The Economic Perspective 27 June 2025

The Latest Trending Economic News Curated for You by Balmoral Group Australia

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Good morning dear readers, 

In this edition we have several stories on regulation updates. Firstly, This week's data visualisation shows a snapshot of NSW budget for the next fiscal year.  The government plans to turn around their $15.3 billion deficit through a $9.4 billion debt reduction, saving $400 million in interest payments per year. They’ll redistribute these savings toward essential services, focusing on child protection, TAFE, public schools, and healthcare infrastructure. The new budget also establishes the “Investment Delivery Authority” to fast-track non-residential investments, and creates a “Pre-Sale Finance Guarantee”, facilitating early construction of approved housing developments. 

In other updates, the Guarantee of Origin scheme is expected to launch late in 2025, while the new climate reporting rules for certain corporation will go into effect July 1st, with broader implementation expected over the next three years. We also explore how can Australia take advantage of the International Maritime Organisation's recent draft of net zero regulations for shipping and the impacts of pacific oysters on biodiversity.

Hope you enjoy the articles and have a great weekend!

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Certifying Australia’s renewable hydrogen future hits GO 

The Department of Climate Change, Energy, the Environment and Water announced the next step in the Future Made in Australia (Guarantee of Origin) Act scheme that is expected to start late in 2025. The scheme aims to show how a product was made and the emissions produced through its lifecycle, with renewable hydrogen being the first product to be certified. While it’s voluntary, the scheme will be important to verify eligibility for certain government initiatives. Read more here

Introduced Pacific oysters provide biodiversity benefits in Port River 

A recent study assessed the effects of introducing pacific oysters within the Port River-Barker Inlet Estuary in Adelaide. The researchers found that these oyster reefs generally benefited biodiversity, including richness, abundance as well as the density of mangrove seedlings. Read more here

Australia has a Chance to Dominate Supply of Green Shipping Fuel 

In April, the International Maritime Organisation approved its draft net zero regulations for the international shipping sector, which if adopted, would start in 2027. The regulations include limits on emissions as well as a carbon levy. According to the chair of Superpower Institute, Australia has the opportunity to take advantage and become a major green fuel exporter with programs like the $2kg hydrogen production credit. Read more here

New climate reporting rules start on July 1. Many companies are not ready for the change 

In September 2024 a new legislation passed that will require certain companies to report climate-related risks and opportunities. There is a three-year transition period, with only a few companies required to start July 1st. As more than a quarter of ASX 200 companies do not use the international standards, challenges are expected for some companies to be im compliance with the new data requirements. Read more here

NSW 2025-26 Budget Snapshot

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