Australia politics live: parliament censures Morrison over secret ministries as Bridget Archer, Greens and crossbenchers back Labor

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Treasurer says inflation figures don’t yet fully reflect flood crisis

While the house goes through its final motions before passing the Nacc bill, let’s take a look at how the treasurer, Jim Chalmers, has responded to the monthly inflation figures Peter Hannam has reported on:

The monthly consumer price figure confirms the pressures that are being felt throughout our economy and around every kitchen table.

While the slight easing in the indicator in October is welcome, we know there are further price pressures that will drive inflation this quarter.

The October result is yet to fully reflect the impact of the floods on grocery prices or the hit to energy bills caused by the war in Europe and the Coalition’s decade of policy chaos.

That’s why our budget and economic plan has been carefully calibrated to deal with the inflation challenge in our economy, while delivering responsible and targeted cost-of-living relief to Australian households.

Updated at 21.04 EST

PM speaks on Nacc bill before final vote

Anthony Albanese has singled out independent MP Helen Haines for her advocacy and work for a national anti-corruption commission as he gives a speech on the legislation ahead of its final vote.

Updated at 21.01 EST

House to pass Senate amendments to Nacc bill

The Senate’s message is being read out to the house – it approves the bill but has amendments.

The house is going to pass the amendments (together) and then we are done.

Australia is a few moments away from having a legislated federal anti-corruption commission.

Updated at 21.00 EST

After the Closing the Gap debate is adjourned (and moved to the next sitting) we will have the vote on the national anti-corruption commission legislation.

It will pass.

Updated at 21.00 EST

Climate crisis could make banks more vulnerable to economic downturns

Australian banks face up to a threefold increase in lending losses by 2050, but the system should be able to absorb the impact, the banking regulator says.

Losses on mortgages were expected to be higher in northern Australia, which is at greater risk of some extreme weather events, notably cyclones and heavy rain, according to the climate vulnerability assessment by the Australian Prudential Regulation Authority (Apra).

Losses from business loans were likely to be higher in mining, manufacturing and transport – the sectors most affected by a transition to a net zero emissions economy. The report said the country’s five biggest banks – ANZ, Commonwealth, Macquarie, National Australia Bank and Westpac – were likely to respond by adjusting lending practices and appetite for risk, including reducing their exposure to higher risk regions and industries.

The report suggested Queensland would be particularly sharply affected, with modelling implying lending losses to the state could increase by 35% between 2030 and 2045.

Apra’s deputy chair, Helen Rowell, said the assessment was an important step as it required the banks to develop techniques in climate analysis. But she indicated there were limitations – for example, banks used different modelling approaches and assumptions.

Despite the high profile of climate change, climate risk management and modelling remain emerging areas of expertise, in part due to uncertainty about how the risks will play out decades into the future, and how these risks are incorporated into financial models.

This, however, is a good start and we urge all Apra-regulated entities to examine the [assessment] findings.

The treasurer, Jim Chalmers, said the report was “a really significant contribution to understanding the risks of climate change in our banking system”.

The government is developing a framework for climate disclosure by businesses and financial institutions. A consultation paper is expected next month.

Updated at 20.59 EST

And the last part from the voice co-design report:

A key element of the consultation standards is the general expectation that parliament and government would engage the national voice at the earliest opportunity when developing policies and proposed laws that have a significant impact on Aboriginal and Torres Strait Islander peoples. The result of this early engagement would mean that by the time a bill is finalised, the national voice should already have been engaged and given the opportunity to provide considered formal advice.

The consultation standards and transparency mechanisms must be flexible enough to address the full range of possible circumstances, particularly concerning timing. In some cases, consultation with the national voice may be built in from the early stages. In other cases, legislative changes may be time-sensitive, and a shorter amount of time might be provided for consultation with the national voice. The proposed consultation standards and transparency mechanisms do not take a prescriptive approach to this. Instead, they support partnership and dialogue that can facilitate change.

How membership of a national voice is determined is a crucial matter for Aboriginal and Torres Strait Islander peoples. During community consultation sessions, a significant topic of discussion – especially in the most disadvantaged areas – was the need for greater representation at a national level to ensure the most marginalised and excluded voices have the opportunity to be heard, particularly those of people living in remote areas and those of people who are not members of an Aboriginal or Torres Strait Islander organisation. As a result of this, and through careful deliberation, the final proposal for a national voice is a 24-member model including five members representing remote regions, and one member representing the significant number of Torres Strait Islanders living on the mainland. This is a critical refinement from the proposal in the interim report that each state and the Northern Territory have two members, and the Australian Capital Territory and the Torres Strait Islands each have one or two members, for a maximum of 18 members. In both the interim and final proposals, there is also an option for the joint appointment of up to two additional members if a particular skill set is required and this is agreed upon between the national voice members and the minister for Indigenous Australians.

The national voice membership would be structurally linked to local & regional voices. Members of the local & regional voices within each state and territory would collectively determine national voice members from their respective jurisdictions. This membership model draws on the strength, legitimacy and authority of local & regional voices, particularly as developed under the principles of inclusive participation and cultural leadership. This would embed community voices and ensure the diversity of Aboriginal and Torres Strait Islander communities is connected to the national voice. This membership model provides flexibility and opportunity for the involvement of jurisdiction-level Aboriginal and Torres Strait Islander representative assemblies, where they exist, and elections if the local & regional voices and Aboriginal and Torres Strait Islander people of the relevant jurisdiction agree.

Updated at 20.55 EST

More on the Indigenous voice to parliament from the co-design report

The national voice would advise on matters of national significance to Aboriginal and Torres Strait Islander peoples relating to their social, spiritual and economic wellbeing. This is to ensure that the diverse perspectives of Aboriginal and Torres Strait Islander peoples are considered in key areas of legislation and policy development. The relationship between the Australian parliament and government and the national voice would be a two-way interaction, with each able to initiate advice or commence discussion around relevant policy matters.

The proposed model for the national voice includes a set of consultation standards for when, how and on what types of matters the Australian parliament and/or government should consult with the national voice. Engagement with the national voice would ideally occur early in the development of relevant laws and policies to allow for a partnership approach. The Australian parliament and government would be “obliged” to ask the national voice for advice on a defined and limited number of proposed laws and policies that overwhelmingly affect Aboriginal and Torres Strait Islander peoples. There would also be an “expectation” to consult the national voice, based on a set of principles, on a wider group of policies and laws that significantly affect Aboriginal and Torres Strait Islander peoples.

The proposed model for the national voice also includes a set of complementary transparency mechanisms situated in the parliament to provide for public accountability and enhance the ability of the national voice to be heard. Importantly, these are based on existing parliamentary mechanisms and practices.

Updated at 20.52 EST

For those who haven’t read the voice co-design report, or can’t find the relevant parts Ken Wyatt was talking about, here you go:

National voice

The proposal for a national voice was strongly supported during the consultation and engagement process. Key considerations raised during consultation included how membership for the national voice would be determined, the number of members on the national voice and the link between the local and regional voices and the national voice.

As a result of the consultation and engagement process and resulting deliberations, key refinements are presented for the proposed national voice.

The final proposal for the national voice is for a small national body of Aboriginal and Torres Strait Islander members tasked to advise the Australian parliament and government. The national voice would provide the mechanism to ensure Aboriginal and Torres Strait Islander peoples have a direct say on any national laws, policies and programs affecting them.

The national voice would provide advice to both the Australian parliament and government. This is important because it allows the national voice to engage fully with laws and policies at different stages of development. This dual advice function reflects the different roles of government and parliament in making laws and policies. This does not diminish from the role of providing a voice to parliament; it strengthens and integrates advice, ensuring early engagement before bills are introduced to parliament. By providing for a voice to both parliament and government, the national voice would engage fully with policy of different kinds and at different stages of development.

Updated at 20.49 EST

Lower houses discusses Closing the Gap report

The chamber is acknowledging the latest Closing the Gap report, which as our colleague Josh Butler reported earlier in the blog, has shown we are still not doing enough to close the gap with Indigenous Australia.

Anthony Albanese used the opportunity to urge people to support the voice as another measure to actually act.

Peter Dutton said again there wasn’t enough detail. This is after his former cabinet colleague told ABC radio this morning that argument was just “laziness” and he took a proposal to cabinet (which Dutton sat in) twice.

Ken Wyatt also said all the detail is publicly available in the Indigenous Voice Co-design Process Final Report to the Australian Government.

Updated at 20.47 EST

Sussan Ley: ‘an appalling political stunt’

Sussan Ley was also not in the chamber for the vote but she was paired (meaning her vote was matched with someone from the opposite side).

Her office sent Paul Karp a statement:

This speech has been in the deputy leader’s diary for months. She was paired in parliament long ago. Her absence from the division on the censure should not be read into – this was an appalling political stunt by the government of the day that the deputy leader unequivocally rejects.

Updated at 20.34 EST