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Albanese visibly emotional after defending Labor’s capital gains tax and negative gearing changes

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A visibly emotional Albanese has launched an impassioned defence of Labor’s proposed changes to negative gearing, the capital gains tax discount and family trusts, saying he will “not allow Australia to become a country where aspiration is only for some”.

At Victorian Labor’s state conference on Saturday, Albanese said the reforms were “the right thing to do, not the easy thing” and would rebalance the housing market toward first home buyers instead of property investors. He said every Saturday, young people were “missing out” at auctions because they were bidding against investors who had the “Australian taxpayer on their side”.

It was at this point in the speech party members and unions gave Albanese a standing ovation, with the prime minister appearing to well up at the response.

He went on to say “Labor is the party of aspiration” – a direct rebuke of criticism, including from the shadow treasurer, Tim Wilson, that the budget was a “war on the self-starters and small businesses”.

“We will not allow Australia to become a country where aspiration is only for some. Our reforms are about backing aspiration for all, bringing the great Australian dream of home ownership back in reach for a new generation,” Albanese said, and the changes “add up to a better tax system”, particularly for people who “work their guts out for a wage” and “will never be able to access a trust”.

The prime minister has faced sustained criticism of the reforms, which include limiting negative gearing to new-builds while grandfathering existing properties, changing how CGT is calculated and imposing a new 30% minimum tax on discretionary trusts. Guardian Australia has reported some of his own MPs are wary that scare campaigns could “get out of hand” unless Albanese and treasurer Jim Chalmers begin providing a clearer explanation of the tax changes. Another Labor politician worried the government had failed to effectively explain the complex tax changes, lamenting: “I feel like we don’t necessarily have a clear strategy on complicated issues.”

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Albanese announces $60m for Ukraine at Zelenskyy meeting

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Prime Minister Albanese has announced that Australia will provide an additional $60 million in support for Ukraine following a high-level meeting with President Volodymyr Zelenskyy on the sidelines of the UN General Assembly in New York.

During the meeting, Albanese emotionally praised Zelenskyy’s leadership, referring to him as “my friend,” and signed a 10-year bilateral security agreement. The new support package allocates $45 million in ADF defense equipment, $10 million for Ukraine’s energy support fund, and $5 million in humanitarian aid. This brings Australia’s total commitments to Ukraine to $1.9 billion since the 2022 Russian invasion. The agreement also outlines long-term security cooperation, including enhanced military training and joint production initiatives for drones, missiles, and air defense systems.

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Victoria’s crime rate continuously falls

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Youth crime has dropped in Victoria as the state’s record crime rate continues to fall, new figures show.

The latest crime data, released today, reveals that in the past year to June, the state’s crime rate dropped by 3.8 per cent. Police say organised crime, repeat offenders, mental health and drugs are the main drivers of crime, with trafficking and dealing drugs such as cocaine, meth, ecstasy and prescription drugs spiking by 18.5 per cent.

While police say crime in Victoria remains “unacceptably high” at more than 13 per cent higher than three years ago, several major crimes decreased. Crime Statistics Agency Chief Statistician Fiona Dowsley told 774 ABC Melbourne that a 20 per cent drop in burglaries and break-ins was “really significant”, but that the cause of the fall was difficult to determine.

Regional Operations Deputy Commissioner Bob Hill said the drop in the state’s crime rate was promising, but more work still needed to be done to make Victorians feel safe.

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Medicare portal being hacked by OpenAI according to Albanese

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Speaking in New York, Prime Minister Albanese said an OpenAI agent gained unauthorised access to the Medicare statistics reporting service portal administered by Services Australia on June 18.

The AI agent accessed both public and non-public files, but Albanese said it did not appear anyone’s personal Medicare details were accessed.

It is known that OpenAI accessed non-public aggregate health statistics and internal files from an old Australian government website that carried Medicare statistics.

It is also understood an AI crawler, which is an automated program that scans websites and collects information from them, was able to find a security workaround to access the data.

Albanese also said he had a “frank” discussion with OpenAI’s chief executive Sam Altman, saying the company took three months to notify the government of the breach and, when it did, the notification was in an email sent to the Services Australia public inbox.

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