News

The Pharmaceutical Benefits Scheme (PBS) is a government program that subsidizes the cost of prescription medicines, making them more affordable for Australians. On May 25th, 2023, both major political parties announced plans to reduce the maximum co-payment to $25 for general patients, making essential medications even more accessible.

Tasmanian salmon companies are facing scrutiny over their handling of a bacterial outbreak that led to the deaths of thousands of farmed fish, with questions remaining about whether diseased fish were sold for consumption. While companies insist their products are safe, concerns about environmental impact, animal welfare, and consumer safety have cast a shadow over the industry's future.

Several developers have abandoned a proposed offshore wind farm in Western Australia, citing challenges and lack of support, raising concerns about the project's viability. Despite the setbacks, the federal government remains optimistic, while the state government expresses support but the opposition vows to scrap the project.

The CLP government in the Northern Territory has faced a turbulent first few months, dealing with an ICAC investigation into the police commissioner and the controversial creation of a powerful "territory coordinator" role. Despite criticism and challenges, Chief Minister Lia Finocchiaro has managed to push through her key economic reform, proving her leadership in the face of adversity.

Australia's grocery market is dominated by two giants, Woolworths and Coles, who hold an almost 80% market share and face limited competition despite accusations of price gouging. Investigations have found no evidence of price collusion but revealed concerns about the power imbalance between the giants and their suppliers, leading to calls for increased regulation.