Australian politics live: Marles defends Isaac Herzog visit and says he is ‘confident’ in security arrangements | Australia news
important events
What is capital gains tax relief?
Capital gains tax relief is a topic we’ll likely continue to hear and talk about, so let’s take a quick look at what it actually is.
Capital gains tax is a tax on the profit you make when you sell an asset that has increased in value, including property or shares.
Labor introduced CGT in 1985 and John Howard then introduced the reduction in 1999.
The result was a massive boom in existing housing investment.
Daisy Dumas
NT town of Daly River evacuated due to flooding
An emergency declaration forced the evacuation of the entire Northern Territory town as major flooding threatened the area.
About 450 residents of the Daly River in the NT are being evacuated after the Bureau of Meteorology yesterday issued a major flood warning for the Daly River, which runs through the town of the same name.
Support david moore He told reporters yesterday that an emergency declaration was in effect and water levels were likely to rise above 14 metres.
“Evacuations are always our last resort,” he said, adding that safety is the priority.
He said residents had been moved to emergency shelter in Darwin.
Moderate flooding was expected on Wednesday evening, and major flooding is expected over the weekend.
According to the bureau, the water level at the Daly River outpost as of 11:45 local time on Wednesday was 12.74 meters.
Government downplays reports of capital gains tax change
It’s time to make rules, to weed out the gamers, and this time we’re talking about capital gains tax breaks.
You may remember reporting in the Financial Review yesterday that the government was considering changes. At the same time, a Greens-led inquiry is also examining the current environments around the CGT and will take its findings and recommendations to the government.
Now speaking to ABC News Breakfast, Marles says “the tax regulations on our housing policies have not changed.”
Governments like to use the phrase “our policies have not changed” because it means they are not changing now; This does not completely close the door on any future change, but it also tempers expectations for future change.
But Marles acknowledges there are intergenerational challenges around housing.
Asked point blank about whether the government will ignore capital gains tax changes, Marles says:
What I have said, what I will continue to say, and what other ministers have said when asked this question is; Our position is clear on housing policy and there has been no change to that, our strategy on dealing with intergenerational challenges, including tax regulations, our strategy on dealing with housing affordability is very much on the supply side and seeing more homes being built.
Husic says he has ‘deep concerns’ about Herzog visit
One of the biggest critics of Herzog’s visit to Australia this week is a Labor MP. Ed Husic.
Husic, a vocal critic of Israel’s actions in Gaza, told the Full Story podcast yesterday that he had “deep concerns” about the visit.
It’s really hard for me to reconcile his vision of bombing Palestinian homes with his concept of social harmony.
In the Sky News interview, Marles was asked directly about Husic’s concerns but dodged the question, saying Herzog’s visit was “important” in the context of the Bondi terror attack.
Chris SidotiThe commissioner, who is a member of the UN investigation commission on the occupied Palestinian territories and Israel, also called on the Albanian government to withdraw the invitation.
Deputy Prime Minister says Herzog will be ‘welcome and honored guest’
The government defended its invitation to the Israeli president. Isaac HerzogHe will come to Australia next week despite opposition from Labour’s own base.
Richard Marles He is charged with media tours of the federal press gallery this morning.
He told Sky News that the president, who had been formally invited by the Prime Minister and the governor-general, would be a “welcome guest”.
He will be a welcome and honored guest and this is in the context of the aftermath of the Bondi massacre. What the Israeli President’s presence here will mean for the Jewish community in Australia is very significant in terms of security. Frankly, when President Herzog visits, we will provide all necessary security as we would any visiting dignitary, and I am quite confident in the security arrangements that will be put in place.
In NSW, state police have extended restrictions on protests ahead of the visit, but some groups say they will still go ahead with plans to march against the Israeli president.
Good morning
Krishani Dhanji
Krishani Dhanji We are with you on the last session day of the week.
Minister of Defense and Deputy Prime Minister Richard MarlesHe’s been on the hot seat this morning during the media rounds after yesterday announcing the sale of billions of dollars’ worth of defense properties. But this morning he is being pushed by the upcoming visit of the Israeli president. Isaac HerzogIt will arrive in Australia next week.
And the capital gains tax concession conversation continues, we’ll bring you more on that shortly.
Stay with us, today will be another busy day!
