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Tasers criticised after Sydney death

TONY JONES, PRESENTER: The New South Wales Ombudsman has called for stricter guidelines governing
the use of Tasers following the death of a man in Sydney early this morning.

It's the second critical incident involving NSW Police in as many days.

And in Western Australia, the release of shocking video footage of a man being tasered repeatedly
by police in 2008 has added to calls for a review.

Michael Edwards reports.

MICHAEL EDWARDS, REPORTER: Frantic efforts by paramedics couldn't save the man. His heart stopped
when he was tasered by police after they were called to an apartment in Sydney's west just after
midnight this morning.

WITNESS: They came racing through the back and they, like, tackled the man in the driveway at the
back, and, um, yeah, and there was, like, a bit of scuffling and stuff and the dog was there. And,
um, then the police - the ambulance came because I think - I guess the man was unconscious.

NEIGHBOUR: I've never heard a guy scream like that, and I don't think it's a good thing.

MICHAEL EDWARDS: The man is believed to have been in his 20s. Police were called to the scene after
responding to a report that a woman was being sexually assaulted. Police say the man was armed with
two knives at the time and appeared to be heavily affected by alcohol. They say the man fell to
ground after being hit by the Taser and then he lost consciousness when he was handcuffed.

NSW Police have defended the use of the Taser.

The Police Commissioner, Andrew Scipione, says the officers made a choice which could have saved
their own lives.

ANDREW SCIPIONE, NSW POLICE COMMISSIONER: The Taser camera footage has been reviewed and that
footage supports that view. As for the cause of the death, well that's a matter that we're going to
have to leave to the coroner.

MICHAEL EDWARDS: It's the second fatal incident involving NSW police over the past few days, and
both will be subject to a critical incident investigation.

35-year-old Stephen Bosevski died after being subdued by police during rugby league grand final
celebrations. Police also used a Taser when they tried to restrain his brother.

The NSW Premier has rejected a call from the Greens for an independent inquiry into tasers.

KRISTINA KENEALLY, NSW PREMIER: Let's allow these investigations to take their course. Let's allow
the facts of this situation to be put before us before we rush to judgment on what the next step
should be.

MICHAEL EDWARDS: But the use of the Taser is being questioned elsewhere in the country. In WA,
police have been criticised by both civil liberties groups and the Government for an incident where
an Aboriginal man was tasered 13 times at a Perth watch house in 2008. Footage of the incident has
been released by the state's Crime and Corruption Commission and it's sparked nation-wide outrage.

The WA Government has called for a review into Taser use.

COLIN BARNETT, WA PREMIER: It was excessive use of a Taser which could not be justified.

DENNIS EGGINGTON, ABORIGINAL LEGAL SERVICE: If you were to put uniforms on these police officers
which were Army uniforms and someone was from a different side in a war, that sort of thing would
be seen as being torture and sent off to a war crimes panel to look at, and I think that that's the
way that we've gotta look at it.

MICHAEL EDWARDS: In NSW, Tasers were introduced in 2009 after a series of trials. Around 2,000
devices were rolled out across the state.

The version used by police there shoots out 50,000 volts of electricity and is supposed to be used
in extreme situations, such as when the well-being of an officer is at risk. Tasers are supposed to
provide a safer alternative to the use of firearms.

BRUCE BARBOUR, NSW OMBUDSMAN: The use of Tasers is up, the use of firearms is up, the use of Tasers
is up. What Tasers don't appear to be achieving is a reduction in the use of firearms.

MICHAEL EDWARDS: As the NSW Ombudsman, it's Bruce Barbour's job to investigate police procedure
when it comes to the use of devices such as Tasers. He says he's increasingly concerned that Tasers
are being misused.

BRUCE BARBOUR: And we're certainly seeing cases here where the circumstances are very grey, where
it's unclear and it's not readily clear why police have used Tasers.

MICHAEL EDWARDS: The recent death is the fourth Taser-related fatality in Australia since 2002.

According to guidelines issued by the manufacturer of Tasers, police should avoid hitting people in
the chest and instead target major muscle groups such as the back.

GEORGE HATELEY, AUSTRALIAN TASER DISTRIBUTOR: Avoid, if you can, firing the chest region because
the better target zones are those large muscle groups. And in some cases people have been - have
deployed - police officers have deployed darts into the chest area. At some stage hours or days
later people have died.

MICHAEL EDWARDS: NSW Police have confirmed the man was hit in the chest.

The NSW Ombudsman is considering a full review into the use of Tasers.

BRUCE BARBOUR: Now that they're being rolled out and they're being used by frontline officers, it
may be timely for us to do a further review to see how they're being used, to see whether or not
they're being used in appropriate circumstances and whether the safeguards are adequate.

MICHAEL EDWARDS: Michael Edwards, Lateline.

Abbott 'chose his words poorly'

TONY JONES, PRESENTER: The federal Opposition Leader has apologised to the families of soldiers
serving in Afghanistan he says he may have offended.

Tony Abbott says he chose his words poorly when he explained his reason not to travel with the
Prime Minister to the conflict zone last weekend.

The row erupted while both leaders are half a world away.

Julia Gillard is in Brussels, while Tony Abbott is in the UK.

Europe correspondent Philip Williams reports.

PHILIP WILLIAMS, REPORTER: On the face of it, it didn't look good for Tony Abbott. He'd turned down
the Prime Minister's invitation to join her in Afghanistan on the way to Europe. He's in the UK
where he's meeting British prime minister David Cameron at the Conservative Party conference, and
it was this explanation that angered many:

TONY ABBOTT, OPPOSITION LEADER: I thought it was important to do this trip justice and I didn't
want to get here in an entirely jet-lagged condition, and so, I'm in a position to make the most of
this opportunity.

JULIA GILLARD, PRIME MINISTER: Well I'll let Mr Abbott work out his own sleeping patterns. For
myself, obviously, as you know, I went to Afghanistan, then to Zurich, then came here and did
manage to get eight hours sleep last night and that prepared me for a very long day.

PHILIP WILLIAMS: But what Tony Abbott didn't and couldn't say for security reasons is that he'd
been planning a separate trip to Afghanistan. That was revealed at home by Joe Hockey.

JOE HOCKEY, SHADOW TREASURER: This is low-rent politics from Julia Gillard. Julia Gillard is
playing a very, very silly game on this. Julia Gillard knows that Tony Abbott has locked in a set
date to go and visit the troops in Afghanistan.

PHILIP WILLIAMS: Not long after, Tony Abbott told ABC Radio he could have expressed himself better.

TONY ABBOTT: Look, it was a very poor choice of words on my part and I apologise if I've created
the wrong impression and I apologise if I've given offence, because the last thing I would want to
do is give offence to the families of our troops.

PHILIP WILLIAMS: Afghanistan was also preoccupying the Prime Minister Julia Gillard, who made a
visit to NATO headquarters in Brussels as a priority.

JULIA GILLARD: When I've been asked for a time estimate, how long do we imagine that that task will
take?, the estimate is between two to four years. So we are very clear on what the mission is, very
clear on what success looks like.

PHILIP WILLIAMS: Another handshake and another commitment, this time to a treaty with Europe,
though there's work to be done.

JOES MANUEK BARROSSO, EUROPEAN COMMISSION PRESIDENT: We very much support the idea of upgrading and
giving a more important expression to the relationship.

PHILIP WILLIAMS: But this is what the visit is all about, a gathering of Asian and European
leaders, an occasion marked by ceremony and style, and according to Britain's deputy prime minister
Nick Clegg, high time Australia joined this expanding club.

NICK CLEGG, BRITISH DEPUTY PRIME MINISTER: Discussing with your Prime Minister what happens in Asia
is of immediate relevance to every single family and community in Australia. So, you know, it would
be very odd not to have Australia here.

PHILIP WILLIAMS: Hard decisions to tackle international threats to the global economy, climate and
security are not likely here, but there is plenty of talk. At the opening dinner, the Prime
Minister outlined the economic reforms she says will help protect against another global economic
shock.

Julia Gillard says she's happier dealing with the challenges at home, but this is all part of the
job.

JULIA GILLARD: Foreign policy is not my passion, it's not what I've spent my life doing. You know,
I came into politics predominantly to make a difference to opportunity questions, particularly make
a difference in education. So, yes, if I had a choice, I'd probably more be in a school watching
kids learn to read in Australia than here in Brussels at international meetings.

PHILIP WILLIAMS: But there'll be many more appearances on world stages, the G20 the most important.

One of the great advantages of this trip for Julia Gillard is not just what's being discussed, but
who she's met, powerful individuals that may come in very handy at forums like the G20 when real
decisions may be made.

Philip Williams, Lateline.

RBA leaves rates unchanged

TONY JONES, PRESENTER: The Reserve Bank has granted borrowers a reprieve, with a surprise decision
to leave interest rates unchanged; but it may be short-lived.

Today's decision not to raise rates makes the prospect of a November rate hike even more likely.
Simon Palan reports.

SIMON PALAN, REPORTER: It wasn't what most economists had in mind.

???: RBA unchanged! OK.

SIMON PALAN: Despite strong recent hints that interest rates may need to rise soon ...

BILL EVANS, WESTPAC: The Reserve Bank decided to leave rates on hold, much to the surprise of most
economists and to the market.

SIMON PALAN: A surprise to economists and a relief to mortgage holders and businesses.

GREG EVANS, CHAMBER OF COMMERCE AND INDUSTRY: It accords with our general view of the economy that
business conditions, for example, are still very slow and very subdued.

MARGY OSMOND, RETAILERS ASSOCIATION: I think retailers across the country will be heaving an
enormous sigh of relief.

SIMON PALAN: The official cash rate remains at 4.5 per cent, but the Reserve Bank may not be able
to hold the interest rate trigger for long as it tries to combat inflationary pressures from the
booming mining sector.

In a statement, the RBA governor says, "If economic conditions evolve as the board currently
expects, it is likely that higher interest rates will be required, at some point ...".

BILL EVANS: They're still leaving the probability open very much that rates will go up, it's just
that they've decided not to put them up today.

SIMON PALAN: Attention now turns to whether the retail banks will lift their interest rates,
despite today's RBA decision.

GREG EVANS: There's no justification, we believe, for the commercial banks to move outside the
official cycle.

SIMON PALAN: Today's decision helped send the Australian dollar almost a full US cent lower.

Simon Palan, Lateline.

Swan warns banks to hold fire on rates

TONY JONES, PRESENTER: The Treasurer Wayne Swan joined us a short time ago to talk about Treasury's
famous Red Book, India's new carbon tax on Australian coal and middle class welfare, but we started
with the surprise news on interest rates.

And he was in our Canberra studio.

Wayne Swan, thanks for joining us.

WAYNE SWAN, TREASURER: Good evening. Good to be with you.

TONY JONES: Now, the Reserve Bank has left interest rates on hold. How important is it for the
struggling retail sector that there be no further interest rate rise before Christmas?

WAYNE SWAN: Well, Tony, it's certainly welcome news that rates have been left on hold, but I think
when you read the statement from the Reserve Bank today, you'll see that they regard the economy as
being strong, employment outcomes are strong, they make the point that growth is back to trend,
probably slightly above, and of course as we know, we've got very strong employment outcomes as
well, something like 350,000 jobs created in the past year.

And they also make the point that commodity prices are also looking pretty healthy.

So, what they've done is paint a picture of an economy that has returned to trend growth, and of
course as the economy returns to trend growth, then rates tend to move back to normal.

But today they've decided that they will leave them on hold, but I think they've made it clear that
they will be judging this on a monthly basis.

Now I understand that this impacts on different sectors of the economy in different ways. And it is
true that parts of retail are quite soft, and I understand that not everybody in the economy will
be wild about some of the decisions that have been taken by the Reserve Bank in the past little
while or will be wild about decisions the Reserve Bank may take in the future.

TONY JONES: How important is it, therefore, given the struggling retail sector, that interest rates
remain on hold until Christmas?

WAYNE SWAN: Well that's a decision for the Reserve Bank, but what we must do in the Federal
Government is put in place a responsible fiscal policy.

As you know, fiscal policy and monetary policy were put in place to deal with the global recession,
but the economy has begun to grow again and growth is back to trend. As a consequence of that,
monetary policy is being withdrawn, and of course fiscal policy is being withdrawn.

TONY JONES: You've again warned the banks today against putting their interest rates up in spite or
independent of what the Reserve has done.

But of course they're saying what the Reserve does has no bearing on their decisions. Their
decisions are based on the cost of the money they're borrowing overseas.

WAYNE SWAN: Well I simply don't accept that at all. Their profits at the moment, Tony, are healthy,
their net interest margins are back to the level that was last seen prior to the global financial
crisis and some of their liabilities are much less than they thought would have occurred some time
ago.

So, they're in pretty good nick, and it is not the case that all of their borrowings are conducted
on overseas markets. They are very profitable, and as the Reserve Bank itself has said in their
stability review, there is no justification for them to put in place rate increases over and above
the cash rate.

TONY JONES: So are they lying about this then, because you hear them every day make the same case:
the cost of overseas borrowing is causing them to put up their rates independently of the Reserve
Bank? Are you saying that's not true?

WAYNE SWAN: Well, there's some truth to the fact that borrowing money on international markets at
the moment is higher than it has been previously. But that's not the full story.

You've gotta have a look at how healthy their profits are. They are very profitable at the moment.
And if you have a look at - critically at what their net interest margin is, the Reserve Bank says
that it is back to levels that the banks had prior to the global financial crisis.

But it is true that one of the fallouts from the global financial crisis is that rates
internationally have gone up, it will not be as easy for many in the community to borrow as cheaply
as previously. But that doesn't amount to a case where they should be adding to rate rises over and
above the cash rate at all.

TONY JONES: Alright. Your reliance partners the Greens say there's much more you could do to
regulate the banks. You could for example force them to scrap the $2 charge they put on ATM use.
Could you do that? Are you prepared to tighten regulations if the banks simply refuse to listen to
you?

WAYNE SWAN: Well what we have done is put in place some tough, new consumer credit laws. They are
very important. And of course, when it comes to unfair mortgage fees, exit fees, for example, we've
acted in that area through unfair contracts law.

That's very - that's a very important reform. The other thing that we've done is through our
investments in residential mortgage-backed securities we provide a pipeline of funding to many of
the smaller lenders including credit unions. That is providing a cheaper line of finance for the
competitors.

TONY JONES: What about the Greens' advice to you about changing the way banks levy charges? They
call it price gouging, particularly the ATM charge.

WAYNE SWAN: Well there's been very substantial reform in that area as well in recent times. We're
not about to re-regulate the banks in Australia. What we've got to do is put in place more
competition, and that's what we've been doing through our investment in RMBS and through our
changes in consumer credit and other measures which may be necessary as we go forward.

TONY JONES: Alright. Let's go to Treasury's Red Book, which contains its advice to the incoming
government. What is "Attachment G" and why has it been censored and all references to it blacked
out?

WAYNE SWAN: Well I haven't got Attachment G in front of me, Tony, so I don't have that document
there at the moment, but the Red Book makes some very important points about the strength of the
economy at the moment and what we must do as we move forward.

TONY JONES: You'd be aware of this phenomenon, though; I mean, there's been a fair bit of publicity
about this already. The Financial Review asked: what is the big economic secret Treasury is keeping
from the Australian public that's in Attachment G and in all these other redactions in the Red
Book?

WAYNE SWAN: Well, I can't tell you what's in Attachment G, but what I can tell you is that when
there are parts of the advice blacked out, one of the reasons for example is that it may impact on
commercial in-confidence information which has been supplied to the Government.

It may be information which relates to national security. It could relate to a whole range of
factors. But I think what you can see in the very significant parts of the Red Book that have been
provided is that we have a healthy economy.

But over and above that, we've got a plan to strengthen and broaden the economy as we move forward,
most particularly to invest in the economic capacity of this economy, because as we continue to
grow strongly, we've got to improve the economic capacity of the economy - the road, rail, ports,
the investment in skills and infrastructure and alike.

TONY JONES: Because of the way the redactions have been done in this Red Book, we can see that one
of the key censored sections is Treasury's assessment of the exposure of the Australian banking
system to financial risk due to short-term borrowing. Can you at least confirm that is something
the Treasury is extremely worried about and so they've redacted sections of this Red Book?

WAYNE SWAN: No, I can't confirm that, but this is an issue that has been talked about publicly over
a significant period of time, because during the global financial crisis basically international
funding dried up. That's why we had to put in place the bank guarantee.

And of course it was the bank guarantee that we put in place around this time two years ago that
was so fundamental in stabilising the Australian economy when we are threatened by the global
financial crisis and the global recession. And part of the discussion ...

TONY JONES: OK, but have you seen what the Treasury is blanking out of this document that they've
put out to the public? I mean, are you aware of the censored sections?

WAYNE SWAN: Well I am aware of the censored sections and there are a significant number of them,
but I don't have the document in front of me to go through all of the text. But what I can say to
you is that what we do need to do as a nation is we need to save more, and that is why the
Government has moved, particularly with our initiatives to strengthen superannuation.

One of the initiatives that saw us in such good stead during the global financial crisis was our
pool of superannuation savings. And what we've announced in the last period, since last May, is our
plans to build on that pool of national savings and improve superannuation for all Australians.

That's part and parcel of what we need to do because of our dependence upon overseas borrowings.
There's no secret about any of that.

TONY JONES: I'll come to that in a moment because that relies on the mining tax.

WAYNE SWAN: It does. It certainly does.

TONY JONES: But there's a section in the Red Book on short-term debt and housing. It begins, "A key
risk to the Australian economy is our reliance on short-term external debt," ...

WAYNE SWAN: That's right.

TONY JONES: ... and the advice goes on to say, "Exposure to financial risk remains significant."
Then the next section, the critical section, is blanked out. And the obvious question is: is
Treasury worried about what happens to the Australian banking sector if there's a second wave of
the global financial crisis?

WAYNE SWAN: Well that is certainly one of the risks that we would face as a nation and the
Government would face just in the way that it did this almost two years ago. But there's nothing
secret about any of that. This is discussed extensively in the financial community.

TONY JONES: Well why is it blanked out in that case, if it's not secret?

WAYNE SWAN: Well, Tony, I don't take those decisions. Those are decisions which are taken in the
Treasury. This is a very long document. There are parts of it that are blacked out. They are
decisions that are taken in the Treasury. They're not decisions taken by the Government.

You will also find in the blue book that was provided to the Opposition that there are bits and
pieces that are taken out. They are decisions entirely for the Treasury. I'm not in the position to
respond to your questioning here tonight on those matters.

TONY JONES: But you know what's in there.

WAYNE SWAN: Well, it would depend what you're referring to, but I don't have those texts in front
of me and there is a lot of text there.

TONY JONES: OK. Alright, let's move on. You talked about the superannuation changes you tried to
bring in. They rely of course on the mining tax that you also tried to bring in.

If you can't get the mining tax in, you're not gonna get the superannuation benefits that you're
promising. How important is it to have that very quickly resolved?

WAYNE SWAN: Well I think it's very important, which is why we've put the Argus committee process in
place, and those hearings are taking place later this week and they are moving around Australia,
talking to the industry. That source of revenue is very important because it goes to the very core
of what we need to do as a nation to respond to the challenges and opportunities of mining boom
mark II.

And that revenue can help us bring down the company rate. For many of those companies that are
impacted upon by a higher dollar or because of the fact that their labour is moving into the mining
sector, it gives us the capacity to invest in infrastructure and of course the capacity to do what
we want to do with superannuation.

TONY JONES: Now the Trade Minister Craig Emerson condemned European threats to impose carbon
tarrifs on exports from countries which don't already have a carbon price. Is there a risk that
tarrifs like this could lead to a global trade war?

WAYNE SWAN: Well certainly we wouldn't want to see other nations go down that road. We are
absolutely committed to making progress in the overall trade round, and if nations were to use the
excuse of the environment to hide what is essentially the destruction of the trade principles that
are so important for the future of this country, we would condemn it.

TONY JONES: Have you then condemned the Indian Government, who've already done that by putting a
tax on coal, including on coal exported from Australia?

WAYNE SWAN: Well, wherever there is a return to protectionism that is not something that we
welcome. And of course through our involvement in the G20 and through our involvement in various
international talks that Minister Emerson has been involved in, we continue to push how important
it is to see a breakthrough in the trade round and we'll continue to do that as we go through the
G20 meetings.

TONY JONES: We can see the Indians have already started this process of putting in carbon taxes and
retaliating against Australian products. Will there be retaliation from Australia or a protest to
the Indian Government?

WAYNE SWAN: Well can I just make this point: that one of the remarkable outcomes of the past couple
of years in the international economy is that there has been so little of that sort of activity in
the international economy at a time of great difficulty.

TONY JONES: But now that it's started are you going to protest to the Indian Government?

WAYNE SWAN: Well there are ways in which these matters are dealt with through the WTO and that
would be the first place we would go.

TONY JONES: OK. Finally, the Finance Department brief says your new commitments made during the
caretaker period mean you'll now have to find another $2.4 billion in budget cuts. Where will they
come from?

WAYNE SWAN: Well we go through our budget in the normal way. What we've got open is a round of the
health and hospital fund. The bids for the money in that fund don't close, I think, until early
December and then independent boards will work their way through those bids.

We will account for all of that in the normal budget process and provide all of that information in
the Budget next May.

TONY JONES: Finance is recommending that you re-evaluate who pays for health and aged care
services. Are you prepared to do that?

WAYNE SWAN: Well, I've read the Finance recommendations as well, and of course Finance always has a
wide-ranging assessment of spending. What we will do is make sure that we keep all of the
commitments that we gave to the Australian people as we move forward and also continue to provide
the savings that are so essential.

There's been something like $83 billion worth of savings over three Budgets, and as we go through
the next Budget, we will go through a savings round, but I'm not gonna speculate about the outcome
of that savings round.

TONY JONES: It's an issue of principle though and it goes to middle class welfare, which is
precisely the debate they're having in Britain now that the Conservatives have decided to attack
middle class welfare.

You've seen the British have withdrawn the childcare benefit from $1.2 million higher income
families. Now Treasury's asking you to look at the same sorts - make the same kind of evaluations
about health and aged care services in Australia. Will you do it?

WAYNE SWAN: Well I don't necessarily accept that at all. I don't think you can make any comparisons
with our health system and the British health system, or indeed our social security system and the
British social security system. They are like chalk and cheese.

What we will do is make sure we keep our budget on a sustainable footing; we've done that over
three budgets and will continue to do it through the next Budget.

TONY JONES: OK, but what about this principle of looking at middle class welfare just briefly,
because what Finance want you to do is look at, "... whether more of the burden should fall on
those users," - this is their quote - "... who have the capacity to contribute more than they do at
present." That's what Finance is urging you to do: to look at middle class welfare in the health
and aged care area.

WAYNE SWAN: Well that's your interpretation, Tony; it's not mine.

TONY JONES: No, that's their words, not my interpretation. That's pretty straightforward.

WAYNE SWAN: Well, but the Finance Department will always be wide-ranging in the material it puts
before the Government. It doesn't mean to say the Government will pick up every single
recommendation or direction that the Finance Department recommends.

What we will do is put our savings program into the commitments that we've given based on our
philosophy and our economic policy. That's what we'll do as we go through the Budget round.

TONY JONES: So finally, middle class welfare not on the agenda at all?

WAYNE SWAN: Well, Tony, it depends on how you define middle class welfare and how the Finance
Department defines middle class welfare. What I will do as a responsible Treasurer is to make sure
that Australians receive the support they need, particularly when it comes to raising their kids,
and if people want to call that middle class welfare, they can, but what I call it is a civilised
society.

TONY JONES: You can't see savings in there though? For people who can afford to pay more.

WAYNE SWAN: Well, you tell me who they are and what income levels they're on and I might be able to
answer the question.

TONY JONES: Is it something you're prepared to look at? - that's the question.

WAYNE SWAN: I'm always prepared to look at policy. We always do, but we will do it consistent with
our principles, consistent with our economic program and consistent with our philosophy.

TONY JONES: Wayne Swan, we thank you very much - it's been a while. We thank you very much for
joining us tonight. Acting Prime Minister and Treasurer, thanks for being here.

WAYNE SWAN: Good to be with you.

joining us ton. Acting Prime Minister and Treasurer, thank s for being here.

Good to be with

Moneghetti vents on sauna conditions

for being here. Good to be with

you.

The Commonwealth Games is in day of competition, it's already already produced more gold medals for
Australia. There's been success in two of the strongholds of international sport for the nation,
swimming and cycling. Anna Meares continued her wonderful career by winning the first track gold
medal on offer in her pet event the 500 metres time trial and Peter Wilkins joins us now. She did
record a very fast time in what was a 1-2 finish to Australia.

Yes, it was a superb performance. Anna Meares is one of the great stories in Australian sport, in
Australian cycling, she cycling, she won gold in Athens in this event then she suffered a a
shocking fall, a life-threatening fall a couple of years ago shesmt was 7 months out, fought back,
won a silver medal in the Sprint in Beijing and now she's on another step to London and today she
just did it in style. It was a magnificent performance in the 500, the thumbs up, that was the
result, this was the reason, a powerful performance and a fantastic time too. She set a new
Commonwealth Games record which was outstanding. moment with her team-mate, her sprint world
championship team-mate Carly McCulloch.

It's a great feeling to be able to walk away with here in Delhi and a great time adds we. It's good
to see that level of improvement over a 4-year 4-year period I had in Melbourne in 2006.

Now this is the grim yas on another event that's not in the Olympic Games anymore. Theass Scott
Sunderland going away in the 1 k time trial for the men. He was the last seeded rider. He had to
dig deep and he came up with a record and a gold medal to Australia. So two out of two. Now this
man here, 21-year-old Jack Bobridge of the talents of the future and he's almost arrived now. This
was the final gns the New Zealander. He set a Commonwealth Games record but had to dig deep to win
the final.

That was a nail-biter at the end.

Let's go and look at swimming now. It hurts just to watch that, doesn't it? been more success for
Australia in the pool tonight after a gold rush last night. A young star has confirmed her arrival.

Yes, 18-year-old Leiston Picket. Leiston Picket. She's a bit of a training demon, he loves the get
to the gym and work out feverishly. She lowered the colours of her idol Leisel Jones alternate Pan
Pacs earlier this year in the earlier this year in the 50 metres breaststroke and tonight she did
it in style and there was a little cameo at the start. We've seen that look from Leisel Jones, the
playful one, she got done last time she did that, I think. Look at this result though. Leiston
Picket just 18 years of age from Southport. She managed the win.

The 18-year-old takes down Leisel Jones.

I guess that's the tough thing just trying to focus on your own race and really really think about
and just remind yourself how much great work that you've done and get in in there and do your best.
Now the 50 metres butterfly, another event expected to be won by won by Australia. It becomes an
absolute frenzy of excitement. Sit the washing machine and 3 Australians, Marieke a is there, Emily
Seebohm and the 15-year-old Yolane Kukla but in the end they're about to be demoirlised. 3 from the
top of the screen is the English woman Fran Halsall pipped them on the line.

It wa

s It was a brilliant performance. What a race, versus Australia and they did get one back there on
the team.

We just add incidentally a thrilling a thrilling finish to the men's 200 metres freestyle.

A cum

200 metres freestyle.

A cum of minutes ago two Australians featuring in the med also. Kend rick Monk was driving hard.
Two 100ths of a second separated them. So silver and bronze to Australia but that was another
brilliant race as

events are still looking for spectate ors to lift the atmosphere. Sleas been some grumbling too
after athletes were corralled in tunnel in oppressive condition bfrs the opening ceremony. There
have been serious complaints about this.

Absolute l and a bit of a whinge a-thon today but it seems with some justice. Chef demission Steve
Monaghetti himself no strange tore the cauldron of the Commonwealth Games, a marathon runner of
great aplom. He was livid over the team's treatment as they were martialed before the opening
ceremony. He waited to file his complaint through the correct channels but he did let off some
steam let off some steam today.

We were treated like cattle. It was disgraceful. It was with absolute disregard for athlete
welfare. And so far so extreme that the athletes have lost confidence with the event organisers and
it will impact on on future Australian athlete involvement at the opening ceremony. I can demot be
any stronger than that.

Some harsh words there and this was the reason. They were 2 hours in a marquee and then 1 hour
tunnel in 40-degree heat waiting to be moved, waiting for a drink. The officials getting in the way
and after the sweaty palms orchestra finally the apology came today.

Yes, I think some things did get wrong correct the situation in the closing ceremony but I would
definitely like to apologise for that.

He was livid, Steve Monaghetti, and he said today that he doesn't get that emotional but he felt he
had a particular reason when the athletes are there, congre gaiting, they're trying to gear up for
the big ceremony but for also their events and if they're hanging around dehi draiting in very
ordinary conditions.

It's not a good look. They can't seem to take a trick, these blokes. We will be see what's
happening with the crowds as well. That's a serious problem you can't get atmosphere if there's no
crowds.

The competors thrive at people at people at the event. Some of the sports are quite unique to the
squaims - Commonwealth Games and on the big stage you Betancourt er performances when

there is more at months sphere.

Chile mine rescue nears end

TONY JONES, PRESENTER: 33 miners trapped underground in Chile could be rescued by this weekend.

The miners have now been trapped for two months and are preparing to make the 700-metre journey to
the surface.

John Stewart reports.

JOHN STEWART, EPORTER: These miners have spent the past 60 days trapped beneath 700,000 tonnes of
rock. Their story has captivated Chile and may now finally be drawing to an end.

Three separate drilling operations have moved faster than expected. The sudden progress has
prompted Chile's President to announce that the miners could be rescued within days.

SEBASTIAN PINERA, CHILEAN PRESIDENT (voiceover translation): I hope that we are able to rescue them
before my departure for Europe. For me it is very important to share that moment not only with the
miners, but also with their families.

JOHN STEWART: Rescuers plan to send Navy commandos down the shaft to help the miners climb into a
small metal cage. The miners will then be winched to the surface, one at a time.

PEDRO BUTTAZZONI, SAN ESTABAN MINING COMPANY (voiceover translation): We have prepared a capsule
and have transported to help move the people.

JOHN STEWART: When the miners were first located, 17 days after the mine collapsed in early August,
they were told the rescue could take four months. Now rescuers say the men are confident they will
survive the ordeal.

RENE AGUILAR, RESCUE OPERATIONS FOREMAN (voiceover translation): They've been down there now for
many days. They're in perfect medical and psychological condition.

JOHN STEWART: Families of the trapped miners are now preparing to celebrate and have been told when
the big moment arrives the men will be pulled to the surface, with each rescue taking one hour.

John Stewart, Lateline.

one hour. A quick look at the weather now. That's all from us. If you would like would like to look
back at tonight's interview with Wayne Swan or review any of Lateline's stories or transcripts you
can. Visit our website and you can follow us on Twitter an Facebook. I'll see you tomorrow night.
Goodnight for

This Program is Captioned Live.

Good evening, welcome to Lateline Business, I'm Ticky Fullerton. Tonight - the Reserve Bank spells
it rates are going up but just not yet.

Clearly the whole issue of an interest rate some time between now and Christmas is still the
elephant in the room.

We talk to two leading economists about why the RBA left them on hold and how certain the
Government can be about bringing the Budget back into surplus. And BHP's tilt for Potash gets a
backhanded compliment from the Canadians, it's less bad than the Chinese alternative.

This report identifies question concerns, it identifies some small opportunities but it identifies
concerns.

To the marks, a nervous day ahead of the RBA decision, the All Ords recovered most of its recovered
most of its early losses. There was a collective sigh of relief from retailers and mortgage holder
after the RBA left rates on hold at 4.5%. The decision balanced strong growth here and in China
with much more modest prospects in the US and Europe and uncertainty on the financial markets. The
Reserve Bank also made it clear that rates will go up, just not yet. Here's Philip is not quite as
trigger happy as financial markets thought but but Paul Blocksome who worked there as recently as
August knew that. The Reserve Bank doesn't think there's any great urgency about getting rates up.
They see on the horizon that the resources sector is set to boom and the economy is starting off
this upswing with therefore rates will need to rise but they don't think it necessarily has to
happen right now. But it will happen. The RBA board issued a clear warning that:

Clear the whole issue of an interest rate increase some time between now and Christmas is still the
elephant in the room.

We still have a mind that rates will go up this year, probably by 25 basis points.

Retailers living fear that a rate hike will kill any chance of a any chance of a Christmas spending
revival were thankful rates did not rise today. The latest retail sales numbers saw a modest 0.3%
increase in August following a strong rise the previous month.

Once you take out take away restaurant and cafe from the figures they're not quite so robust for
the retail community.

There's not a high level of private demand out there, people aren't spending, neither businesses
nor consumers so in those circumstance s an increase in interest rates would have been quite
damaging across a broad range of the economy.

What's more robust is the jobs market and the resources business although job ads rose less than 1%
in September, the market is still relatively tight. Also the August trade balance was in surplus to
the tune of $2.3 billion. Exports were down but so were imports and the trade position remains
strong. The surprising interest rate decision saw the currency tumble more than a cent against the
US dollar. The Australian situation was in stark contrast to today's events events in Japan where
the central bank eased interest rates further to between 0 and rates further to between 0 and 0.1%
saying it would set a side $440 billion to buy government bonds and other assets to support the
economy. Advisers to the Canadian province that is home to Potash say that BHP Billiton's $40
billion the edge over any Chinese-led alternative. The Conference Board of Canada, an independent,
nonprofit orlingisation, says this a BHP takeover would cost the province $2 billion over 10 years
in lost revenue. But BHP's interest in returns on the investment would ultimately benefit the
region whereas China's interest is in lower Potash prices for its domestic producers. Resources are
a big part of the economy of the Canadian province Saskatchwan and the local government is taking a
keen interest in BHP Billiton 's $40 billion attempt to get control of the province's Potash
supplies. It's supplies. It's commissioned an independent report to examine the proposed deal.

This report certainly identifies concerns, no question about it. It identifies some small
opportunities but it definitely identifies concerns.

The main concern for the Government of Saskatchwan is money with the report claiming a successful
BHP Billiton bid could cost the province $20 the next 10 years or about 2% of its annual revenue.
But the report goes on to say with the exception of significant government government revenue
impacts we found few negative takeover effects.

I would imply that BHP's offer in the scheme of thins is probably quite fair and reasonable. I
can't see any sort of deal killing stumbling blocks here.

Potash though is doing all it can to frustrate including going to the courts where both sides are
now demanding the other produce a long list of documents. Morningstar's Mike Taylor say he's not
surprised about Potash's actions.

It's stalling tactics by the company and the longer they can keep BHP on the line then the more
time there is for a competing bid to come in and also for BHP's patience to wear thin.

That competing bid may well come from Chinese state-owned Sinochem which failed $2.8 billion
attempt to buy Australian agricultural company new farm.

It already has to deal with BHP in the iron ore market, it's a customer of BHP rtion and I think it
doesn't want to see BHP get into a similar type of situation in the potash industry. Because it's a
large buyer.

The world's largest and it wants a cheap supply, something that is making the Canadians nervous. A
report says be concerned about a bid from a state-owned enterprise state-owned enterprise like
Sinochem. In other words, the Canadians are worried the sign orks kem wouldn't mind if the price
fell.

There's an oversupply of short-term potash. The short-term potash. The worst thing from their point
of view would be for someone to come in and increase supply from present levels.

Kieren Kelly