April Glover, Senior Journalist Digital News Team
She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Zoe Samios covers wagering and the business of sport from the AFR’s Sydney newsroom. Emergency services responded to reports of a crash shortly after 7.45 am today, with multiple crews, including a helicopter, now at the scene. Treasurer Jim Chalmers today confirmed the tax break will be officially enshrined in law and will come into effect in time for the 2027 tax season next year. Emergency services were called to Karreman Quarries on West Mount Cotton Road in Sheldon about 2.20pm yesterday following reports a man had been critically injured in a forklift incident. “I wanted to take away this dopamine hit that seems to be dished out no matter whether you win or lose.”
The government will make changes to its selection process to target more educated, higher-skilled and younger migrants. The minimum tax rate rips a key tool of wealth building used by millions of richer Australians and has a particular sting for so-called bucket companies. Changes to negative gearing and tax increases on trusts and capital gains have heralded the end of preferential treatment of asset wealth. Its runaway success has helped change global streaming. Brandon Riegg convinced Netflix and Formula 1 to take a risk on a documentary series on the sport.
But his tax hit isn’t backed with big-bang reform to expand the economy. The Albanese government’s planned new restrictions mean people could opt out of gambling ads on their favourite podcasts or platforms like YouTube and Spotify. In an excoriating report, the state’s audit office has provided a window into the relationship between the NSW government and the powerful sporting body.
- A regulator dismissed allegations of a cover-up as “sensationalist rubbish” but the episode has opened the floodgates for multiple attacks against the industry.
- The Wests Tigers’ travail is a property story through and through.
- Major super funds, banks and financial bodies hope to meet in March to share information about best practice in identifying and preventing financial abuse.
- The US president has been weakened by the war with Iran, but China needs a stable global economy so it can keep exporting its goods and boosting growth at home.
Hemmes’ Club Rose Bay under review over beer garden saga
The Dutch trading giant’s local offshoot grew profits by 50 per cent in 2025 as high volatility across financial markets offered ample trading opportunities. No major investment house has recommended clients sell positions in the embattled health stock despite repeated disappointments and executive departures. A government with a massive parliamentary majority, an opposition in disarray and no election imminent. Treasurer Jim Chalmers says the government’s broken promises on tax reform involves an element of political risk. Treasurer Jim Chalmers says the changes will make the system fairer and help young people get into the property market.
The foundations of the Forrest, Ramsay, Snow and Myer families are donating $30 million to support women in leadership and end domestic assaults. Peter Regan found out the hard way how to strike a good public-private partnership for transport. Sydney’s new Western Sydney Airport metro line could use a robot to inspect the cleanliness of trains and check rail tracks for faults. Daniel Salter wanted to find jobs for army veterans on Victoria’s North East Link project, but he couldn’t open the necessary doors – until he coughed up cash. The Wests Tigers’ travail is a property story through and through.
If the SERD report did nothing other than highlight the precarious state of Australia’s hard-won prosperity, it would still have performed a valuable service. Indigenous groups are achieving legal victories over new offshore gas developments, creating delays the gas industry didn’t see coming. Beijing’s ambassador to Australia Xiao Qian says Chinese port owner Landbridge shouldn’t be punished by having its lease ended on security grounds. The former prime minister said that when he approved the lease with a Chinese company a decade ago, security agencies had no concerns about the deal. Anthony Albanese has doubled down on an election promise to force the Chinese owners to sell Darwin Port despite warnings Beijing may hit back. A regulator dismissed allegations of a cover-up as “sensationalist rubbish” but the episode has opened the floodgates for multiple attacks against the industry.
Major investors are increasingly worried about the hype around artificial intelligence stocks driving US markets to repeated records as war boosts inflation. DGR Global shareholders hit the jackpot when a Chinese suitor bought SolGold, but will they ever see the money? The $59.3 million valuation of the copyright was based on Deloitte estimates, but tax authorities have claimed it should have been closer to just $4 million. The annual wages and salaries bill for government sector workers are forecast to plateau at about $32.6 billion in 2030. Energy Minister Chris Bowen will drastically scale back subsidies for green hydrogen programs as the government ploughs funds into its petrol and diesel stocks. The 2026 budget contains taxes on higher education providers and departing Australia, infrastructure cost blowouts, and a crackdown on school disability funding.
The treasurer’s fifth budget confirms intentions to put higher taxes on wealth but without reducing income taxes, cutting spending or boosting productivity. Every argument being made now and in the next few weeks could have been made before the last election – and carried. The S&P 500 has added a staggering 16.6 per cent since hitting a wartime low in late March, while the local bourse continues a long slump.
Doctors divided on push for taxpayer-funded weight-loss drugs
The reason today’s senior executives are ‘shy’ about ESG is that their efforts have not prevented major scandals. Investors and CEOs say non-financial issues remain a key risk for businesses, but we may have outgrown the phrase ‘environmental, social, governance’. How to balance good governance with financial return for shareholders remains a burning issue when it comes to ESG investing. A top consultant says the government’s Climate Active program is no longer part of corporate decarbonisation plans. But diplomats also pressed the World Health Organisation about how it might cope when its biggest donor exits the UN health agency.
The country’s largest pastoral company has told investors four of its properties are affected, but says it will not be as bad as the 2019 devastation. The Gina Rinehart-backed rare earths play has secured $230 million from Export Finance Australia and German bank KfW to develop its Nolans project in the NT. The US president has been weakened by the war with Iran, but China needs a stable global economy so it can keep exporting its goods and boosting growth at home. Queensland’s only pumped hydro project under construction is delayed, adding further pressure to the state government’s energy plans. Our three tax cuts, instant deduction and the new offset are the equivalent of up to $54 back in the average earner’s pocket each week.
Major super funds, banks and financial bodies hope to meet in March to share information about best practice in identifying and preventing financial abuse. The businessman resigned as chairman of Australian Community Media at the weekend after being charged by Victoria Police with assaulting a woman late last week. The disgraced businessman already resigned as executive chairman of Australian Community Media last week. Jasmin Tarasin pitched a film about coercive control, then had to race to keep up with a “groundswell” of philanthropists wanting to support it.
Tradies are sitting idle at the Western Sydney Airport Metro project after a costs dispute between the NSW government and major contractor escalated. The country’s major developers say the lack of tax relief in the Victorian and West australian payid pokies Australian budgets has made federal government measures more pressing. Forward bookings are almost “non-existent”, one tourism operator says, as the industry calls on the federal government for relief. Most investors selling property, shares and other assets will pay more tax once the new model to index the cost base of an asset to inflation is bedded down. Over 5300 people at multi-billion dollar software giant Canva’s global workforce have joined the company’s second-ever “AI Discovery Week”.