Category Archives: Australian politics

Cost of negative gearing and other rental deductions soaring, Australian treasury data reveals

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The latest ranking of revenue foregone shows the usual suspects topping the list

Concessions for superannuation cost the federal budget almost $50bn a year while rental deductions, much of them for negative gearing, have jumped by more than half in three years, the annual treasury summary of tax expenditures shows.

The ranking of revenue foregone in 2023-24, released on Wednesday, was headed by many of the usual groups, finding for example that shielding taxpayers’ main residence from capital gains taxes, saved them a combined $47.5bn for the year, up about a third from 2018-19.

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Australia news live: murder charge laid after ‘long, sad journey’ for disappeared 23-year-old’s family

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Ms Bernard, a Kowanyama woman, was last seen at Archer River quarry on 10 February in 2013. Follow the day’s news live

Update on Queensland flooding

Senior BoM meteorologist Angus Hines spoke to ABC News Breakfast just earlier to provide an update on the rain and flooding in Queensland.

Last night the rainfall totals were between 50mm and 120mm which is still a very significant dose of rain, but bear in mind this time yesterday we were talking about 300mm leading to widespread flooding.

We could see these rivers with elevated levels for the next several days, as it will take a while for those flood waters to drain out, long past when the rainfall conditions have cleared up.

The goal for the AI taskforce is to be a trusted source of expert advice and assistance for the Law Society, and through it, for the solicitor profession across NSW. Its members will be drawn from the law, justice system, academia, and government.

The work of the taskforce will enhance the Law Society’s work to ensure that NSW leads the way in harnessing the best that AI has to offer for the legal profession while mitigating the risks.

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Millions of Australians at risk of being stung by fire ants each year, experts warn

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Inquiry into invasive pest hears of risks species poses to health, agriculture and environment if it becomes endemic

Fire ants could sting 8.6 million Australians a year if they were to become endemic – but a pathogenic fungus and pesticide-loaded drones might help avert that scenario, according to submissions posed to the federal government’s fire ants inquiry.

Submissions to the Senate inquiry into red imported fire ants (Rifa) in Australia closed on Monday, just days after the latest in a string of fire ant detections beyond south-east Queensland, where an infestation of the invasive pest is ongoing.

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Howard-era files on Iraq war went missing due to ‘major breakdown’, inquiry finds

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Inability of staff to inspect cabinet records means they were were not released to the national archives, as was usual

A “forgotten” box of cabinet records and a series of administrative errors are among the reasons why a tranche of Howard-era documents was mistakenly kept from public release earlier this year.

An independent review into why 82 cabinet records from 2003 were not handed to the national archives, released on Tuesday, found there was no political interference or influence at play.

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Mayor issues flood warning – as it happened

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We’ve just spoken to St Vincent’s hospital and confirmed that the woman bitten by a shark in Sydney Harbour last night remains in hospital in a stable condition.

The woman, in her late 20s, was bitten on the right leg by a suspected bull shark in Elizabeth Bay last night.

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Australia to spend $80m on business case for Sydney-Newcastle high speed rail

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The announcement of a business case budget is the latest development in the Albanese government’s slow moving high speed rail project

The Albanese government will spend $80m developing a business case for the Sydney-to-Newcastle stretch of its east coast high speed rail line, as the decades-long project inches further forward.

The transport minister, Catherine King, said the allocation of $78.8m was part of Labor’s $500m election commitment to the early stages of high speed rail, with the initial Sydney-Newcastle leg representing a “crucial waypoint” on the project.

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Guardian Essential poll: one in two voters back stage-three tax cuts changes

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Labor’s bid to skew package towards low- and middle-income earners given boost, as only 22% say it should go ahead unchanged

Almost half of voters support revising the stage-three tax cuts to help low- and middle-income earners while only about one in five believe the plan should go ahead unchanged in July.

That is the result of the Guardian Essential poll of 1,201 voters, which provides a boost for the Albanese government’s plan to reform the tax package, finding only 22% of respondents agreed the previously legislated cuts should be left untouched.

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Australian air fares halved when three carriers rather than one fly route, data reveals

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Assistant competition minister Andrew Leigh says it is often cheaper to fly from Darwin to Singapore than to Sydney as Labor targets monopolies

Ticket prices are halved when three airlines fly a route compared with a monopoly situation and fares fall further as more rivals are added, according to new findings designed to inform Australia’s competition and merger laws.

The assistant competition minister, Andrew Leigh, will tell a Melbourne audience on Tuesday there are worrying signs that competition intensity has weakened over recent decades, with evidence of increased market concentration and profit markups in several industries.

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Working-class communities in Coalition-held seats the biggest winners in Labor’s stage-three tax cuts overhaul

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Nearly 90% of areas in Australia better off under new plan, with taxpayers in remote and regional communities to gain the most, ANU analysis shows

Working-class communities in Coalition-held remote and regional electorates stand to gain the most from Labor’s proposed changes to income tax cuts, while voters in the byelection seat of Dunkley are also big winners.

The average taxpayer in Whitsunday, in the electorate of Dawson, East Pilbara in Durack, and Cairns in Leichhardt stands to gain over $600 more from Labor’s package than the Morrison government’s stage-three tax cuts, according to an analysis by the Australian National University associate professor Ben Phillips.

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Pocock wants to boost Centrelink payments using savings from stage-three tax cuts overhaul

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Key senator calls for broader tax reform, while arguing changes to stage-three plan could fund increases to jobseeker and other payments

The independent senator David Pocock has called on the Albanese government to use $28bn of savings from its new tax-cuts package to increase welfare payments and urged Labor to trim other tax concessions.

With the Greens signalling that they will press Labor to recoup even more from high-income earners, Pocock has suggested the revamp of stage three should be a springboard to other tax reforms in the too-hard basket including capital gains tax.

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Peter Dutton refuses to commit to stage-three tax cut changes as Labor begins negotiations with Greens and crossbench

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Anthony Albanese rejects calls for a fresh election by the opposition leader who continues to accuse the PM of breaking a promise

Peter Dutton has refused to commit the opposition to an official position on Labor’s amended stage-three tax cuts, as the government begins negotiations with the Greens and key independents.

Anthony Albanese said on Friday he would soon begin discussions with crossbenchers to get the updated tax cuts through parliament, as the Greens say they will push for further support for low-income earners.

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Thousands rally in solidarity on Invasion Day in Melbourne, Sydney; AFL clubs call for 26 January date change – as it happened

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Australian and Aboriginal flags raised during Canberra ceremony

Following the welcome to country, the flag-raising ceremony has begun, with six flags raised including two Australian flags, two Aboriginal flags and two Torres Strait Islander flags.

Australia is home to the oldest continuous culture on Earth, 65,000 years of uninterrupted heritage, demonstrated by the unique archeological evidence found in the very ground that you may are sitting on, found in the rocks and stones of this very place. That makes this continent unique in the whole world.

Ngunnawal’s view of heritage transcends time, it is our way of being with nature, best expressed in the Ngunnawal language through the concepts of respect and deep honour, coming together in the wellbeing for all.

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‘It’s a no-brainer’: what voters in upcoming Dunkley byelection say about Labor’s stage-three tax cut changes

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Victorian electorate will be first test of support for overhaul that shifts more of the benefit to low- and middle-income earners amid cost-of-living pressures

Ilene Jones’s wishlist for a tax cut is simple – more money to spend on school fees, a laptop for her son and groceries.

“It’s just the basics. It’s not extravagant,” she says.

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Labor urged to press on with stalled treaty body after failed voice vote

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Exclusive: Indigenous leader Marcus Stewart says ‘more need than ever’ for Makaratta commission after referendum highlights disparities

The federal government should press on with the stalled Makarrata commission to oversee treaty and truth-telling processes with Indigenous Australians, a key adviser on the voice referendum says, adding there is “more need than ever” for such progress after the defeat of the October vote.

Marcus Stewart, a former co-chair of the First Peoples’ Assembly of Victoria, said the unsuccessful referendum campaign had highlighted the gaping disparities in health and social outcomes for Indigenous people. He said the renewed focus on those shortfalls should encourage federal and state governments to continue moving forward on treaty and truth – and to bring both yes and no voters with them.

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Australia news live: Townsville residents advised to shelter in place ahead of Cyclone Kirrily reaching Queensland coast

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The latest advice from the Bureau of Meteorology is that Tropical Cyclone Kirrily will begin crossing the coast from 10pm tonight. Follow the day’s news live

As we flagged just earlier, wind gusts associated with Tropical Cyclone Kirrily have already begun around the Whitsundays, with gusts over 100km/h.

In a Facebook group for Whitsundays locals, a new resident has asked an innocent question:

Hey there I’m kind of new to town from Melbourne. Does anyone know how to tie my tree down so that it doesn’t blow away?

“I would use fairy lights.”

“If you hop around clockwise on your left leg 3 times and then do a Kangaroo hop to the right, the drop bears will take care of it by having the tree extend it’s roots deeper.”

“If you’re really from Melbourne you would know how to tie down a tree with the windy crap weather down there. Ride a kangaroo to bunnings [and] get some ratchets.”

“From the state of the supermarket shelves I’m guessing everyone is using toilet paper to tie their trees down.”

“Take the leaves off and store inside. The rest will be fine.”

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Sussan Ley retreats from comments suggesting Coalition would repeal Labor’s stage-three tax cut changes

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Deputy opposition leader denies promising to roll back Albanese government’s changes and says Labor ‘lied’ about the tax cuts

The deputy opposition leader, Sussan Ley, has walked back earlier comments suggesting the Coalition would repeal Labor’s revamped tax cuts that more than double tax relief for Australians on the average income.

On Thursday, Ley clarified that the opposition’s position is to “support the existing stage-three arrangements” but denied promising to roll them back in a bid to head off a Labor campaign that the Coalition will claw back low and middle-income tax relief.

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Albanese promises to double tax relief for average income Australians in stage-three overhaul

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Prime minister to use National Press Club address to defend new plan as the ‘right thing to do’

Anthony Albanese has pledged to more than double tax relief for Australians on the average income in a suite of low and middle income tax cuts paid for by trimming benefits to high income earners.

At the National Press Club on Thursday the prime minister will defend Labor’s plan by arguing it will still deliver “a tax cut for every taxpayer” and that modification of the stage-three tax cuts was “the right thing to do” in changed economic circumstances.

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Three dead after being pulled from water off Phillip Island – as it happened

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Morrison to take up separate position at Dyne Asset Management

As we brought you just earlier, Scott Morrison will be taking up a role with international advisory and consulting firm American Global Strategies after his resignation from politics late February.

Well, firstly, I think we should be quite thoughtful of which category we’re talking about for farmers. If you’re talking about fruits and vegetables, we are in material deflation and have been for about four months … That is because of demand and supply in Australia. It’s a domestic product, it’s subject to demand and supply. It is causing pain for many of those farmers. But hopefully that situation will change with regard to the new year.

… We buy directly [where we can] from farmers, and we try and smooth out the price that they get so that they can plan and manage their business effectively.

But when you look at the red meat index, it does look like it’s trending up based on what’s happening offshore. So these things do flow through …

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Psychologists renew demand for doubling of Medicare-subsidised sessions

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Peak body also campaigning for a reduction in the growing gap fee as the cost-of-living crisis puts increases financial strain

Psychologists are renewing calls for the federal government to double the number of subsidised psychology sessions a patient can access, along with reducing the growing gap fee, as the cost-of-living crisis puts households under financial strain.

The Australian Association of Psychologists Inc, one of two psychology peak bodies, wants the federal government to lift the Medicare rebate by more than $50 for some sessions and increase the number of subsidised sessions from 10 to 20.

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Labor urged to recognise Palestinian state ‘without further delay’ after Israeli PM’s rejection of two-state solution

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Palestinian diplomat Izzat Abdulhadi says Australia must do more than express disappointment at Benjamin Netanyahu’s stance

A Palestinian diplomat has implored the Australian government to recognise Palestine as a state “without further delay” after what he called the Israeli prime minister’s “appalling but not surprising” rejection of a two-state solution.

The comments from the head of the general delegation of Palestine to Australia, Izzat Abdulhadi, come after two Labor MPs also urged the government to fast-track recognition of Palestinian statehood, whereas the Coalition said the immediate priority should be “security and stability”.

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