Welcome to our live coverage of Australian politics. Today's key events include the Quad leaders' meeting, ongoing debates over the JobSeeker payment rate, and discussions on capital gains tax reform as part of the federal budget. Prime Minister Anthony Albanese is set to meet with leaders from Japan, India, and the United States to discuss regional security and economic cooperation. Meanwhile, Opposition Leader Angus Taylor is expected to criticize the government's handling of the cost of living crisis. The Greens and One Nation are also pushing for changes to welfare and tax policies.
Quad Meeting Highlights
The Quad meeting in Tokyo is focusing on maritime security, climate change, and critical technology supply chains. PM Albanese emphasized Australia's commitment to a free and open Indo-Pacific. No major announcements are expected, but the leaders will issue a joint statement reaffirming their cooperation.
JobSeeker Debate Intensifies
Labor is under pressure to increase the JobSeeker payment, currently at $56 per day. The Greens are demanding a raise to $88 per day, while the Coalition argues that any increase must be paired with mutual obligation requirements. The government is considering a modest increase in the upcoming budget.
Capital Gains Tax Reform
The government is reviewing the capital gains tax discount, which currently allows investors to pay less tax on property sales held for more than 12 months. Treasurer Jim Chalmers has hinted at changes to improve housing affordability, but no final decision has been made. The Coalition opposes any changes, warning they could hurt investment.
Senate Estimates and Question Time
Today's Senate estimates hearings will scrutinize the Department of Social Services and the Treasury. Question Time in the House of Representatives is expected to feature heated exchanges over the budget and cost of living. One Nation Senator Pauline Hanson is likely to raise immigration and housing issues.
Stay tuned for more updates throughout the day as events unfold.
