Chilean copper miner Codelco has discovered the remains of one of five trapped miners at its El Teniente mine, raising the death toll to two following a collapse caused by a 4.2 magnitude earthquake. Rescue efforts are ongoing, with Codelco clearing over 20% of the blocked tunnels, but progress is cautious and slow as investigations into the cause of the accident continue.
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ACTU boss Sally McManus calls for five-year plan to limit negative gearing, CGT concessions to one investment property
Union boss Sally McManus has called on Labor to limit tax benefits for Australians with multiple investment properties to address intergenerational equity and housing affordability, proposing a five-year plan to restrict negative gearing and capital gains tax to one property. This change could generate $1.5 billion annually and aims to alleviate the housing crisis impacting younger generations, urging Labor to act decisively. Want More Context? 🔎
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