Drought and taxes pile on mental pressure for farmers

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? 🔎

European Commission President Ursula von der Leyen is meeting with US President Donald Trump to negotiate a trade deal that could impose a 15% baseline tariff on EU goods, potentially alleviating uncertainty for EU companies, while Trump considers imposing a 30% tariff on August 1. The deal may include exemptions for certain industries and commitments for increased US exports, with both sides optimistic about reaching an agreement. Want More Context? 🔎

The Gift of Life Walk launched National Organ Donor Week in WA, highlighting that one decision can save up to seven lives, with organ donation registrations surging 50% since March. Despite this progress, only 35% of eligible individuals are registered, leaving over 1,800 on transplant waiting lists, underscoring the urgent need for more donors. Want More Context? 🔎

Perth is experiencing severe weather, with hailstorms affecting areas like Bayswater and Mt Hawthorn, while further rain and storm conditions are expected. The Bureau of Meteorology warns of potential flash flooding and advises residents to seek shelter, stay indoors, and be cautious of road hazards due to the storms. Want More Context? 🔎

Fremantle CEO Simon Garlick is optimistic about the Dockers' upcoming AFLW season, bolstered by new recruits from the eastern states and the return of key players. Following a solid pre-season win over West Coast, Garlick expressed confidence in coach Lisa Webb's ability to lead the team towards a historic premiership. Want More Context? 🔎

Fremantle forward Pat Voss was fined $3750 for rough conduct after a heavy bump on West Coast's Harley Reid during Saturday's western derby, which the Dockers won by 49 points. Reid, who was injured in the match and may have suffered a season-ending syndesmosis injury, was left floored by Voss's hit before receiving a free kick. Want More Context? 🔎