarket varchure two tickets to
our Best of SA dinner Friday the twentieth of June
at Adelaide Oval. Looking for a job apprenticeship, traineeship or
career change. Maxima can help you reframe what's possible. That's
it for today, Thanks for your company. Back tomorrow five
(02:02:21):
A Mornings with Graham Goodings