5.50pm EST
17:50
NSW estimates are running this week, and the (newly recycled) planning minister Anthony Roberts has this morning announced he’ll be launching an independent review of planning for development in the floodplains of the state.
“We’ve never faced anything like this,” Roberts said at the opening.
The terms of reference are still to be set and the person to lead it are still to be decided, Roberts said.
Roberts said he hoped for “learnings” that may have “generational” effects, adding that he didn’t want to preempt the findings.
5.16pm EST
17:16
Travellers are facing steep air fare hikes and are being urged by industry experts to book early as bans on Russian oil cause jet fuel prices to surge.
The Qantas chief executive, Alan Joyce, has said the average fare would increase by 7% as a result of the increased crude oil prices following Russia’s invasion of Ukraine, but others predict the price rises could be higher.
The Brent crude oil price sits at around US$112 a barrel, up from about US$78 a barrel at the beginning of 2022 and marking an eight-year high, according to the Australian Competition and Consumer Commission.
The surge follows the US and UK banning oil from Russia – the world’s biggest exporter of crude and oil products combined.
You can read the full report below:
Updated
at 5.41pm EST