Trans-Tasman travel bubble dealt fatal blow

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The Trans-Tasman Travel bubble, which promised to allow unrestricted two-way travel between Australia and New Zealand, has been dealt a fatal blow with Queensland, New South Wales and Victoria each imposing new restrictions on Auckland arrivals following new community virus transmissions across the city.

Overnight, New South Wales and Victoria reclassified Auckland as a virus hotspot meaning that anyone arriving from there will need to spend two weeks in hotel quarantine. Queensland went one step further, designating the whole of New Zealand a virus hotspot.

The decisions came after three new community transmissions were recorded yesterday in New Zealand linked to an Auckland high school:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.