WEBVTT - Headlines: Govt changes proposed super bill

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<v Speaker 1>From The Daily Os. I'm Lucy Tussel, I'm belief, it's Simon's.

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<v Speaker 1>It's Monday, the thirteenth of October. Here's what's making headlines receiveing.

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<v Speaker 2>The government has announced it will seek to establish a

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<v Speaker 2>forty percent tax rate for superannuation balances over ten million

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<v Speaker 2>dollars held by about eight thousand Australians. The move is

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<v Speaker 2>a new change to its proposed superannuation tax policy, which

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<v Speaker 2>still needs to pass Parliament. The government had initially proposed

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<v Speaker 2>for the new tax rates to apply to unrealized capital gains. However,

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<v Speaker 2>it will now only apply to realized earnings. Unrealized capital

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<v Speaker 2>gains are where you are taxed for the value of

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<v Speaker 2>a long term investment like a property, even if it

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<v Speaker 2>isn't a real time earning like a salary. Other elements

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<v Speaker 2>of the proposal remain unchanged, including taxing superbalances above three

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<v Speaker 2>million dollars at a rate of thirty percent. The changes

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<v Speaker 2>are set to come into effect in July next year,

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<v Speaker 2>if passed by Parliament. It comes after the government's initial

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<v Speaker 2>draft of its superannuation legislation was criticized by industry experts.

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<v Speaker 1>Victoria Police has announced a restructure that we'll see a

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<v Speaker 1>reduction of those on the executive team and thousands more

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<v Speaker 1>police diverted to the front line to tackle or rise

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<v Speaker 1>in crime. In a statement, the organization said it wants

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<v Speaker 1>to quote free up police from administrative burden and give

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<v Speaker 1>them more time on the streets where they can stop

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<v Speaker 1>offending before it happens. It added that officers are currently

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<v Speaker 1>required to spend too much time doing paperwork when they

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<v Speaker 1>should be quote back on the streets. Victoria's Chief Police Commissioner,

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<v Speaker 1>Mike Bush, said, we have a crime problem here in Victoria.

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<v Speaker 1>There is no escaping this fact. The levels of offending

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<v Speaker 1>we are seeing in our community are entirely unacceptable.

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<v Speaker 2>US President Donald Trump has flown to Israel to address

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<v Speaker 2>the country's parliament, to the Kanesset. As Hamas and Israel

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<v Speaker 2>exchanged twenty living hostage and close to two thousand prisoners

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<v Speaker 2>and detainees. Israel said that as soon as the hostages

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<v Speaker 2>left Gaza, it would begin releasing the prisoners and detainees.

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<v Speaker 2>The exchange is part of the first phase of the

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<v Speaker 2>Trump led peace Plan, which has also seen Israeli troops

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<v Speaker 2>retreat to an agreed line in Gaza as humanitarian aid enters.

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<v Speaker 2>Trump is also set to meet with the hostages families

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<v Speaker 2>later tonight Australian time, before he becomes the fourth US

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<v Speaker 2>president to address the Kannesse. The US, Israel's closest ally

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<v Speaker 2>has been heavily involved in ceasefire and peace negotiations since

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<v Speaker 2>October twenty twenty three, with Israeli Prime Minister Benjamin and

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<v Speaker 2>Yahou nominating Trump for the twenty twenty six Nobel Peace

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<v Speaker 2>Prize earlier this year.

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<v Speaker 1>And today's good news, Australia has continued its unbeaten run

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<v Speaker 1>at the Women's Cricket World Cup. The Aussie women's cricket

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<v Speaker 1>team beat India by three wickets in Visaka, Putnam, setting

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<v Speaker 1>a new record for the highest successful run chase in

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<v Speaker 1>women's one day cricket. Captain Elissa Heally recorded her first

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<v Speaker 1>century as skipp art to help Australia over the line.

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<v Speaker 1>The win continues a strong start to Australia's campaign for

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<v Speaker 1>an eighth World Cup title. The side has had victories

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<v Speaker 1>over New Zealand and Pakistan, while the match against Sri

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<v Speaker 1>Lanka was abandoned due to wet weather. Australia has three

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<v Speaker 1>more group stage matches remaining Heely's side will take on

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<v Speaker 1>Bangladesh on Thursday, before matches against England and South Africa

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<v Speaker 1>next week.

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<v Speaker 2>That's the latest from the dally oz newsroom. If you're

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<v Speaker 2>looking for something else to listen to, check out today's

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<v Speaker 2>podcast on how one man allegedly started the La fires.

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<v Speaker 2>It is so interesting.

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<v Speaker 1>We'll be back tomorrow morning with another deep dive where

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<v Speaker 1>we're looking into the quantas Hak. Until then, have a

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<v Speaker 1>great evening. My name is Lily Maddon and I'm a

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<v Speaker 1>proud Aranda Bunjelung Kalkotin woman from gadigh Country. The Daily

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<v Speaker 1>oz acknowledges that this podcast is recorded on the lands

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<v Speaker 1>of the Gadighl people and pays respect to all Aboriginal

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<v Speaker 1>and Torres Strait Island and nations. We pay our respects

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<v Speaker 1>to the first peoples of these countries, both past and present.