Politics

Despite White House commentary, there is little sign the Strait of Hormuz is about to reopen.

Experts say temporary fall in inflation won't ease RBA fears

A short-lived reduction in the fuel excise has provided some momentary price relief but inflation will only worsen without a resolution to supply blockages.

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Shadow spokesperson for housing Andrew Bragg told Sky News he did not have a trust.

Investor tax cut call as Labor’s plan comes under siege

A Labor plan to reduce investor incentives has been branded a ‘productivity tax’ as opponents call for lower taxes for those with money to put aside.

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Senator David Pocock has refused to rule out a pivot to the lower house as independents eye a possible political party to rival the rise of One Nation.

Senator silent on future as independents eye One Nation rise

Senator David Pocock has refused to rule out a pivot to the lower house as independents eye a possible party to rival the rise of One Nation.

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Pauline Hanson’s party could become the official opposition, according to polls, as the major parties decry their own policy failures.

The 'huge grievance' pushing One Nation to major status

Pauline Hanson's party could become the official opposition, according to polls, as the major parties decry their own policy failures.

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Cabinet secretary Andrew Charlton has defended Labor’s capital gains tax reforms despite admitting some assets he had held would have been treated ‘more generously’ under the new regime. 

‘Reject it’: Labor minister fires up over Budget question

A Labor minister has admitted to using a trust and has been grilled over the sale of his start-up while defending Labor’s CGT reforms.

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US President Donald Trump announced a peace deal was close in a Truth Social post.

‘Not immune’: Government reacts to looming Iran deal

A possible peace deal between Iran and the United States is sending shockwaves, with Donald Trump pledging the Strait of Hormuz will reopen.

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Pauline Hanson is coming for WA, saying she will throw everything at winning seats in the west at the next federal election.

‘I’m coming’: Hanson’s target as One Nation support grows

Pauline Hanson is coming for WA, saying she will throw everything at winning seats in the west at the next federal election.

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Prime Minister Anthony Albanese and Treasurer Jim Chalmers are under siege for changes to negative gearing and capital gains tax.

Under siege Albo fiercely defends his unpopular tax reforms

Under siege Prime Minister Anthony Albanese is refusing to budge on his unpopular capital gains tax and negative gearing changes, saying his reforms were ‘the right thing’ to do.

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Energy Minister Chris Bowen says Australia’s temporary fuel excise cut, which has brought down petrol prices, is likely to remain just that.

Update on fuel tax cut end date as oil shock rattles globe

The three-month cut to the fuel excise started in April in response to soaring prices caused by the war in Iran.

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While Jim Chalmers’ bungled negative gearing changes have probably moved the purchase of a family home even further from the grasp of prospective first buyers — he’s not taxing it, yet — the 30 per cent capital gains tax on discretionary trusts in wills is a death duty in disguise, writes Paul Murray.

Budget incompetence of epic proportions is no surprise

PAUL MURRAY: At a time of great political flux in conservative politics, this Labor Budget may turn out to be one of the most consequential ever – for all the wrong reasons.

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Property investor tax changes will kill the concept of ‘housing flipping’, as owners are warned to divert money away from housing and renovations into investments with more favourable tax incentives.

Warning property tax changes will kill the ‘house flip’

The days of flipping houses could be dead, experts say, in the wake of major changes to investment property taxes.

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Opinion polling is showing a three-way split in votes for Labor, the Coalition and One Nation.

One Nation's polling could herald messy hung parliament

One Nation has eclipsed Labor in opinion polling for the first time, with political analysts suggesting Australia could be headed for future hung parliaments.

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‘This Budget will undermine people’s trust in Albanese,’ writes Michelle Grattan.

Major party panic if elections don’t pop One Nation balloon

MICHELLE GRATTAN: State elections in Victoria and New South Wales could prick One Nation’s very large political balloon. If they don’t, the Coalition will be terrified, and Labor will start to worry.

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Tensions are growing between the Albanese government and the country’s domestic spy agency over counter-terrorism funding.

More ‘ISIS brides’ set to return amid counter-terror stoush

More so-called ‘ISIS brides’ could fly back to Australia within days, as tensions grow between the Albanese government and the country’s domestic spy agency over counter-terrorism funding levels.

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Video
The poor are terrified of inflation again spiralling out control. The rich are worried about taxes eating away at their wealth. Both are furious at Jim Chalmers.

How Labor’s Budget has alienated both the rich and poor

The poor are terrified of inflation again spiralling out control. The rich are worried about taxes eating away at their wealth. Both are furious at Jim Chalmers.

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