Labor incumbent David Smith edges ahead of independent Jessie Price in ACT seat of Bean
Labor's David Smith has edged ahead of independent challenger Jessie Price in the tight contest for the southern ACT electorate of Bean.
Bean is one of just eight electorates where the result remains in doubt following the federal election last weekend.
The margin between Mr Smith and Ms Price has remained exceptionally close all week, with Ms Price slightly ahead for most of the time, until now.
Mr Smith, who has held the seat since 2019, now leads the two-candidate preferred (TCP) vote by 124 votes.
The ABC has stopped using a projection from its election computer, given how advanced the count is, and is now reporting the raw figures provided by the Australian Electoral Commission (AEC).
Live results: Find out what's happening in your seat as counting continues
The final result will depend on outstanding postal, absentee, and declaration votes.
The deadline for the AEC to accept postal votes is Friday, May 16.
Mr Smith received the most primary votes, around 41 per cent, compared to Ms Price on just under 27 per cent.
Want even more? Here's where you can find all our 2025 federal election coverage
Catch the latest interviews and in-depth coverage on ABC iview and ABC Listen
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
23 minutes ago
- News.com.au
Closing Bell: ASX crawls to the finish after touching new intraday high, up just 0.06pc
ASX sets new intraday high at 8639 points before sliding to 8598 Normalising US-China relations undercut gold, rare earth and uranium stocks Despite all that, ASX 200 Resources index gains 0.67pc The ASX had a very strong start to the day, rocketing up almost 0.5% in the first hour of trade. Unfortunately, it was pretty much all downhill from there. While the Aussie market managed to keep momentum just long enough to stay in positive territory, the bourse is up just 4.9 points or 0.06%. That puts us 0.54% off the 52-week average high, a range we've been hovering around for about a week now. Looking at the sectors, real estate, energy and materials made the biggest moves. Info tech and healthcare both dragged. Neither the Banks index nor Gold index were shown much love today, both in the negative alongside the All Tech. The ASX 200 Resources index was more of a bright spot, lifting 0.67% despite some geopolitical headwinds for several commodities. US-China trade deal moves toward final approval While details are thin, as of about midday AEST Chinese and US officials have agreed to a trade war truce. Reuters reports the two countries have agreed on a framework to remove export restrictions and boost trade volumes after a torrid four-month saga of retaliatory tariffs and general mudslinging. "We have reached a framework to implement the Geneva consensus and the call between the two presidents," US Commerce Secretary Howard Lutnick said. "The idea is we're going to go back and speak to President Trump and make sure he approves it. They're going to go back and speak to President Xi and make sure he approves it, and if that is approved, we will then implement the framework." While good news for the general health of the global economy, it's taken the wind out of ASX resource stock sails, particularly gold, rare earths and uranium miners and explorers. Many were angling to become the new strategic sources of energy and critical minerals outside of China, but that's looking less necessary now. ASX resources stocks in the dumps Taking a look at our rare earths stocks, Lynas Rare Earths (ASX:LYC) has slumped more than 7%, joined by several of its small cap cousins. Arafura (ASX:ARU) has also shed 7%, while Northern Minerals (ASX:NTU) is down 5.8%, Dateline Resources (ASX:DTR) 20% and Eclipse Metals (ASX:EPM) 12%. Gold stocks are faring a little better. Mid cap Perseus Mining (ASX:PRU) has slipped 5% after releasing a five year production outlook. Fellow midcap Ramelius Resources (ASX:RMS) is down just 1.9%. On the other hand, some small cap gold stocks are struggling. Iceni Gold (ASX:ICL) has shed 16%, Solstice Minerals (ASX:SLS) 7% and Gorilla Gold Mines (ASX:GG8) 11%. Uranium stocks are taking a little less heat, ironically. Paladin Energy (ASX:PDN) is down 3.2%, Boss Energy (ASX:BOE) 2% and Deep Yellow (ASX:DYL) 2.7%. Bannerman Energy (ASX:BMN) has slumped 9.5%, however, and Lotus Resources (ASX:LOT) has slipped 7%. Despite all that the materials sector is very much in the green today, up 0.63%, with plenty of resource companies making strong gains. Look no further than our Small Cap Leaders table for the day for examples… ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap RAN Range International 0.0015 50% 17142 $939,290 PLY Playside Studios 0.21 45% 2923235 $59,337,210 KGD Kula Gold Limited 0.01 43% 17524286 $6,448,776 REZ Resourc & En Grp Ltd 0.018 38% 898234 $8,731,309 SLA Solara Minerals 0.195 26% 694247 $8,987,648 AAU Antilles Gold Ltd 0.005 25% 605718 $9,245,471 CTN Catalina Resources 0.005 25% 27442520 $9,704,076 MEM Memphasys Ltd 0.005 25% 1850532 $7,934,392 OVT Ovanti Limited 0.0025 25% 1300174 $5,587,030 ROG Red Sky Energy. 0.005 25% 8341400 $21,688,909 OLY Olympio Metals Ltd 0.036 24% 25625 $2,553,952 HFR Highfield Res Ltd 0.155 24% 439824 $59,259,630 DAL Dalaroometalsltd 0.042 24% 2253388 $8,464,365 ATG Articore Group Ltd 0.225 22% 155114 $52,676,230 ADG Adelong Gold Limited 0.006 20% 802466 $10,343,383 ALY Alchemy Resource Ltd 0.006 20% 200000 $5,890,381 BLZ Blaze Minerals Ltd 0.003 20% 16939864 $3,917,370 GLL Galilee Energy Ltd 0.006 20% 200000 $3,535,964 ICG Inca Minerals Ltd 0.006 20% 3043331 $7,881,950 RDN Raiden Resources Ltd 0.006 20% 10880428 $17,254,457 TON Triton Min Ltd 0.006 20% 200000 $7,841,944 NSB Neuroscientific 0.067 20% 872198 $8,097,873 HTM High-Tech Metals Ltd 0.23 18% 137280 $10,763,210 SIO Simonds Grp Ltd 0.165 18% 69553 $50,386,903 CCM Cadoux Limited 0.035 17% 601741 $11,127,528 Making news… Blaze Minerals (ASX:BLZ) is turning heads after hitting gallium and rubidium mineralisation at its Ntungamo project in Uganda. While the mineralisation isn't particularly high grade in this first pass of drilling, the price of gallium has surged 23% since January last year, marking the critical mineral as a lucrative exploration target. BLZ's drilling also encountered scandium mineralisation, but no neodymium or praseodymium of any economic significance. Olympio Metals (ASX:OLY) has locked in a 38-hole drilling program at the Bousquet gold project after nabbing the necessary drilling approvals. The company is particularly interested in investigating the Paquin gold prospect, which has already offered up a promising drill result of 9m at 16.96 g/t gold. The project sits on the incredibly fertile Cadillac Break formation, home to gold resources exceeding 110Moz gold. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Security Name Last % Change Volume Market Cap DGR DGR Global Ltd 0.003 -40% 6327345 $5,218,480 FHS Freehill Mining Ltd. 0.005 -38% 5297011 $25,868,222 BMO Bastion Minerals 0.002 -33% 66886718 $2,710,883 PAB Patrys Limited 0.001 -33% 43052603 $3,086,171 SFG Seafarms Group Ltd 0.001 -33% 1880561 $7,254,899 G50 G50Corp Ltd 0.14 -26% 2354159 $30,513,555 RDS Redstone Resources 0.003 -25% 971324 $4,137,069 SP8 Streamplay Studio 0.007 -22% 2727401 $11,532,281 VPR Voltgroupltd 0.145 -22% 219023 $19,825,007 GAS State GAS Limited 0.019 -21% 631079 $9,422,421 W2V Way2Vatltd 0.006 -20% 600000 $10,596,436 CZN Corazon Ltd 0.002 -20% 550949 $2,961,431 MGU Magnum Mining & Exp 0.004 -20% 10853500 $5,608,254 MRD Mount Ridley Mines 0.002 -20% 292846 $1,946,223 SKK Stakk Limited 0.004 -20% 52435 $10,375,398 TYX Tyranna Res Ltd 0.004 -20% 1119997 $16,442,127 VRC Volt Resources Ltd 0.004 -20% 2771856 $23,423,890 FCT Firstwave Cloud Tech 0.013 -19% 911424 $27,416,299 RAS Ragusa Minerals Ltd 0.013 -19% 351938 $2,281,581 CKA Cokal Ltd 0.03 -17% 1590245 $38,842,163 ICE Icetana Limited 0.025 -17% 1569979 $13,144,280 ANR Anatara Ls Ltd 0.005 -17% 290750 $1,280,302 GGE Grand Gulf Energy 0.0025 -17% 1516666 $8,461,275 LIT Livium Ltd 0.01 -17% 13819883 $20,286,085 OLH Oldfields Holdings 0.02 -17% 347666 $5,113,419 G50 Corp's (ASX:G50) has also released a gallium-based announcement, although the market wasn't quite as impressed with the results as in BLZ's case. While G50's mineralogy study has confirmed the presence of gallium in three types of mineral samples at its Golconda gold-silver-zinc project, the content is fairly low, represented in just 38% of the host rock. The mineral type with the best gallium content of 55 parts per million accounts for just 7% of the rock content, meaning G50 will need to extract and concentrate the critical mineral before it can be sold on to off takers. Freehill Mining (ASX:FHS) has taken another step to expand its aggregate materials business in Chile, selecting a third site in the La Serena region. Investors seem unimpressed with the company's cash generating efforts, which are focused on providing construction materials to local customers to fund development of the Yerbas Buenas magnetite mine. A new resource estimate for the ICE copper-gold project wasn't enough to wow Bastion Minerals (ASX:BMO) shareholders. The new JORC estimate confirmed the volume of the historical estimate at 5.76Mt at 1.09% copper. Perhaps investors were hoping for a little more. Management says they've got plenty of reason to hope, as most exploration on the project has been concentrated around the ICE deposit. BMO reckons there's potential for more in 11 targets, which have had no follow up investigation as yet. TRADING HALTS IN CASE YOU MISSED IT St George Mining (ASX:SGQ) Araxá rare earths and niobium play in Brazil.
Sky News AU
30 minutes ago
- Sky News AU
Mark Bouris rails against Labor's controversial super, unrealised gains tax; issues alarming message to young Australians
Millionaire and businessman Mark Bouris has cautioned younger Australians to be aware of the dangerous risks posed by Labor's contentious super, unrealised gains tax, stating 'every young person' in the country 'should be worried'. Labor's plan to double the tax rate from 15 to 30 per cent on super accounts over $3 million looks set to pass both houses when parliament resumes in July, with the Greens expected to join with Labor in the Senate to ram the legislation through. However, the plan, which also targets unrealised capital gains has attracted a myriad of critics including top fund managers, leading economists and former Treasury officials who have argued the policy is reckless and unprecedented in nature. Despite Treasurer Jim Chalmers repeatedly claiming the policy will only affect 80,000 Australians or 0.5 per cent of the population, industry magnates have outlined that due to the threshold not being indexed with inflation, millions of young Australians could fall victim to the tax in the coming decades. In the latest episode of his Mentored+ podcast, Mr Bouris outlined that young Australians should be extremely concerned by the tax proposal, and that the super accounts of Australians starting work today would eventually be ransacked as a result. 'The people that are going to be affected by that the most is anyone starting work today, any new young person,' Mr Bouris said. 'So, if you're a young person saying this is great, because the rich people are going to transfer the wealth across to the younger people, you will be transferring it to your kids and it's going to keep going like that forever'. The businessman who is best known for founding Wizard Home Loans, Australia's second largest non-bank mortgage lender also said that older Australians had struggled to amass superannuation savings with a low tax rate, and that the tax hike would only make things harder for younger Australians. 'Every young person in the country should be worried about this, and I'll tell you why: because every old person in the country has experienced building their superannuation up with only 15 per cent tax rate from day 1, for the last 30, 40 years'. 'We've had this, all of us had this fantastic low-tax situation with the money we earn in our super fund,' Mr Bouris said, adding that young people who accumulate more than $3 million worth of assets "will not have the same benefits that everyone else had had'. Former Labor Prime Minister and chief architect of compulsory superannuation Paul Keating is reportedly incensed by the policy, telling industry super executives and union leaders last August the plan was 'unconscionable', and that it would turn superannuation into a low-and middle-income pension scheme. Mr Bouris said the former ALP Prime Minister, who introduced compulsory superannuation in 1992 'must be feeling completely demoralised and probably to some extent betrayed' by the reforms, stating that Mr Keating had long argued for government to refrain from imposing excessive levies on super. 'All (Labor's changes) is going to do is put more strain on government when people retire, because people are not going to retire with enough money because they are going to be paying too much tax," he said. 'So if you're a young person and you're saying, 'Oh, this is great', because you're gonna get rich people to transfer the wealth across to the younger people – uh-uh." From July 12 the majority of Australian workers will have 12 per cent of their wages paid to a superannuation fund, representing a 0.5 per cent increase from the current threshold.
ABC News
33 minutes ago
- ABC News
Moira Deeming offers to delay John Pesutto bankruptcy proceedings for preselection guarantee
Victorian Liberal MP Moira Deeming has offered to delay bankruptcy proceedings against former opposition leader John Pesutto if the party bypasses its rules and guarantees her preselection for next year's state election. Mr Pesutto tried to expel Ms Deeming, an outspoken first-term MP, over her attendance at an anti-trans-right rally in March 2023. The event, entitled Let Women Speak and categorised by supporters as a women's rights event, was gatecrashed by neo-Nazis. But Mr Pesutto's expulsion attempts backfired, and the Federal Court ultimately found he had defamed Ms Deeming on multiple occasions by conveying that she associated with neo-Nazis. Earlier this year, the court ordered Mr Pesutto pay Ms Deeming $2.3 million in legal costs, which he cannot afford. Lawyers for Ms Deeming have begun bankruptcy proceedings against the Hawthorn MP. He has less than three weeks to stump up the money or he'll be expelled from parliament. As part of his efforts to avoid bankruptcy, Mr Pesutto and his backers have approached the Liberal Party to provide a loan. While the proposal is still in development, it has growing support, with many Liberals keen to avoid a by-election in Hawthorn that would be triggered if Mr Pesutto declared bankruptcy. The fracas has derailed Opposition Leader Brad Battin's attempts to present the Coalition as an alternative government and is the latest front in a long-running internal factional fight. Ms Deeming and her supporters do not believe the party should be using members' money to assist Mr Pesutto. On Monday, Ms Deeming wrote to Mr Pesutto, Mr Battin and party officials outlining a proposal to withdraw the bankruptcy proceedings if her conditions were met, including the party guaranteeing her preselection. It's understood a challenge on her preselection has been prepared by local members and has a strong chance of succeeding. Ms Deeming asked the party to endorse by "special resolution however described in constitutional terms so that I enjoy the right to serve my community without any internal distractions, which is something denied to me to date". She also wanted Mr Pesutto to pay all the available funds he has, which she believes is $750,000, and that the remainder of his debt be deferred until March 30, 2027 to "give him sufficient time to secure the necessary funds and avoid bankruptcy". Ms Deeming also wanted the Liberal Party, through Mr Battin, to provide her and her family an "unreserved written and public apology for the way I have been treated, for the imputations against my reputations, and that all the false allegations and defamatory slurs directed towards me are rejected". Her other demands included all parties drawing a line under events and focusing on the election. "It is because of the extraordinary support that I have received from rank-and-file members that I make this offer with the intention that the funds they have raised to fight the Labor Party remain solely directed to that important objective,'' she wrote. The offer was expected to expire at 5pm on Wednesday. Liberal sources said the offer has gone down like a lead balloon, with one source labelling it "preposterous". "It hasn't sparked much interest at all,'' one senior party figure said. Others are enraged that Ms Deeming is trying to override the party's preselection processes. Mr Battin has been contacted for comment. Both Ms Deeming and Mr Pesutto declined to comment.
