Speaking on the ABCâs RN Breakfast on Tuesday, Littleproud said Australia would be the first jurisdiction in the world to measure and reward improvement in biodiversity on farming land.
He said it would offer farmers who had been approved to generate carbon credits through projects to reduce emissions â such as restoring or not removing vegetation â an extra upfront premium payment for additional steps that also emphasised biodiversity protection.
It could require them to plant a mix of species consistent with the landscape, and manage and look after the vegetation.
One of the architects of the scheme, the Australian National University environmental policy specialist Prof Andrew Macintosh, said it was expected the carbon credits would be attractive to companies that wanted to buy them as offsets and also be able to say they were helping to look after the natural environment.
New authority to keep a close eye on corporate watchdog
New authority to keep a close eye on corporate watchdog
The government has rushed new legislation to Parliament in the wake of its ushering in a new broom at ASIC, which will keep the regulator accountable to an independent authority charged with assessing its effectiveness.
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The Financial Regulator Assessment Authority (FRAA) Bill 2021, introduced to Parliament last week, gives effect to a number of recommendations arising from the royal commission around creating a new body to assess the effectiveness and capability of ASIC and APRA.
Treasurer Josh Frydenberg announced the creation of the FRAA last month as he revealed outgoing ASIC chair James Shipton was to be replaced with current Herbert Smith Freehills senior adviser Joe Longo, with the authority to take a key role in advising Mr Longo as to what changes are needed to be made at the regulator.
The Morrison government will scrap two of its most controversial Aboriginal employment programs, including the punitive remote Community Development Program (CDP) or “‘work for the dole” scheme, which will be phased out later this year. The government will also get rid of the heavily-criticised multimillion dollar employment party initiative (EPI) through which it has been handing millions of dollars tagged for addressing Indigenous disadvantage.
Soldiers allegedly left without $1.6bn battle computer The nation’s largest joint military exercise could operate the “old fashioned way” following allegations a defence computer system had been compromised.
News by Jodie Munro O’Brien 12th May 2021 3:47 PM
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Subscriber only The Australian military might have to return to analogue ways during Talisman Sabre 2021 - their biggest biennial joint military exercise - in July after an alleged security breach was found in the $1.6 billion Israeli-made computer system they use. But Elbit Systems of Australia Managing Director, Paul McLachlan, denies the battle management system (BMS) technology had been compromised. Elbit Systems of Australia strongly refutes the security rumours, he said in a written statement.