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News from the ABC Australia $250 tax break for millions in 'rebalance' of tax system for workers Labor will raise taxes on investment properties and some trust funds, giving the revenue back to workers with a new $250 tax break under reforms it says will "rebalance" the Australian tax system. Chalmers jumped into the political no-go zone for one clear reason One of the more striking elements from the now well entrenched program of pre-budget leaks is the lack of outrage from the population or even the opposition. CGT changes could see investment shift to shares, budget suggests Investors in stocks will be affected by changes to capital gains tax, but experts say the budget is still likely to see some investment move away from property and into shares. Australia's last baby boomer prime minister becomes King of the Kids Tonight Anthony Albanese becomes the first serving prime minister in decades to take a hammer to the most sacred shibboleth in Australian domestic politics. Negative gearing cut off for existing homes bought after tonight Tax perks that have been used by property investors for decades to maximise profits and offset their losses will be restricted from tonight, in one of the most significant changes to the tax system in years. Your five-minute guide to this year's cost-of-living budget measures Fresh tax cuts, an instant $1,000 tax reduction and cheaper medicines: here's what the federal government's latest budget means for Australians. Find out if you're among the budget's winners or losers In the first full budget since Labor's landslide election victory last year, the government is putting some money back in workers' pockets and increasing taxes on investors. Father allegedly high on 'nangs' in crash that killed daughters, as scuffle erupts outside court A Perth father was allegedly high on 'nangs' during a crash that killed his two daughters, as a scuffle with media erupts at court. The name of this health condition was 'very inaccurate'. Now it's changed Polycystic ovary syndrome (PCOS) has been renamed polyendocrine metabolic ovarian syndrome (PMOS), a move health experts say will lead to faster diagnoses and better treatment for women of all ages. LeBron contemplates potential retirement after NBA playoff exit LeBron James says he has no idea what the future holds after being bounced out of the second round of the NBA playoffs. Duo swindled $6 million from five victims in investment scam, court hears Two men fleeced millions from five victims in a fraudulent property investment scheme, which one victim said had stolen half her superannuation and "ruined" her life. Rankine says he has 'come a long way' since homophobic slur ban After being forced to sit out of last year's finals series thanks to a suspension for a homophobic slur, Izak Rankine is confident he has grown. Property owner says he helped wounded officer after Dezi Freeman shot at police A Porepunkah property owner says he helped a wounded police officer after the fatal shooting when Dezi Freeman killed two Victoria police officers. Pakistan market blast kills at least nine people A blast in a market kills at least nine people as Islamabad blames Kabul for a weekend attack that has left 15 police officers dead. Jacinta Nampijinpa Price leads emotional tributes for Kumanjayi Little Baby Senator Jacinta Nampijinpa Price weeps through an impassioned tribute to her niece, Kumanjayi Little Baby, in federal parliament, amid a push to broaden the focus of an inquiry announced in the wake of her alleged murder. Skipper keen to refloat yacht beached at Byron Bay and avoid $20K fine The clock is ticking for a skipper scrambling to avoid a hefty fine by refloating a yacht beached at Byron Bay. Man charged with son's murder offered to plead guilty to lesser charge, court hears Reinhardt Bosch has been charged with the murder and torture of his son Rhuan in 2022, and offered to plead guilty to the lesser charge of manslaughter, a court has heard. Coroner reopens Jayden Penno-Tompsett inquest after remains found The New South Wales man's remains were found in the Queensland bush last October, years after an inquest determined his death was not suspicious. Lake Cargelligo gunman died 'very shortly after' triple murder NSW Police focused the search for triple murderer Julian Ingram based on sightings by the public, but his body was found between the two major search areas. 'Terrible conversation': Smith opens up on call to sack childhood coach Cameron Smith is leaving no stone unturned in his bid to correct his recent form slump, even if that means parting ways with someone he considers a friend. News from the BBC World Service At a glance: Starmer grapples with leadership crisis The prime minister is fighting to stay on in No 10 as heavy election losses trigger a Labour revolt. BBC unmasks key people smuggler in network behind most small boat crossings The 28-year-old Iraqi Kurd has evaded arrest by operating under the alias “Kardo Ranya”. Green Party admits Polanski may have failed to pay council tax The Green Party admits that its leader has, until recently, been living on a houseboat in London and may have failed to pay council tax. How driving test booking is changing for learner drivers From 12 May, only learner drivers can book their own tests, not instructors. No sign of larger hantavirus outbreak, says UN health agency The situation could still change and there might be more confirmed cases, warns the head of the World Health Organization. US in closely guarded talks to open new bases in Greenland It is seeking to open three bases in the south of the Arctic territory, according to multiple officials familiar with the talks. Pakistan struck a rehab centre and killed 269 Afghans. Their families want to know why There are calls to investigate the 16 March airstrike - which the UN says likely killed more - as a war crime. How the Trump-Xi summit could set superpower relations for many years to come Trump's whirlwind visit to China is the most significant for years - but will it bear fruit? Zoe Ball confirms she did not get Strictly presenting role The broadcaster says she was "so chuffed to even be in the mix" for the job on the BBC One show. Calls for 'urgent action' on baby-sleep industry after BBC investigation The BBC investigation revealed how some self-described sleep experts have been giving new parents advice that goes against NHS guidelines. Japanese snack giant switches to black and white packaging as Iran war hits ink supplies The effective closure of the Strait of Hormuz has severely disrupted global supplies of energy and petrochemicals. 'Patients have tried to punch me because of my skin colour' Figures from some NHS trusts in England show there was a 17% rise in reports of racism in a year. Why a slice of Edinburgh is being bought up by overseas owners More than a third of the properties in Quartermile area have been bought by people based outside the UK. Russia's shadow fleet ships defying PM's threat and entering UK waters BBC Verify analysis of ship-tracking data suggests "shadow fleet" vessels sailed into UK water despite the government threatening to board them. I led hikers up an Indonesian volcano - and then it erupted An Indonesian guide who led hikers up Mount Dukono has described the moment of Friday's eruption which killed three people. Baby loss couple: We were told we'd picked a bad day to give birth A couple whose baby was stillborn in hospital hope a maternity review will lead to improvements. How are countries responding to hantavirus? The UK, US and EU are asking all citizens returning home from the virus-hit MV Hondius to self-isolate for about six weeks. 'Superhuman' managers shouldn't have to ask for help - Family of ex-Liverpool boss on loss The family of former WSL manager Matt Beard tell BBC Sport about the emotional burden of football management, and the changes they want to see. Students at risk if universities go bust, say MPs An Education Select Committee report finds the government needs to make urgent plans for universities facing insolvency. Trump says Iran ceasefire is on 'massive life support' The US president criticises an Iranian counteroffer to end the war, and says the month-long ceasefire is "unbelievably weak". Warnings :: No Current Warnings
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