Zoe Samios

Tradies are sitting idle at the Western Sydney Airport Metro project after a costs dispute between the NSW government and major contractor escalated. The country’s major developers say the lack of tax relief in the Victorian and West Australian budgets has made federal government measures more pressing. Forward bookings are almost “non-existent”, one tourism operator says, as the industry calls on the federal government for relief. Most investors selling property, shares and other assets will pay more tax once the new model to index the cost base of an asset to inflation is bedded down. Over 5300 people at multi-billion dollar software giant Canva’s global workforce have joined the company’s second-ever “AI Discovery Week”.

The government is still hanging its hopes on global oil prices declining by mid-way through the year, and stabilisation by the same time in 2027. It is one of few jurisdictions that has agreed to apply new reporting standards only partially, says former super fund chief David Atkin. Major lenders had promised to send bosses to meet traditional owners near Santos’ Barossa gas project. The Swiss-based commodities giant had proposed spinning off the fossil fuel into a separate company but has decided to retain the division. Institutional investors see natural capital as the next force in corporate governance, with big implications for companies growing and selling food. The big investor says it was drawn to the miner’s shift to metallurgical coal and remains committed to net zero by 2050 after buying shares last week.

The government will make changes to its selection process to target more educated, higher-skilled and younger migrants. The minimum tax rate rips a key tool of wealth building used by millions of richer Australians and has a particular sting for so-called bucket companies. Changes to negative gearing and tax increases on trusts and capital gains have heralded the end of preferential treatment of asset wealth. Its runaway success has helped change global streaming. Brandon Riegg convinced Netflix and Formula 1 to take a risk on a documentary series on the sport.

By April Glover

Psychologists have long focused on treating depression, on making people feel less bad. Shares in Life360 tumbled after the company revealed a series of technical glitches stopped it from reaching its app download targets in the first quarter. A 10-minute set-up for automated deposits and sustainable spending buffers prevent minor financial lapses from derailing long-term prosperity. Markets run on information, but in the age of artificial intelligence, fake news and social media, investors must always question it or risk catastrophic results. It seems the archdiocese is on a selling spree, putting at least its fifth best payid casinos in australia property on the market in the past 12 months. The Western Australian government is now spending more per head of population than debt-ridden Victoria.

The new devices allow punters to place live bets during major sporting events inside Tabcorp’s venues. The Mark Zuckerberg-founded company plans to cut its global workforce by 10 per cent and will cancel around 6000 open positions as Meta offsets its AI spend in a ruthless pursuit of “efficiency”. Bishop reportedly tendered her resignation to the university and Albanese government last night seven months before her tenure was due to expire in December.

A battle over how to treat childhood obesity is brewing between two groups who each believe their approach has young people’s best interests at heart. Secretary of State Marco Rubio said the US will consider chronic health conditions and even factors like retirement age as reasons to deny visas. Labor is considering advice to subsidise weight-loss drugs for obese people with heart disease, but doctors say more people need access to cheaper treatments.

• Bishop reportedly tendered her resignation to the university and Albanese government last night seven months before her tenure was due to expire in December.
• A long battle between Ainsworth Game Technology and Kjerulf Ainsworth, the son of its founder, over a takeover from Novomatic has landed in Federal Court.
• The treasurer’s fifth budget confirms intentions to put higher taxes on wealth but without reducing income taxes, cutting spending or boosting productivity.
• Major investors are increasingly worried about the hype around artificial intelligence stocks driving US markets to repeated records as war boosts inflation.

She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Zoe Samios covers wagering and the business of sport from the AFR’s Sydney newsroom. Emergency services responded to reports of a crash shortly after 7.45 am today, with multiple crews, including a helicopter, now at the scene. Treasurer Jim Chalmers today confirmed the tax break will be officially enshrined in law and will come into effect in time for the 2027 tax season next year. Emergency services were called to Karreman Quarries on West Mount Cotton Road in Sheldon about 2.20pm yesterday following reports a man had been critically injured in a forklift incident. “I wanted to take away this dopamine hit that seems to be dished out no matter whether you win or lose.”

The foundations of the Forrest, Ramsay, Snow and Myer families are donating $30 million to support women in leadership and end domestic assaults. Peter Regan found out the hard way how to strike a good public-private partnership for transport. Sydney’s new Western Sydney Airport metro line could use a robot to inspect the cleanliness of trains and check rail tracks for faults. Daniel Salter wanted to find jobs for army veterans on Victoria’s North East Link project, but he couldn’t open the necessary doors – until he coughed up cash. The Wests Tigers’ travail is a property story through and through.

FEDERAL BUDGET

If the SERD report did nothing other than highlight the precarious state of Australia’s hard-won prosperity, it would still have performed a valuable service. Indigenous groups are achieving legal victories over new offshore gas developments, creating delays the gas industry didn’t see coming. Beijing’s ambassador to Australia Xiao Qian says Chinese port owner Landbridge shouldn’t be punished by having its lease ended on security grounds. The former prime minister said that when he approved the lease with a Chinese company a decade ago, security agencies had no concerns about the deal. Anthony Albanese has doubled down on an election promise to force the Chinese owners to sell Darwin Port despite warnings Beijing may hit back. A regulator dismissed allegations of a cover-up as “sensationalist rubbish” but the episode has opened the floodgates for multiple attacks against the industry.

A new report shows domestic violence is widespread among women in their late teens and early twenties. Only a week after the club played a “respect” game for gender equality, new data shows its reliance on revenue that experts say is linked to relationship abuse. The politician is dropping a request for documents concerning Richard White’s communications with the former Labor leader’s ex-partner Nathalie Matthews. Camilla said she decided to speak up because domestic violence has been a “taboo subject” for so long that most people don’t realise how bad the situation was.

Meet Perceval, the robot dog who could inspect Metro tracks in Sydney

Major super funds, banks and financial bodies hope to meet in March to share information about best practice in identifying and preventing financial abuse. The businessman resigned as chairman of Australian Community Media at the weekend after being charged by Victoria Police with assaulting a woman late last week. The disgraced businessman already resigned as executive chairman of Australian Community Media last week. Jasmin Tarasin pitched a film about coercive control, then had to race to keep up with a “groundswell” of philanthropists wanting to support it.

Under the Coalition, developers were offered financing to build major fuel stores. It is important to recognise that the problem demands year-round dedication, comprehensive strategies, and multi-faceted interventions. There are the men who perpetrate financial abuse, but there are also the platforms which have for too long been unprepared to confront the damage they facilitate.