Shots fired in shaky ceasefire + What you need to know about Palantir
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What are the latest headlines affecting Australia?
A Listener Production. Hello, Sasha Barbagat with you. Welcome to The Briefing. You might have heard of Palantir, the AI-driven analytics company that's being used by ICE in the US and Coles right here in Australia. Now there's a push for the Australian government to rip up its contracts with the controversial body, with one senator dubbing it a national security risk.
There's a big chunk of camera who can't seem to distinguish between the national interests of the United States and the national interests of Australia. And I suppose if you don't see a difference between the two, you might invite Palantir in for afternoon tea.
We deep dive Palantir, its role in Australia and the fight to get rid of it in the second half of this episode. First, it is time for the headlines with Chris Spirou on Tuesday 5 May.
Morning, Sash. We're starting in Canberra today as more budget news trickles through a week out from the announcement. The latest is around EVs with the government set to keep its tax break for the cars despite blowing out costs, but will introduce new measures to rein some of the spending in. The incentive has saved drivers thousands of dollars on the purchase of both new and used EVs, making the decision to keep the tax break a particularly timely move right now as more people look to ditch petrol cars amid the Iran war.
Yeah, so this incentive allows employers to avoid paying fringe benefits tax on EVs under $91,000 purchased through a novated lease, but it will be moved to a 25% discount.
How is Palantir involved in Australian national security?
Now, that will save the budget $1.7 billion over the next four years. after the cost of the tax break blew out to $1.35 billion this financial year alone. Labor is continuing meantime to lay the groundwork ahead of next Tuesday's budget, with more chatter around whether a key election promise is being broken by the government through the introduction of changes to capital gains and negative gearing rules, Chris.
Yeah, the Treasurer Jim Chalmers yesterday insisting making the right decisions for Australians is more important.
The best way to build trust is to make the right decisions for the right reasons. And so what we are thinking through as we finalise this budget is not about, and never will be about, setting some Australians against other Australians. It's about recognising some of these legitimate intergenerational concerns.
It's widely tipped that we will see very little spending in this paper with savings to be prioritised and we've kind of already seen that with the announced changes to the NDIS.
Yeah, that's right. Interesting there to see Jim Chalmers saying that an election promise doesn't matter when it comes to, you know, tackling intergenerational, you know, inconsistencies and wealth and things like that. Yeah. I do think Labor has a bit of a mandate to make changes in this space given the landslide win and they are... It is tactical. They're two years out from the next election right now.
Yes, they've got a lot of buffer space for people to forget.
That's absolutely right.
What controversies surround Palantir's data collection practices?
But I do think that for, like, most Australians, you know... there's the argument that they're targeting mum and dad investors here who have one or two properties and it's how they, you know, are able to get ahead and, you know, set themselves up for retirement and things like that, which is important. However, I think a lot of people are saying that what's important at the moment is how we can support first home buyers getting into the market, whether that's younger people, whether that's, you know, nurses who, you know, can't even afford to live near where they work. So, you know, I think overall this policy will be fairly well received, proven wrong. And look, on the cost of living topic, we should mention before we move on to the next headline that the RBA is of course making its interest rates announcement today, and it is widely tipped that we'll see an increase in the cash rate of 25 basis points to 4.35%.
That'd mark a third consecutive hike. And this would return us to the peak of the cash rate that we saw
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Chapters
8 chapters
1
What are the latest headlines affecting Australia?
0:02–1:34
2
How is Palantir involved in Australian national security?
1:34–2:59
3
What controversies surround Palantir's data collection practices?
2:59–4:36
4
How has Palantir evolved since its inception post-9/11?
4:36–6:40
5
What are the implications of using AI in surveillance and data analysis?
6:40–7:52
6
What grassroots movements are emerging against Palantir in Australia?
7:52–9:49
7
How do public perceptions shape the future of data privacy?
9:49–10:42
8
What actions are being called for regarding Palantir's contracts?
10:42–26:06
Speakers
4 identifiedMore from The Briefing
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