Australia news live: Dominic Perrottet faces leadership crisis; AMA warns of ballooning elective surgery waitlist

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Australia news live: Dominic Perrottet faces leadership crisis; AMA warns of ballooning elective surgery waitlist
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Australia news live: Dominic Perrottet faces leadership crisis; Albanese to visit PNG war graves

, and the emergency management minister,, will travel to northern NSW to observe rebuilding and recovery efforts from the 2022 floods.

Treasury’s preliminary estimates are that the loss of economic activity of flooding across Australia in 2022 is about $5bn from reduced activity in the mining, agriculture, accommodation and food services, retail trade and construction industries. This does not include the significant additional costs associated with losses of assets and other impacts, such as damage to housing or transport infrastructure or the costs to the budget.

We know these types of disasters put up prices, slow down growth in the near term, and cost the budget billions of dollars.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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