Australia politics live: Angus Taylor says Coalition would repeal Labor tax cuts in favour of ‘temporary, targeted’ cut to petrol prices

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Coalition would repeal Labor’s tax cuts in favour of halving fuel excise, Taylor says

The shadow treasurer, Angus Taylor, is speaking with ABC RN to tout the Coalition’s intention to halve the fuel excise for 12 months if elected.

He described the move as “temporary, targeted, but immediate relief for some of the hardest working Australians who are under the most pressure in our community”.

As for how much this would equate to each week, Taylor said:

Over the course of a year it’ll be, if it’s a one-tank family, it’d be $750. If it’s two tanks, it’s $1,500 … [Or] $14 a week, [and] $28 a week for a two-tank family.

Taylor confirmed the Coalition would repeal the government’s tax cuts, as outlined in the budget, to instead halve the fuel excise.

Yes, this will replace what Labor is doing, which we think is inappropriate under the circumstances, as we’ve laid out in the last 24 hours.

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Butler says it ‘takes too long’ for medicines to be approved by TGA and listed on PBS for patients

Sticking with health, Mark Butler is also speaking with ABC RN this morning, asked about potential tariffs on the pharmaceutical industry from the US.

One of the concerns raised by the US is the time it takes for new medicines to get to the market in Australia – is there room to improve that process?

He said there was – but not because the US was asking for it:

It’s an issue [that] the industry and, more importantly, patient groups raised with me.

And we put in place the first comprehensive review of our system, our assessment system for new medicines, in 30 years. I’ve got that report. I’ve commissioned a group from industry and patient representatives to work on how we would implement that.

But as a general proposition, yes, I want to see those times reduced. It takes too long, in my view, to get medicines from being approved by our Therapeutic Goods Administration, on the one hand, to being listed on the PBS so that patients can access them at affordable Australian PBS prices. I want to see those times come down.

Photograph: AAP
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