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The Latest Breaking News from Labor

'A tough ask': coalition braces for by-election defeat

The coalition's grip on the seat of Farrer could be over after more than 70 years, with One Nation and an independent in the box seat for a crucial by-election.

AAP

Family and business trusts could soon have to pay more tax – with a few likely exceptions

Should some of Australia’s more than 1 million family and small business trusts face higher taxes in future, bringing them closer to what ordinary wage earners already pay in income tax?

The Conversation

Almost $4bn more for Victoria’s contentious Suburban Rail Loop to be included in federal budget

Additional funding for the costly 90km public transport project promised before state’s November election

The Guardian - AU

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‘Fed up, fired up, and finally heard’: inside the political earthquake brewing in Farrer

In Australia’s regional heartland, something unusual is happening — and voters know it.

The Conversation

Afternoon Update: Labor’s gas reservation plan; snowfall in several states; and inside the making of Moulin Rouge

Gas companies will be forced to set aside 20% of export volumes for domestic use under the new reservation scheme

The Guardian - AU

New gasfield approved near Twelve Apostles puts climate and ‘pristine’ ocean in jeopardy, environmentalists warn

Victorian and federal Labor governments greenlight Otway basin drilling project with potential to supply one-third of state’s gas

The Guardian - AU

Premier digs in as 'love story' sparks integrity war

A political "love story" has morphed into an all‑out integrity brawl, with one premier under siege over what he knew and who really called the Olympic shots.

AAP

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Morning Mail: Coalition’s ‘roadmap’ to slash immigration leaked, Trump’s new threat to Iran, Ted Turner dies

US president says Tehran must accept a deal or face a new wave of bombing

The Guardian - AU

Gas tax hopes flicker as reservation scheme revealed

Big gas companies will need to inject more LNG into the Australian market under a plan aimed at bringing down prices and shoring up supply.

AAP

Fuel bonus as WA posts eighth straight budget surplus

More than $1 billion in cost-of-living relief will be shared in Western Australia as the state capitalises on an iron ore uplift to bank another budget surplus.

AAP

Albanese government abandons beleaguered inland rail project connecting NSW with Queensland

Originally envisioned to run 1,700km from Melbourne to a port near Brisbane, the mega infrastructure project will now only connect Beveridge in Victoria to Parkes in NSW

The Guardian - AU

Cabinet minister suspended from parliament for a week

Having refused to produce documents relating to a premier's comments to police, a state parliament has taken the extraordinary step of suspending a minister.

AAP

Politics with Michelle Grattan: Alan Kohler says Labor’s tax changes probably won’t lower house prices

Changes to negative gearing and the capital gains tax discount on housing (and probably other assets) are now considered certain in Tuesday’s budget.

The Conversation

The Victorian budget is cleverly structured for an election. But is it too late to make a difference?

About a year and a half ago, Jaclyn Symes replaced Tim Pallas as Victorian treasurer, ending Pallas’ record-breaking ten years in the role.

The Conversation

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The Guardian - AU

Australia eyes security pact with Fiji as pushback from Beijing undermines agreement with Vanuatu

Foreign minister Penny Wong visits Fiji this week to progress the security and economic agreement

The Guardian - AU

Winners and losers: Victoria’s 2026 budget cuts transport costs and helps parents - but will future generations suffer?

Motorists, public transport users, families with children and Melbourne growth suburbs among Labor’s budget beneficiaries

AAP

Greens preference decision will backfire, pollster says

A former strategist turned pollster says a Greens decision not to direct preferences in a by-election is likely to inflict brand damage on the party.

The Guardian - AU

Morning Mail: tensions rise as Trump tries to open Hormuz, Labor Left’s identity crisis, Dolly Parton’s health woes

‘Project Freedom’ could backfire amid reported clashes in the Gulf

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AAP

Party leader flies in for debut from One Nation's MPs

One Nation leader Pauline Hanson has guest-starred outside the opening of a state parliament, where her party now holds seven seats.

The Guardian - AU

Victorian budget 2026: state records first post-pandemic surplus but financial health uncertain as debt nears $200bn

Labor’s 2026-27 budget shows $727m operating surplus for this financial year as debt forecast to soar by decade’s end

The Guardian - AU

One in four humanities students in Australia to take more than 25 years to pay off student loans, Treasury finds

Job-ready graduates program will also leave almost two-thirds of humanities and creative arts students with debts exceeding $50,000

The Guardian - AU

Labor extends EV tax break to encourage cheaper vehicles amid soaring fuel prices

As the cost of the scheme blows out, the government has announced the full discount will be retained for another year, after which it will only apply to EVs costing less than $75,000

The Guardian - AU

Coalition accused of secretly giving big tobacco lobbyists private platform in parliament

Exclusive: A Senate committee considering the illegal tobacco trade in Australia hears closed-session evidence from cigarette manufacturers

The Guardian - AU

Queensland government in ‘integrity crisis’ over alleged undisclosed affair between two ministers, opposition says

The Olympic Games minister, Tim Mander, and the child safety minister, Amanda Camm say they were not in a relationship when they were sworn in

The Guardian - AU

Jim Chalmers rules out fuel excise extension and downplays hopes for tax relief in ‘most responsible’ budget yet

The treasurer also says May federal budget will play ‘helpful not harmful role in fight against inflation’

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