Election 2016: Your afternoon campaign wrap

Australia Votes 2016
Labor launches 10-year economic plan, Coalition dismisses calls for a royal commission
Good afternoon,

It's the US election that's making the most noise at the moment, with Hillary Clinton making history by becoming the first woman to be nominated for the presidency by a major party.

Not for the first time this campaign, Opposition Leader Bill Shorten expressed his views on that race, tweeting #ImWithHer.

But it's also been a busy day back in Australia...


1. Labor launched its 10-year economic plan

And it indicated that part of that plan means allowing the budget to worsen over the short term.

"It is true that Labor will not have the same degree of fiscal contraction as the Liberals over this period," Mr Shorten said.

"This is because our solution to the structural deficit rejects unfairness, does not attack demand and confidence, and avoids retrospectivity."

However, Labor says it's on the same page as the Coalition when it comes to returning the budget to surplus in 2020-21.

Finance Minister Mathias Cormann said Labor was "fessing up" that it had a black hole in its economic costings.




2. Coalition dismissed Labor's call for a royal commission into banks

ASIC has confirmed it has begun legal proceedings against NAB "for unconscionable conduct and market manipulation", after already taking action against ANZ and Westpac for alleged rate rigging.

Mr Shorten responded to that news by saying, "How many more people need to suffer and get ripped off before Mr Turnbull stops covering up for the banks?"

But Trade Minister Steve Ciobo said ASIC's announcement showed the regulator already had investigative powers "that extend far beyond what a royal commission could do".

If you want to know how rate rigging affects you, we've prepared this simple explainer.


3. Bribery concerns were referred to police

Left-wing activist group GetUp raised concerns with the AEC about George Christensen's promise to personally donate $12,000 to a turtle rescue centre in Queensland's Whitsundays if he is re-elected.

The Australia Electoral Commission has now referred that complaint to the Australian Federal Police.

"It's not a good look and not a good way for a politician to be behaving," GetUp spokesman Paul Oosting said.

But Mr Christensen, the LNP Member for Dawson, has described the GetUp complaint as ridiculous and politically motivated.




4. Clive Palmer announced his Senate candidates for Queensland

And they're both employees of his.

James McDonald and Craig Gunnis worked on the businessman's Titanic II project and his vintage car museum Palmer Motorama respectively.

Mr Palmer said they were running because they won preselection.

"If you go through the Labor Party or Liberal Party, you'll see half of their people are staffers or former staffers standing in this election," he said.


ELECTION SPOTLIGHT: Your guide to the opinion polls

Politicians will tell you they aren't really interested in them, but there's a reason Australian governments keep toppling their own prime ministers: the power of opinion polls.

This page pulls together charts for primary vote, two-party preferred, and party leader ratings.




FROM THE DRUM: The f-word enters the campaign

Bill Shorten fired up the feminism debate with his comments on childcare, and the Coalition ran with it.

But which party's policies really deserve the feminist tick of approval?

Feminist scholar and activist Eva Cox gives her verdict.
COMING UP NEXT:
  • Malcolm Turnbull will be interviewed on ABC's 7.30
  • Bill Shorten will take part in a people's forum in Brisbane at 7pm AEST

Want more? Check out our Australia Votes homepage for all the latest election news and analysis.

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