Chalmers’ budget whacks Boomer wealth to woo young voters

Topic Plastic Australian Financial Review

An independent review led by the Tesla chairwoman has urged the government to overhaul its research and development tax incentive scheme. The industry minister wants a lengthy public discission about a major review’s findings, but business wants bold and urgent action. Industry players and analysts expect the government to push the sale after the Chinese-owned port failed to cause a stir in Beijing. Crisis support services are so stretched that some victims never receive a response, an expert review has told the government. At least 26 domestic flights departing from Sydney Airport have been cancelled as residents in three states battle major power outages.

Chalmers’ budget whacks Boomer wealth to woo young voters

The government will make changes to its selection process to target more educated, higher-skilled and younger migrants. The minimum tax rate rips a key tool of wealth australian payid pokies building used by millions of richer Australians and has a particular sting for so-called bucket companies. Changes to negative gearing and tax increases on trusts and capital gains have heralded the end of preferential treatment of asset wealth. Its runaway success has helped change global streaming. Brandon Riegg convinced Netflix and Formula 1 to take a risk on a documentary series on the sport.

Major investors are increasingly worried about the hype around artificial intelligence stocks driving US markets to repeated records as war boosts inflation. DGR Global shareholders hit the jackpot when a Chinese suitor bought SolGold, but will they ever see the money? The $59.3 million valuation of the copyright was based on Deloitte estimates, but tax authorities have claimed it should have been closer to just $4 million. The annual wages and salaries bill for government sector workers are forecast to plateau at about $32.6 billion in 2030. Energy Minister Chris Bowen will drastically scale back subsidies for green hydrogen programs as the government ploughs funds into its petrol and diesel stocks. The 2026 budget contains taxes on higher education providers and departing Australia, infrastructure cost blowouts, and a crackdown on school disability funding.

But his tax hit isn’t backed with big-bang reform to expand the economy. The Albanese government’s planned new restrictions mean people could opt out of gambling ads on their favourite podcasts or platforms like YouTube and Spotify. In an excoriating report, the state’s audit office has provided a window into the relationship between the NSW government and the powerful sporting body.

The Dutch trading giant’s local offshoot grew profits by 50 per cent in 2025 as high volatility across financial markets offered ample trading opportunities. No major investment house has recommended clients sell positions in the embattled health stock despite repeated disappointments and executive departures. A government with a massive parliamentary majority, an opposition in disarray and no election imminent. Treasurer Jim Chalmers says the government’s broken promises on tax reform involves an element of political risk. Treasurer Jim Chalmers says the changes will make the system fairer and help young people get into the property market.

• Under the Coalition, developers were offered financing to build major fuel stores.
• Our three tax cuts, instant deduction and the new offset are the equivalent of up to $54 back in the average earner’s pocket each week.
• A government with a massive parliamentary majority, an opposition in disarray and no election imminent.
• Jasmin Tarasin pitched a film about coercive control, then had to race to keep up with a “groundswell” of philanthropists wanting to support it.

Major super funds, banks and financial bodies hope to meet in March to share information about best practice in identifying and preventing financial abuse. The businessman resigned as chairman of Australian Community Media at the weekend after being charged by Victoria Police with assaulting a woman late last week. The disgraced businessman already resigned as executive chairman of Australian Community Media last week. Jasmin Tarasin pitched a film about coercive control, then had to race to keep up with a “groundswell” of philanthropists wanting to support it.

Government weighs R&D tax reform after Denholm review

The government is still hanging its hopes on global oil prices declining by mid-way through the year, and stabilisation by the same time in 2027. It is one of few jurisdictions that has agreed to apply new reporting standards only partially, says former super fund chief David Atkin. Major lenders had promised to send bosses to meet traditional owners near Santos’ Barossa gas project. The Swiss-based commodities giant had proposed spinning off the fossil fuel into a separate company but has decided to retain the division. Institutional investors see natural capital as the next force in corporate governance, with big implications for companies growing and selling food. The big investor says it was drawn to the miner’s shift to metallurgical coal and remains committed to net zero by 2050 after buying shares last week.

What RoboDebt, Hayne and Rio Tinto tell us about ESG’s limits

Sydney Metro has launched an inquiry into allegations of worker exploitation and a corporate cover-up on the Western Sydney Airport metro project. Big international funds have swung behind a resolution to force the gas company to explain how its NT Beetaloo pipeline project aligns with its green targets. Labor and the Coalition went to the federal election promising to end Chinese ownership of the port.

The country’s largest pastoral company has told investors four of its properties are affected, but says it will not be as bad as the 2019 devastation. The Gina Rinehart-backed rare earths play has secured $230 million from Export Finance Australia and German bank KfW to develop its Nolans project in the NT. The US president has been weakened by the war with Iran, but China needs a stable global economy so it can keep exporting its goods and boosting growth at home. Queensland’s only pumped hydro project under construction is delayed, adding further pressure to the state government’s energy plans. Our three tax cuts, instant deduction and the new offset are the equivalent of up to $54 back in the average earner’s pocket each week.

The global confectionary giant currently imports recycled plastics to meet its target for 30 per cent recycled packaging as Australia doesn’t have a facility. As well as dealing with perennial challenges, industry and government are under pressure to figure out how to regulate AI without strangling its potential. The Tesla chairwoman has stepped up her campaign for investors to support the billionaire chief’s pay package ahead of a crucial shareholder vote on November 6.

The Forensic Crash Unit is investigating after a Nissan Navara utility hit the child while turning right onto Toohey Street in Caboolture, Moreton Bay, about 6.47pm yesterday. Anika Wells has repaid $10,116 to the public purse for four taxpayer-funded trips, which included $8093 in expenses and a $2023 penalty.

She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Zoe Samios covers wagering and the business of sport from the AFR’s Sydney newsroom. Emergency services responded to reports of a crash shortly after 7.45 am today, with multiple crews, including a helicopter, now at the scene. Treasurer Jim Chalmers today confirmed the tax break will be officially enshrined in law and will come into effect in time for the 2027 tax season next year. Emergency services were called to Karreman Quarries on West Mount Cotton Road in Sheldon about 2.20pm yesterday following reports a man had been critically injured in a forklift incident. “I wanted to take away this dopamine hit that seems to be dished out no matter whether you win or lose.”