Oliver Peterson: Australian correspondent on NSW raising concerns over rise in unapproved peptide usage

Oliver Peterson, ABC Perth Radio Drive presenters with us. Hello, Ollie. G'day, Heather. So that oil price is not helping you guys with your inflation, eh?

No, it isn't. Our central bank is now facing this uncomfortable choice. So what do we do, Heather? Do we tackle stubborn inflation with higher interest rates, potentially putting more pressure on households and jobs, or risk inflation staying higher for longer? I mean, this is obviously something you're grappling with as well over the ditch, but oil finished last week at around US$106 a barrel. Diesel prices are a particular concern in this country at the moment because they feed into freight, obviously, manufacturing, farming, food production costs. And food prices are also under pressure from higher energy and fertiliser costs, as well as, of course, weather conditions associated with the developing El Nino. Now, our unemployment rose to 4.7% last month. That's a five-year high, and that complicates the RBA's decision-making. So financial markets have already reduced their expectations of an immediate rate rise. Inflation remains a concern and the RBA has got to weigh rising prices against weakening economic conditions. And all indications are they're going to put them up.

Oh, yeah. Ouch. Hey,

what's the deal

with the peptides

in

New South Wales?

This isn't good. They've now recorded New South Wales Health over 1,000 emergency department presentations associated with unapproved peptide use. That's between July 25 and September 26. It's going up and these are some particular products which are being promoted through social media, wellness websites, online retailers, sometimes with claims about reversing ageing or speeding up recovery. Now, they warn that some of these products may contain unknown substances or incorrect ingredients and dosages. You can get liver, kidney damage, allergic reactions, esophagus problems. I actually met a bloke at cricket on the weekend who told me about this new sort of ozempic type thing that he gets from some random person that comes in from China, but it's having amazing results. I was like, mate, why wouldn't you just go through the TGA and do it above the counter here in Australia? Just be careful about this stuff. And what did he say? Why wouldn't he? Because he's having good results. He's lost 20 kilos since the start of the

year. But how much does it cost in contrast to your Govees? It's

very cheap. And that's what he was saying too, like it's incredibly cheap. But there's obviously, you know, there's a black market for everything, right? There's a black market for these weight loss drugs too.

Yeah, yeah, too right. Now, I'll tell you what's blowing my mind about your part of the world is that people can buy key cloning devices online. And you go, why are you buying a key cloning device online, mate? Oh, to steal cars. And yet they still can. How is this possible? And there's 30 a

day of these in Victoria, right? So there's 10,000 vehicles every single year are being pinched just by simply using key cloning devices. I don't know how this stuff is legal. Now, it can obviously exploit a car's onboard diagnostic system to program a key and bypass some security