ABC News – Top stories
·general
·2 hours ago
Australia's last Baby Boomer prime minister becomes King of the Kids
Prime Minister Anthony Albanese, likely Australia's last Baby Boomer leader, unveiled a budget targeting generational inequality by reducing tax breaks benefiting older homeowners and investors. New capital gains tax rules on investment properties take effect July 2026, while private health insurance concessions for over-65s face $3 billion cuts. The budget prioritizes younger, educated migrants and small businesses under two years.
Summary by Glance · ABC News – Top stories
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