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The Latest Breaking News from Nick McKim

Labor warned against rushing through major tax overhaul

The Greens are likely to give their support to changes to negative gearing and the capital gains discount but businesses fear it will drive investors offshore.

AAP

Investor tax-break cuts no 'silver bullet' for housing

Winding back the capital gains tax discount could reduce property prices by about four per cent, compared to what they would be under a no-change scenario.

AAP

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

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 Conversation

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Tax discount 'skewing' property market to investors

A parliamentary report has found significant tax discounts on capital gains have tipped the scales in favour of investors compared to owner-occupiers

AAP

Supercharged inequality: rich investors stifle budget

Almost a quarter of the benefit of the capital gains tax discount goes to just five of Australia's wealthiest electorates, entrenching inequality, critics say.

AAP

Super tax changes a 'down payment' for greater reform

The Greens want the federal government to make the tax system fairer for young Australians in the budget after agreeing to pass changes to superannuation taxes.

AAP

Minister won't rule out tax change as Greens up demands

Falling building approvals have put the government further behind its housing supply targets, as Labor weighs up tax changes to ease affordability.

AAP

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Afternoon Update: Taylor launches Liberal leadership tilt; Minns doubles down over Sydney rally; and how hot is Jacob Elordi?

Liberal leadership spill under way as wave of resignations hits shadow ministry

The Guardian - AU

As ANZ duped customers and ignored hardship notices, the bank’s bosses raked in $26m in bonuses

The bonuses – awarded during the bank’s three years of misconduct – have been condemned as ‘indefensible’ and ‘tone-deaf’, especially given recent job cuts

The Guardian - AU

Greens threaten Labor with preference power play

Minister Murray Watt's approval of the North West Shelf gas extension looms large over a Greens move to withhold preferences from the Labor party.

AAP

Australian on pro-Palestinian aid flotilla told she will be ‘indefinitely detained’ by Israel unless she signs waiver

Madeleine Habib, who captained the Conscience ship, was arrested by Israeli forces on 8 October and detained in Israel’s Ketziot prison

The Guardian - AU

Corporate ‘middlemen’ mask who really profits from Australian fossil fuel projects, report warns

Nominee companies – paid to be listed as shareholders on behalf of unnamed investors – could be reducing accountability over financial support of industry

The Guardian - AU

Native forest logging must end in order to reach Labor’s emissions reduction target, expert says

Murray Watt says ‘it’s not the government’s intention to stop old growth logging’ as Greens and academics press for total halt

The Guardian - AU

Australia engaged in ‘unprecedented’ level of surveillance of Chinese flotilla, Marles says – as it happened

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The Guardian - AU

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AAP

Greens strike conciliatory tone on super tax changes

The Greens have pointed to the mandate won by Labor at the federal election in their willingness to have good-faith discussions about proposed changes to super.

The Guardian - AU

The Greens are about to choose a new leader. Here’s how it works – and who could be Adam Bandt’s successor

Sarah Hanson-Young, Larissa Waters and Mehreen Faruqi among possible successors after Bandt’s shock loss in Melbourne

AAP

Greens relish powerful position despite losing leader

The Greens are pondering who will take the reins of the minor party after losing their leader at the election, but will hold a powerful position in the Senate.

The Guardian - AU

Former Greens leaders urge party to stand up to Labor ‘arrogance’ as jockeying begins to replace Bandt

Richard Di Natale says party can regain lost seats, while Bob Brown and Christine Milne praise Adam Bandt’s leadership against ‘nasty misrepresentations’

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The Conversation

Thought the election campaign was boring? Maybe you’re just not on TikTok

This year’s election campaign marked a turning point in Australian politics. TikTok has emerged not just as another tool, but as a main battleground.

AAP

Record anti-salmon rally calls for major party sinking

More than 6000 people have rallied in opposition to salmon farming, with speakers including Bob Brown urging voters to ditch Labor and the Liberals.

AAP

Gamer senator takes to streaming in chase of youth vote

As Gen Zs and millennials become the country's dominant voting bloc, politicians are exploring new horizons and platforms to try to grab their attention.

The Guardian - AU

Facebook, Fortnite and FREE TAFE: nowhere to hide for voters in the Australian election campaign

The Liberals have pressed hard on the negatives, while Labor has a button of its own. Plus: Nick McKim’s surprisingly authentic gaming persona

The Guardian - AU

Coles suppliers told to pay for own freight costs to get products stocked

Exclusive: Coles says plan ‘benefits suppliers’ but senator Nick McKim calls move ‘blatant abuse of power’ that will ‘hit smaller suppliers hardest’

The Guardian - AU

Greens drop climate trigger demand in attempt to restart Nature Positive talks with Labor

Minor party’s offer, which includes ban on native-forest logging, represents its second concession on stalled legislation in less than a week

AAP

No change to RBA forecasts after Trump election

The re-election of Donald Trump as US president could have "adverse implications" for the Australian economy but it has not changed the RBA's view on inflation.

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