Speaker 1: From The Daily Os. I'm Lucy Tussel, I'm belief, it's Simon's.
Speaker 1: It's Monday, the thirteenth of October. Here's what's making headlines receiveing.
Speaker 2: The government has announced it will seek to establish a
Speaker 2: forty percent tax rate for superannuation balances over ten million
Speaker 2: dollars held by about eight thousand Australians. The move is
Speaker 2: a new change to its proposed superannuation tax policy, which
Speaker 2: still needs to pass Parliament. The government had initially proposed
Speaker 2: for the new tax rates to apply to unrealized capital gains. However,
Speaker 2: it will now only apply to realized earnings. Unrealized capital
Speaker 2: gains are where you are taxed for the value of
Speaker 2: a long term investment like a property, even if it
Speaker 2: isn't a real time earning like a salary. Other elements
Speaker 2: of the proposal remain unchanged, including taxing superbalances above three
Speaker 2: million dollars at a rate of thirty percent. The changes
Speaker 2: are set to come into effect in July next year,
Speaker 2: if passed by Parliament. It comes after the government's initial
Speaker 2: draft of its superannuation legislation was criticized by industry experts.
Speaker 1: Victoria Police has announced a restructure that we'll see a
Speaker 1: reduction of those on the executive team and thousands more
Speaker 1: police diverted to the front line to tackle or rise
Speaker 1: in crime. In a statement, the organization said it wants
Speaker 1: to quote free up police from administrative burden and give
Speaker 1: them more time on the streets where they can stop
Speaker 1: offending before it happens. It added that officers are currently
Speaker 1: required to spend too much time doing paperwork when they
Speaker 1: should be quote back on the streets. Victoria's Chief Police Commissioner,
Speaker 1: Mike Bush, said, we have a crime problem here in Victoria.
Speaker 1: There is no escaping this fact. The levels of offending
Speaker 1: we are seeing in our community are entirely unacceptable.
Speaker 2: US President Donald Trump has flown to Israel to address
Speaker 2: the country's parliament, to the Kanesset. As Hamas and Israel
Speaker 2: exchanged twenty living hostage and close to two thousand prisoners
Speaker 2: and detainees. Israel said that as soon as the hostages
Speaker 2: left Gaza, it would begin releasing the prisoners and detainees.
Speaker 2: The exchange is part of the first phase of the
Speaker 2: Trump led peace Plan, which has also seen Israeli troops
Speaker 2: retreat to an agreed line in Gaza as humanitarian aid enters.
Speaker 2: Trump is also set to meet with the hostages families
Speaker 2: later tonight Australian time, before he becomes the fourth US
Speaker 2: president to address the Kannesse. The US, Israel's closest ally
Speaker 2: has been heavily involved in ceasefire and peace negotiations since
Speaker 2: October twenty twenty three, with Israeli Prime Minister Benjamin and
Speaker 2: Yahou nominating Trump for the twenty twenty six Nobel Peace
Speaker 2: Prize earlier this year.
Speaker 1: And today's good news, Australia has continued its unbeaten run
Speaker 1: at the Women's Cricket World Cup. The Aussie women's cricket
Speaker 1: team beat India by three wickets in Visaka, Putnam, setting
Speaker 1: a new record for the highest successful run chase in
Speaker 1: women's one day cricket. Captain Elissa Heally recorded her first
Speaker 1: century as skipp art to help Australia over the line.
Speaker 1: The win continues a strong start to Australia's campaign for
Speaker 1: an eighth World Cup title. The side has had victories
Speaker 1: over New Zealand and Pakistan, while the match against Sri
Speaker 1: Lanka was abandoned due to wet weather. Australia has three
Speaker 1: more group stage matches remaining Heely's side will take on
Speaker 1: Bangladesh on Thursday, before matches against England and South Africa
Speaker 1: next week.
Speaker 2: That's the latest from the dally oz newsroom. If you're
Speaker 2: looking for something else to listen to, check out today's
Speaker 2: podcast on how one man allegedly started the La fires.
Speaker 2: It is so interesting.
Speaker 1: We'll be back tomorrow morning with another deep dive where
Speaker 1: we're looking into the quantas Hak. Until then, have a
Speaker 1: great evening. My name is Lily Maddon and I'm a
Speaker 1: proud Aranda Bunjelung Kalkotin woman from gadigh Country. The Daily
Speaker 1: oz acknowledges that this podcast is recorded on the lands
Speaker 1: of the Gadighl people and pays respect to all Aboriginal
Speaker 1: and Torres Strait Island and nations. We pay our respects
Speaker 1: to the first peoples of these countries, both past and present.