Shadow Treasurer Tim Wilson's family investment trust holds undisclosed shares in Gondwana Carbon, a climate advisory firm involved in carbon credit trading. ASIC records show the trust held directorship until May 2023, and shares in another firm, Spektrum Holdings, were also not disclosed.
The federal politics live blog from Parliament House, Canberra, covers the Reserve Bank's interest rate decision and the reported ceasefire deal between the US and Iran.
Labor Treasurer Jim Chalmers highlighted Shadow Treasurer Tim Wilson's own 2020 book, 'The New Social Contract,' which advocates for taxing labor and capital income equally and criticizes preferential tax treatment for established interests, aligning with Labor's proposed budget changes on capital gains tax and negative gearing.
Shadow treasurer Tim Wilson has called the federal budget an 'economic earthquake' and discussed Paul Keating's criticism of the Coalition's response to Labor's tax reforms. He also defended Angus Taylor's controversial migration policy.
Business owners have penned an open letter to the Australian PM, voicing criticism over planned capital gains tax changes. Finance Minister Katy Gallagher stated that 90% of small businesses will remain unaffected.
Shadow Treasurer Tim Wilson appears to have walked back comments signalling an openness to forming a Liberal-One Nation coalition. Follow live.
