| Labor reveals what it will cut, while Rob Oakeshott announces return | Good afternoon,
Our leaders were back in full campaign mode today. The PM spoke in Sydney and Labor offered up answers to the question the Coalition has been repeatedly asking: "How will you pay for it all?"
Let's take a look:
1. SO, HOW IS LABOR FUNDING ITS ELECTION PROMISES?
Today, shadow treasurer Chris Bowen unveiled the cuts his side will make to fund their health and education promises.
As well as listing off the updated numbers for measures they've already announced, Labor detailed 11 new savings measures.
The one that got the most attention was the halving of the Family Tax Benefit Part A supplement for families earning $100,000 a year or more. Mr Bowen says that'd save $500 million over the next four years.
Labor also says it will not oppose the Federal Government's changes to HECS repayments.
Treasurer Scott Morrison poured cold water on Labor's announcement, saying, "They remain in a big black hole. They threw a few pebbles in it today but they've gone nowhere near filling it."
2. ROB OAKESHOTT IS BACK
The former member for Lyne made the announcement on social media today, saying he would stand in the seat of Cowper.
"After the 43rd parliament, I was exhausted ... over time, I realised I had more to give and the politics was still in my blood," he said.
Mr Oakeshott weighed in on what he would do if he was again in a position of helping one party form government. He said he would give Mr Turnbull first dibs and "would accept his call".
Now it's a party.
3. SPEAKING OF WILD POLITICAL TIMES ...
The Australian Electoral Commission conducted the all-important draw for ballot paper positions today.
We're really getting down to the granular politcal detail here, but let's indulge the enthusiasts among us.
The headlines: The Liberal Democrats gained a more favourable position than the Coalition on the Senate ballot paper in New South Wales, while Jacqui Lambie was bumped down the list in Tasmania.
The ballot also led to this amusing moment...
4. THE LIBERALS GO NEGATIVE
The Liberal Party debuted its first negative television commercial of the campaign.
Until this week, the Liberals had run negative campaign ads online and on social media, but not on any of the major TV channels in the major cities, according to an analysis by ad monitoring company Ebiquity.
You've probably already seen Labor's negative ad "Malcolm Turnbull - Seriously Out Of Touch" - it's spent an estimated $300,000 airing different versions of that ad since the start of the campaign.
And there could be more to come from both parties, with voters warned to expect a "tsunami" of ads from now until the election.
ELECTION SPOTLIGHT: Does your seat have a female candidate?
Because there are 35 across Australia that don't.
While other countries are blazing the way in female parliamentary representation, Australia is actually going backwards.
FROM THE DRUM: HEY BIG SPENDER
Barrie Cassidy says the real damage for Labor in coming clean on the books for the next four years is that it confirms the case the Coalition has been trying to make since the campaign started - that Labor will spend and tax more than the Government will.
They will now use the Opposition's own admission to portray it as reckless on economic management.
COMING UP NEXT: - RN Drive will talk to shadow treasurer Chris Bowen about the ALP's costings at 6:06pm AEST
- 7.30 runs its eye over Labor's costings
- Lateline hosts a panel of experts to talk childcare policy (9:30pm AEST on ABC News 24 and repeated at 10:30pm on ABC TV)
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