Tax perks that property investors have used 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.
Australian farmers are concerned about their reliance on paraquat, a herbicide sourced from China, which is banned domestically there but still permitted in Australia under stricter rules. Researchers are seeking alternatives, but viable options are reportedly years away, leaving farmers with limited choices for weed management.
Telstra is still experiencing issues with some emergency calls following a nationwide outage caused by a software defect. The ASX 200 opened lower, with most sectors down except Energy and Utilities. Wall Street and European markets also saw declines, while oil prices surged.
AIM Mining Corporation has been fined a record $118,000 for environmental breaches at its Warrawoona Gold Project in Western Australia, including failing to protect the vulnerable Pilbara leaf-nosed bat. The company paid the fine in full.
Jake Callaghan, a 30-year-old musterer with no prior experience, won his first camel race at the Jundah Camel Races, the start of the Outback Camel Trail. The event, despite challenging weather, drew 300 people and provided a tourism boost to the local community.
Telstra's nationwide network outage prevented multiple emergency calls from connecting to Queensland's Triple Zero (000) service. Police confirmed 21 individuals were affected, with all now contacted. The outage also disrupted mobile, data, and transport services across Australia.
A nationwide Telstra outage prevented multiple emergency calls from connecting to Triple Zero (000) in Queensland. Police confirmed 21 people were affected, but all have since been contacted.
