Australia news live: hundreds of Brisbane trains to be cancelled amid industrial action; families of Bondi shooting victims to take the stand

Meanwhile treasurer says next week's budget will save more than it spends. Follow today's news live

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Jim Chalmers says next Tuesday's budget will not extend the 26-cent fuel tax cut beyond June.

But with Australia hostage" to the wild swings in global oil prices amid the ongoing US-Israel war on Iran, the treasurer said there was a range of contingencies" prepared to help support households and the economy from any escalating damage as a result of the Middle East conflict.

The budget will be calibrated for the conditions, but it will also still be consistent with our ambitions.

The election began a year of delivery, and the budget will begin a year of more ambitious reform, reform which is made more not less, urgent by global inflation and global economic uncertainty.