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The Latest Breaking News from Labor

Labor’s tax reforms might diminish the appeal of investing in shares – but should make home ownership more attainable

Tax changes revealed in the budget aimed at investment properties will also affect other assets, including shares

The Guardian - AU

'Seat at the table': independent senator joins Labor

Tasmanian Senator Tammy Tyrrell will jump from the crossbench to government ranks, announcing her shift to Labor in the upper house.

AAP

Olympic planning queried in affair corruption referral

A relationship between senior ministers has triggered a corruption watchdog referral over possible conflicts of interest in Olympic venue and grant decisions.

AAP

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read the most diverse news in one place.

Tax, migration and NDIS in coalition's economic sights

Opposition Leader Angus Taylor has unveiled a raft of economic policies aimed at winning back voter support and countering the rise of One Nation.

AAP

Has Labor’s tax reform killed ‘rent-vesting’ for young Australians seeking a foothold in the housing market?

Changes to capital gains tax and negative gearing will make the strategy of renting in a preferred area while buying a cheaper property elsewhere less attractive, experts say

The Guardian - AU

New revelations show WA is putting Australia’s climate targets at risk. Will Anthony Albanese do anything about it?

Premier Roger Cook has the prime minister’s implicit support but he’s making it harder for federal Labor to meet its much-vaunted climate targets

The Guardian - AU

Why budget rhetoric won’t match reality for many younger Australians

Figures show the treasurer’s reforms will make the tax system fairer but some will not have the advantages enjoyed by their parents

The Guardian - AU

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Angus Taylor’s budget reply to tie Net Overseas Migration to new housing

A Coalition government would cap Net Overseas Migration (NOM) at the number of new homes completed, under a further instalment of the opposition’s migration policy to be announced by Liberal leader Angus Taylor in his budget reply on Thursday.

The Conversation

Coalition to link immigration limits to new builds as Taylor says ‘migration has run miles ahead of housing’

Opposition leader to unveil plan to dramatically cut number of migrants in budget reply speech on Thursday

The Guardian - AU

Labor faces parliament challenge to budget tax reform

The treasurer will need to get the Greens or the coalition on board in order to make sweeping changes in his fifth budget a reality.

AAP

Politics with Michelle Grattan: Tim Wilson on the budget’s hidden hits on young Australians

The federal government’s fifth budget contains major, controversial changes to the tax arrangements for housing. The government has argued that the changes will ensure young people will have better access to the housing market.

The Conversation

A Zara dress, the Jim Reaper and a communist state: how Australia’s media interpreted the budget

The Murdoch papers sharpened their sickles and hammered Jim Chalmers’ budget for ‘the most radical redistribution of wealth since the Whitlam era’

The Guardian - AU

A real ‘intergenerational equity’ budget would address our unceasing environmental decline

Last night, Labor unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform. It comes at a time where politics is consumed with the international shocks created by US President Donald Trump, whether through chaotic tariff announcements or the US-Israel war with Iran.

The Conversation

Coalition vows to repeal Labor’s ‘toxic’ negative gearing and capital gains tax budget changes

Opposition leader Angus Taylor and shadow treasurer Tim Wilson say future Coalition government would reinstate generous rules for property investors

The Guardian - AU

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AAP

Targets and tests firm up for migrants under budget

A push for fewer, more skilled migrants and a more robust migration system has been outlined in the 2026/27 federal budget.

AAP

Budget spending stokes fears of further rate rise pain

An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.

The Guardian - AU

The complete 2026 Australian budget: choose the news coverage that matters to you

Select the federal budget topics you’re interested in to get the news tailored for you

The Guardian - AU

What the budget means for your generation – gen Z, millennial, gen X or boomer

Jim Chalmers has sold the budget as a historic shift in favour of intergenerational fairness. Four Guardian Australia staff members assess what it means for their age group

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The Guardian - AU

Budget capital gains tax changes and negative gearing reform explained

Negative gearing, capital gains tax and family trusts are all facing a big shake-up in the name of intergenerational fairness. How will it all work?

AAP

Small beer: revenue from gas export tax set to plummet

The petroleum resource rent tax is projected to raise $1.85 billion less in revenue than the beer excise by 2029/30, heaping pressure on Labor to tweak the tax.

The Guardian - AU

Budget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disaster

Labor’s ambitious and politically risky tax reform aims to help first home buyers and foster intergenerational fairness

The Guardian - AU

This bold budget has grasped the nettle of tax and housing – but it may not be enough to move the needle for younger Australians

Jim Chalmers, determined not to miss his reform moment more than four years into government, has backed the largest change to Australia’s sclerotic tax system since the Howard era

The Conversation

Albanese government uses its political dominance to implement a ‘Labor’ agenda

The tilt of this budget was, when you think about it, predictable.

AAP

Tax relief for workers and pain for investors in budget

Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.

The Guardian - AU

Inquiry calls Minns government grants scheme for Labor candidates an ‘election slush fund’

Parliamentary committee into 2023 electorate funding allocation program finds MP John Graham misled parliament

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