00:00 Well, we know this intergenerational report is due to be handed down by the Treasurer
00:07 Jim Chalmers tomorrow.
00:08 Now, we've been drip fed some of the details of that report over the last week or so.
00:14 This is the report that details and forecasts Australia's economic and budget outlook over
00:19 the next 40 years.
00:21 Now, we already know that renewed calls for major tax reform are being dismissed by the
00:27 government.
00:28 We know that this report shows a slowing of growth in coming decades and it's also showing
00:34 much higher spending on a range of areas like the NDIS, health, defence and aged care.
00:41 Now the report is also expected to reveal revenue from the fuel excise being smashed
00:48 as drivers shift towards electric vehicles over the coming years as well.
00:52 So as a result of all that, there has been sort of a debate about how the government can find
00:59 more money to deal with these rising costs.
01:01 And what we know is that they've dismissed calls for a major tax shake up.
01:06 So they're intending to do what they're doing already.
01:09 So that is incremental reform.
01:12 It's calling bite-sized chunks.
01:14 So things like the super tax breaks that they've already been doing as well as the tobacco
01:21 excise.
01:22 So we've also heard from some government sources as well that they've confirmed that
01:26 in this term of parliament, we won't see any changes in regards to further income tax changes
01:36 other than the already legislated stage 3 tax cuts.
01:39 So pretty much more of the same but we'll just have to see more details of this intergenerational
01:46 report tomorrow.
01:47 But the Prime Minister has been flagging that this voice to parliament referendum will
01:52 be held in either October or November.
01:56 And now we have a date for when the actual date will be announced.
02:01 And the Prime Minister will do that next Wednesday in Adelaide.
02:06 He's picked Adelaide for the official start of the official campaign for the referendum.
02:12 So in doing that announcement next week in Adelaide, certainly it will ramp up the campaigning
02:19 around the country.
02:20 We're already seeing that in the form of the official pamphlet from the Australian
02:24 Electoral Commission going out and landing in mailboxes around the country.
02:28 But we're also seeing a ramping up on social media and traditional media as well.
02:33 So the date for when the date is going to be announced has been released.
02:38 The actual date of the referendum remains unknown at this stage but certainly October
02:44 14 is widely tipped as the most likely date.
02:49 We'll just have to wait until next Wednesday for that to be confirmed.
02:52 [BLANK_AUDIO]
