Unbiased AI-powered news
Social Services Minister Tanya Plibersek said the government still needs to explain changes to capital gains tax and negative gearing announced in last week's federal budget. Prime Minister Anthony Albanese discussed domestic violence funding during a radio appearance.
Social Services Minister Tanya Plibersek said the government still has explaining to do about measures in this year's federal budget. Plibersek told Channel Seven that a large group of Australians do not yet understand the changes to capital gains tax and negative gearing. She said the government needs to talk to those people and explain the decisions.
The government limited negative gearing to new home builds and replaced the capital gains tax discount with a 30 per cent minimum tax rate. These measures were announced in last week's federal budget. Polling in the Nine newspapers showed many Australians remain undecided about the changes.
Newspoll found that 47 per cent of people surveyed believe the federal budget is bad for the Australian economy.
Albanese joined Triple M Hobart on commercial radio. He was asked about domestic and family violence after two women were killed in Tasmania over the weekend. Albanese said the government has allocated $100 million in the Housing Australia Future Fund for emergency housing.
"Money is important, but it's not enough. We need to change attitudes. We need to say and declare as a society one woman being subjected to violence is one too many," Albanese said. One Nation MP Barnaby Joyce said the government is finding it hard to explain the budget because it lied about not changing negative gearing and capital gains tax before the last election.
Single source — no framing comparison available.
A proposed settlement filed in U.S. District Court in Kansas requires South Bow to pay a civil penalty and spend roughly $40 million on prevention measures after the largest onshore crude pipeline spill in the United States in nine years. The agreement resolves allegations that t…
ForbesSen. Elizabeth Warren sent a letter to JPMorgan Chase CEO Jamie Dimon last week asking about his interactions with Jeffrey Epstein. The Senate Banking Committee published the letter Monday after the Financial Times reported the outreach Sunday.
President Donald Trump's disclosure of $1.4 billion in crypto-related wealth is influencing negotiations over ethics rules in the Digital Asset Market Clarity Act. A new draft is expected in days as the Senate considers a vote this month.