Here is a look at what is making news around the country today.
Today’s national news includes the Northern Territory crime rate at a 10-year high, Superannuation fund Rest will invest $1 billion into Australian-owned renewable energy investor and developer Quinbrook, Australian federal government releases 2023-2030 Australian Cyber Security Strategy, and Aussie workers missing out on $131 billion in unpaid overtime.
Nation
Cybersecurity plan to protect small businesses and critical infrastructure
The Australian federal government has released the 2023-2030 Australian Cyber Security Strategy with a focus on protecting the country’s most vulnerable citizens and businesses. At first glance, the strategy covers a lot of ground, and the government will need to work hard and fast to ensure some of all the actions proposed are put in place before the next big breach. On top of $2.3 billion already being spent on cybersecurity, the government has committed $586.9 million to execute the seven-year strategy, CSO has reported.
Regions
Northern Territory crime rate at a 10-year high
Assaults, sexual offences, break-ins, thefts and robberies are at a 10-year high in the Northern Territory, with the opposition calling for action on “out of control” crime, The Daily Telegraph reported. Compared with the average rate of offending over the same period from 2013 to 2022, this year has seen a 62 per cent rise in reported domestic violence assaults, 32 per cent rise in assaults involving alcohol, 13 per cent rise in sexual assaults and 31 per cent rise in property offences. House break-ins are up 61 per cent, commercial break-ins have jumped 47 per cent, and there has been a 139 per cent increase in robbery, extortion and related offences.
Companies
Rest commits $1 billion to Quinbrook
Superannuation fund Rest will invest $1 billion (655 million) into Australian-owned renewable energy investor and developer, Quinbrook Infrastructure Partners. The fund has a particular eye on green data storage centres, PV Magazine has reported. Specifically, Rest is looking to “provide exposure” to assets like as solar and battery projects and green data storage centres, including Quinbrook’s Supernode green data campus in Brisbane – believed to be the largest in the southern hemisphere.
Workplace
Workers missing out on $131 billion in unpaid overtime
The average Australian worker misses out on more than $11,000 in wages a year due to unpaid overtime, according to the Australia Institute’s Centre for Future Work. It also found out that employees are doing an extra 5.4 hours of unpaid work every week. That adds up to 281 hours (more than seven full working weeks) over the year, which is costing workers an average of $11,055 in unpaid overtime or a collective $131 billion when added up across the country’s entire workforce, 9News reported.
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