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Allegra Spender reveals plan to overhaul Australia's tax system

Allegra Spender reveals plan to overhaul Australia's tax system

Sky News AU6 days ago
Shaking up the tax system can have environmental benefits, help equalise the generational wealth divide and rev up the Australian economy, independent MP Allegra Spender says.
Speaking ahead of a roundtable meeting on the topic in Canberra later on Friday, Ms Spender says she's been putting a slightly embarrassing spin on the topic of tax.
'We're actually doing livestreaming on YouTube. I've been doing some slightly cringeworthy Instagram videos on tax reform recently, just trying to bring more people into this conversation,' she told ABC's Radio National on Friday.
'Because tax matters to all people, it influences our country, but it's sometimes pretty hard to get your head round and I do want people to be able to get informed.'
The independent MP for Wentworth has organised a meeting of tax experts, economists, business and community voices on Friday to discuss what 'meaningful reform should look like'.
This meeting will be a precursor to broader roundtable meetings organised by Treasurer Jim Chalmers next month.
'The Treasurer has now opened the door to tax reform,' Ms Spender said on Friday.
'I feel that tax reform has the opportunity to help Australia solve some of its biggest problems like sluggish productivity growth, like the fact that young people can't get ahead, like the fact that we need to make this climate transition as cheap as possible.
'But to be honest tax hasn't really been on the table until now.'
The large mandate given to the government set Australia up for meaningful change, she said.
'When I look back at history, you look at the Hawke-Keating reforms, you look at the Howard-Costello reforms, and I think most Australians would say those reforms, they were difficult but they set the country up for the long term,' Ms Spender said.
'And I think we do have an opportunity, in this term of parliament and into the next election, to potentially make the sort of significant reforms that can set up our community for the decades to come.'
Originally published as 'Decades to come': Major economic meetings begin with precursor roundtable
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Surprise gas guzzlers identified in vehicle road tests
Surprise gas guzzlers identified in vehicle road tests

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Surprise gas guzzlers identified in vehicle road tests

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Some of the most popular vehicles in Australia are consuming significantly more petrol than advertised, tests have shown, and hybrid cars rank amongst the most unexpectedly thirsty models. Twenty-five of 30 vehicles tested on Australian roads failed to meet their laboratory test results, and 11 of the cars consumed 10 per cent or more fuel than expected. The Australian Automobile Association revealed the findings in its latest round of on-road vehicle testing, which also found six models produced more noxious emissions than allowed in Australia. The results come amid a greater focus on vehicle emissions, following the introduction of the New Vehicle Efficiency Standard in 2025 and after rising sales of hybrid cars. The association tested a wide range of vehicles in the latest round of its $14 million Real-World Testing Program, ranging from large SUVs and vans to small cars, a ute and people-mover. 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"Some vehicles perform as advertised but most do not, and our program is seeking to reward carmakers that deliver genuine financial and environmental savings." In addition to fuel consumption, six of the 30 vehicles tested produced more noxious emissions than allowed under the Australian standard, including the Ford Ranger ute, Toyota Hi-Ace, and Toyota Fortuner. Five vehicles did buck the trend and use less fuel than expected, however, such as the Ford Transit van (nine per cent less), Lexus NX350h SUV (seven per cent less), and Mercedes-Benz GLC250 SUV (three per cent less). The program, funded by the federal government, has examined emissions from 114 vehicles since 2023 and found 88 models failed to meet their promised fuel consumption. The association will expand its tests to electric vehicles shortly, Mr Bradley said, and compare their on-road range to what consumers are promised. "Range anxiety continues to be a significant barrier to EV uptake," he said. 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All eyes on top bank official as rate-cut hopes inflate
All eyes on top bank official as rate-cut hopes inflate

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All eyes on top bank official as rate-cut hopes inflate

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A fireside chat starring a top Reserve Bank of Australia official will be closely watched as mortgage holders look for more signs confirming another interest rate cut. RBA deputy governor Andrew Hauser will speak at an economic forum hosted by investment bank Barrenjoey on Thursday. The event comes less than 24 hours after the Australian Bureau of Statistics revealed the Reserve Bank's preferred measure of inflation, the trimmed mean, eased to 2.7 per cent in the June quarter. The result was slightly softer than economists had expected and was widely interpreted as consistent with the RBA board lowering the cash rate to 3.6 per cent at its next meeting in August. Money markets are fully pricing in a 25 basis point cut and have upped the odds of a back-to-back cut in September to about 40 per cent, said Chief CommSec economist Ryan Felsman. But Mr Hauser could "offer some push-back about the need for rapid easing" at the Barrenjoey event in Sydney. 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Peak union body the ACTU has called for tougher regulations to ensure AI does not lead to job losses, while business groups have warned against regulation that could stifle adoption of the technology. Independent MP Zali Steggall has called for the government to appoint a special envoy for AI and the future of work to drive adoption of the technology while addressing growing public distrust. "I am concerned it's going to be unions trying to put a lid on it," Ms Steggall told AAP. "Look, I am supportive of guardrails. It has to be done safely, but to suggest that you can put the genie back in the bottle is unrealistic." The former Winter Olympian on Thursday launched her economic plan to re-energise the economy while speeding the transition to net zero, by encouraging clean energy investment and reducing the cost of housing. 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Peak union body the ACTU has called for tougher regulations to ensure AI does not lead to job losses, while business groups have warned against regulation that could stifle adoption of the technology. Independent MP Zali Steggall has called for the government to appoint a special envoy for AI and the future of work to drive adoption of the technology while addressing growing public distrust. "I am concerned it's going to be unions trying to put a lid on it," Ms Steggall told AAP. "Look, I am supportive of guardrails. It has to be done safely, but to suggest that you can put the genie back in the bottle is unrealistic." The former Winter Olympian on Thursday launched her economic plan to re-energise the economy while speeding the transition to net zero, by encouraging clean energy investment and reducing the cost of housing.

Fears for vulnerable children as social media ban grows
Fears for vulnerable children as social media ban grows

The Advertiser

time2 hours ago

  • The Advertiser

Fears for vulnerable children as social media ban grows

Limiting children's access to social media could inadvertently harm marginalised children, an expert has warned, as YouTube is roped into Australia's ban. The federal government's decision to include the video-sharing platform in its social media ban for under-16s has renewed focus on the measure. While it has been broadly celebrated by the coalition and Labor, who say it will protect children from the harms of social media, youth mental health foundation Headspace disagrees. "This is seen as a solution and it may be helpful, we don't know. But it may cause harm as well," national clinical advisor Simon Dodd told AAP. "We've talked to young people and they value social media. They value the connections it gives them." This was particularly true for those who struggled to find physical community in parts of regional or rural Australia, and for LGBTQI youth, who use social media platforms to find support and stay safe, Mr Dodd said. 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The changes will still allow children to access YouTube Kids or view videos accessible without an account. Though he recognised regulation was part of the answer to making online spaces safer, Mr Dodd has also urged the government to centre on young people's voices. "They have consistently told us they get the complexities of the social media environment and understand it better than many of the adults who are trying to legislate something that is difficult to manage," he said. "Without genuine consultation, this will result in young people feeling less trust in government and that is a real worry." Limiting children's access to social media could inadvertently harm marginalised children, an expert has warned, as YouTube is roped into Australia's ban. The federal government's decision to include the video-sharing platform in its social media ban for under-16s has renewed focus on the measure. While it has been broadly celebrated by the coalition and Labor, who say it will protect children from the harms of social media, youth mental health foundation Headspace disagrees. "This is seen as a solution and it may be helpful, we don't know. But it may cause harm as well," national clinical advisor Simon Dodd told AAP. "We've talked to young people and they value social media. They value the connections it gives them." This was particularly true for those who struggled to find physical community in parts of regional or rural Australia, and for LGBTQI youth, who use social media platforms to find support and stay safe, Mr Dodd said. Mental health is complicated as there are many factors that can impact it, including a person's social environment, and focusing on one measure as a solution risks missing opportunities to address young people's challenges . From December, people under 16 will no longer be able to create accounts on social media platforms such as Snapchat, Instagram, Facebook ,TikTok and now YouTube. Platforms that fail to conform with these rules face fines of up to $49.5 million. Eating disorder not-for-profit Hide N Seek warned YouTube could be home to harmful content such as extreme videos about body transformations or "what I eat in a day" media. "It can be extremely damaging, extremely damaging for children who are still developing their sense of self," founder Jaimee Krawitz told AAP. "But YouTube also hosts supportive, recovery-focused communities and educational content that can be part of a young person's healing journey." The changes will still allow children to access YouTube Kids or view videos accessible without an account. Though he recognised regulation was part of the answer to making online spaces safer, Mr Dodd has also urged the government to centre on young people's voices. "They have consistently told us they get the complexities of the social media environment and understand it better than many of the adults who are trying to legislate something that is difficult to manage," he said. "Without genuine consultation, this will result in young people feeling less trust in government and that is a real worry." Limiting children's access to social media could inadvertently harm marginalised children, an expert has warned, as YouTube is roped into Australia's ban. The federal government's decision to include the video-sharing platform in its social media ban for under-16s has renewed focus on the measure. While it has been broadly celebrated by the coalition and Labor, who say it will protect children from the harms of social media, youth mental health foundation Headspace disagrees. "This is seen as a solution and it may be helpful, we don't know. But it may cause harm as well," national clinical advisor Simon Dodd told AAP. "We've talked to young people and they value social media. They value the connections it gives them." This was particularly true for those who struggled to find physical community in parts of regional or rural Australia, and for LGBTQI youth, who use social media platforms to find support and stay safe, Mr Dodd said. Mental health is complicated as there are many factors that can impact it, including a person's social environment, and focusing on one measure as a solution risks missing opportunities to address young people's challenges . From December, people under 16 will no longer be able to create accounts on social media platforms such as Snapchat, Instagram, Facebook ,TikTok and now YouTube. Platforms that fail to conform with these rules face fines of up to $49.5 million. Eating disorder not-for-profit Hide N Seek warned YouTube could be home to harmful content such as extreme videos about body transformations or "what I eat in a day" media. "It can be extremely damaging, extremely damaging for children who are still developing their sense of self," founder Jaimee Krawitz told AAP. "But YouTube also hosts supportive, recovery-focused communities and educational content that can be part of a young person's healing journey." The changes will still allow children to access YouTube Kids or view videos accessible without an account. Though he recognised regulation was part of the answer to making online spaces safer, Mr Dodd has also urged the government to centre on young people's voices. "They have consistently told us they get the complexities of the social media environment and understand it better than many of the adults who are trying to legislate something that is difficult to manage," he said. "Without genuine consultation, this will result in young people feeling less trust in government and that is a real worry." Limiting children's access to social media could inadvertently harm marginalised children, an expert has warned, as YouTube is roped into Australia's ban. The federal government's decision to include the video-sharing platform in its social media ban for under-16s has renewed focus on the measure. While it has been broadly celebrated by the coalition and Labor, who say it will protect children from the harms of social media, youth mental health foundation Headspace disagrees. "This is seen as a solution and it may be helpful, we don't know. But it may cause harm as well," national clinical advisor Simon Dodd told AAP. "We've talked to young people and they value social media. They value the connections it gives them." This was particularly true for those who struggled to find physical community in parts of regional or rural Australia, and for LGBTQI youth, who use social media platforms to find support and stay safe, Mr Dodd said. Mental health is complicated as there are many factors that can impact it, including a person's social environment, and focusing on one measure as a solution risks missing opportunities to address young people's challenges . From December, people under 16 will no longer be able to create accounts on social media platforms such as Snapchat, Instagram, Facebook ,TikTok and now YouTube. Platforms that fail to conform with these rules face fines of up to $49.5 million. Eating disorder not-for-profit Hide N Seek warned YouTube could be home to harmful content such as extreme videos about body transformations or "what I eat in a day" media. "It can be extremely damaging, extremely damaging for children who are still developing their sense of self," founder Jaimee Krawitz told AAP. "But YouTube also hosts supportive, recovery-focused communities and educational content that can be part of a young person's healing journey." The changes will still allow children to access YouTube Kids or view videos accessible without an account. Though he recognised regulation was part of the answer to making online spaces safer, Mr Dodd has also urged the government to centre on young people's voices. "They have consistently told us they get the complexities of the social media environment and understand it better than many of the adults who are trying to legislate something that is difficult to manage," he said. "Without genuine consultation, this will result in young people feeling less trust in government and that is a real worry."

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