Here is a look at what is making news around the country today.
Today’s national news includes PM Albanese criticizing China over a fighter jet incident over international waters, RBA keeping policy rate stable at 4.35 per cent, Five Bonza aircraft being taken away despite administrators’ effort to retain them, and $8.5 million West Beach Surf Club opening.
Nation
PM Albanese criticizes China over fighter jet incident
Prime Minister Anthony Albanese has accused Beijing of “unacceptable” conduct after reports a Chinese fighter jet fired flares in the flight path of an Australian navy helicopter over international waters, Aljazeera reported. The MH60R Seahawk helicopter was flying above the Yellow Sea on Saturday as part of the United Nations’ efforts to enforce sanctions on North Korea when a Chinese Air Force J-10 jet dropped flares above and several hundred metres ahead of it. Albanese said Australia raised its concerns through diplomatic and military channels, although Beijing has not responded.
Economy
RBA keeps policy rates stable at 4.35 per cent
The Reserve Bank of Australia kept the policy rate stable at 4.35 per cent. The status quo followed the observation that inflation was declining slower than expected (3.6 per cent q/q in Q1 this year from 4.1 per cent), FXStreet reported.
Business
Bonza aircraft taken out of Australia despite administrators’ attempts to stop them
The Herald Sun reported that budget carrier Bonza’s future is grim. According to the Federal Court, the airline’s fleet will be removed from Australia and administrators can do nothing to prevent it. Five Boeing 737 Max 8s are not in the airline’s possession after the leases were terminated by AIP Capital 90 minutes before administrators were appointed. Without access to aircraft, it was difficult to imagine how Bonza could return to the skies. There were over 60,000 creditors in the three largest groups including 323 employees owed wages and annual leave. In addition, there were 57,933 customers with forward bookings and 120 trade creditors.
Regions
$8.5 million West Beach Surf Club opens
The West Beach Surf Life Saving Club, one of South Australia’s cornerstone surf lifesaving institutions, celebrated the completion of its $8.5 million redevelopment, Glam Adelaide reported. The renovated two-story building boasts state-of-the-art amenities aimed at bolstering current volunteers’ capabilities and recruiting more members. Notable upgrades include a strategically relocated first aid room, a new beach access ramp for faster emergency responses, and improved ambulance access. The club also features an updated patrol control room to enhance beach safety. It also features increased storage for lifesaving equipment and boats, as well as a modern gym, changing rooms, and a conference room.
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