Reserve Bank interest rates: Treasurer Jim Chalmers says mortgage holders ‘bracing’ for delayed effect of rate rises

UNESCO has stopped short of declaring the Great Barrier Reef “in danger” in a draft decision hailed by the Australian government.

A decision on whether to inscribe the reef on the list of in danger sites requires the backing of the World Heritage Committee.The draft decision says “significant progress” has been made by the current and former Australian governments but warns the reef “remains under serious threat and urgent and sustained action ... is essential in order to improve the long-term resilience” of the site.

Queensland’s Great Barrier Reef Minister, Leanne Linard, said the state government had taken strong action to protect the reef, consulting scientists, industry and conservationists. A decision on whether to inscribe the reef on the list of in danger sites will require the backing of the World Heritage Committee when it meets in September.

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