Politics

Treasurer Jim Chalmers has welcomed the reprieve for mortgage holders after the RBA kept the cash rate on hold. Newswire/ Tertius Pickard

Only recession fears stopped another RBA rate hike

The good news is that after three successive rate rises, the Reserve Bank has decided not to again inflict more pain on borrowers, well not just yet. 

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Labor plan to push the Budget through Senate without carve-outs.

No fast-track for CGT carve-outs as business waits on detail

Anthony Albanese has knocked over suggestions that the government is contemplating fast-tracking carve-outs for start-ups and other small businesses from its changes to capital gains tax discounts.

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Mikhail Petrakov and his wife Irina greet Chinese Ambassador Xiao Qian.

What it’s like inside Canberra’s Russian embassy party

Despite being on Putin’s banned list, The Nightly’s National Political Editor was invited by the Russian embassy in Canberra to celebrate the federation’s national day. Here’s what he saw.

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Home borrowers have been spared more pain with the Reserve Bank’s monetary policy board voting to leave rates unchanged.

Relief for Aussies as RBA leaves interest rates on hold

Home borrowers have been spared more pain with the Reserve Bank’s monetary policy board unanimously voting to leave rates unchanged for the first time since December, amid an expected end to the Iran war.

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A couple getting divorced could lose the right to negatively gear an investment property even if they owned it before Budget night, financial advisers fear.

Could divorced couples lose their right to negative gearing?

Financial advisers have raised concerns about divorced couples’ rights to negatively gear investment properties.

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Keir Starmer says countries will look to the UK as the model to follow, as he belatedly embraced a social media ban he said was even better than Australia’s, in what could be one of the final acts of his dying premiership.

UK PM vows to be better than Albo in last-ditch teen ban

The UK Prime Minister has belatedly embraced a social media ban he said was even better than Australia’s, in what could be one of the final acts of his dying premiership.

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A month after Labor unveiled its sweeping housing tax reforms, Finance Minister Katy Gallagher is still being forced to explain what they mean for Australians.

Labor’s tax headache grows despite sales pitch

Finance Minister Katy Gallagher has pushed back on growing criticism of Labor’s capital gains tax overhaul, insisting concerns are ‘unfounded’ despite ongoing voter confusion.

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The Federal Government’s planned tax changes will dump compliance costs on taxpayers and their advisers, an accounting body warns.

Warning reforms will impose 'substantial costs' on taxpayers

Accountants are warning Labor's controversial tax reform will lead to ‘substantial compliance costs’ on taxpayers, calling for legislative changes.

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"A full ban is the right choice," Prime Minister Keir Starmer says on a social media ban for teens.

Experts hit back as UK announces strict under-16s ban

YouTube, Facebook ‌and X will be covered in a proposed ban on social media sites for under-16s by UK Prime Minister Keir Starmer.

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Donald Trump declares peace deal signed.

Deal done? Trump hails peace agreement signed

As Donald Trump hails a historic US-Iran agreement and falling oil prices, Benjamin Netanyahu has issued a stark reminder that ‘the struggle is not over’.

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Could Pauline’s daughter knock off Barnaby for party’s top role?

Pauline Hanson suggests her daughter Lee could be next in line for the One Nation leadership, which Barnaby Joyce has brushed off as the party claims Labor is ‘scared’ of its rising power.

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People in Tehran gather in support of Iran’s new leader, Seyyed Mojtaba Khamenei, while holding the Iranian flag and images of both the new and former leaders of Iran.

A deal is only the beginning of the end of the US-Iran war

The ceasefire agreement will bring needed relief to a scarred region, and to global energy markets. But it will not resolve the issues that brought America and Iran to war in the first place.

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Property linked to UK Prime Minister Keir Starmer was targeted in the plot, a London court was told.

Duo guilty of plot to torch homes and car linked to Starmer

Two men have been convicted of a plot orchestrated by a mysterious Russian-speaking figure which aimed to ‘create fear for the Prime Minister’.

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Member for Perth, Patrick Gorman in Canberra.

Assistant to PM: Populism vs practical parties new divide

Australia’s traditional left-right political split has turned into a divide between populists and the practical that needs a new way of thinking, the Prime Minister’s right-hand man in WA believes.

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