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Global Scans · Australia · Weekly Summary


WHAT'S NEXT?: Australia will no longer be known for being as dependant on the export of natural resources over the next half century as in 2012. The need for new infrastructure to meet the strong population and economic growth of Australia will continue to be a priority for the medium term. There's no doubt the aftermath of China's credit boom poses a much bigger economic threat to Australia than Britain's withdrawal from the European Union. The Growth rate for Australia is expected to be stronger, although still below the long-term trend.

  • [New] Australian producers already contribute significant amounts to biosecurity systems and remain open to sensible opportunities to invest in actions that deliver tangible and additional biosecurity outcomes. Mirage News
  • [New] Future space activities in Australia that involve US technology will require a more detailed consideration around the planning of technology safeguards and a robust technology security plan. Corrs Chambers Westgarth
  • [New] Although the obligations in the TSA are imposed on Australia as a nation rather than Australian entities directly, certain obligations are expected to have a flow-on effect on Australian entities participating in launch activities that involve US technology. Corrs Chambers Westgarth
  • [New] Observers expect the TSA to pave the way for more American companies, government organizations and universities to participate in space launches and related activities in Australia involving sensitive US space technology. Corrs Chambers Westgarth
  • [New] Global heating will cause snow cover in the Australian Alps to decline by 78% by the end of the century - much faster than the declines assessed in six other major skiing regions, new research has found. The Guardian
  • [New] German researcher Veronika Mitterwallner and her colleagues show average annual snow-cover days may decline by 78% in the Australian Alps and 51% in the Southern Alps of Aotearoa New Zealand (under a high-emissions scenario) by 2071-2100. The Conversation
  • [New] Research released overnight suggests ski areas in Australia and Aotearoa New Zealand will soon have much less snow due to climate change. The Conversation
  • [New] Reduced demand for Australia's low-grade iron ore could put pressure on its producers' revenue, or even force some smaller iron ore miners to shut down. The Conversation
  • [New] The Australian Automotive Aftermarket Association, the peak body for the automotive aftermarket industry, strongly supports the legislation which will be an important step to remove dishonest and fraudulent RTOs that exist as a minority within the automotive training industry. AAA Magazine
  • [New] Most countries in the world already have similar emissions policies in place and the NVES in Australia is scheduled to take effect from the 1st of January, 2025. AAA Magazine
  • [New] The tariffs identified have been selected because their abolition will deliver benefits for businesses without adversely impacting Australian industries or constraining Australia in sensitive FTA negotiations. The Conversation
  • [New] More nations started to join the fighting against the Erdogan regime, which is why Australia and New Zealand split their troops sent to Europe, so that additional reinforcements could support the europeans against Turkey. Future
  • [New] The Australian Competition and Consumer Commission will investigate pricing and competition in the supermarket sector to ensure Australians pay a fair price for groceries. The Mandarin
  • [New] Australia must diversify its exports and imports to avoid vulnerabilities arising from volatile prices or highly concentrated supply chains. Mining Technology
  • [New] Climate change is the biggest risk not just to the Great Barrier Reef in Australia but also to coral reefs around the world. CNN
  • [New] The current Australian Curriculum provides opportunities to engage young people in discussions about gender stereotypes and power in age-appropriate ways, in both primary and high school. The University of Sydney
  • A senate hearing is taking place today, discussing where Australia will store nuclear waste from the Aukus submarines. The Guardian
  • The recent Agricultural Commodities and Australian Crop by Australian Bureau of Agricultural and Resource Economics and Sciences reports are predicting that the gross value of production in 2024-25 will increase after poor seasonal conditions affected outcomes in 2023-24. AgroSpectrum Asia
  • India, Indonesia and the Philippines get trade data in the coming week, and Australia will get the February NAB Business Conditions gauge and household spending numbers. financialpost
  • The most constructive thing that the United States could do would be to continue to build a regional economic architecture in cooperation with countries like Japan and Australia. Asia Pacific Initiative <
  • The Albanese government's preferred model is expected to cut 369m tonnes of CO2 by 2050 - equivalent to the last six years of emissions from light vehicles in Australia. The Guardian
  • Australia is now, by a distance, the top exporter of sheepmeat in the world, with exports forecast to reach 547,000 t in 2024, with New Zealand in second place - it exported 384,000 t of sheepmeat in 2023. Irish Farmers Journal
  • As per the Australian Government, Department of Industry, Science, and Resources, by 2025, there will be 1.5 million metric tonnes of lithium carbonate equivalent in demand worldwide, and by 2030, there will be over 3 million metric tonnes. Veye Pty Ltd

Last updated: 22 March 2024



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