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The Latest Breaking News from Labor

Labor faces parliament challenge to budget tax reform

The treasurer will need to get the Greens or the coalition on board in order to make sweeping changes in his fifth budget a reality.

AAP

Politics with Michelle Grattan: Tim Wilson on the budget’s hidden hits on young Australians

The federal government’s fifth budget contains major, controversial changes to the tax arrangements for housing. The government has argued that the changes will ensure young people will have better access to the housing market.

The Conversation

A Zara dress, the Jim Reaper and a communist state: how Australia’s media interpreted the budget

The Murdoch papers sharpened their sickles and hammered Jim Chalmers’ budget for ‘the most radical redistribution of wealth since the Whitlam era’

The Guardian - AU

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A real ‘intergenerational equity’ budget would address our unceasing environmental decline

Last night, Labor unveiled a budget designed to tackle intergenerational equity in Australia through bold tax reform. It comes at a time where politics is consumed with the international shocks created by US President Donald Trump, whether through chaotic tariff announcements or the US-Israel war with Iran.

The Conversation

Coalition vows to repeal Labor’s ‘toxic’ negative gearing and capital gains tax budget changes

Opposition leader Angus Taylor and shadow treasurer Tim Wilson say future Coalition government would reinstate generous rules for property investors

The Guardian - AU

Targets and tests firm up for migrants under budget

A push for fewer, more skilled migrants and a more robust migration system has been outlined in the 2026/27 federal budget.

AAP

Budget spending stokes fears of further rate rise pain

An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.

AAP

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The complete 2026 Australian budget: choose the news coverage that matters to you

Select the federal budget topics you’re interested in to get the news tailored for you

The Guardian - AU

What the budget means for your generation – gen Z, millennial, gen X or boomer

Jim Chalmers has sold the budget as a historic shift in favour of intergenerational fairness. Four Guardian Australia staff members assess what it means for their age group

The Guardian - AU

Budget capital gains tax changes and negative gearing reform explained

Negative gearing, capital gains tax and family trusts are all facing a big shake-up in the name of intergenerational fairness. How will it all work?

The Guardian - AU

Small beer: revenue from gas export tax set to plummet

The petroleum resource rent tax is projected to raise $1.85 billion less in revenue than the beer excise by 2029/30, heaping pressure on Labor to tweak the tax.

AAP

Budget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disaster

Labor’s ambitious and politically risky tax reform aims to help first home buyers and foster intergenerational fairness

The Guardian - AU

This bold budget has grasped the nettle of tax and housing – but it may not be enough to move the needle for younger Australians

Jim Chalmers, determined not to miss his reform moment more than four years into government, has backed the largest change to Australia’s sclerotic tax system since the Howard era

The Guardian - AU

Albanese government uses its political dominance to implement a ‘Labor’ agenda

The tilt of this budget was, when you think about it, predictable.

The Conversation

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AAP

Tax relief for workers and pain for investors in budget

Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.

The Guardian - AU

Inquiry calls Minns government grants scheme for Labor candidates an ‘election slush fund’

Parliamentary committee into 2023 electorate funding allocation program finds MP John Graham misled parliament

AAP

Labor MP 'interfered' with Hillsong fraud allegations

A Hillsong whistleblower is suing the federal government, claiming an MP repeatedly stopped another from airing her claims in parliament.

The Guardian - AU

It’s parliament, not Love Island: Queensland’s ministerial affair drama becomes a sordid distraction

Tuesday’s question time seemed more suited to prime time; full of sordid allegations, only the cast seems far less likable

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The Guardian - AU

Chalmers delivers 2026 budget speech – as it happened

This blog is now closed.

AAP

State integrity brawl spills into MPs' private lives

A heated political row over integrity and conflicts of interest has erupted into a slanging match about MPs' private lives in a state parliament.

AAP

Last-minute budget pitch to 'level field' for young

Labor has made a pre-budget pitch to young Australians on social media as the government shakes up the tax system to help more people buy homes.

AAP

'Time has come': Shorten backs budget's broken promise

After unsuccessfully campaigning on negative gearing changes while Labor leader, Bill Shorten says he would welcome a policy shift in the federal budget.

The Guardian - AU

Victorian politics still exposed to ‘dark money’ and foreign donations as MPs struggle to agree on urgent reforms

Exclusive: state is now without caps on political donations or disclosure requirements, months out from November election

The Guardian - AU

Is the Howard era over? Albanese and Chalmers are betting the budget it is

With baby boomers outnumbered on the electoral roll, Labor are finally emerging from their shell to address intergenerational unfairness

The Guardian - AU

Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria

Labor’s anticipated reforms are not a panacea, but they could nudge Australia toward a more equitable trajectory

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