EVs to cost more under a Coalition government, after Dutton’s apparent backflip on popular tax break

Polestar says Dutton’s move shows ‘a complete lack of understanding of the significant cost-of-living, climate and health benefits of EVs’

Electric vehicles would cost more under a Coalition government, after Peter Dutton confirmed he would scrap a popular tax break for EV drivers in an apparent backflip that has caused confusion and anger among clean car advocates.

The initiative, which was introduced by the Albanese government in 2022, has meant if a person buys an EV priced under $91,387 through a novated lease program via their employer (when a lease is paid off through pre-taxed salary deductions) they do not have to pay fringe benefits tax (FBT) – even if the car is only for personal use.

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Adelaide becomes fifth Australian capital where median house value exceeds $1m

Across Australia, home prices grew at slowest rate in two years and unit prices fell in March, Domain says

Million-dollar houses are now more common than homes costing less than seven figures in five of Australia’s capital cities.

Adelaide’s median house value passed $1m in March, even as unaffordable costs and high interest rates saw home prices grow at their slowest rate in two years and unit prices fall.

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Ten things we learned from Anthony Albanese’s speech at the Labor party campaign launch

The PM addressed a crowd of 500 people in Perth, spruiking new policies on housing and tax deductions, celebrating WA and invoking Donald Trump. Here’s what you may have missed

Labor’s election campaign launch in Perth was headlined by a $10bn housing pledge, a vow to help first home buyers and a new $1,000 “automatic” tax deduction for all workers.

It also featured a former prime minister, gags about rugby league and more than a few digs at Peter Dutton alongside Labor’s claims that he is copying Donald Trump’s political playbook.

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Election 2025 live updates: Dutton tells Liberal campaign launch ‘Australia will become a nuclear powered nation’ and Coalition will again ‘stop the boats’

The opposition leader is launching the Liberal party’s campaign at an event in south-western Sydney. Follow live

Albanese tells Australian UFC fighter to ‘go hard’ in message of support before headline match

Some Australians will be glued to a brutal fight between two battle-hardened competitors duking it out in a no-holds barred street fight televised today across the land. And it’s sure to get ugly.

I’m in my own title fight at the moment, but I want to wish you all the best for yours. I know you’ll dig deep and make Australians proud. You are one of Australia’s great sporting champions. When you enter the octagon this weekend, Australians will be cheering you on. Go hard.

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Australian stock market slumps amid fears of worsening US-China trade war

Benchmark S&P/ASX 200 falls 2.4% after another sell-off on Wall Street overnight triggered by changes to the US tariff regime

The Australian sharemarket closed lower on Friday, ending a volatile week on a sour note as concerns about Donald Trump’s unsettling policy shifts and deteriorating trade relations between the world’s two biggest economies took hold.

The benchmark S&P/ASX 200 dropped 0.8% on Friday to 7,646.5 points after a sell-off on Wall Street overnight.

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Trump flags ‘major tariff on pharmaceuticals’ as trade chief says US ‘running up score’ on Australia

US president says he will shortly announce the new tariff on pharmaceuticals but does not give any details

Donald Trump says the US will soon introduce “a major tariff on pharmaceuticals” designed to force more manufacturing giants to relocate to America, a move that could further strain relations with Australia.

His comments come hours after his trade representative, Jamieson Greer, said the US should be “running up the score” with Australia and using money generated by tariffs to address a broader $1.2tn trade deficit with the rest of the world. The US maintains a trade surplus with Australia.

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Cameraman injured after football kick; PM visits flood-hit Queensland – as it happened

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Poll points to risks in key seats for Labor

We’ve made it to a week into the election campaign. So who’s winning?

At the end of week one, it was clear that Albanese won more days than Dutton and therefore won the week. But there are still four more to go, and anything can happen in an election.

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Australia election 2025 live: PM dines with Greg Norman as nation braces for Trump tariffs; Howard says Coalition are election underdogs

Golfer has been used before as a diplomatic bridge to US president. Follow today’s news live

Peter Dutton is in Western Australia for his first visit to the mining state of this campaign, and has come bearing a $600m announcement for roads which are critical to mining and agriculture.

He will spend the day in WA and Perth, before it’s expected he’ll return to the east coast late tonight or early tomorrow.

All candidates were made aware that if they were not coming tonight then they would be represented by an empty chair. This notice was given in advance.

The Liberals have failed to announce a 2030 or 2035 emissions target, committing only to net zero by 2050. The fate of the climate will be determined by cumulative emissions, so this lack of short or medium term targets is deeply problematic.

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Labor vows to support working from home as Coalition touts public servants cuts – as it happened

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Angus Taylor calls Labor’s energy bill rebate ‘Band-Aid on a bullet wound’

The shadow treasurer, Angus Taylor, also says the Coalition will not “get in the way” of the government’s $150 energy rebate, announced last night.

We’re not going to get in the way of it. The starting point here though is very clear which is Labor’s failed on delivering its promise of a $275 power price reduction.

We’re not going to stand in the way of Labor cleaning up their own mess. This is putting a Band-Aid on a bullet wound. The solution here is to get a structural outcome which is a reduction in underlying electricity prices, which has not been achieved, of course. It’s gone the other way.

They are both supplied by the US with little to no sovereign input, are expensive and outdated. Like Aukus, this equipment is much more about signalling our loyalty to the US than defending Australia.

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Police investigating alleged online threats to third Sydney mosque – as it happened

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Jim Chalmers was also up on ABC News Breakfast this morning, where he was asked if there’s a reason the government can’t commit to more of the 20 recommendations.

He said it was committing to all of the recommendations “in principle” and, like earlier, that the government was working on some of them already.

The ACCC has handed down a 441-page report and not on any of those pages does it support the divestiture powers which have been proposed by our political opponents.

If you make one of the big chains sell in the community, there’s a risk that it’s just snapped up by the other big player in the supermarket sector and that would be counter-productive. Or if it chases supermarket options out of town in regional communities. It’s got hairs all over it, frankly.

We’re making the food and grocery code mandatory. We’re empowering the ACCC. We’re cracking down on mergers and acquisitions. We’re working to make it easier for new entrants to compete with the two big supermarkets in particular. These are all of the things that we’re cracking down on when it comes to the supermarkets.

We don’t want the supermarkets to be treating Australians like mugs.

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Australia news live: Albanese asked if he ‘trusts’ Trump; Dutton says he is confident an Aukus ‘plan B’ is not needed

On the issue of Aukus, the opposition leader said the Coalition is committed to increased defence spending. Follow today’s news live

‘Israeli government does not have a lot of palatable options’ – Sharma

The Liberal senator and former ambassador to Israel Dave Sharma was up on ABC News Breakfast earlier to discuss the latest strikes carried out by Israel on Gaza.

If any of us were in their position, we would be single-mindedly focused on the return of our loved ones. I can understand that. This is a politically contentious issue in Israel, there’s no walking away from that, but I don’t think the government has a lot of good choices.

Continuing the ceasefire was not going to lead to the release of further hostages, at least according to the mediators involved in the talks. Hamas had basically said they weren’t planning on returning any more. As I said, in that situation, the Israeli government does not have a lot of palatable options.

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PBS-listed medicine to cost no more than $25 a script if Labor re-elected

Election pledge part of Albanese’s focus on cheaper medicines as a cost-of-living measure that will also help reduce inflation

A re-elected Labor government would reduce the price of PBS-listed medicines to no more than $25 a script, in a major new election pledge to be included in next week’s budget that builds on Anthony Albanese’s focus on cheaper medicines as a cost-of-living measure.

With the formal election campaign to start within weeks, where Labor will focus strongly on health as a key issue, Albanese will on Thursday deliver a major speech promising that four out of five medications on the Pharmaceutical Benefits Scheme would become cheaper under the plan which would cost the government $689m.

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Network Ten and Wilkinson ordered to pay own costs in Lehrmann defamation case – as it happened

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Growing inequality erodes social cohesion – Leigh

In his speech, Andrew Leigh will say growing inequality is an issue because it erodes social cohesion.

When wealth is concentrated among a few, society becomes fragmented. Our sense of collective responsibility diminishes, and the fabric that binds us as Australians weakens.

This approach contrasts with our predecessors, whose tax policies disproportionately benefited the highest earners, widening the gap between rich and poor. By maintaining a fair and responsible tax structure, we can fund essential public services while ensuring that the most fortunate Australians contribute their fair share.

Yet since the 1980s, Australia has seen what economists describe as a ‘Great Divergence’, reversing the gains of earlier decades.

Today, the top 1% of income earners receive nearly 10% of national income, nearly doubling their share from 40 years ago. Wealth inequality is even more extreme, with the richest 10% owning more than 60 times the wealth of the bottom 10%.

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Australia news live: Wong urges ‘all parties’ to respect Gaza ceasefire; renters need $130k income to afford average property, report shows

‘Palestinian civilians cannot pay the price of defeating Hamas. It has now been two weeks since humanitarian aid last entered Gaza’ says foreign minister. Follow today’s news live

Labour-hire flight attendants to get pay boost

More than 750 domestic flight attendants funnelled to Qantas by labour-hire firms will get a hefty pay boost, AAP reports, in what is being hailed as a victory for “same job, same pay” laws.

Some of these crew will no longer need three jobs to make ends meet and put a roof over the heads of their families.

These are workers who wear the same uniform, do the same work, work the same rosters but have been paid significantly less than their colleagues. They do the same job and they deserve the same pay.

A crime scene has been established and an arson chemist will attend the scene [this] morning. The investigation into the circumstances surrounding the fire remains ongoing.

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New drugs added to PBS; alleged e-scooter bandit arrested – as it happened

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Bandt: government could deliver cheap renewable energy

The Australian government could use publicly owned electricity generators and retailers such as Snowy Hydro to offer power at cost to households and businesses, Bandt says.

I think a surplus mentality, understanding that we have got an enormous amount of sun and wind and if we back it up with storage, we could really drive down the cost of electricity in this country, and make it a place that you bring your businesses to from overseas, deliver cheap electricity for households. A mind shift is needed and the government could play a big role in that given its stake in a publicly owned generator.

We need to fast-track the build of renewables and also of storage.

But look, we have to wait to see – is there a peace [deal]? What is the agreement? What is the request that is being made? There are things that could be done right now, though. The ABC reported a couple of weeks ago that Australia is still the largest buyer of Russian oil. And it’s meant to be sanctions imposed.

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Australia news live: Dutton criticises PM’s ‘shocker’ after Trump tariff decision; suspicious packages wash up on Queensland beaches

The prime minister has ruled out imposing reciprocal tariffs on the US. Follow today’s news live

Trump tariff decision bad for Australia-US ties – Butler

Mark Butler said the US tariff decision was “bad for our relationship” when asked whether it had a damaging effect on international relations on ABC News Breakfast a short while ago.

This is a disappointing decision. It’s a bad economic decision. It’s bad for our relationship. It’s bad for the US, ultimately, because we think that the exports we send to them - which are significantly less than the exports they send to us - are good for the US economy. They’re good for US industry. They’re particularly good for defence, which is an important area of cooperation.

We think this is a bad decision that’s disappointing, and we’ll continue to press the case for it.

We’ve only been going at this for almost seven weeks that President Trump has been back in office. We intend to continue to press the case at the highest level – particularly ambassador Rudd has been relentless in this, meeting with officials almost constantly to press the American case. We’ve had a lot of senior ministerial engagement.

Obviously the prime minister has spoken directly with the president. We’ll continue to do that. It’s not only in Australia’s interest – which for us, is the most important thing – we’re confident, we’re very sure it’s in both of our interests’ interest to continue the open trade that has characterised particularly the last 20 years under the US FTA.

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Dutton says Labor claims ‘utter nonsense’; multimillionaire faces new child abuse material charges – as it happened

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Good morning blog readers – this is Rafqa Touma, and I’ll be taking you through the day’s live news updates. Thank you to Martin Farrer for getting us rolling this morning.

More than 125,000 properties are in the dark as crews work to restore power across QLD and NSW in Alfred’s aftermath.

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Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades

Australia unlikely to escape US president’s global steel and aluminium tariffs despite intense lobbying to be carved out

Australia’s chances of escaping America’s global steel and aluminium tariffs appear all but extinguished, with the US president reconfirming his commitment to a comprehensive tariff regime he argues will be “the greatest thing we’ve ever done as a country”.

“We’re going to take in hundreds of billions of dollars in tariffs, and we’re going to become so rich, you’re not going to know where to spend all that money,” Donald Trump told reporters on board Air Force One flying from Florida to Washington DC.

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Australia news live: Victoria to tighten bail laws; man shot dead by police in Queensland

The Victorian premier said she would be introducing legislation to' ‘bring about that change … very soon’. Follow today’s news live

Chalmers defends Australian defence spending as Trump administration says nation should spend more

Jim Chalmers has defended Australia’s defence spending as having already gone up “considerably”, amid suggestions from the Donald Trump administration that Australia should spend more.

That is a very, very substantial pick-up in defend spending and one of the reasons we’re doing that is to be able to work more effectively with our allies and partners like the United States … We do pay our own way on defence. We are substantially increasing defence spending.

We have got a good relationship with the Americans, particularly that economic relationship which is of mutual benefit, and these are the sorts of things that we have been talking about with our American counterparts as they finalise some of the policies on things like tariffs.

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Crisafulli urges residents to prepare as storm approaches – as it happened

This blog is now closed. Read the latest Cyclone Alfred news update here

Sandbag queues ‘about an hour’ in Brisbane – Wells

The federal sports minister, Anika Wells, also spoke on the Today Show this morning from Brisbane and said it was the “calm before the storm”.

At the moment that’s the shortest it’s been in 24 hours. It’s a big couple of days ahead for south-east Queensland. We’re more than up to the task, but everybody’s doing their bit.

So everyone’s doing their bit and we thank them for it.

We know that there’s going to be damaging winds, there is going to be powerful surf, coastal erosion, and it will be followed by significant rain that can last a couple of days. So we’re really urging people to be alert, to be prepared, just like the SES is.

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