Chalmers urged to overhaul CGT discount on housing
Labor for Housing, a national group of members similar to the influential Labor Environment Action Network, said the savings from reforming CGT could be used to scrap GST on goods and services used to build, maintain and manage state public housing.
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Sky News AU
3 hours ago
- Sky News AU
Labor's election ‘Mediscare' campaign ‘stunt' promise lashed
Sky News host Steve Price discusses Labor's 'stupid' Mediscare campaign against the Opposition. 'The election Mediscare campaign, ten weeks ago, that saw millions of Australians fall for a stunt so blatantly false that we should all now feel pretty stupid,' Mr Price said. 'Time and time again … anyone who has been to the doctor in many places around Australia knows that finding a bulk-billing practice that does not have a gap payment … is about as hard as the prime minister getting a meeting with Donald Trump.'
The Advertiser
3 hours ago
- The Advertiser
Dutton dethroner shares emotional journey to parliament
The first person to claim the scalp of an opposition leader at a federal election has recounted her path to parliament in an emotional first speech. Dickson MP Ali France spoke of the painful loss of her 19-year-old son Henry, who died from leukaemia in February 2024 after an 18-month battle. Ms France was one of the big winners of the federal election, unseating former opposition leader Peter Dutton at the May poll. In her first speech to parliament, she spoke of her late son's courage and him being the drive behind her campaign. "He told me many times, that this election was my time," she said in the speech. "He was convinced I would win and said a number of times, 'don't make me the excuse for you not doing important things'. "His words, his courage, were with me every day of the campaign. Henry was instrumental in getting me to this place." Ms France said her "epic journey" to sitting in federal parliament was not part of any grand plan, but rather the result of hundreds of little steps. The 2025 election was the third time she ran for the Queensland seat. "A lifetime of small acts of kindness and support from so many good people," she told the House on Tuesday. In 2011, Ms France lost her leg. She was taking her youngest son Zac, then four years old, to an appointment at a Brisbane shopping centre when an out-of-control car came veering towards them. Her left leg was crushed from her thigh down as she was pinned against another vehicle. Martin Wullschleger, the trauma surgeon whose split-second decision to amputate saved Ms France's life, was in the gallery to hear her maiden speech. "The first time I went out to dinner a lady stopped us and said, 'you have such a pretty face, what a pity you are in a wheelchair'," she said. Following six surgeries in four years, PTSD and severe pain left Ms France at the lowest point in her life. It was then she came across Iraqi orthopaedic surgeon Munjed Al Muderis who told her he would do everything to get her walking again as she underwent a risky surgery to implant a metal prosthetic. The refugee and surgeon also watched on from the gallery. She described being pretty angry by the time she joined Labor in 2016. "Landing a job was incredibly difficult for me. People only saw disability," she said. "It's like I was born the day of my accident." Ms France was the first person elected at the May poll to give her maiden speech in the 48th parliament, with other first-term MPs to deliver their remarks in coming days. The first person to claim the scalp of an opposition leader at a federal election has recounted her path to parliament in an emotional first speech. Dickson MP Ali France spoke of the painful loss of her 19-year-old son Henry, who died from leukaemia in February 2024 after an 18-month battle. Ms France was one of the big winners of the federal election, unseating former opposition leader Peter Dutton at the May poll. In her first speech to parliament, she spoke of her late son's courage and him being the drive behind her campaign. "He told me many times, that this election was my time," she said in the speech. "He was convinced I would win and said a number of times, 'don't make me the excuse for you not doing important things'. "His words, his courage, were with me every day of the campaign. Henry was instrumental in getting me to this place." Ms France said her "epic journey" to sitting in federal parliament was not part of any grand plan, but rather the result of hundreds of little steps. The 2025 election was the third time she ran for the Queensland seat. "A lifetime of small acts of kindness and support from so many good people," she told the House on Tuesday. In 2011, Ms France lost her leg. She was taking her youngest son Zac, then four years old, to an appointment at a Brisbane shopping centre when an out-of-control car came veering towards them. Her left leg was crushed from her thigh down as she was pinned against another vehicle. Martin Wullschleger, the trauma surgeon whose split-second decision to amputate saved Ms France's life, was in the gallery to hear her maiden speech. "The first time I went out to dinner a lady stopped us and said, 'you have such a pretty face, what a pity you are in a wheelchair'," she said. Following six surgeries in four years, PTSD and severe pain left Ms France at the lowest point in her life. It was then she came across Iraqi orthopaedic surgeon Munjed Al Muderis who told her he would do everything to get her walking again as she underwent a risky surgery to implant a metal prosthetic. The refugee and surgeon also watched on from the gallery. She described being pretty angry by the time she joined Labor in 2016. "Landing a job was incredibly difficult for me. People only saw disability," she said. "It's like I was born the day of my accident." Ms France was the first person elected at the May poll to give her maiden speech in the 48th parliament, with other first-term MPs to deliver their remarks in coming days. The first person to claim the scalp of an opposition leader at a federal election has recounted her path to parliament in an emotional first speech. Dickson MP Ali France spoke of the painful loss of her 19-year-old son Henry, who died from leukaemia in February 2024 after an 18-month battle. Ms France was one of the big winners of the federal election, unseating former opposition leader Peter Dutton at the May poll. In her first speech to parliament, she spoke of her late son's courage and him being the drive behind her campaign. "He told me many times, that this election was my time," she said in the speech. "He was convinced I would win and said a number of times, 'don't make me the excuse for you not doing important things'. "His words, his courage, were with me every day of the campaign. Henry was instrumental in getting me to this place." Ms France said her "epic journey" to sitting in federal parliament was not part of any grand plan, but rather the result of hundreds of little steps. The 2025 election was the third time she ran for the Queensland seat. "A lifetime of small acts of kindness and support from so many good people," she told the House on Tuesday. In 2011, Ms France lost her leg. She was taking her youngest son Zac, then four years old, to an appointment at a Brisbane shopping centre when an out-of-control car came veering towards them. Her left leg was crushed from her thigh down as she was pinned against another vehicle. Martin Wullschleger, the trauma surgeon whose split-second decision to amputate saved Ms France's life, was in the gallery to hear her maiden speech. "The first time I went out to dinner a lady stopped us and said, 'you have such a pretty face, what a pity you are in a wheelchair'," she said. Following six surgeries in four years, PTSD and severe pain left Ms France at the lowest point in her life. It was then she came across Iraqi orthopaedic surgeon Munjed Al Muderis who told her he would do everything to get her walking again as she underwent a risky surgery to implant a metal prosthetic. The refugee and surgeon also watched on from the gallery. She described being pretty angry by the time she joined Labor in 2016. "Landing a job was incredibly difficult for me. People only saw disability," she said. "It's like I was born the day of my accident." Ms France was the first person elected at the May poll to give her maiden speech in the 48th parliament, with other first-term MPs to deliver their remarks in coming days. The first person to claim the scalp of an opposition leader at a federal election has recounted her path to parliament in an emotional first speech. Dickson MP Ali France spoke of the painful loss of her 19-year-old son Henry, who died from leukaemia in February 2024 after an 18-month battle. Ms France was one of the big winners of the federal election, unseating former opposition leader Peter Dutton at the May poll. In her first speech to parliament, she spoke of her late son's courage and him being the drive behind her campaign. "He told me many times, that this election was my time," she said in the speech. "He was convinced I would win and said a number of times, 'don't make me the excuse for you not doing important things'. "His words, his courage, were with me every day of the campaign. Henry was instrumental in getting me to this place." Ms France said her "epic journey" to sitting in federal parliament was not part of any grand plan, but rather the result of hundreds of little steps. The 2025 election was the third time she ran for the Queensland seat. "A lifetime of small acts of kindness and support from so many good people," she told the House on Tuesday. In 2011, Ms France lost her leg. She was taking her youngest son Zac, then four years old, to an appointment at a Brisbane shopping centre when an out-of-control car came veering towards them. Her left leg was crushed from her thigh down as she was pinned against another vehicle. Martin Wullschleger, the trauma surgeon whose split-second decision to amputate saved Ms France's life, was in the gallery to hear her maiden speech. "The first time I went out to dinner a lady stopped us and said, 'you have such a pretty face, what a pity you are in a wheelchair'," she said. Following six surgeries in four years, PTSD and severe pain left Ms France at the lowest point in her life. It was then she came across Iraqi orthopaedic surgeon Munjed Al Muderis who told her he would do everything to get her walking again as she underwent a risky surgery to implant a metal prosthetic. The refugee and surgeon also watched on from the gallery. She described being pretty angry by the time she joined Labor in 2016. "Landing a job was incredibly difficult for me. People only saw disability," she said. "It's like I was born the day of my accident." Ms France was the first person elected at the May poll to give her maiden speech in the 48th parliament, with other first-term MPs to deliver their remarks in coming days.
Sydney Morning Herald
4 hours ago
- Sydney Morning Herald
Australian superannuation: What does the average person with a $3 million total look like?
Of the 80,000 Australians with super balances eclipsing $3 million, about 55 per cent are male, one-quarter have at least one investment property and about a third are still earning wage or salary income, according to the association. Of those still working, most are in managerial or professional roles. Older Australians comprise an overwhelming majority of those with super balances above $3 million, with 65 per cent classed as retirees. About 90 per cent of those with super balances above that threshold are aged over 60 and just under half are aged over 70. While some individuals report little-to-no taxable income, the average taxable income of people with super balances over $3 million is $240,000 a year, while the median is $110,000 a year. These figures do not include income from superannuation in retirement phase, which can be withdrawn tax-free if an individual is aged over 60. About one in 20 reported income from farming or agricultural sources, but the Association of Superannuation Funds noted that often this was not the primary source of income, bringing into question claims that many farmers could be unfairly hit with unaffordable bills under the new super tax. National Farmers Federation president David Jochinke has taken aim at Labor's decision to tax unrealised capital gains, saying many farmers would not be able to pay the higher tax bill if the value of their land increased but their earnings did not, especially amid seasonal volatility. 'Taxing something that has only paper value, and no relation to your ability to pay that tax, is flawed,' he said previously. 'Farms will be sold and generations of farming discontinued purely on this decision.' But the data shows about 7 per cent of the Australians likely to be affected by the change – roughly 5600 people – live in rural areas, with only some of those ever having been involved in farming – and even fewer reporting self-managed super fund balances over $3 million. Most of those with more than $3 million in super live in affluent regions within the major capital cities, with very few in rural or remote areas. Areas with the highest shares of these people include the eastern suburbs, north shore and northern beaches in Sydney, inner areas of Melbourne and the Mornington Peninsula, and inner suburbs of Perth and Brisbane. The Association of Superannuation Funds also found there were significant numbers of these individuals in retirement areas such as the Gold Coast and the Sunshine Coast. Loading Meanwhile, areas with the lowest proportions of people with super balances over $3 million include rural Tasmania, the Hunter Valley, the Central West of NSW, Murray, outer south-west Sydney, Hume, Darling Downs, Darwin, Logan in Queensland, and Mandurah in Western Australia. Cut through the noise of federal politics with news, views and expert analysis. Subscribers can sign up to our weekly Inside Politics newsletter.
