One Nation blasted on immigration; AI takes control of jobs; Tesla insurance cheaper
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Why are the federal government and opposition criticizing One Nation’s immigration policy?
Welcome to Fear and Greed, business news you can use. Today, the federal government and opposition unite in criticising One Nation's immigration policy and Pauline Hansen's comments on Indigenous Australians. The Reserve Bank's chief economist warns that inflation is too high, and how AI writes the resume, reads it, and conducts the interview. Plus, the Wyala Steelworks to close with the loss of 600 jobs. And why Tesla owners might pay less for car insurance. It is Tuesday, the 15th of September 2026. I'm Michael Thompson, and good morning, Sean Aylmer. Good morning, Michael. Sean, the main story this morning: the federal government, the opposition, and business leaders, they've all united to slam One Nation's immigration policy as economically reckless.
Though Pauline Hansen has hit back saying that the Reactions from, quote, vested interests and elite economists were to be expected. Now, One Nation has launched the policy that aims to reduce the number of temporary and illegal residents by 766,000. That's over the over a period of three years. There are around 3 million temporary visa holders in Australia at the moment. That is a million more. than when Labour came to power.
One Nation's policy primarily targets student visas and family reunion programs with the goal of getting the temporary migrant population to about 2.1 million in three years' time. For example, temporary skilled migrants would no longer be able to bring in spouses, uh, children, other dependents under One Nation's plan. Health Minister Mark Butler said it would smash industries like construction, devastate the health sector, and HW. Care and disabilities, which rely heavily on migrant workers, particularly in regional and rural Australia. Opposition leader Angus Taylor said there was no economic modeling with the policy, and such changes would hurt groups like farmers, business builders, cafe owners.
Business groups came out. They said it would be a bigger shock, or at least one did, bigger shock to the economy than the pandemic. Clearly. No one seems happy with one nation immigration policy apart from one nation.
Indeed. Now uh Senator Hansen also attracted a lot of criticism yesterday for comments that she made on a podcast last year, uh where she criticised the amount of focus on indigenous history in the school curriculum.
The One Nation leader said Indigenous Australians were not worthy of focus in the school curriculum, arguing they have not contributed much to the country and never invented the wheel. on the Jamie J podcast. I'm quoting her, these are purely her words.
How is the Reserve Bank’s chief economist warning that inflation is “too high” affecting Australia’s economy?
And I'll say it on your program. What the hell have they done in this country? You know, supposedly sixty thousand years They'd never invented the wheel. There was nothing here. What are we actually holding up? A few, you know, rock paintings. Sorry, they're most primitive race on earth. All sides of politics criticized Hansen's comments yesterday.
Yeah. And little wonder. I mean, they are uh completely out of line, those comments. And i i it is interesting though, isn't it, the fact that these were comments made on a podcast nearly twelve months ago, September of twenty twenty five, and they're only coming to light now. It it is probably a bit of a demonstration of just how seriously some of the other parties are now taking The threat posed by one nation, when you look at the latest uh Resolve poll that was running in the nine newspapers yesterday, and they've got uh One Nation sitting at uh, I think primary vote of twenty-seven percent compared to Labour at twenty-eight percent, and the coalition well and truly in third place with twenty-four percent.
It is interesting that comments like these, which should never have been made in the first place. in the first place, but now suddenly are surfacing twelve months later. Later.
So you're alluding what you're alluding to, Michael, is that the people finding these comments and letting the journalists know about the comments are potentially the major parties. Probably well, I don't know who they are, but you would think the coalition has more to gain than Labour on this issue.
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Chapters
8 chapters
1
Why are the federal government and opposition criticizing One Nation’s immigration policy?
0:06–2:46
2
How is the Reserve Bank’s chief economist warning that inflation is “too high” affecting Australia’s economy?
2:46–5:11
3
What impact will the closure of the Whyalla Steelworks have on the 600 workers and the regional economy?
5:11–7:53
4
How is AI reshaping the recruitment process—from writing resumes to conducting interviews?
7:53–11:19
5
Why is Zurich offering cheaper car insurance to Tesla owners who use Full‑Self‑Driving technology?
11:19–13:36
6
What are the implications of the US Federal Reserve’s potential rate hike for Australian markets?
13:36–16:25
7
What insights does APRA Chair John Lonsdale share about regulating banks, superannuation and insurers?
16:25–18:41
8
Will AI eventually replace human workers and what does that mean for future job seekers?
18:41–19:21