1 00:00:05,519 --> 00:00:08,799 Speaker 1: From The Daily Os. I'm Lucy Tussel, I'm belief, it's Simon's. 2 00:00:08,920 --> 00:00:12,479 Speaker 1: It's Monday, the thirteenth of October. Here's what's making headlines receiveing. 3 00:00:14,320 --> 00:00:16,880 Speaker 2: The government has announced it will seek to establish a 4 00:00:16,920 --> 00:00:20,600 Speaker 2: forty percent tax rate for superannuation balances over ten million 5 00:00:20,640 --> 00:00:24,720 Speaker 2: dollars held by about eight thousand Australians. The move is 6 00:00:24,760 --> 00:00:28,520 Speaker 2: a new change to its proposed superannuation tax policy, which 7 00:00:28,560 --> 00:00:32,760 Speaker 2: still needs to pass Parliament. The government had initially proposed 8 00:00:32,840 --> 00:00:36,879 Speaker 2: for the new tax rates to apply to unrealized capital gains. However, 9 00:00:36,920 --> 00:00:41,000 Speaker 2: it will now only apply to realized earnings. Unrealized capital 10 00:00:41,040 --> 00:00:43,640 Speaker 2: gains are where you are taxed for the value of 11 00:00:43,680 --> 00:00:47,080 Speaker 2: a long term investment like a property, even if it 12 00:00:47,159 --> 00:00:50,839 Speaker 2: isn't a real time earning like a salary. Other elements 13 00:00:50,840 --> 00:00:55,480 Speaker 2: of the proposal remain unchanged, including taxing superbalances above three 14 00:00:55,520 --> 00:00:58,840 Speaker 2: million dollars at a rate of thirty percent. The changes 15 00:00:58,840 --> 00:01:01,080 Speaker 2: are set to come into effect in July next year, 16 00:01:01,280 --> 00:01:04,840 Speaker 2: if passed by Parliament. It comes after the government's initial 17 00:01:04,920 --> 00:01:09,360 Speaker 2: draft of its superannuation legislation was criticized by industry experts. 18 00:01:11,959 --> 00:01:15,120 Speaker 1: Victoria Police has announced a restructure that we'll see a 19 00:01:15,160 --> 00:01:19,000 Speaker 1: reduction of those on the executive team and thousands more 20 00:01:19,040 --> 00:01:22,080 Speaker 1: police diverted to the front line to tackle or rise 21 00:01:22,120 --> 00:01:25,160 Speaker 1: in crime. In a statement, the organization said it wants 22 00:01:25,160 --> 00:01:28,360 Speaker 1: to quote free up police from administrative burden and give 23 00:01:28,400 --> 00:01:30,280 Speaker 1: them more time on the streets where they can stop 24 00:01:30,360 --> 00:01:33,760 Speaker 1: offending before it happens. It added that officers are currently 25 00:01:33,800 --> 00:01:36,840 Speaker 1: required to spend too much time doing paperwork when they 26 00:01:36,880 --> 00:01:40,679 Speaker 1: should be quote back on the streets. Victoria's Chief Police Commissioner, 27 00:01:40,760 --> 00:01:43,640 Speaker 1: Mike Bush, said, we have a crime problem here in Victoria. 28 00:01:43,920 --> 00:01:46,600 Speaker 1: There is no escaping this fact. The levels of offending 29 00:01:46,600 --> 00:01:49,400 Speaker 1: we are seeing in our community are entirely unacceptable. 30 00:01:51,880 --> 00:01:55,040 Speaker 2: US President Donald Trump has flown to Israel to address 31 00:01:55,080 --> 00:01:58,400 Speaker 2: the country's parliament, to the Kanesset. As Hamas and Israel 32 00:01:58,480 --> 00:02:02,200 Speaker 2: exchanged twenty living hostage and close to two thousand prisoners 33 00:02:02,200 --> 00:02:05,320 Speaker 2: and detainees. Israel said that as soon as the hostages 34 00:02:05,440 --> 00:02:08,760 Speaker 2: left Gaza, it would begin releasing the prisoners and detainees. 35 00:02:09,120 --> 00:02:11,320 Speaker 2: The exchange is part of the first phase of the 36 00:02:11,360 --> 00:02:14,600 Speaker 2: Trump led peace Plan, which has also seen Israeli troops 37 00:02:14,720 --> 00:02:18,639 Speaker 2: retreat to an agreed line in Gaza as humanitarian aid enters. 38 00:02:19,040 --> 00:02:21,760 Speaker 2: Trump is also set to meet with the hostages families 39 00:02:21,840 --> 00:02:25,560 Speaker 2: later tonight Australian time, before he becomes the fourth US 40 00:02:25,600 --> 00:02:29,720 Speaker 2: president to address the Kannesse. The US, Israel's closest ally 41 00:02:30,080 --> 00:02:33,600 Speaker 2: has been heavily involved in ceasefire and peace negotiations since 42 00:02:33,639 --> 00:02:37,000 Speaker 2: October twenty twenty three, with Israeli Prime Minister Benjamin and 43 00:02:37,040 --> 00:02:40,320 Speaker 2: Yahou nominating Trump for the twenty twenty six Nobel Peace 44 00:02:40,360 --> 00:02:41,840 Speaker 2: Prize earlier this year. 45 00:02:44,280 --> 00:02:47,960 Speaker 1: And today's good news, Australia has continued its unbeaten run 46 00:02:48,040 --> 00:02:50,919 Speaker 1: at the Women's Cricket World Cup. The Aussie women's cricket 47 00:02:50,919 --> 00:02:54,960 Speaker 1: team beat India by three wickets in Visaka, Putnam, setting 48 00:02:55,000 --> 00:02:57,720 Speaker 1: a new record for the highest successful run chase in 49 00:02:57,760 --> 00:03:01,280 Speaker 1: women's one day cricket. Captain Elissa Heally recorded her first 50 00:03:01,280 --> 00:03:04,000 Speaker 1: century as skipp art to help Australia over the line. 51 00:03:04,240 --> 00:03:07,200 Speaker 1: The win continues a strong start to Australia's campaign for 52 00:03:07,240 --> 00:03:10,160 Speaker 1: an eighth World Cup title. The side has had victories 53 00:03:10,200 --> 00:03:13,120 Speaker 1: over New Zealand and Pakistan, while the match against Sri 54 00:03:13,200 --> 00:03:16,840 Speaker 1: Lanka was abandoned due to wet weather. Australia has three 55 00:03:16,880 --> 00:03:20,160 Speaker 1: more group stage matches remaining Heely's side will take on 56 00:03:20,200 --> 00:03:23,959 Speaker 1: Bangladesh on Thursday, before matches against England and South Africa 57 00:03:24,040 --> 00:03:24,600 Speaker 1: next week. 58 00:03:25,000 --> 00:03:27,720 Speaker 2: That's the latest from the dally oz newsroom. If you're 59 00:03:27,760 --> 00:03:30,520 Speaker 2: looking for something else to listen to, check out today's 60 00:03:30,520 --> 00:03:34,480 Speaker 2: podcast on how one man allegedly started the La fires. 61 00:03:34,560 --> 00:03:36,000 Speaker 2: It is so interesting. 62 00:03:36,200 --> 00:03:38,560 Speaker 1: We'll be back tomorrow morning with another deep dive where 63 00:03:38,560 --> 00:03:41,600 Speaker 1: we're looking into the quantas Hak. Until then, have a 64 00:03:41,640 --> 00:03:46,560 Speaker 1: great evening. My name is Lily Maddon and I'm a 65 00:03:46,560 --> 00:03:51,320 Speaker 1: proud Aranda Bunjelung Kalkotin woman from gadigh Country. The Daily 66 00:03:51,400 --> 00:03:54,440 Speaker 1: oz acknowledges that this podcast is recorded on the lands 67 00:03:54,440 --> 00:03:57,680 Speaker 1: of the Gadighl people and pays respect to all Aboriginal 68 00:03:57,760 --> 00:04:00,680 Speaker 1: and Torres Strait Island and nations. We pay our respects 69 00:04:00,840 --> 00:04:03,880 Speaker 1: to the first peoples of these countries, both past and present.