Capital gains face minimum 30pc tax, pre-1985 assets roped in

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Psychologists have long focused on treating depression, on making people feel less bad. Shares in Life360 tumbled after the company revealed a series of technical glitches stopped it from reaching its app download targets in the first quarter. A 10-minute set-up for automated deposits and sustainable spending buffers prevent minor financial lapses from derailing long-term prosperity. Markets run on information, but in the age of artificial intelligence, fake news and social media, investors must always question it or risk catastrophic results. It seems the archdiocese is on a selling spree, putting at least its fifth property on the market in the past 12 months. The Western Australian government is now spending more per head of population than debt-ridden Victoria.

The pub king’s latest venue is winning patrons, but has also drawn the attention of the local council and NSW government. The Queensland government has been briefed on the cost to run a gun buyback scheme but is expected to oppose a joint-funding arrangement. Ichthys LNG’s Japanese backers moved the project to the Northern Territory almost two decades ago to escape a similar scheme that captures supply for local use. South of the border, this luxury jungle property thrums with mysterious spirits – and we’re not talking about the 3500-bottle tequila collection. Now some are shifting focus and teaching people how to feel good.

Capital gains face minimum 30pc tax, pre-1985 assets roped in

A battle over how to treat childhood obesity is brewing between two groups who each believe their approach has young people’s best interests at heart. Secretary of State Marco Rubio said the US will consider chronic health conditions and even factors like retirement age as reasons to deny visas. Labor is considering advice to subsidise weight-loss drugs for obese people with heart disease, but doctors say more people need access to cheaper treatments.

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A new report shows domestic violence is widespread among women in their late teens and early twenties. Only a week after the club played a “respect” game for gender equality, new data shows its reliance on revenue that experts say is linked to relationship abuse. The politician is dropping a request for aussie payid pokies documents concerning Richard White’s communications with the former Labor leader’s ex-partner Nathalie Matthews. Camilla said she decided to speak up because domestic violence has been a “taboo subject” for so long that most people don’t realise how bad the situation was.

The reason today’s senior executives are ‘shy’ about ESG is that their efforts have not prevented major scandals. Investors and CEOs say non-financial issues remain a key risk for businesses, but we may have outgrown the phrase ‘environmental, social, governance’. How to balance good governance with financial return for shareholders remains a burning issue when it comes to ESG investing. A top consultant says the government’s Climate Active program is no longer part of corporate decarbonisation plans. But diplomats also pressed the World Health Organisation about how it might cope when its biggest donor exits the UN health agency.

• Its runaway success has helped change global streaming.
• Sydney’s new Western Sydney Airport metro line could use a robot to inspect the cleanliness of trains and check rail tracks for faults.
• The Gina Rinehart-backed rare earths play has secured $230 million from Export Finance Australia and German bank KfW to develop its Nolans project in the NT.
• Beijing’s ambassador to Australia Xiao Qian says Chinese port owner Landbridge shouldn’t be punished by having its lease ended on security grounds.

Climate investors bet on $40m home electrification start-up

Sydney Metro has launched an inquiry into allegations of worker exploitation and a corporate cover-up on the Western Sydney Airport metro project. Big international funds have swung behind a resolution to force the gas company to explain how its NT Beetaloo pipeline project aligns with its green targets. Labor and the Coalition went to the federal election promising to end Chinese ownership of the port.

The Forensic Crash Unit is investigating after a Nissan Navara utility hit the child while turning right onto Toohey Street in Caboolture, Moreton Bay, about 6.47pm yesterday. Anika Wells has repaid $10,116 to the public purse for four taxpayer-funded trips, which included $8093 in expenses and a $2023 penalty.

The treasurer’s fifth budget confirms intentions to put higher taxes on wealth but without reducing income taxes, cutting spending or boosting productivity. Every argument being made now and in the next few weeks could have been made before the last election – and carried. The S&P 500 has added a staggering 16.6 per cent since hitting a wartime low in late March, while the local bourse continues a long slump.

The government will make changes to its selection process to target more educated, higher-skilled and younger migrants. The minimum tax rate rips a key tool of wealth building used by millions of richer Australians and has a particular sting for so-called bucket companies. Changes to negative gearing and tax increases on trusts and capital gains have heralded the end of preferential treatment of asset wealth. Its runaway success has helped change global streaming. Brandon Riegg convinced Netflix and Formula 1 to take a risk on a documentary series on the sport.

If the SERD report did nothing other than highlight the precarious state of Australia’s hard-won prosperity, it would still have performed a valuable service. Indigenous groups are achieving legal victories over new offshore gas developments, creating delays the gas industry didn’t see coming. Beijing’s ambassador to Australia Xiao Qian says Chinese port owner Landbridge shouldn’t be punished by having its lease ended on security grounds. The former prime minister said that when he approved the lease with a Chinese company a decade ago, security agencies had no concerns about the deal. Anthony Albanese has doubled down on an election promise to force the Chinese owners to sell Darwin Port despite warnings Beijing may hit back. A regulator dismissed allegations of a cover-up as “sensationalist rubbish” but the episode has opened the floodgates for multiple attacks against the industry.

Major super funds, banks and financial bodies hope to meet in March to share information about best practice in identifying and preventing financial abuse. The businessman resigned as chairman of Australian Community Media at the weekend after being charged by Victoria Police with assaulting a woman late last week. The disgraced businessman already resigned as executive chairman of Australian Community Media last week. Jasmin Tarasin pitched a film about coercive control, then had to race to keep up with a “groundswell” of philanthropists wanting to support it.

The country’s largest pastoral company has told investors four of its properties are affected, but says it will not be as bad as the 2019 devastation. The Gina Rinehart-backed rare earths play has secured $230 million from Export Finance Australia and German bank KfW to develop its Nolans project in the NT. The US president has been weakened by the war with Iran, but China needs a stable global economy so it can keep exporting its goods and boosting growth at home. Queensland’s only pumped hydro project under construction is delayed, adding further pressure to the state government’s energy plans. Our three tax cuts, instant deduction and the new offset are the equivalent of up to $54 back in the average earner’s pocket each week.

The government is still hanging its hopes on global oil prices declining by mid-way through the year, and stabilisation by the same time in 2027. It is one of few jurisdictions that has agreed to apply new reporting standards only partially, says former super fund chief David Atkin. Major lenders had promised to send bosses to meet traditional owners near Santos’ Barossa gas project. The Swiss-based commodities giant had proposed spinning off the fossil fuel into a separate company but has decided to retain the division. Institutional investors see natural capital as the next force in corporate governance, with big implications for companies growing and selling food. The big investor says it was drawn to the miner’s shift to metallurgical coal and remains committed to net zero by 2050 after buying shares last week.