Tag: labor

Labor capitulates on ‘widows tax’ after crossbench revolt over CGT | Labor reverses another c…

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Labor reverses another controversial element of its tax changes

The Albanese government has been forced to reverse yet another element of its controversial budget reforms after intense backlash to its "widows tax".

Labor is making another change to its controversial tax legislation as backlash over the laws has forced the government to back down again on its budget reforms.

Treasurer Jim Chalmers will axe elements of the government's negative gearing and capital gains tax changes, which would have impacted divorcees and widows.

Dubbed the "widows tax", the measure would have scrapped grandfathering exemptions for those property tax changes in the case of a divorce or a death.

This was expected to impact about 680,000 properties owned before Mr Chalmers’ budget address.

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June 25, 2026
Labor MPs prefer Ebola talk to budget in quiet caucus meeting; Liddell chimneys demolished | Bowe…

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Bowen’s side role at international summit will cost taxpayers almost $150m

Australia will spend nearly $150 million on Climate Change Minister Chris Bowen’s side role as president of negotiations at the United Nations’ next climate conference, as well as on supporting Pacific nations to participate in the global event.

During a Senate estimates hearing on Monday, Environment Department officials told Liberal senator Sarah Henderson that the May budget had allocated the funding – which includes 70 full-time equivalent staff – in the lead-up to the 31st Conference of the Parties meeting in November, otherwise known as COP31.

Bowen was appointed to the role of president of negotiations for COP31 as a consolation prize after the Albanese government withdrew its bid to host the summit, ceding the rights to Turkey.

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Bowen is asked by my colleague Dan Jervis-Bardy, about the Guardian’s reporting on a leaked internal memo from mining company BHP that it’s delayed or stalled key climate projects to reduce emissions.

The energy minister brushes off some of the concerns and says that he’s made his expectations on emissions reductions with emitters “crystal clear” both publicly and privately.

Bowen says there are some challenges around the technology available to reduce emissions but that either way BHP has to abide by the government’s safeguard mechanism.

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May 26, 2026
Labor walks tightrope as tax overhaul alarms startups and investors | Money advice: I make $180k …

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Labor walks tightrope as tax overhaul alarms startups and investors

Anthony Albanese (left) says the government is consulting on how to ensure tax changes do not disproportionately hurt startups and venture capital. (ABC News: Matt Roberts)

Labor MPs say many Australians have responded positively to housing tax reforms, but there is concern that changes to capital gains tax and discretionary trusts will become a tough sell.

Uncertainty around the tax measures is fuelling opposition among some young investors and business owners, while the Coalition says Labor is trying to freeload off entrepreneurs.

The federal government is consulting on how it can prevent unintended consequences for startups and will offer transition support for small businesses as they restructure to avoid the new tax on discretionary trusts.

Money advice: I make $180k a year through my trust. How will the new tax affect me?

My wife and I are in our late 50s and operate a small business through our family trust. The profit is usually about $180,000 a year, and that’s distributed as $60,000 each to my wife, myself and our 19-year-old daughter, who is at university. How are we likely to be affected by the proposal to levy a flat tax of 30 per cent on family trusts?

You are likely to be hit hard. Under the present arrangements, you probably pay about $9000 tax a year each. That’s a total of $27,000 in tax if the money is distributed equally among the family. Under the proposed arrangements, the trust would cop a flat tax of 30 per cent, which would be $54,000, so your tax would effectively double.

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Small businesses fear budget changes will take profits

Start-up founders are concerned capital gains tax changes will take their profits and stifle future innovation.

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May 20, 2026
Labor heartlands home to biggest NDIS fraud risks | Shopper caught trying to defraud Aussie small…

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Labor heartlands home to biggest NDIS fraud risks

The 10 worst electorates for National Disability Insurance Scheme provider compliance issues are all traditionally Labor-held outer suburban seats in western Sydney and north-west Melbourne.

Those are the results of the Kismet Care Index, which uses public data on enforcement actions against providers and utilisation rates of NDIS packages to shed new light on where the $50-billion-a-year scheme is going off the rails.

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Shopper caught trying to defraud Aussie small business using AI photos of 'damaged' order

Property News: Australia's most expensive streets, and how much it costs to live in them.

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Shopper caught using AI to trick small business into sending freebies

A small business in Victoria has called out a customer who claimed their order was damaged in the post – but the photo evidence they supplied was AI-generated.

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April 5, 2026
Nationalism in a ‘remade’ world: Labor’s rallying cry as fuel crisis worsens | Dark times c…

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Sovereignty is the new black in a post-globalisation world

Rebuilding Australia’s lost sovereignty will take serious money, either through subsidy, strategic deregulation or regulatory incentives.

That Australia is close to running out of liquid fuel should not surprise us. We got rid of all but two refineries, converted one of Sydney’s largest storage tanks to an art gallery and until three years ago counted fuel supplies in the US as part of our required reserve.

Sure, the Morrison government committed $203 million to support expanded fuel storage in 2020, the Albanese government tipped in a fraction more and that additional storage, much of it only now coming online, has brought us nowhere near the 90-days supply the International Energy Agency requires. Successive Australian governments agreed and then, with exceptions, ignored the requirement.

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March 25, 2026
Labor appears set to reform capital gains tax discount after parliamentary inquiry findings | Cap…

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Labor appears set to reform capital gains tax discount after parliamentary inquiry findings

Report reveals the Howard-era settings are helping fuel intergenerational inequality in Australia’s housing market

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Labor has given one of its strongest signals yet the capital gains tax discount will be reworked in the May budget, with a parliamentary inquiry finding the Howard-era settings are helping fuel intergenerational inequality in Australia’s housing market.

A Greens-led parliamentary inquiry said the 50% discount “skewed the ownership of housing away from owner-occupiers and towards investors”.

“The benefits of the capital gains tax discount are also unequally distributed, with implications for income and wealth inequality and intergenerational inequality,” the report released on Tuesday found.

Capital gains tax discount ‘skewed’ housing towards investors: Senate inquiry

Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

University of Canberra provides funding as a member of The Conversation AU.

A Senate inquiry has provided Treasurer Jim Chalmers with ammunition for his plan to pare back the capital gains tax discount in the May 12 budget.

The majority report of the inquiry into the operation of the capital gains tax discount, tabled Tuesday, concluded that while various factors influenced housing markets, there was evidence the discount, combined with negative gearing, had “skewed the ownership of housing away from owner-occupiers and towards investors”.

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March 17, 2026
Labor to pass super tax changes with support of Greens | Major superannuation changes to become l…

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Labor to pass super tax changes with support of Greens

Jim Chalmers has thanked the Greens for engaging constructively. (ABC News: Ian Cutmore)

Labor will pass legislation to increase the tax on those with super balances of more than $3 million, ending a years-long stalemate.

The tax bill will pass the Senate this week without amendment, after Labor secured the support of the Greens.

The Greens say their support is a "down payment" of goodwill in the hope Labor will pursue more ambitious tax policies in the budget.

Labor will pass legislation to increase the tax on those with super balances of more than $3 million, ending a years-long stalemate.

The tax bill will pass the Senate this week without amendment, after Labor secured the support of the Greens.

Richest super balances to be taxed at higher rates after Greens agree to back Labor plan

Greens say support for superannuation tax changes is a ‘down payment’ on Labor pursuing genuine reform in 12 May federal budget

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Labor’s plan to raise the tax rate on the largest super balances will become law after the Greens agreed to wave it through the Senate, ending a three-year political fight over concessions for wealthier retirees.

The Greens’ treasury spokesperson, Nick McKim, said the decision to support the watered-down package was a green light for Labor to pursue “bold reform” in the upcoming federal budget, including scaling back the capital gains tax discount and negative gearing.

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March 10, 2026
New Evidence Of Labor Abuses At Flagship Chinese Factory In Serbia | Canadian Crypto Fugitive Sli…

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Canadian Crypto Fugitive Slips Dragnet in Serbia, Surfaces in Bosnia

As his flight departed from Amsterdam’s Schiphol airport en route to Kuwait via Istanbul, Canadian crypto fugitive Andean Medjedovic was unaware that his globe-trotting lifestyle would soon be halted.

Just two weeks later, on December 11, 2023, Dutch authorities issued a European arrest warrant for the then 21-year-old, alleging he had pulled off a “sophisticated hack” that netted him $48 million US in cryptocurrency.

A native of Hamilton in the Canadian province of Ontario, Medjedovic graduated from high school at 14 and received a master’s degree in pure mathematics at 18; nine months after the arrest warrant was issued, he was arrested in Serbia.

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January 30, 2026
Labor hopeful wipes ‘Invasion Day’ social media posts | COMMERCIAL FIRE AT CROYDON PARK SA Me…

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Fire destroys building next to an Adelaide Greek Orthodox church

An administration building beside St Nectarios Greek Orthodox Church in Croydon has been destroyed by a major fire, while emergency crews successfully protected the church and a nearby nursing home. Photo: Pixabay

An administrative building located next to the Saint Nektarios church in Croydon, Adelaide, was engulfed in flames on Friday night, but the fire did not spread to the church or a neighbouring nursing home.

According to initial reports, the Fire Department and emergency services were called to Regency Road shortly after 8pm when the fire broke out under unspecified circumstances.

The administrative building was completely destroyed, however, thanks to the immediate intervention of the firefighters the Greek Orthodox church and the adjacent nursing home were saved.

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January 24, 2026
Liberals divided over Labor’s plan to outlaw inciting racial hatred | ‘Words matter’: spy chief t…

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Liberals divided over Labor's plan to outlaw inciting racial hatred

Some backbench MPs have publicly raised concerns over some of the proposed changes to hate speech laws. (ABC News: Ian Cutmore)

The Coalition is split over whether a proposed new offence that would make it illegal to incite or promote racial hatred is at odds with its broader interests in preserving freedom of speech.

Liberal backbenchers, including Andrew Hastie, publicly raised concerns about some of the proposed changes.

Labor is continuing to consult over the new legislation, which will be introduced to parliament in a special sitting next week.

Liberals are divided over Labor's proposed hate speech laws making it a criminal offence to incite or promote racial hatred that sparks fears of intimidation, harassment or safety.

'Words matter': spy chief talks up ban on hate groups

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A bid to ban extremist groups following the Bondi massacre will be good for Australia, the nation's spy chief says, as he warns there is "permission" for politically motivated violence in society.

Draft laws to be debated next week in parliament when it returns early would introduce a framework to outlaw hate groups that fall below a threshold to designate them a terrorist organisation.

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Morning Mail: a possible loophole in hate speech laws, PM urged to rethink US relations, flood fears in Queensland

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Morning everyone. Anthony Albanese will outline more details of the government’s crackdown on hate speech and antisemitism this morning, but our lead story today reveals there could be a loophole in the legislation he plans to bring forward.

We’re also reporting from the frontlines of two sides of the climate crisis: the aftermath of fires in Victoria and fears that flooding in central Queensland could isolate people for months. And as Donald Trump continues to threaten Iran (and the Federal Reserve boss) with intervention, two former foreign ministers are urging the prime minister to rethink Australia’s relationship with the US.

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January 13, 2026