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The Guardian - AU
The Guardian - AU
National
Adeshola Ore and Stephanie Convery (earlier)

Australia and Japan commit to ‘support the flow’ of energy – as it happened

Sanae Takaichi with Anthony Albanese in Canberra
Sanae Takaichi with Anthony Albanese in Canberra. Photograph: Hollie Adams/Reuters

What we learned, Monday 4 May

Thanks for joining us today. Here’s a reminder of the day’s top stories:

Updated

Labor can’t be trusted to follow through with housing promises, Hastie says

Hastie has taken aim at the Albanese government for its anticipated winding back of tax breaks for investors.

The Albanese government is widely expected to announce changes to the capital gains tax discount and negative gearing rules in next Tuesday’s federal budget. The treasurer, Jim Chalmers, said they were part of reforms aimed at addressing community concerns that younger generations are being left worse off under current tax settings.

Asked about the expected policy change, Hastie said:

Labor went to the last election not having made any of these policy commitments, and now they’re changing. You know, can we trust them? And I think the answer is no.

Updated

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