An elected coalition government plans to remove penalties for car makers in a softening of emissions standards policies, aiming to eliminate the incentive for compliance while Deputy Opposition Leader David Littleproud argues that manufacturers would pass on penalties to consumers. Opposition Leader Peter Dutton promises to scrap penalties, stating they are a tax, and plans to halve petrol excise for 12 months to save motorists money. The move has faced criticism from teal independents like Zali Steggall, who believe the standards need consequences to encourage compliance and bring safer, more fuel-efficient cars to Australia.
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Nick Bruining: Savings bonds are back to dodge $3m super tax whack, but they’re not just for the wealthy …
With the upcoming debate on a new 15% tax on superannuation balances over $3 million, older-style savings bonds are gaining attention as a simpler, flexible investment option offering tax-free savings. Unlike the proposed super tax, which applies to unrealized gains, these bonds incur a 30% tax only on actual earnings and capital gains, providing potential tax efficiency and early access benefits. Want More Context? 🔎
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