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Treasurer Jim Chalmers says the changes will make the system fairer and help young people get into the property market. A strategic review is infuriating some investors. Read everything that’s happened in the news so far today. The son of the company’s billionaire founder has commissioned valuations that he says show properties owned by the business are worth 40 per cent more. Heavyweight investors including Allan Gray and Spheria Asset Management say they will vote against the proposal from the company’s largest shareholder.
Plans by Crown Resorts to a spin-off of five hotels into a new trust would create a listed vehicle holding about $2 billion worth of property. James Packer could boost his stake in Crown Resorts by up to $1.7 billion if investors back a break-up of the casino group. Act fast if you’ve had your personal or financial payid pokies australia real money information stolen.
Morningstar studied hundreds of funds – the cheapest were truly better
Changes to negative gearing and tax increases on trusts and capital gains have heralded the end of preferential treatment of asset wealth. Revelations that gambling companies have been spending millions on R&D tax credits have come as a surprise to some senior figures in Labor. Kjerulf Ainsworth, son of poker machine billionaire Len who founded Ainsworth Game Technology, wants a say in the company’s future. The ASX-listed company hasn’t told shareholders.
- Switch to cruise mode to enjoy a Brisbane activity like no other – a day trip to Tangalooma!
- Kjerulf Ainsworth has made the move to stop an off-market takeover by major shareholder Novomatic.
- The bank had attempted to sell the investments platform, but could not find a buyer at an acceptable price, instead merging it with its Asgard business.
- PayPal does not share your full financial information with merchants.
Budget 2026 LIVE updates: Negative gearing, CGT changes to benefit first-home property buyers in Jim Chalmers speech
The royal commission into antisemitism has been told the Jewish community feels ‘exhausted’ by the hypervigilance required to navigate their daily lives Queensland’s only pumped hydro project under construction is delayed, adding further pressure to the state government’s energy plans. 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.
Crisis support services are so stretched that some victims never receive a response, an expert review has told the government. On Friday, the national cabinet will consider urgent responses to violence against women and children, following a review delivered in August. 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.
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. The Mark Zuckerberg-founded company plans to cut its global workforce by 10 per cent and will cancel around 6000 open positions as Meta offsets its AI spend in a ruthless pursuit of “efficiency”. James Susler, a business owner and contestant on season eight of the reality show, only opened his Chery Melbourne City dealership five days ago. The government is still hanging its hopes on global oil prices declining by mid-way through the year, and stabilisation by the same time in 2027. Stay in the know on news that matters to you with twice weekly newsletters from The Senior. Smart property news for Newcastle
Anika Wells has repaid $10,116 to the public purse for four taxpayer-funded trips, which included $8093 in expenses and a $2023 penalty. April has been working as a journalist for 10 years and has worked in Australia, Scotland and England for magazines and newspapers and as a digital journalist. Your digital replica of Today’s Paper.
Australian among 23 passengers who have left rat-virus ship: reports
As largely expected, the 2026 Federal Budget has delivered a twin tax blow to landlords and property investors in a bid to make it easier for Australians to buy their own homes. Get news, reviews and expert insights every Thursday from CarGuide, ACM’s exclusive motoring partner. Your weekday morning newsletter on national affairs, politics and more. Perry Williams writes on business from our Sydney newsroom, specialising in gaming and resources.
The bank had attempted to sell the investments platform, but could not find a buyer at an acceptable price, instead merging it with its Asgard business. 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 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.
See how the government plans to help younger Australians into the housing market, increase taxes on Baby Boomers and rein in NDIS spending. 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’. Spanish daily “El Pais” reported that the passenger left MV Hondius between April 22 and 24, 10 days after the first reports of death from a strain of hantavirus.
Kjerulf Ainsworth has made the move to stop an off-market takeover by major shareholder Novomatic. Documents show executives at the gaming machines giant were paid $15 million by its billionaire founder shortly after he offloaded his 53 per cent stake. Emergency services responded to reports of a crash shortly after 7.45 am today, with multiple crews, including a helicopter, now at the scene.
Meet the accidental hoteliers who are responsible for some of the most beautiful new places to stay on the island of Menorca and the Balearics. Shares in Life360 tumbled after the company revealed a series of technical glitches stopped it from reaching its app download targets in the first quarter. A 10-minute set-up for automated deposits and sustainable spending buffers prevent minor financial lapses from derailing long-term prosperity. It seems the archdiocese is on a selling spree, putting at least its fifth property on the market in the past 12 months. 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. The Western Australian government is now spending more per head of population than debt-ridden Victoria.