Murray Olds

What it does, of course, I mean, Anthony Albanese hurrying home from Asia where he's been begging for fuel supplies from

from Singapore, Brunei, Malaysia.

It hasn't gone to Korea yet, but that might be on the cards.

You know, it just underlines, doesn't it, the very perilous nature of Australia's fuel supplies.

We have very limited refining capacity here.

I did slap the Liberal government last week on this program.

And it was unfair because it wasn't that Angus Taylor, who was then Energy Minister, he didn't close them down.

They simply left Australia because it was cheaper.

The scale and the economy, like some of the other things, Mike, it's cheaper to make it in Asia.

Look, Washington says we want 3.5% of GDP spent on defence.

You have to do something to look after yourselves.

Well, Mao says, look, under our big spending plan, it's over $50 billion over the next 10 years, we're going to be just on 3%.

Yes, it's not 3.5%, but it's got to be 3%, so we're on the way.

But if you look at the way it's being counted, as you point out, the Australian government now is adopting the NATO model

not the American model.

And the NATO model includes expenditure on veterans' compensation, military pensions, housing for Defence Force personnel.

Border force is also in there.

And you get, you know, some military spies.

They're also included in the defence spend.

And what Washington's talking about, as you and I both know, sharp-ended stuff like drones and better missile capacity.