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Treasurer Jim Chalmers today confirmed the tax break will be officially enshrined in law and will come into effect in time for the 2027 tax season next year. The Mark Zuckerberg-founded company plans to cut its global workforce by 10 per cent and will cancel around 6000 open positions as Meta offsets its AI spend in a ruthless pursuit of “efficiency”. James Susler, a business owner and contestant on season eight of the reality show, only opened his Chery Melbourne City dealership five days ago. 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. Stay in the know on news that matters to you with twice weekly newsletters from The Senior. Smart property news for Newcastle
- The Viva Energy oil refinery in Geelong, Victoria suffered damage in an explosive fire which began about 11pm yesterday, with production output expected to be slashed to “minimum rates” following the blaze.
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- Heavyweight investors including Allan Gray and Spheria Asset Management say they will vote against the proposal from the company’s largest shareholder.
Crisis support services are so stretched that some victims never receive a response, an expert review has told the government. On Friday, the national cabinet will consider urgent responses to violence against women and children, following a review delivered in August. 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.
Tangalooma Island Resort
The Sydney pokies and pub billionaire has fought off a legal challenge that tried to reduce the number of gaming machines in two of his Alice Springs hotels. States and territories will review information-sharing systems and alcohol laws under an agreement for urgent action. There are the men who perpetrate financial abuse, but there are also the platforms which have for too long been unprepared to confront the damage they facilitate. Only a week after the real money payid pokies in australia club played a “respect” game for gender equality, new data shows its reliance on revenue that experts say is linked to relationship abuse.
Changes to negative gearing and tax increases on trusts and capital gains have heralded the end of preferential treatment of asset wealth. Revelations that gambling companies have been spending millions on R&D tax credits have come as a surprise to some senior figures in Labor. Kjerulf Ainsworth, son of poker machine billionaire Len who founded Ainsworth Game Technology, wants a say in the company’s future. The ASX-listed company hasn’t told shareholders.
The unique Christmas or birthday present you’ve been looking for. Switch to cruise mode to enjoy a Brisbane activity like no other – a day trip to Tangalooma! With heaps of tours and activities on offer, Tangalooma is the jewel of Moreton Bay and islands. Protected and treasured, this is nature’s theme park where amazing natural encounters are just part of the everyday experience.
Plans by Crown Resorts to a spin-off of five hotels into a new trust would create a listed vehicle holding about $2 billion worth of property. James Packer could boost his stake in Crown Resorts by up to $1.7 billion if investors back a break-up of the casino group. Act fast if you’ve had your personal or financial information stolen.
The bank had attempted to sell the investments platform, but could not find a buyer at an acceptable price, instead merging it with its Asgard business. The annual wages and salaries bill for government sector workers are forecast to plateau at about $32.6 billion in 2030. Energy Minister Chris Bowen will drastically scale back subsidies for green hydrogen programs as the government ploughs funds into its petrol and diesel stocks. 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.
Kjerulf Ainsworth has made the move to stop an off-market takeover by major shareholder Novomatic. Documents show executives at the gaming machines giant were paid $15 million by its billionaire founder shortly after he offloaded his 53 per cent stake. Emergency services responded to reports of a crash shortly after 7.45 am today, with multiple crews, including a helicopter, now at the scene.
The disgraced businessman already resigned as executive chairman of Australian Community Media last week. 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. 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. A government with a massive parliamentary majority, an opposition in disarray and no election imminent.
Hedge fund giant lashes Ainsworth deal
Treasurer Jim Chalmers says the changes will make the system fairer and help young people get into the property market. A strategic review is infuriating some investors. Read everything that’s happened in the news so far today. The son of the company’s billionaire founder has commissioned valuations that he says show properties owned by the business are worth 40 per cent more. Heavyweight investors including Allan Gray and Spheria Asset Management say they will vote against the proposal from the company’s largest shareholder.
Look at the companies whose shares have hit all-time highs this week and what do you see? The Australian Financial Review ESG Summit 2025, where Australia’s top leaders shape the future of responsible business in an era of rising scrutiny and accountability. 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. Australian Institute of Company Directors chair Naomi Edwards says the business community could live with annual elections of directors. How to balance good governance with financial return for shareholders remains a burning issue when it comes to ESG investing.
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Major investors are increasingly worried about the hype around artificial intelligence stocks driving US markets to repeated records as war boosts inflation. The Dutch trading giant’s local offshoot grew profits by 50 per cent in 2025 as high volatility across financial markets offered ample trading opportunities. No major investment house has recommended clients sell positions in the embattled health stock despite repeated disappointments and executive departures. The $59.3 million valuation of the copyright was based on Deloitte estimates, but tax authorities have claimed it should have been closer to just $4 million.
If I lived here I’d be going every week for sure. Inside, calming rooms, a nurturing day spa, indoor bath house, and dining harnessing fresh, seasonal flavours complete the experience. Ladbrokes has withdrawn a betting product offering instant online wagers on live sports because of the Coalition government crackdown on the service. James Packer’s Crown Resorts will split its international business off from its Australian operations. James Packer’s Crown Resorts will split its international business off from its Australian operations