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.
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ASX-listed gold miners arrive at Diggers & Dealers with more than $7.5b of cash and bullion
Local gold miners are gathering in Kalgoorlie for the Diggers & Dealers Mining Forum, buoyed by a record year that saw gold prices surge 38% to $5,120 per ounce, leaving ASX-listed producers with over $7.5 billion in cash and bullion. Discussions will revolve around potential acquisitions, shareholder dividends, and the notable absence of major miners BHP, Rio Tinto, and Fortescue amidst industry consolidation. Want More Context? 🔎
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