WEBVTT - Government releases ‘widow’s tax’ fix

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<v Speaker 1>Treasury has released draft legislation to avoid suggestions changes in

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<v Speaker 1>this year's budget brought about a widow's tax. The legislation

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<v Speaker 1>is now subject to a two week consultation period and

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<v Speaker 1>ensures people that a widow, divorced or victims of domestic

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<v Speaker 1>violence are not disadvantaged by the tax changers. So under

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<v Speaker 1>initial proposed changes to CGT negative gearing, inherited property would

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<v Speaker 1>not have been eligible for tax exemptions if it changed

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<v Speaker 1>hands because they weren't new bills. The opposition claims the

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<v Speaker 1>government is now trying to clean up a mess of

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<v Speaker 1>its own making. A former advisor to Anthony Albanesi is

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<v Speaker 1>accusing the government of deprioritizing economic growth. Alex Sanchez a

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<v Speaker 1>senior economic advisor to the Prime Minister between twenty nineteen

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<v Speaker 1>and twenty twenty four, so he is there a while.

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<v Speaker 1>He says the current regime is undoing economic ground work

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<v Speaker 1>laid by the Hawk and Keating governments. He pointed to

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<v Speaker 1>a lack of growth based reform, adding he had issues

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<v Speaker 1>finding colleagues who shared his enthusiasm for it. Mister Sanchez

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<v Speaker 1>added current economic conditions should result in far stronger budgets.

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<v Speaker 1>NAB has issued a bleak forecast for Australia's housing market,

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<v Speaker 1>with the Major Bank expecting prices to fall by as

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<v Speaker 1>much as ten percent in some areas, while the Bank

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<v Speaker 1>expects median dwelling values in Sydney and Melbourne to fall

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<v Speaker 1>by as much as ten percent. Mid sized capitals could

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<v Speaker 1>see falls a little less than that, between two percent

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<v Speaker 1>and four percent, but still falling. NAB says property prices

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<v Speaker 1>in almost every mainland capital are now in retreat and

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<v Speaker 1>the declines are accelerating. Meanwhile, analytics group SQM has recorded

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<v Speaker 1>a one point six percent rise in distressed property listings nationwide,

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<v Speaker 1>the first annual increase since twenty twenty three. It's despite

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<v Speaker 1>the Acting Prime Minister Richard Marles yesterday downplaying the concerns

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<v Speaker 1>of rising amounts of negative equity for those first home

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<v Speaker 1>buyers who picked up the five percent deposit scheme, after

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<v Speaker 1>the Coalition claimed that number could be as high as

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<v Speaker 1>thirty four thousand. Mass surgery cancelations loom in Victoria as

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<v Speaker 1>doctors and the state prepare to walk off the job

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<v Speaker 1>next Thursday. Strike would be the first strike in more

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<v Speaker 1>than two decades after talks between the unions and the

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<v Speaker 1>state government stalled. Workers are seeking a thirty percent pay

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<v Speaker 1>rise over four years. The strike will affect the Royal Melbourne,

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<v Speaker 1>Royal Children's and Royal Women's Hospitals. Russia has been accused

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<v Speaker 1>of a war crime by Ukraine after a street vendor

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<v Speaker 1>was storked and then attacked by a drone. This is

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<v Speaker 1>chilling footage this, we can see it here. The man

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<v Speaker 1>is running, literally running for his life and he ended

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<v Speaker 1>up suffering shrapnel wounds too, concussion and shock from that attack.

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<v Speaker 1>And it was shared by the Ukrainian President of Voladimir

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<v Speaker 1>Zelinsky on telegram where he claims Russian soldiers are enjoying

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<v Speaker 1>the killings. The Russia's Defense Ministry is yet to provide

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<v Speaker 1>any type of comment on this just at this stage,

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<v Speaker 1>but you can imagine how scary that would be. The

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<v Speaker 1>fifty two year old vegetable vendor named Yuri explained the

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<v Speaker 1>horror of being chased trying to convince the drone of

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<v Speaker 1>his innocence. My wife started running and it begun turning

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<v Speaker 1>at us. I was trying to show it. Look, it's

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<v Speaker 1>just vegetables, there's nothing here. But then it started coming

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<v Speaker 1>straight at me. So I started running. But where he's

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<v Speaker 1>supposed to run to a bomb shelter. It's terrifying, of course,

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<v Speaker 1>it's just it's terrifying.