A report in the Sydney Morning Herald, quoting unnamed sources:
- Legislation for Prime Minister Tony Abbott’s A$5.5 billion paid parental leave scheme has been shelved
- Is unlikely to be put to Parliament this year
- Move is aimed at quelling backbench dissent on the issue & is also a recognition it may be voted down by rebel government senators if put to the test
- A government source said the scheme had been placed in the “too-hard basket” because the Coalition was fighting on too many fronts and struggling to get its basic budget measures passed by the Senate
A mild positive sentiment boost for the AUD I would think.