What's New
WHAT'S NEW
ACOSS data reveals CGT discount billions flow to Australia’s wealthiest electorates
Research from the Australia Council of Social Services (ACOSS) released today shows that the benefits of the capital gains tax (CGT) 50% discount overwhelmingly favours the wealthiest electorates in the county.
WHAT'S NEW
Shorter America This Week: Very complete, pretty much; We already know who's next (it's Cuba); Looksmaxxing
It isn’t always easy to keep up with what’s happening in the US. “Shorter America” is a series where Dr Emma Shortis loops you in on what’s going on in America and shares news and analysis that you can trust.
WHAT'S NEW
Ed Husic calls out gas industry’s “glut of greed”
A sharp rebuke of Australia’s gas industry was delivered in Parliament overnight, as Labor MP for Chifley, Ed Husic, accused major exporters of putting profits ahead of the public interest and called for a stronger national approach to managing the country’s gas resources.
WHAT'S NEW
Hanson-Young backs Wildlife Recovery call for urgent funding to save injured native animals
Australia’s struggling wildlife rescue sector is calling for the Albanese government to fund a national system for treating injured and orphaned native animals.
WHAT'S NEW
Australia hands fossil fuel companies $31,000 a minute in subsidies — more than it spends on the Air Force
New research has revealed that Australian governments are providing the equivalent of $31,020 a minute in fossil fuel subsidies as households continue to struggle with rising petrol and electricity prices.
WHAT'S NEW
Varoufakis: ‘Fascism is darkening our doorsteps’
Former Greek finance minister and economist Yanis Varoufakis has warned that fascism is re-surging in global politics, with extremist ideas gaining influence even in countries where the far-right is not in power.
WHAT'S NEW
No ‘passengers’: AUKUS pulls Australia into Trump’s war on Iran
Australia’s AUKUS agreement has dragged the country into the Trump administration’s war on Iran with Prime Minister Anthony Albanese accused of obfuscating the country’s involvement.
WHAT'S NEW
Economists warn war will push up energy bills unless Australia ends gas giveaway
Economists are warning the Albanese Government must act immediately to end “Australia’s enormous gas giveaway” as households begin to see – and feel – the economic fallout of war in the Middle East.
WHAT'S NEW
Why is the war pushing energy prices up? Australia has plenty of gas, there is no shortage.
By simply diverting uncontracted gas to the domestic market before it is exported, and putting a 25% tax on the contracted export gas to bring some much needed revenue back to Australians, it would also reveal something the gas industry rarely acknowledges: Australia does not have a gas shortage problem. It has a gas export problem.
WHAT'S NEW
Make it make sense: Pay to see the Twelve Apostles, but gas companies drill for gas and dump right beside them tax free?
Visitors to the Twelve Apostles along Victoria’s Great Ocean Road will soon be asked to pay an entry fee, with the Vic State Government arguing it’s ‘only fair’ that visitors contribute to maintaining one of Australia’s most visited natural landmarks.
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