Australia

Angus Taylor has quit the shadow ministry, declaring he no longer has faith in Sussan Ley’s leadership of the Liberal Party — but stopping short of directly challenging for her job.

Treasury secretary Jenny Wilkinson has revealed her department has spent the past year modelling changes to the 50 per cent capital gains tax discount.

Progressive protesters have marred the visit of Israel’s President Isaac Herzog, despite his status as a left-wing figure who has called for an end to violence against gays.

Some Liberal figures believe Angus Taylor could topple their party’s first female leader as early as Tuesday, but senate estimates hearings are complicating the calling of a party room meeting.

The Prime Minster has inked a new deal with Indonesia but there was a line of questioning that was off limits.

Commonwealth debt is on track to reach $1 trillion within weeks. It is a sobering milestone, particularly given Federal debt was effectively nil in 2007.

Australia’s Defence Chief has joined politicians and weapons lobbyists in Canberra to celebrate the $368 billion AUKUS project just hours after Labor announced its fire sale of historic military properties.

The health of our political system relies on the government being held to account by a functional and effective opposition. At the risk of stating the bleeding obvious, there isn’t one at present. 

Federal politicians have spoken in support of fresh terrorism charges for a 31-year-old man who allegedly threw a homemade bomb into a Perth protest on Australia Day.

There is ‘zero per cent’ chance of the Liberals and Nationals reuniting with anger palpable on both sides, while leadership aspirant Andrew Hastie’s mischief in Parliament highlighted the ongoing chaos.

MENACHEM VORCHHEIMER: The loudest voices opposing Isaac Herzog’s visit are not peace activists. They are anti-Israel ideologues who deny Jews the right to self-determination.

ANDREW GREENE: Labor was taking no prisoners as it went on the attack with the Liberals and Nationals split in parliament.

AARON PATRICK: Michele Bullock described Tuesday’s interest rate hike in bloodless central-banker speak - but it will cost the economy roughly $3 billion to $6 billion.

Homeowners are set to be thousands of dollars out of pocket after the Reserve Bank raised the interest rate today.