Guardian Essential report: power v poise
At the electoral crossroads, Guardian Australia's political reporter Krishani Dhanji talks to Essential Media's executive director Peter Lewis about what risks and rewards await Peter Dutton and Anthony Albanese as they gamble over the projection of strong v steady leadership to win the hearts and minds of Australian voters. Plus: who would people most want to have a beer with?
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Daily Mirror
3 days ago
- Daily Mirror
Conor McGregor's BKFC faces ban as Australian leader slams 'brutal' sport
The Irishman was confirmed as a part owner of Bare Knuckle Fighting Championship last year, but not everyone seems to be onboard with the promotion Conor McGregor has been dealt a huge blow after an Australian politician revealed he is leading calls for bare knuckle fighting to be permanently banned in the country. The Bare Knuckle Fighting Championship, co-owned by McGregor, was set to make its Australian debut in Perth this July. However, the WA Combat Sports Commission has rejected the application. In response to this development, Australian Opposition Leader Basil Zempilas is urging the State Government to completely outlaw the sport, asserting it has no place in Western Australia. "It was very clear that a significant majority of Western Australians did not want this brutal sport to be coming to Perth," He continued: "It should not have taken this long, and there are still lots of questions," said Zempilas. He further added: "We don't know what criteria was not met, or how the decision was reached. We don't know whether there were discussions between the Minister and the Commission, and it would appear the door is still open." Zempilas is convinced that a ban is the only appropriate measure to prevent future applications. "That's what we want. Clearly that's what the people of Western Australia want," the 53-year-old said. "It sets a bad example, there is very little demand. And it took the long way and a confusing way to get there, but I'm pleased that the common sense decision was ultimately reached." Last year, the former dual-weight UFC champion and his company "McGregor Sports and Entertainment" became part-owners of BKFC, which has since seen a stunning growth, staging events worldwide with McGregor often in attendance. However, not everyone is thrilled about the bare-knuckle fighting promotion. However, not everyone appears to be onboard with the promotion. Zempilas' comments were echoed by Prime Minister Anthony Albanese. Speaking to Triple M, Albanese said: "A bit of common sense - you've got to look after people's health a bit and maybe save people from themselves. I just think we've got to be much more conscious about health issues." When asked directly about bare knuckle fighting, the Prime Minister replied: "It's a bit crazy!" BKFC President David Feldman had previously insisted that the event would still go ahead. The lineup was set to feature ex-UFC heavyweight Ben Rothwell against Aussie powerhouse Alex 'Godly Strong' Simon, and 'Rowdy' Bec Rawlings slated to face Jade event was set to take place at RAC Arena on July 19, but with calls for a ban heating up, it seems very likely that the BKFC will struggle to host an event in Australia. Recently, McGregor vowed to compete in BKFC despite the controversy. "Yes. Yes. The warrior spirit burns strong inside me," he said at a BKFC press conference in Italy earlier this year. "For sure. If you think I'm up here giving these speeches and leading these men into battle and I won't step in there myself, think again. For sure. Conor McGregor will fight in Bare Knuckle Fighting Championship – mark my words." "I would wish to be the Bare Knuckle world champion. That is a significant belt to hold in your career. Nobody from boxing to mixed martial arts can speak nothing bad on a Bare Knuckle Fighting Championship world champion. So for sure, I'd be coming in looking for the world title. "There are many bouts, showcase bouts you could say. Michael Perry, Mike Perry. You could say Jeremy Stephens. You could say a rematch against Eddie Alvarez. You could say many matches. But the lightweight title, who is the champion right now, lightweight or welterweight? Let's see. I'm open. We'll see when it comes."
The Guardian
3 days ago
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Worried about the tax on $3m plus super balances? Here's how you'll survive
Imagine you have $3m in super and have just retired, only to hear that Labor plans to hit you with a new tax. Or perhaps you're worried (dream?) that at some point in the near or distant future you might cross that multi-million-dollar savings threshold. Either way, you might be wondering whether the government's proposal to whack an extra 15% tax on earnings on balances over $3m is going to put a major crimp in your retirement plans. Breathe easy, your annual trips to Europe are safe, as are your smashed avocado brekkies. According to Guardian Australia's analysis, a wealthy Australian retiring with $3m in super today would pay an extra $2,355 in tax. Sign up for Guardian Australia's breaking news email And that's from annual retirement income of more than $170,000, based on an estimate from Asic's MoneySmart retirement calculator. In other words, the tax represents barely 1% of your income. If that doesn't make you feel better, then remember that the median full-time salary in Australia is $88,400, according to the ABS, and $72,590 across all employees. So you are making nearly twice the median full-time salary – and those suckers are paying income tax! Well, consider this: The Association of Superannuation Funds of Australia reckons that a single person with a paltry $595,000 in savings can generate a 'comfortable' lifestyle in retirement with $51,807 in income a year. You're making more than three times as much, even after paying Labor's damned extra tax! What's that? You only have $800,000 in savings? Gosh, how sad. (If it makes you feel any better, that's still four times the median super balance among 65-69 year-olds, according to the ATO). Sign up to Breaking News Australia Get the most important news as it breaks after newsletter promotion Don't worry, though, you won't be paying the proposed extra 15% tax - remember it only starts kicking in on balances over $3m. And anyway, you can still live pretty well on $67,000 a year, tax-free. That all sounds OK for the small-fry with $3m in super. But what about the serious savers with $5m? How much extra tax will they have to suffer in the name of making the super system 'fairer'? Bad news. They could be paying something like an extra $25,000 in tax under the proposed policy, if they earn the average 7.5% annual return in the year. The good news is that they'll still have nearly $270,000 left over to … wait, can a single retiree even spend that much in a year?
Powys County Times
4 days ago
- Powys County Times
Fact check: More people leave than arrive on current youth mobility schemes
On the BBC's Today programme on May 19, from around two hours and 21 minutes, Business and Trade Secretary Jonathan Reynolds said the UK's youth mobility arrangements with other countries reduce net migration. Asked 'how do you know there will be fewer people coming here than leaving?' Mr Reynolds said: 'Well, I've got 13 schemes in action already and that's the evidence of them.' He later added: 'I tell you the evidence of the current schemes just so you know is that they're a net negative on immigration.' Evaluation Around 24,400 youth mobility visas were issued to people wanting to come to the UK in 2024. Although figures are patchy for how many Britons go abroad, data from just three countries – Australia, New Zealand and Canada – suggests that 68,495 British citizens travelled to those countries in 2024 (the Australian data is for the 12 months to the end of June 2024). That would suggest that Mr Reynolds is right. However it does not take into account that Britons going abroad on these temporary visas will sooner or later come back, as will those who come to the UK. It is also not clear that this pattern will repeat in any similar deal with the EU. The UK population is much larger than those of Australia, New Zealand and Canada, so there are more Britons who can go to those countries than can come here. With the EU that is reversed. The facts How many people come to the UK on a youth mobility visa? Government data shows there were 24,437 people who were handed a youth mobility visa last year. Most of these were from one of the 13 countries with which the UK has a reciprocal arrangement. A small handful of visas – 131 in total – were for people from countries other than the 13. The Migration Observatory at the University of Oxford has suggested that these are the result of errors in data recording, or due to people having dual nationalities. The top three countries that sent people to the UK on youth mobility visas between January and December 2024 were Australia (9,754 visas), New Zealand (4,304 visas) and Canada (3,060 visas). How many Britons go abroad on youth mobility type schemes? Figures are patchy on how many British people have gone abroad on a youth mobility scheme. The Department for Business and Trade was unable to share data. Australia publishes a twice-yearly report into what it calls its working holiday visa programme. That is the Australian equivalent to the UK's youth mobility scheme. The latest such report covered the 12 months to the end of June 2024. That report showed that Australia issued 48,973 working holiday visas to UK citizens. Data from New Zealand is available on the website of the Ministry of Business, Innovation and Employment. Using its migration data explorer produces a spreadsheet which shows that there were 9,486 working holiday visas granted by New Zealand to UK citizens in between January and December 2024. Canadian data does not appear to be publicly available, but the figures were provided to the PA news agency by the Canadian Department for Immigration, Refugees and Citizenship. The data shows that in 2024 there were 9,972 work permits issued to UK and UK overseas territories citizens under the country's working holiday scheme, and a further 64 people had their permits extended. How do incoming youth mobility visas compare to outgoing? Net migration is a figure which subtracts the number of people coming into the country from the number of people leaving. The data cited above suggests that while 9,754 Australians came to the UK on youth mobility visas, 48,973 Britons went in the opposite direction. It must be noted that the time periods measured here are different, the Australian data is for the 12 months ending June 2024, while the UK data is for the 12 months ending December 2024. Meanwhile the data suggests that 4,304 New Zealanders came to the UK while 9,486 Britons went in the other direction. Data further shows that 3,060 Canadians came to the UK in 2024, while 9,972 Britons went in the other direction. This suggests that for each of these three countries the youth mobility schemes are – as Mr Reynolds suggested – reducing net migration. In fact Australia alone appears to receive twice as many Britons (48,973) as all people who the UK receives from all 13 countries added together (24,437). However, it should be noted that because youth mobility schemes are time-limited, Britons going abroad and people who have come to the UK on such visas will eventually be forced to return. This means the UK's inbound migration figures should take into account not just Australians and Canadians – for example – coming to the UK, but also Britons returning from Australia and Canada after their youth mobility visas expire. If it is assumed that everyone returns then over a longer time frame the youth mobility programmes will have a neutral impact on net immigration because every Briton who leaves the UK will come back and every non-Briton who comes to the UK will leave. This does not take into account the people – both Britons abroad and non-Britons in the UK – who apply for a different visa to stay in their adopted country. Do these conclusions also apply to the EU scheme? The impact on net migration of the potential EU scheme will depend on the details of the agreement between London and Brussels. Madeleine Sumption, director at the Migration Observatory, told the PA news agency that the size of the cap on the programme would be vital for the impact on net migration. She said the fact the UK sends more people to Australia, Canada and New Zealand than it receives from them 'probably results from the fact that the UK has a much larger population than they do, so we just have more young people potentially interested in moving'. With the EU scheme, Ms Sumption said, the population sizes are flipped – that is to say the EU's population is much bigger than the UK, leaving more young people who might be willing to come here. Therefore the smaller the cap on the number of visas is, the more likely both the EU and UK will fill their quotas. If both fill their quotas – and the quotas going both ways are the same – then the impact on net migration will be zero. However if the cap is large then it is more likely that there will not be as many Britons going to Europe as are coming in the opposite direction, which will bring up net migration. But, as with the existing schemes, both Britons in Europe and Europeans in the UK will eventually have to leave unless they find another visa, which over the long run should mean that the programme has a neutral impact on net migration. Links BBC – Today, 19/05/2025 Migration Observatory – What is the Youth Mobility Scheme and how does it work? (archived) – Entry clearance visas granted outside the UK (archived page and spreadsheet, using tab Data_Vis_D02) Australian Department of Home Affairs – Visitor visa statistics (archived) Australian Department of Home Affairs – Working Holiday Maker visa program report (archived) New Zealand Ministry of Business, Innovation and Employment – Migration data explorer (archived page and downloaded spreadsheet. To download the correct spreadsheet, instructions can be found at (archived): In dataset select 'W1 work decisions', in time period select 'calendar year' and in variables select 'application substream', 'application criteria' and 'decision type')
