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Nigel Satterley, a Rich Lister and Liberal Party member, is so dismayed he thinks the Liberals could become a spent force in the state as its base and the business community turn elsewhere.
Labor MP Bill Shorten said Australia will not take a “backward step” in protecting against China; Australia’s gas price crisis will stoke inflation and crimp economic growth if it drags on, according to a snap poll of economists. Follow updates here.
Australian Energy Council says LNG exports not to blame for price, supply pressures; Liberal senator Simon Birmingham pins election wipeout on “perceptions” of party’s stance on climate, gender. Follow updates here.
Richard Marles says no immediate fix for rising energy prices; Labor ministry to be sworn in; NAB CEO Ross McEwan confident many mortgage holders in good shape as rates rise. Follow updates here.
AFR Banking Summit gets underway; Labor is set to retain the inner-Melbourne seat of Macnamara to clinch 76 seats; PM Anthony Albanese to unveil his frontbench. Follow updates here.