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The Western Australian government is now spending more per head of population than debt-ridden Victoria. The party’s overwhelming victory in Farrer shatters the Coalition’s ability to sell itself and to condemn Labor’s tax increases. DGR Global shareholders hit the jackpot when a Chinese suitor bought SolGold, but will they ever see the money? Fortescue’s $150.1m native title obligation is chump change compared with the wealth Andrew Forrest has made on Yindjibarndi lands.
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Four government aides have resigned as they joined scores of Labour MPs calling for UK Prime Minister Keir Starmer to stand down after local election results. Led by two internationally award-winning filmmakers, a new dedicated environmental film festival is set to debut in Margaret River next year. A discussion around emissions is heating up across the State this month, with several local government’s weighing in on how best to manage WA’s greenhouse contributions. A $23 million project is under way, aiming to strengthen Jurien Bay’s drinking water supply, which is set to deliver an additional 100 million litres each year The city’s red-hot housing market could be heading for a sharp reality check as economists warn Australia is on the brink of its biggest property correction in 40 years.
Your MoneyCommentsPremiumA super work hurdle for older small business owners
The treasurer’s fifth budget confirms intentions to put higher taxes on wealth but without reducing income taxes, cutting spending or boosting productivity. The S&P 500 has added a staggering 16.6 per cent since hitting a wartime low in late March, while the local bourse continues a long slump. As the treasurer prepares to hand down his “ambitious” fifth budget, there are warnings some Australians will be left worse off. Australians will pay some of the highest tax rates on capital gains from property, shares and other investments if the 50 per cent discount is axed as expected. Premier Roger Cook defends the policies around local government after the Shire of Carnarvon was plunged into chaos on May 1 when shire president of seven years, Eddie Smith, resigned. What’s changed since 2019 to make a move on tax breaks for property investors more politically palatable?
The country’s major developers say the lack of tax relief in the Victorian and West Australian budgets has made federal government measures more pressing. Most investors selling property, shares and other assets will pay more tax once the new model to index the cost base of an asset to inflation is bedded down. Workers who earn wages will get up to $2800 back at tax time while people whose incomes come from investment properties or trusts will have to pay more. The start-up sector is trying to understand whether a capital gains tax exemption for the venture capital industry is on the cards as part of the federal budget. The Yindjibarndi people have been awarded the largest-ever payout for economic and spiritual loss after more than a decade of Fortescue mining iron ore on native title land in the Pilbara.
Disgraced WA author Craig Silvey published novels that included scenes of a teenager being sexually assaulted by her father, and an underage boy trying to arouse elderly men before he was arrested. More than $1 billion of Federal funding earmarked for green hydrogen has been yanked in a major policy U-turn. Flying high on another resounding election result, Pauline Hanson is putting the pieces in place to kick Labor out in two years’ time. With stops planned for Perth, NSW and Queensland, four Aussies who are still being kept on a rat virus-infested cruise ship will soon be back within Australia’s borders. Outback Wrangler Matt Wright has walked from prison after serving five months behind bars for attempting to pervert the course of justice. Businesses are bracing for more price rises in input costs in the coming months, a senior economist says, at a time when there’s little room to pass it on to already-crunched consumers.
A controversial measure reportedly included in Labor’s fifth federal budget has sparked outrage from the Coalition, which has accused it of breaching voter trust. A 10-minute set-up for automated deposits and sustainable spending buffers prevent minor financial lapses from derailing australian casino online long-term prosperity. Markets run on information, but in the age of artificial intelligence, fake news and social media, investors must always question it or risk catastrophic results. Opposition Leader Jess Wilson concedes it would take time to reduce debt and interest repayments. Major investors are increasingly worried about the hype around artificial intelligence stocks driving US markets to repeated records as war boosts inflation. The $59.3 million valuation of the copyright was based on Deloitte estimates, but tax authorities have claimed it should have been closer to just $4 million.
EducationCommentsPremiumUniversities ‘shocked’ as Federal research funding axed
Four tips to set your child up for success from a Scitech expert. Explore emerging trends, strengthen your skills and staying relevant in our ever-changing landscape. A humble home in Nollamara appears to have increased in value at more than twice the pace of the rest of boom-time Perth, with value tripling in a four-an-a-half year span. Rising interest rates are bad news for Perth’s renters, and not only because landlords pass higher mortgage costs on through rent increases.
The Federal Government will spend $85.2 million fast-tracking migrant tradespeople in hopes it will ease a dire shortage of skilled construction workers. The expansion of a Perth public hospital won’t be complete until after 2030, with the Federal Government falling $40 million short of what was promised. Confused about the tax changes revealed in Tuesday night’s Federal Budget?
Conflict and WarPremiumUkraine, Russia fight on despite US-mediated ceasefire
South of the border, this luxury jungle property thrums with mysterious spirits – and we’re not talking about the 3500-bottle tequila collection. Now some are shifting focus and teaching people how to feel good. Psychologists have long focused on treating depression, on making people feel less bad. Planning to wear your best timepiece on that trip to Europe? Meet the accidental hoteliers who are responsible for some of the most beautiful new places to stay on the island of Menorca and the Balearics. Lenders are preparing to bolster the card payment system with ‘post quantum cryptography’ by 2030 to protect customers from further danger.
- Pay land tax and vacant residential land tax by instalments.
- A controversial measure reportedly included in Labor’s fifth federal budget has sparked outrage from the Coalition, which has accused it of breaching voter trust.
- Reducing the tax benefits of owning investment property could reduce the availability of rental homes, pushing rents up, according to the property industry.
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- The City of Kalgoorlie-Boulder continues pushing the State Government for more money in hopes the 2017 election commitment to upgrade Kalgoorlie International Speedway can come to fruition.
Waalitj Marawar (West Coast) have placed Harry Edwards into concussion protocols as the key defender enters a career defining recovery from a third head knock this season. Mums across Kalgoorlie-Boulder began their Mother’s Day with purpose by running alongside family and friends to support breast and ovarian cancer research. Perth’s health, beauty and creative communities came together at the Youth Lab and Pancare charity dinner to raise money for pancreatic cancer research and patient care. Issy McNab was only seven when she started getting bullied on the school bus. The US State Department will host a second round of talks between Israel and Lebanon on Thursday, as it tries to broker a deal that would remove a major stumbling block in peace talks with Iran. Ben Harvey’s tongue-in-cheek assessment of Rita Saffioti’s third big spending budget covers the key highlights from hospitals to housing, including resorting to Lego.
It seems the archdiocese is on a selling spree, putting at least its fifth property on the market in the past 12 months. As many as 600 workers have sold their ChatGPT developer shares, highlighting the huge payouts the AI boom is bringing to a select few. The US president accused Tehran of reneging on a promise to drop its nuclear ambitions as part of a deal to end the war, which threatens his meeting with Xi Jinping. France’s consumer body is warning that the platforms are selling unsafe items including overheating hairdryers and exploding batteries. The US president has been weakened by the war with Iran, but China needs a stable global economy so it can keep exporting its goods and boosting growth at home.
