Prime minister defends social media reforms amid US backlash:
Anthony Albanese has pushed back against the Trump administration's "censorship" ...
abc.net.au/news/2026-09-23/federal-politics-albanese-responds-us-criticism-social-media-law/107184528
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| Total Articles | 4 |
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major overhaul of a system considered wrong, corrupt, inadequate, insufficient, unsatisfactory or unsuitable for new uses
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Key FactsAlbanese Expands Tax Relief for Small Businesses
Jun 18, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
- Capital gains tax exemptions will apply to small businesses earning up to AUD 10 million annually, up from the prior AUD 2 million limit.
- Founders and early investors of innovative startups retain a flat 50% CGT discount under the new rules.
- Testamentary trusts will be exempt from the proposed 30% minimum tax on discretionary trusts.
- Business groups and opposition criticize the reforms as a growth deterrent and call for the legislation to be scrapped.
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