source : the age
Hello and welcome to our national news live blog for Monday, August 3. Here’s what is making headlines today.
- The national property market is in its deepest downturn since 2022 as interest rates, high cost of living and the May budget’s changes to property taxes combine to wipe thousands of dollars off property values.
- The government has finalised its News Bargaining Incentive legislation, increasing its digital advertising levy to 2.5 per cent in a move Labor hopes will encourage deal making with news publishers and result in more funding for journalism.
- Minister for Agriculture Julie Collins and Minister for Environment Murray Watt will provide a bird flu update later today, as the H5N1 strain spreads across five Australian states and authorities say eradicating the virus in open wildlife is now unfeasible.
- Australia has dominated the medal tally at the Commonwealth Games, and will see out the closing ceremony today in Glasgow with a staggering 70 gold medals after an extraordinary 10 days of action.
- US President Donald Trump has said the US would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran’s nuclear ambitions and reopen the Strait of Hormuz.
- And Israeli airstrikes hit Gaza for a second straight day on Sunday, killing at least 18 Palestinians, medics said, despite Trump’s announcement of a breakthrough in efforts to implement last year’s ceasefire agreement.
Treasurer Jim Chalmers is warning service stations not to hike petrol prices beyond the increase that will come with the end of the fuel excise discount.
“We’ve substantially increased the penalties for servos or suppliers who are caught behaving in a false or misleading fashion, or engaging in anticompetitive practices, and so the [Australian Competition and Consumer Commission] has the powers that they need to fine … servos and suppliers up to $100 million per offence, and so servos and suppliers are on notice,” Chalmers told Radio National.
“The regulator will be watching them like a hawk, and they can’t use the return to normal settings with the excise as cover for treating motorists as mugs.”
Chalmers said the government was not planning on bringing the fuel excise cut back.
Changes made to Labor’s News Bargaining Incentive legislation (NBI) will support public interest journalism and strengthen Australian democracy, Assistant Treasurer Daniel Mulino has said.
Tech companies will face a 2.5 per cent tax if they fail to strike deals with media companies under the proposed new laws.
Speaking to News24 – formerly Sky News – Mulino said: “This is a really important reform that is going to support public interest journalism in Australia, which is so important to our democracy.”
Mulino said the government received 85 submissions “from a wide range of sources” during the consultation period.
Social Services Minister Tanya Plibersek has responded to news this morning that the nation’s housing market is experiencing its most significant downturn since 2022 and says there has never been a better time to be a first home buyer in Australia.
“Not in my lifetime has there been a better time to be a first home buyer in Australia. I’m so happy to see more than 260,000 individuals and couples have made use of our 5 per cent deposit,” she told Seven’s Sunrise.
“That means probably a quarter of a million households or more that would not be in a home of their own if it wasn’t for the backing that we’re giving first home buyers.”
Figures released by Cotality today show dwelling values in the nation’s capitals dropped by 0.9 per cent through July, led by a steep fall in the value of houses in Sydney and Melbourne.
Authorities are warning there is nothing they can do to stop the spread of H5N1 bird flu through Australia’s wildlife, after another 20 cases of the deadly virus were recorded nationwide.
A cluster of nearly 50 dead birds off the South Australian coast is being probed for links to the current outbreak as fears of the first H5N1 mass mortality event grow.
As of 5pm yesterday, Australia has 62 confirmed detections of H5 bird flu in wild seabirds.
The risk to human health remains low, authorities say, but experts are concerned about the impacts that widespread infection could have on the poultry industry.
There have been no detections of the strain in the agriculture industry so far.
Cairo/Jerusalem: Israeli airstrikes hit Gaza for a second straight day on Sunday, killing at least 18 Palestinians, medics said, despite US President Donald Trump’s announcement of a breakthrough in efforts to implement last year’s ceasefire agreement.
From dawn, Israeli warplanes hit Gaza City in the north, the central city of Deir al-Balah and the southern area of Khan Younis, causing the biggest daily death toll in weeks, according to Palestinian health officials.
Trump’s assertion on Thursday that Palestinian Hamas militants and other armed groups had agreed to disarm, had raised hopes of a turning point in efforts to end the conflict.
On Sunday, Israeli Energy Minister Eli Cohen – a member of Prime Minister Benjamin Netanyahu’s security cabinet – said the government would give Hamas the opportunity to disarm but that he was “very sceptical” that it would happen.
Hello and welcome to our national news live blog for Monday, August 3. Here’s what is making headlines today.
- The national property market is in its deepest downturn since 2022 as interest rates, high cost of living and the May budget’s changes to property taxes combine to wipe thousands of dollars off property values.
- The government has finalised its News Bargaining Incentive legislation, increasing its digital advertising levy to 2.5 per cent in a move Labor hopes will encourage deal making with news publishers and result in more funding for journalism.
- Minister for Agriculture Julie Collins and Minister for Environment Murray Watt will provide a bird flu update later today, as the H5N1 strain spreads across five Australian states and authorities say eradicating the virus in open wildlife is now unfeasible.
- Australia has dominated the medal tally at the Commonwealth Games, and will see out the closing ceremony today in Glasgow with a staggering 70 gold medals after an extraordinary 10 days of action.
- US President Donald Trump has said the US would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran’s nuclear ambitions and reopen the Strait of Hormuz.
- And Israeli airstrikes hit Gaza for a second straight day on Sunday, killing at least 18 Palestinians, medics said, despite Trump’s announcement of a breakthrough in efforts to implement last year’s ceasefire agreement.
