The ‘what the hell’ effect kills wealth. How to avoid it

Liquor & Gaming NSW NSW Government

Anthony Albanese has forced to defend a furore over broken election promises as he and Treasurer Jim Chalmers scramble to fix the housing crisis by cutting back property investor tax lurks. 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. Police have shed new details on the scale of their search for a man wanted over the alleged murders of three people in NSW, after his remains were found.

But shadow treasurer Tim Wilson flags support for $250 tax offset; Chalmers says voters care more about ‘substantive change’ than broken promises. 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. What’s changed since 2019 to make a move on tax breaks for property investors more politically palatable?

We value and include people of all cultures, languages, abilities, sexual orientations, gender identities, gender expressions and intersex status. The Salvation Army Australia acknowledges the Traditional Owners of the land on which we meet and work and pay our respect to Elders past, present and future. “When I was at my most desperate, the Salvos gave me hope and allowed me to think I’m still important.” — 60-year-old woman from Victoria “The Salvos have made a tremendous difference in my life — the food assistance I received as well as the emotional support has lifted my spirits. “The Salvos made me feel a sense of community and support.

Rescuers are desperately searching for a swimmer who has been missing at Trigg Beach for more than an hour. A young father was allegedly high on nitrous oxide when he ploughed his car into a tree, killing his two young daughters and seriously injuring their mother, a Perth court has heard. Confused about the tax changes revealed in Tuesday night’s Federal Budget? Gifts of $2 or more to the social work of The Salvation Army in Australia are tax deductible.Details and ABNs We are committed to the safety and wellbeing of people of all ages, particularly children.

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 Now into his seventh season as coach, it has taken some time for Justin Longmuir’s team to be considered premiership-ready, but the time has finally arrived, writes Paul Hasleby. The middle child has survived hand-me-downs, shared bedrooms, forgotten milestones and a lifetime of being told to stop making a fuss. Waalitj Marawar (West Coast) say Harry Edwards’ long-term health is their top priority as he enters a career-defining recovery from a third head knock this season. Emerging Waalitj Marawar (West Coast) forward Malakai Champion has paid tribute to celebrated teammate Jamie Cripps who has avoided a serious knee injury.

Every argument being made now and in the next few weeks could have been made before the last election – and carried. The Dutch trading giant’s local offshoot grew profits by 50 per cent in 2025 as high volatility across aussie payid pokies financial markets offered ample trading opportunities. DGR Global shareholders hit the jackpot when a Chinese suitor bought SolGold, but will they ever see the money?

It was all sunshine as Australian Fashion Week formally kicked off on Monday with a reception hosted by Jodie Haydon at Kirribilli House. 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.

The ‘what the hell’ effect kills wealth. How to avoid it

So when you get it right, it makes the pay-off so much sweeter. But a new survey released just hours before Treasurer Jim Chalmers stands up in Parliament has revealed what voters really want. Capital gains tax and negative gearing have dominated the pre-Budget headlines. The driver of an electric scooter has opened fire with a pistol near a drug hotspot in the French city of Nice, killing two people and injuring several more. Led by two internationally award-winning filmmakers, a new dedicated environmental film festival is set to debut in Margaret River next year. Investors are largely being kept in the dark about the financial impact of climate threats and little is being done to shield companies from looming risks.

Frydenberg quietly lands another M&A deal

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. 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. 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.

Aussies 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. Owing more money today means that the federal government will have less flexibility to deal with whatever is coming our way next. The treasurer’s fifth budget confirms intentions to put higher taxes on wealth but without reducing income taxes, cutting spending or boosting productivity. 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. The 2026 budget contains taxes on higher education providers and departing Australia, infrastructure cost blowouts, and a crackdown on school disability funding.

Andrew Forrest’s Fortescue has been ordered to pay $150 million to WA traditional owners after mining their land without permission. As WA’s farmers face ongoing uncertainty, a RuralAid counsellor is encouraging producers to look after their mental health, take time out to talk through any issues, and keep an eye on their mates. Last month, several local governments reviewed the WA Local Government Association’s new draft climate change advocacy position including the shires of Waroona and Harvey. As workplaces across Western Australia continue to evolve at pace, the need for practical, people-focused leadership has never been greater.

Walyalup (Fremantle) coach Justin Longmuir says he’s conducting his own search to find the mystery Wharfie Time operator as he praised it for helping the Dockers get over the line against Hawthorn. It provides researchers with some explanation as to why breast cancer can return many years after successful treatment. Issy McNab was only seven when she started getting bullied on the school bus. A top WA university is among institutions and bodies expressing dismay at funding cuts to Australia’s research and development sector ahead of Tuesday’s Federal Budget. Curtin University was transformed into a glowing wildlife wonderland over the weekend as thousands of visitors descended on campus for the immersive Creatures on Campus experience.

Why you shouldn’t wear a luxury watch when travelling

• The treasurer is relying on taking from investment owners to help first home buyers.
• We believe in good for you and want to see you get back on your feet.
• But his tax hit isn’t backed with big-bang reform to expand the economy.
• Financial problems can affect anyone, anywhere, at any time.

Treasurer Jim Chalmers says the changes will make the system fairer and help young people get into the property market. Use PTX Express to manage payroll tax and update details. You can search the register to see if any money belongs to you. 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.

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.

Sign up to get the latest on your favourite topics from the ABC We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. When Trump last visited China in 2017, artificial intelligence was not yet the centre of global power.