Samantha Maiden

The Albanese government has signalled that exemptions from its capital gains tax overhaul could extend beyond the technology sector, with the Prime Minister confirming consultation will canvas a wider range of business groups.

Former Liberal Treasurer Joe Hockey has backed the Albanese Government’s decision to scrap negative gearing for existing properties but described the changes to capital gains tax as “a mistake.”

One of the nation’s biggest home lenders has backed proposed changes to the capital gains tax discount for property investors but has urged carve outs for start ups.

Pauline Hanson has called for a crackdown on negative gearing but outlined an alternative model that would simply limit every Australian to owning a maximum of two investment properties.

Jim Chalmers has warned motorists to brace for impact with petrol prices set to rise by 26 cents a litre from July.

Anthony Albanese is doubling down on controversial changes to capital gains taxes, with the government dropping the first tranche of the tax reform legislation in parliament.

A wild night at a State of Origin watch party in a Canberra pub ended with former Deputy Prime Minister Michael McCormack confronting a tradie who was attempting to urinate outside the venue.

The average property investor in Australia is now over 50, and their age has steadily risen since the introduction of the original capital gains tax discount in 1999.

Labor frontbencher Mark Butler has warned landlords have “no basis” to hike rents right now based only solely on the changes to negative gearing and CGT, given that existing rental properties will not be impacted by the reforms.

One Nation leader Pauline Hanson has slammed her critics as “bastards” amid allegations she’s been AWOL at Senate estimates as her party overtakes Labor in the polls.