u/VastOption8705

Greens leader Larissa Waters and treasury spokesman Senator Nick McKim ….. pressing for grandfathering protections on existing assets to be wound back, particularly on negative gearing.

Their starting position is the elimination of the CGT discount entirely, with no exemptions for existing assets. They are also pushing for any CGT discount under the new scheme to be capped at 50%, preventing scenarios where the inflation-linked model produces a higher effective discount.

Instead of returning a simple list of links, Google Search will drop users into AI-powered interactive experiences at times.

Google is also introducing tools that can dispatch “information agents” to gather information on a user’s behalf, along with tools that let users build personalized mini apps tailored to their needs.

https://www.caselaw.nsw.gov.au/decision/19d94acf31c96d0a9f665047

Health Secretary v Australian Salaried Medical Officers’ Federation (New South Wales) [2026] NSWIC 13

(1) Pursuant to s 139(3)(e) of the Industrial Relations Act 1996 (NSW), the Court imposes on the respondent a penalty of $30,500 for contravening dispute orders made by the Commission on 1 April 2025 in respect of the respondent’s conduct from 2 to 10 April 2025.
…
For context
ASMOF’s members went on strike on 8, 9, and 10 April 2025. ASMOF organised this industrial action from 2 April 2025 and 10 April 2025.

The Health Secretary (the Secretary) seeksan order against ASMOF for contravening dispute orders pursuant to s 139(1) of the Industrial Relations Act 1996 (NSW) (IR Act).

Japan are able to fix a bridge in 2-3 days.

We haven’t even STARTED after months.

This is a joke.

It looks like there's a carve out for boomers and pensioners with the CGT IF they receive any income support.

As long as you receive $1 worth of [age pension] benefits, you’re exempt from this minimum 30 per cent. An elderly couple could still be making 70K a year combined, with 1 mil in assets and still get CGT exemptions.

Younger people saving for a home deposit and investing in shares to build that wealth were “going to cop this minimum 30 per cent tax on their gains, whereas if you receive a part-age pension, you’re exempt from that”, he added.

Source: Budget Paper No. 1

https://preview.redd.it/9t3hlx1h6h2h1.png?width=1377&format=png&auto=webp&s=bad83d524a81a76aa1efc7656eb874c25ac38c2f

https://preview.redd.it/70ovv4mn6h2h1.png?width=1412&format=png&auto=webp&s=10a580667dcf7ba20ddce70d8db120a9b88cceff

I’m feeling a bit unsure. There’s restructuring and off shoring left and right.

Thousands of jobs are being cut from single large companies. Hiring freezes in many places.

60% of people that were in my team are gone

Remember guys, if you get a fine, FIGHT IT as AI isn’t always right.

I have such a big issue with windows updates. It takes so much productivity out.

Firstly. Windows updates don’t always install properly (they fail). If they fail or do something bad, then you have to spend time rolling your system back.

NEXT ISSUE, windows updates needing multiple restarts. “Restart and update”. It still still then says you need to restart again.

Biggest issue: the updates that break something like a critical function or stops things working. It’s like rolling a dice with win 11 updates these days.

It needs to be like MacOS where it’s one install, one and done.

Westpac has told mortgage brokers it will not honour pre-approved investor loans for customers, which would need to be reassessed after the federal government banned negative gearing for existing properties in the budget.

On Wednesday, Australia’s second-largest mortgage lender, emailed its broker network warning them to “set expectations early by clearly discussing [with customers] where the removal of the negative gearing benefit may create a serviceability shortfall in the future”

Mortgage customers seeking an investor loan are expected to have their borrowing capacity reduced because they can no longer factor in savings from negatively gearing a property.

Mortgage brokers expect some customers’ borrowing capacity could be slashed by as much as 20 per cent.

Westpac cautioned brokers against making promises about future lending arrangements. “Do not provide assurances about future tax benefits,” it said. Westpac’s subsidiary St George also sent a similar note to its broker network.

“Conditional approvals will be assessed at unconditional approval using the latest applicable credit policy,” the lender said.

Commonwealth Bank, National Australia Bank, ANZ and ING are reviewing their investor home loan policies.

Instead of looking for capital gains in a big home, what about looking for 3 apartments with decent yield.

Let’s say 3 apartments worth 500-550k each.

The yield on each is around 5.5-6%.

So 72K cash flow annually but only 2% growth capital gains per year.

THEN, live off that rental cash flow once it’s all paid off?

If you have a salary of 250k, it won’t take too long to pay off those units + rent?

IF desperate for cash 20 years down the track, sell one apartment off for 0 tax due to indexing changes?

Let’s say you bought an apartment for 400k. It grew at 2% a year.

You sold it for 538K 15 years later.

When you sell, that means you pay no tax on it at all? No real gains were made?

Bankstown Airport would be redeveloped into a mini-city of 30,000 homes under radical plans being explored by airport operator Aware Super, which has discussed the idea with relevant governments.

The proposal would involve extending the Bankstown metro line – which is due to open later this year – by at least one stop to service the area now occupied by the airport.

Some senior figures in the NSW government are aware of and actively supporting the idea. The government is looking for options for more housing density after its plan to convert the Rosehill Racecourse to a mini-city of 25,000 homes was scuttled by Australian Turf Club members last year.

The federal government, which owns the land, confirmed it was aware of the idea but played it down, stressing Bankstown Airport still plays an important role in aviation, and noting the current master plan does not allow residential development.

The controversial Tax changes

Part 1: dealing with demand and supply

Housing prices dropping = people are willing to pay LESS for land and homes.

If LAND becomes more cheaper (Developers can purchase more land), then we can build more homes with the same amount of money. THUS supply increases.

>Half the reason a new build and home package costs 1 mil is because land itself costs 600K etc.

https://preview.redd.it/oc3o8163a32h1.png?width=1232&format=png&auto=webp&s=1ac16c8e25b84b34d70e82ea9bf77504b93d1245

Part 2: Flow on effect

Higher home valuations was the main mechanism that people used to buy more homes.

HOME EQUITY EXAMPLE

In this example that 200K is essentially a house deposit for a regional home.

If house prices drop and slow, banks will value houses and property lower. That means people can't pull as much equity of their home.

This has already started affecting lending.

https://preview.redd.it/cwch3b4n532h1.png?width=1484&format=png&auto=webp&s=abd6c323391f365ed9d282703b420933ba48ec87

https://preview.redd.it/x810604z432h1.png?width=1608&format=png&auto=webp&s=c127ea07b0f5098a0e02b590fe6eaf56abfda4ba

Putting it all together

Slowing house price growth + reduction in investors = housing affordability for all.

>Mortgage analysts and brokers are tipping a 25 to 40 per cent reduction in investor home loans, as the banks begin tightening lending in response to the federal budget.

...

There's been a lot of fear regarding venture capital. Labor is unlocking 400 mil for R & D for young firms.

>Reforms to the Research and Development (R&D) Tax Incentive will unlock $400 million per year in additional R&D by young firms

>Expanded tax incentives for venture capital.

If you see a cop car and were speeding, just ease off the accelerator. Don’t slam on the brakes like there’s a kid or something.

If you’re doing the speed limit, keep doing that. If you’re under, you’re fine.

Like people don’t need to do 10-15 under just because it’s the cops.

I was driving today and everything was fine until the p plater in front of me slams his break, because he was doing 5 over, then he’s doing 10 under. That is pretty stupid if you ask me. Not the first time I’ve seen people do it as well.

This is a BIG issue with both the democrats and trump. They have insider information that gives them an advantage.

They and their families should not be able to buy stocks.

If you work for a big investment bank or broker, you’re not allowed to buy stocks either.

When I went to China I genuinely sat in some pretty good evs. Like I would buy them if they were for sale. Even visited some show rooms and the prices … well 20k AUD, 13k AUD etc.

It was pretty amazing. Thing is though, those cars were not for sale in Australia.

So yeah, will we ever see 13K AUD EVs in Australia (brand new)? Maybe 10k EVs second hand?

When the inability to negatively gear is accounted for, an investor will see about a 20 per cent reduction in borrowing power, says NSW mortgage broker Alex Veljancevski.

“Under current settings, this borrower can access approximately $750,000 for an investment loan, with negative gearing factored in. Remove negative gearing from the equation, and that same borrower can access approximately $600,000. That is a $150,000 reduction, or a 20 per cent drop in borrowing capacity, despite no change to income, expenses or interest rates,” he explained.

“A 20 per cent reduction in borrowing power is the difference between being able to buy in a suburb you want to invest in and being priced out of it entirely.”