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We are going to take you live to Brisbane where the Prime Minister is speaking to the media.... to make this announcement with my friend and colleague, the Member for Petrie. This is very important local and regional facility and the expansion and the upgrade of this particular ground is being strongly backed both by the Dolphins Club and by the local council. The club has put in $3 million. The Council has put in $3 million. The State Government as yet hasn't made any contribution but I am pleased to say that the Commonwealth Government will put $4 million towards the cost of the upgrade of this oval. This, as Luke has said, is important for the reege until and local - regional and local economy. The upgraded oval will create about 200 jobs in construction. It will create about 150 ongoing jobs. It will and
be an important hub for sport and for everything that goes with sport in our country. So this is of a piece with everything this Government is doing. All of our announcements, big or small, all of our policy decisions, big or small, are about growth and jobs. This announcement today will help the Moreton Bay area to grow, it will certainly help to create jobs here in Redcliffe and that's why I'm so and
pleased to be with Luke Howarth and local people to make this announcement on this beautiful Sunday afternoon here in Would
greater Brisbane.REPORTER: Would you like to see business class flights for family members scrapped or the family reunion entitlement scrapped altogether? This is something that will be booked at by the root and branch reform of the whole expenses system. This Government made some important changes early in our term. We scrapped the employment of family members in MPs' offices. We stopped politicians going overseas in first class. We have significantly restricted family travel both inside and outside Australia. Now we've got this root and branch reform of politicians' expenses underway and that will look at this but as a general principle, certainly, the sorts of expenses which are fair and reasonable for politicians are would be
the sorts of expenses that would be fair and reasonable for business to pay for executives or managers of the business doing a particular activity which is business related.You polling has shown that you have been hurt by the that?
expenses. Are you worried about that? Look, it's never about me if I may say so. Everything that this Government does is about the long-term good of the people of Australia and while you have good days and better days in a job like this, as far should
as I'm concerned, every day should be about doing the right thing by the people of proud
Australia. I'm particularly proud of the Budget which was the biggest ever boost for small business. There was also a multibillion-dollar boost for families through a much better childcare system. That's what we are on about every day. Doing the right thing by the as well as
people of Australia. This week, as well as this important local announcement to help boost this stadium, we had a very, very historic announcement about a permanent naval ship building industry in Australia centred in Adelaide and, of course, we got the good news during the week that we've had more than 330,000 more jobs created in our economy since the election. Six months ago you said "Good (INAUDIBLE) how
government starts today" (INAUDIBLE) how have you assessed the performance of this government? I think every day since the election has been a day of good government. Occasionally there are distractions. There was a little distraction six months ago. Over the last couple of weeks, there has been another distraction but the important thing is not to allow the distractions to stop you from getting on with the job of governing. As I say, this week we made a truly historic announcement about an ongoing naval ship building industry here in Australia, not just ship building but fleet building here in Australia. That's going to be very good for jobs as well as very good for national security and here today I'm doing something wonderful for the people of Redcliffe, for the people of the Moreton Bay area with Luke Howarth who has been fighting very hard to get this commitment by the Commonwealth regional
to this important local and the State
regional facility and I hope the State Government might be preened to open its wallet - prepared to open its wallet given that not just the Commonwealth, but the Council and the club, are heavily do you
involved.(Inaudible Question) do you think anyone should hold a trademark? Look, I'm afraid this is a very important local matter but it is not one that I've caught up with and so I probably best not to express an opinion. The fact we love to Question)
sing the song.(Inaudible Question) is your coming here today a sign is that the next campaign has begun? It is a sign we take this electorate, we take Brisbane, we take Queensland, we take every electorate seriously. Good government is about delivering for the people of Australia and that means for the people of local areas like this but you can only deliver for the people of places like this if you are actually getting the budget back under control. That's exactly what this Government is doing. As you know, we inherited a debt and deficit disaster from the former Labor Government but, thanks to the very significant savings that we established in last year's Budget, we are now able to make these sorts of practical investments that are good for jobs, good for growth and good for local areas.What's your understanding of how widespread the problem of Vegemite being used in home brew in Aboriginal communities is? It's not something I'm deeply familiar with, although, obviously, in many remote communities there is an issue of substance abuse reasons
more generally and one of the reasons why I am so pleased that this week we were able to announce the beginning of the Centre link debit card in a selected number of trial sites, is that it will help to address this problem of substance abuse in remote places. So, the particular issue is something I would probably best leave to others but we are determined, as a Government, we should be determined as a nation, to address these issues because if we are going to see real progress for the Aboriginal should
people of our country and that should be very close to everyone's objectives, we need the kids at school, the adults at work and communities safe. That's what this Centrelink debit card is about.Should shop keepers be helping to monitor how many jars of Vegemite are being sold to people? Look, this is a deregulatory government. The last thing I want to do is have a Vegemite watch. I really do. Last thing I want to see is a Vegemite watch going on. Because Vegemite, quite properly, is for most people a reasonably nutritious spread on your morning toast or on your sandwiches. What's important is that we ensure that remote communities, all communities, are being properly policed and one of the measures that this Government is cracking on with is the very important introduction of the Centrelink debit card so that people who are largely reliant on Social Security for their income will be spending the vast bulk of their income on things that are good for them and their families. Very important initiative this Government has committed to and it is starting soon.Should the next Speaker be less partisan and be banned from the party room? Whether the Speaker is a par tis pact in the - participant in the party room will be a matter for the Speaker. I think the important thing is we have a Speaker who can command the Chamber and who can command respect from both sides of politics. Now, we've got some good candidates who, as I understand it, are going to be nominating for the Speakership in the Liberal party room tomorrow morning. The best candidate will be the candidate who can best command the Parliament and, in particular, who can best command respect on both sides of the Chamber. ThankDo you have a preference? As I said, there are a number of people who have indicated they're likely to run. All of them are my friends and my colleagues. All of them have my respect. I'm not going to indicate a preference because I'm just one vote in the party room tomorrow. That's all I am, just one vote in the party room tomorrow, and as I said, the best candidate will be the one who is most able to command the Chamber and most able to command respect from both sides Prime Minister Tony
of the Chamber.That was the Prime Minister Tony Abbott rugby
speaking to the media at a He
rugby league club in Redcliffe. He was announcing the Federal Government will spend $4 million to upgrade the oval there. He also spoke about the debate over MP entitlements. He said it was important for distractions not to get in the way of the Government governing the
the country. On the issue of the new Speaker of the House of Representatives, he said it was important to have a Speaker who could command the Parliament properly and who could also have the respect of both sides of the Parliament.

A cold trough is producing storms in WA. Gusty northerly winds is bringing a warm day to SA and the interior. A high-pressure system is bringing a dry day with light winds to the east. Looking around the country for tomorrow:

I'm Johanna Nicholson, thanks for your company. One Plus One is next.

They call him High-Rise Harry. Harry Triguboff is one self-made
of Australia's richest self-made men so what's it like to be a $10 billion man? This Program Is Captioned Live by CSI Australia Hello and welcome to one plus won, I'm Jane Hutcheon. Harry Triguboff came to Australia as a young migrant. He was never impoverished but through hard work and learning from his mistakes he began a company that bought parcels of land and built apartments. Now, more than 50 years later, the octogenarian businessman who founded and still heads his company, Meriton, is still doing it his way. He's currently Australia's third-richest person according to the 2015BRW Rich List, with personal wealth estimated to be above $10 billion. Harry Triguboff, welcome to 'One Plus One'. Thank you.We are sitting here in one of your penthouse locations overlooking Sydney. You are one of the wealthiest people in Australia and your wealth has grown to more than $10 billion according to the BRW Rich List. I wonder, as we look out across different parts of Sydney from where we are, do you feel that you've had a hand in the way the landscape of Sydney has changed? Well, since I'm not a modest person, I say I had a biggest hand in it.The biggest hand? Because I devoted myself to Sydney. I did a little bit in Queensland but basically I'm Sydney. And I started with the first units in 1963. There were very few units built then so that's when I started.As you look out from this incredible location, do you feel proud? I feel very proud. I am proud that when we started it was all in a very small way. Two storeys was what we built. Four storeys required a lift so we didn't do those. Three storeys people preferred with a lift so we didn't do those either. So we started very, very modest way but I guessed correctly, there was a big demand and the demand has only grown with supply.Do you remember the first financial risk you ever took? I think that I never take risks. In my mind, there is no risk. The great risk in Sydney is the town planning department. That's the risk. You don't know what they'll do or the councils will do. As far as the building part, there is no risk. What about in your early life when you were just starting out? Can you remember ever taking a risk, something that made your heart stop? Don't think so. Really? No. Don't remember. Must have happened but I don't remember.Your parents had to make a huge sacrifice to get out of Russia. They moved to China which was a haven for Russian Jews at the time. Were you brought up with this sense of gratitude and persecution being always at the back of you? I never felt persecution. I'm sure that it happened but I never felt it. I didn't see it. See, I think a person only feels when he sees something.But did you get a sense of your parents having Russia?
been persecuted and fleeing Russia? Did they tell you stories about that? I considered it lucky that they were in China rather than in Russia and many years later I brought to this country dloo relatives of mine from Russia relatives
then realised how luck - 32 relatives of mine from and realised how lucky I was to get out into China and afterwards got out into Israel and I was here so Ier considered myself lucky. Did you consider yourself lucky as a small child growing up in China? Because there was a lot of hardship going on around you. There was the Japanese invasion in the 1930s, there was civil war and finally the Communist takeover. It wasn't exactly a peaceful time then, was it? Were you aware of those things going on? Sure. I didn't feel much about the early part. I felt it at Pearl Harbor. That's when the Japanese occupied the province where I was as a child growing up but the Japanese were and to us, the Chinese were good to us. Russia was not at war. Russia was neutral. So really the war years for us Russians in China were very good years. The hard part was before the war when there was the Great Depression in the world and you imagine my father, he didn't know Chinese, he didn't know how to read or write English. He knew Russian and he knew Yiddish so it was very hard for him, that's for sure, but I was a small child. I didn't understand that. What were your impressions when you first stepped off that plane in Sydney with your brother in 1948? First of all I was so excited that I felt ashamed. I felt I had to be with my parents. I was here with my brother and I only looked at the future so I felt really ashamed but I couldn't help my excitement. Here was a country I came to that there were all white people. I never saw so many white people in my life. I looked at Bondi Beach. Bronzed bodies. Unbelievable! I looked at the red roofs. No flats. Cottages everywhere. Superb, I couldn't believe it. So they took me - the first day I was here they took me on the Harbour Bridge. I crossed the bridge. I never saw such a big bridge. We had a small bridge, this was a big bridge. So I was very, very impressed. I didn't know there was London or New York. For me, this was London and New York all in one.Why did you say that you felt ashamed of being so excited? Because I thought I should be feeling sorry for them that I came here. Still, I understood the problem of a parent that had to send his child here because it was very dangerous for them as communists were coming in and they had good reason to believe it was dangerous because there's not one person from those times they
still in China. My parents, they went to Israel. We were lucky Israel was established just in time for them to get out.In your early years, you spent time in the UK, I think you studied textile engineering in the UK. You worked in Israel for a while. You worked in South Africa. That's before you came back to settle in Australia. Can I ask you, were you looking for a homeland or did you just like to travel? So when I finished school here, by that time my father started a business in Israel and in his mind and my mind I only had one thing to do, to work with the father. He had a textile factory. To work in the textile fact hy he sent me to Leeds. That's where I learned all about wool. I studied there for three years, worked with my father. I work would my father and my brother. I didn't get along with my brother, my brother didn't get along with my father, my father didn't get along with me. Happy family. We loved each other but couldn't work. He said, "I'm sending you back to Australia." The Australians wouldn't let me come back. Our Immigration Department is no piece of cake, I promise you, when you're outside. It took me a year to get the visa back so that year I spent in South Africa and when I came back I explained to them that I was really entitled not only to enter the country but to have citizenship. They immediately made me an Australian so that was very good. So I thought it was good. And I stayed ever since here. You sound like you had quite a complex family life. Did that get reconciled as you got older? Did your father, for example, live to see your success? He saw the beginning, yeah. Yeah, he did. He died when I was already probably 8 years in business, yeah. Very good. Was he proud of you? I think he was surprised. (Laughs) so was I.Why was he surprised? Because he thought he was the clever one and he looked upon me as the one that's arguing all the time. Some people in this country think - some politicians still think I'm argue. They forget that they have to fight each other, they fight me when they fight
need me and I need them. They fight me. Must be in my blood, I fight them. He was surprised that I succeed but anyway he was very proud, yeah, sure, and he told me to help my brother and anyway I couldn't help my brother because he didn't like the conditions and then I didn't help him but anyway, we back
were great friends. You came back to Australia, as you said, you got your citizenship. I've heard that you ran a taxi fleet, you earned a milk round and you sold real estate. That's a lot of different kind of jobs. Yep. Why did the real estate win out over the taxis and the milk round? So I came here and I tried to get a job in textles so I knew some friends and they told me, "If you are good you'll be better than us. If your bad we have to sack you," so they didn't give me a job. Can't give you a job. I had enough money to buy a cottage but I didn't do that. I invested my money in milk run, in taxi, I bought a block of four flats and I worked. For my job I got pound £20 a week, for my investments I got £100 a week so I lived well. Mind you, there was no capital gain in you
those days. You bought $400, you sold $400. I did OK. I had a friend who was told he should go into building. Because I was already a salesman in real estate, I understood what people wanted, which is the main thing, always understand what people want. So I took him and we bought a block of land and I built it and it was very successful the first time I ever built so I thought, "Well, that's very good," so even before I fixed I already bought land for another two blocks and kept on multiplying and that's how it happened.So you said that you always understood what people wanted. Yes.How did you get that skill? I watched them and I tried to understand what made sense. So I saw these young women here when I started to build and they got very low wage s and I understood that the only way they could figure out security was to have a home. I could see it in their eyes. I could deliver apartments which were a lot cheaper than cottages in areas which were much closer to the city and better. And there was no competition so I thought, "This is where I should go." Logic, right.Fast forward nearly half a century and your company, Meriton, has built tens of thousands of dwellings, you are now Australia's biggest residential property developer. You have said that the Australian dream of a quarter-acre block is trading up to a penthouse in the centre of town. Have you helped craft that new Australian dream? Of course. The newspapers were always against me in the beginning because they thought that I was depriving people of what they wanted. I dis agreed with them because the people were paying the money. I mean, it is very easy to write a story but if a person pays everything he has and borrows everything he can to have an apartment then I was correct and they were wrong. As time went on, I was proved to be correct because the movement is towards apartments now but my problem is - it is a problem of the community - that the apartments cost too much whereas cottages are a lot cheaper. Logic says apartments should be cheaper not cottages, but the way it works, that is why I have these arguments with the planning department, because they cause the costs to be so high. And I will win because I'm logical, they are not logical. He is proving to me that he's the boss. But five years ago, in August 2010, you proposed that the Federal Government should insist on making the RBA drop interest rates to improve housing affordability yet here we are today, interest rates are extremely low but housing for many Australians is still very about
unaffordable. How do you feel about that situation? Well, I Reserve
did all I could to fight the Reserve Bank and the Reserve Bank agreed with me in the end. Logic. If everywhere in the world the interest rates were very low, why should we have them high? Suddenly we decided that we are a bigger risk than bigger
others. If I thought we were a bigger risk I wouldn't be here so I proved myself right but now you don't hear me talk about interest rates because they are good. They might be a bit lower but that's irrelevant. We've got them where we want and it looked impossible but we've done it. Could you imagine if the interest rates would be higher? First of all there would be no building at all.But house prices are still hardly affordable for lot of Australians. Do you have a sense about that? Does that make you feel regretful in any way? I tried all my life to make housing affordable. The more affordable the house, the more money I make. It's not the less affordable I make because if it's unaffordable you can't buy much. I deal in volume, to sell volume it must be affordable so that's my whole life is to make it affordable rates, now
so I did it with interest rates, now I have to do it with the planning now. But if I can address you as Mr Triguboff, the great grandfather - you have a great grandchild, you have grandchildren and you have children - a lot of Australians would say - maybe not from your family because you've done very well - but a lot of Australians have a sense of unease about the future. There's an uncertainties about jobs, they find housing unaffordable, do you share that sense of unease? There is a lot of unease and they are every right to be uneasy and that's gotting into do with Government. That just is the way it is - gotting into do with Government, that just is the way it is in my opinion. 30 years ago a person got a job and thought he would have the job forever. Today he gets a job, there's technology, they sack him, he can find another job, mind you, if he wants a job he gets it. There is jobs around, no problem. But he's uneasy. In the old days he thought if he joined the railway department he would die in the railway department announcement the old people are also uneasy. They don't know how long he'll live, he does want know how sick he'll be so has he got a problem and he can't fix it is the way the world is. I make very uneasy and don't forget even though I think I am so wonderful, I do and
have a lot of responsibilities and I do have half-finished buildings can we've got to finish them one day so I depend on the market being what it is. little
That's the unease.Let's talk a little bit about courage. I was thinking about this interview and I wondered to myself what does somebody give one of the wealthiest people in Australia as a present? And I found these, they're fortune cookies. Yeah, that's right, yeah. Shall we crack a fortune cookie together? Yeah, very good. Very good.You've got good eyesight. To do two things at once is to do Very
neither. That's good advice. Very good. To do two things at once is to do neither. Very good advice. I agree. An ounce
ounce of gold cannot buy an ounce of time. Correct. Time is all we have ask we lose every day. Why I gave you the fortune cookie is I was wondering whether in your life you consider that luck and chance have played important parts? How do you respond to that? Definitely important but to be lucky you have to be there. To succeed, you have to work hard and you must pick the right subject where you want to work hard, so you must also be good at what you do and you must be happy at what you do. If you have all those things you'll succeed. You said before that you have to have a lot of things lined up for you to succeed. What would you say your one special skill is? The They must
skill is have the right people. They must be happy at your work. If somebody is unhappy in the
my business, I throw him out on the spot. Doesn't mat bhoor he is. I don't need him sulking there. If I can't change him, no good to me. I'm no good to him either. I have failed and he failed in my opinion. So everybody must be happy, have to work hard, has to be consistent. That's very important. If you can get consistency then you will win. To get consistency, one must be very agile. Most people are not agile because they owe money, they got partners and they got shareholders. I got my money, I got no shareholders and I've got no partners so therefore I can move a lot quicker than they can. I can say something today and do something completely different tomorrow and nobody tells me, "But you were wrong."Mr Triguboff, what do you find challenging about being wealthy? Find challenging? It's very nice to be wealthy. I'm very happy. I don't spend much money, mind you. Nothing like others. Really? Have no time to spend it. I have too much fun work. What would you I want to spend money on? For me, money is not what I spend it on, money is what I do with it. If I have more money I can build more flats. If I have more money I can do more things. I think I'm lucky if you have money that I can have good health service. To pay doctors and things you have to have money. That's very, very first
important. In fact, I think the first thing you should do with money is make sure you're healthy. Use that money for your health but that does want require big money, thank God. - that doesn't require big money, thank God. I'm healthy. Surely if you had a lot less money you would have a lot less responsibility in a lot of ways. That's what I was trying to get at by challenging, are there aspects to having a $10 billion empire that you wish you didn't have? No, it is good to have $10 billion. Let's have hundred billion, why not? Very good. Good fun. Good fun? You must look at it that way. People tell me how do I take the pressure? I say, "I give the pressure to them. Don't worry about me." Off a goose's back. Don't worry about it. If I couldn't take the pressure I wouldn't start.So the
you, of all the billionaires on the BRW Rich List, I think you jumped the furthest in the last 12 months to more than $10 billion. You mix, obviously, with a lot of other quite wealthy people, do you learn from other billionaires? I don't mix with many of them. Really? No. I mix with my billionaires
workers. What do I need the billionaires for? They're old people. They talk to me about the past. Young people I want to talk about the future so I really don't but I do read what about they do. Of course I do. And I see the mistakes they make and I admire the good moves they make too, all kinds. So there you are.Do you consider yourself powerful? If you were to pick up the phone this afternoon to Tony Abbott, would he pick up on the other end? Never. (Laughs)Which bit never? You wouldn't call him or he wouldn't pick up the phone? He wouldn't pick up the phone. He wouldn't. He has me
nothing against me, nothing for me either by the way, but he wouldn't talk to me. You have a rabbi come to your office twice a week. I wonder has religion, has spirituality become more important to you as you've got older? Not much. I go to synagogue three times a year, I went that way with my father. I continue the same tradition. I never learned how to pray properly but I think I get on with God. He's looking after me so I have no complaints.Do you feel a sense of content ment, a sense of satisfaction or even, dare I say, happiness at this time of your life? I am extremely happy. I'm happy first of all to be alive because at my age, when I was a young fellow, 60 years old was about the limit in China. I never saw anybody pass 60 in my life so to be alive I'm extremely happy. To be healthy, even more happy, and that I have wealth, very good too. I think I use the wealth properly. I use it for the benefit of everyone, including myself.What do you say, then, to people who say that money doesn't make you happy? I think they're stupid. money
I have never seen anybody give money back. (Laughs)Do you think it's important as someone builds
who builds buildings, who builds high-rise buildings, to build beautiful buildings? Very important but in my case I have so many responsibilities that I cannot just stand back and look at beauty so for that purpose I have the best architects in the world and I leave it to them. I think they've done a very good job. I think we have a very outstanding town planner in the city of Sydney. Extremely successful. In fact, I gave him some jobs when he was a young kid so he's very good and I think we're very lucky. I about
would like to talk a little bit said
about the fuchBer. You have said that - about the future. You have said that your wife won't run Meriton, your daughters don't want to run grandchildren
Meriton and you have four grandchildren and I know some of them are involved in this business. Very good.Why is pass
it hard for rich families to pass on companies, to pass on wealth? I don't know about others, I know about myself. For me, I made the company for me. I've given enough money to my children, grandchildren, My
wife, they have enough money. My main problem is not the family, my main problem is to ensure that the business continues well for me.Mr Triguboff, if I was to come back here in 10 or 20 years, who would be sitting opposite me as the head of Meriton? I have no idea. I am looking are for somebody. I don't know if I'll ever find anybody who can do it. Might have to sell the company. Might have to split it here, there and everywhere. I don't know. I have to discuss it with my daughters but it's very difficult to find them. You see, my daughter, one is in Israel, one is here and then that one goes there and this one comes here. They have to sit down together and start giving me directions. My wife, she doesn't care about the business. She's had enough. I've given her enough money, she's happy. So it's between those two daughters. That's all.Do you worry about the future? No y just plan as well as I can. But I'm more concerned always about the present. I have to succeed at the present before I have the future.Mr Triguboff, it's been speaking
a great pleasure. Thank you for speaking with me on 'One Plus One'. Dwroo thank you very much, it was a great pleasure for me too. Very nice. 'One Plus One' is available on:

The Treasurer in the spotlight as questions over Parliamentary entitlements continue to dog both sides of politics.This is something that will be looked at by the root and branch reform of the whole expenses system. Live by CSI Australia
This Program is Captioned Live by CSI Australia Also ahead, tributes for retiring Australian cricket captain Michael Clarke. One person injured and another missing after a gyrocopter crashes south-east of Melbourne. Over 80,000 runners cross the finish line at Sydney's City2Surf. Hello, welcome to ABC News. I'm Johanna Nicholson. Let's take a quick look at tomorrow's weather first: