Australia reside information updates: Scott Morrison’s path to name election cleared; flooding continues in higher Sydney | Australia information



NSW information 10 deaths, 17,597 Covid circumstances


Victoria information seven Covid-related deaths and 9,610 new circumstances

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Hovering metallic costs imply it should price greater than the face worth of the cash to make 5c, 10c and 20c items, in line with new analysis.

Costs of the 2 key metals in Australia’s silver cash, nickel and copper, have skyrocketed this yr on account of Russia’s invasion of Ukraine, with the worth of nickel spiking 250% on the London Metals Alternate final month to greater than US$100,000 a tonne.

Funding financial institution Goldman Sachs predicts copper costs, which additionally spiked final month, are set to rise once more as shares of the metallic run out.

In analysis launched this week, analysts at Morningstar mentioned the metallic in a 5 cent piece was now value 6c, up from 4c six months in the past.

Over the identical interval, the worth of metallic in a 10c piece has elevated from 9c to 14c, whereas metallic making up a 20 cent piece has jumped in worth to 28c from 18c.

Nevertheless, the 50c and better denominations proceed to have a better face worth than their metallic content material. There’s 38c value of metallic within the dodecagonal coin at the moment, in opposition to 25c six months in the past, whereas the metallic worth of every of the $1 and $2 coin stays beneath 10c.

The upper metallic costs will eat into the Royal Australian Mint’s revenue from making cash, which is called seigniorage.

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Elective surgical procedures in Victoria may quickly be delayed

Victoria’s peak public hospital physique has warned elective surgical procedures could possibly be wound again if demand for emergency care spikes throughout a predicted surge in Covid circumstances within the coming weeks.

The state’s Division of Well being confirmed to Guardian Australia that 4 well being companies throughout the state had been already not assembly the minimal nurse-to-patient ratios.

The Victoria Healthcare Affiliation predicts employees shortages will worsen over the approaching weeks and months, because the state braces for the present wave of infections from the Omicron subvariant to peak later this month.

The VHA’s chief government, Tom Symondson, mentioned regardless of the easing of elective surgical procedure bans virtually two months in the past, the state’s hospitals had been now experiencing a “troublesome time once more” on account of growing numbers of Covid circumstances, backfilling of depart and furloughed employees.

“Workers shortages might worsen in coming weeks and months,” he mentioned.

Symondson mentioned if emergency care spiked, hospitals might need to “alter” a variety of companies, together with elective surgical procedure procedures, to make sure the sector may “present protected look after the individuals who want it most urgently”.

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The Morrison authorities has appointed greater than 30 former Coalition ministers, MPs, staffers and donors to taxpayer-funded jobs within the final six months alone.

Scott Morrison and senior ministers have defended the appointments, however Labor has argued it’s a case of historical past repeating after a lot of partisan appointments earlier than the 2019 election and stacking of the executive appeals tribunal with 85 folks linked to the Coalition since 2013.

On Friday night, the vitality minister, Angus Taylor, reappointed his former vitality adviser John Hirjee to the Australian Renewable Power Company board together with Anna Matysek, an economist and co-founder of BAEconomics, which has been essential of Labor’s local weather insurance policies.

Taylor additionally appointed Matt Howell, the outgoing chief government of Tomago Aluminium, Australia’s greatest energy shopper, to the board of the Clear Power Finance Company. Though not a Liberal, Howell has vocally backed the federal government’s funding within the Kurri Kurri gasoline energy plant.

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