AUSTRALIA Parliament House’s façade will be sporting green and gold this Sunday and Monday night with a striking illumination to show support for the mighty Matildas in the FIFA Women’s World Cup.

President of the Senate, Sue Lines and the Speaker of the House of Representatives, Milton Dick MPsaid the government was proud to be supporting the FIFA Women’s World Cup by illuminating the nation’s parliament.

“We are delighted to shine the light on women’s sport. The Matildas are wonderful role models for our next generation of athletes and Parliament House will be cheering them on when they play Monday night,” president Sue Lines said.

“Sport has always had a way of uniting Australians, and the Matildas are part of this history. And what better way to recognise this, than by lighting up our iconic Australian Parliament House,” Speaker Milton Dick said.

The green and gold illumination of Parliament House for the Matildas will be on Sunday, August 6 and Monday August 7 from 5.45pm to midnight.

All are welcome to come along to the Parliament House forecourt to show support for Australia’s Matildas.

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THE Joint Standing Committee on Treaties (JSCOT) has tabled a report recommending the ratification of two treaties.

They are the Agreement between the Government of Australia and the Government of the Democratic Republic of Timor-Leste on Cooperation in the Field of Defence and the Status of Visiting Forces (Canberra, September 7, 2022) (Timor-Leste Agreement) and the Agreement between Australia and the Republic of Serbia on Social Security(Belgrade, January 20, 2023) (Serbia Agreement).

The Timor-Leste Agreement establishes a legally binding framework to govern defence cooperation activities between Australia and Timor-Leste. The Agreement would facilitate a range of cooperative activities including the conduct of maritime military and other operations; exchanges and exercises; international humanitarian assistance and disaster relief; education and training; and logistics support.

Committee Chair, Josh Wilson MP said, “This agreement would deepen the strong relationship between Australia and Timor-Leste. It would provide for closer and improved cooperation on defence activities with Timor-Leste and allow Australia’s significant international support for Timor-Leste to grow.”

The Serbia Social Security Agreement allows each country to pay a benefit that reflects a person’s association with that country’s social security system. The Agreement covers the age pension for Australia and pension and disability insurance for Serbia. The Agreement would allow for a claim for a benefit to be lodged in either country and for the sharing of information.

Mr Wilson said, “The Agreement would help maximise the income of Australian residents and further strengthen ties between Australia and Serbia.”

The reports can be found on the Committee website, along with further information on the inquiries.

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THE Reserve Bank of Australia’s decision to hold interest rates is a welcome reprieve to households as ABS data released today shows more bad news for Australia’s housing crisis with new home building approvals falling by 7.7 percent in June, said Master Builders Australia CEO Denita Wawn.

“We can already see the impact of interest rate rises exacerbating the housing crisis," Ms Wawn said.

“Attention needs to be turned to addressing the structural undersupply challenges of the housing market. The rental market is feeling the brunt of this pressure with higher-density home building approvals sinking by 21 percent in June.

“New apartment and unit building is a key source of new supply for Australia’s rental market. These results come on top of last week’s figures showing that rental inflation has shot to its highest rate in 14 years.

“Sadly, the uptick in higher density approvals in May was short-lived with approvals returning to low levels since before the pandemic. Right now, many new home building projects are failing to get off the ground due to the combination of high costs and a declining investment appetite, inflamed by rising interest rates.

“We need to see governments working to make it easier for new projects to get the green light by kickstarting private investment and reducing development costs and delays," she said.

“Taxes, regulations and the industrial relations environment all have an impact on the cost of construction.

“The building and construction industry continues to implore the Opposition and crossbench to pass the Housing Australia Future Fund legislation,” Ms Wawn said.

www.masterbuilders.com.au

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THE Joint Standing Committee on Treaties (JSCOT) held a public hearing yesterday into the Protocol Amending the Marrakesh Agreement Establishing the World Trade Organization: Fisheries Subsidies Agreement.

Committee Chair, Josh Wilson MP said, “The proposed Agreement is important in ensuring global food security and protecting livelihoods. The Agreement contributes to ocean sustainability and addresses the decline of global marine capture fisheries resources.”

The Agreement prohibits the granting or maintaining of subsidies for vessels engaged in Illegal Unreported and Unregulated fishing, subsidies for fishing or fishing related activities regarding an overfished stock, and subsidies for fishing or fishing related activities in the unregulated high seas.

Mr Wilson said, “The Agreement provides for targeted technical assistance and capacity building for developing country members which is important in ensuring that all members can meet the requirements of the Agreement.”

The committee heard from officials from the Department of Foreign Affairs and Trade (DFAT) and other stakeholders.

The hearing was able to be accessed online and details are available on the Committee website, along with further information about the inquiry.

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