News live: Taylor pledges ‘one of the biggest immigration cuts in Australian history’; tributes for Victorian Greens MP Tim Read

Follow live updatesGet our breaking news email, free app or daily news podcastOpposition announces ‘fuel price shield’ for when crude oil exceeds US$100The federal opposition says a “fuel price shield” policy under which the excise would be halved when the two-week average price of oil exceeds US$100 a barrel would save drivers 27 cents a litre.When global events send oil prices through the roof, Australians should know there is a clear automatic safeguard in place to provide temporary and targeted relief.The fuel price shield would provide certainty. When a serious oil shock hits, the tax comes down automatically. When oil