Headlines: Govt changes proposed super bill

Today's headlines include:
The Government has announced it will seek to establish a 40% tax rate for superannuation balances over $10 million.
Victoria Police has announced a restructure that will see a reduction of those on the executive team, and thousands more police diverted to the frontline to tackle a rise in crime. 
U.S. President Donald Trump has flown to Israel to address the country’s Parliament, the Knesset, as Hamas and Israel exchange 20 living hostages and close to 2,000 prisoners and detainees. 
And today’s good news: Australia has continued its unbeaten run at the Women’s Cricket World Cup.

Hosts: Lucy Tassell and Billi FitzSimons
Producer: Elliot Lawry

Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful.

The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent.

Want more from TDA?
Subscribe to The Daily Aus newsletter
Subscribe to The Daily Aus’ YouTube Channel

Have feedback for us?
We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:05):
From The Daily Os. I'm Lucy Tussel, I'm belief, it's Simon's.
It's Monday, the thirteenth of October. Here's what's making headlines receiveing.

Speaker 2 (00:14):
The government has announced it will seek to establish a
forty percent tax rate for superannuation balances over ten million
dollars held by about eight thousand Australians. The move is
a new change to its proposed superannuation tax policy, which
still needs to pass Parliament. The government had initially proposed
for the new tax rates to apply to unrealized capital gains. However,

(00:36):
it will now only apply to realized earnings. Unrealized capital
gains are where you are taxed for the value of
a long term investment like a property, even if it
isn't a real time earning like a salary. Other elements
of the proposal remain unchanged, including taxing superbalances above three
million dollars at a rate of thirty percent. The changes

(00:58):
are set to come into effect in July next year,
if passed by Parliament. It comes after the government's initial
draft of its superannuation legislation was criticized by industry experts.

Speaker 1 (01:11):
Victoria Police has announced a restructure that we'll see a
reduction of those on the executive team and thousands more
police diverted to the front line to tackle or rise
in crime. In a statement, the organization said it wants
to quote free up police from administrative burden and give
them more time on the streets where they can stop
offending before it happens. It added that officers are currently

(01:33):
required to spend too much time doing paperwork when they
should be quote back on the streets. Victoria's Chief Police Commissioner,
Mike Bush, said, we have a crime problem here in Victoria.
There is no escaping this fact. The levels of offending
we are seeing in our community are entirely unacceptable.

Speaker 2 (01:51):
US President Donald Trump has flown to Israel to address
the country's parliament, to the Kanesset. As Hamas and Israel
exchanged twenty living hostage and close to two thousand prisoners
and detainees. Israel said that as soon as the hostages
left Gaza, it would begin releasing the prisoners and detainees.
The exchange is part of the first phase of the
Trump led peace Plan, which has also seen Israeli troops

(02:14):
retreat to an agreed line in Gaza as humanitarian aid enters.
Trump is also set to meet with the hostages families
later tonight Australian time, before he becomes the fourth US
president to address the Kannesse. The US, Israel's closest ally
has been heavily involved in ceasefire and peace negotiations since
October twenty twenty three, with Israeli Prime Minister Benjamin and

(02:37):
Yahou nominating Trump for the twenty twenty six Nobel Peace
Prize earlier this year.

Speaker 1 (02:44):
And today's good news, Australia has continued its unbeaten run
at the Women's Cricket World Cup. The Aussie women's cricket
team beat India by three wickets in Visaka, Putnam, setting
a new record for the highest successful run chase in
women's one day cricket. Captain Elissa Heally recorded her first
century as skipp art to help Australia over the line.
The win continues a strong start to Australia's campaign for

(03:07):
an eighth World Cup title. The side has had victories
over New Zealand and Pakistan, while the match against Sri
Lanka was abandoned due to wet weather. Australia has three
more group stage matches remaining Heely's side will take on
Bangladesh on Thursday, before matches against England and South Africa
next week.

Speaker 2 (03:25):
That's the latest from the dally oz newsroom. If you're
looking for something else to listen to, check out today's
podcast on how one man allegedly started the La fires.
It is so interesting.

Speaker 1 (03:36):
We'll be back tomorrow morning with another deep dive where
we're looking into the quantas Hak. Until then, have a
great evening. My name is Lily Maddon and I'm a
proud Aranda Bunjelung Kalkotin woman from gadigh Country. The Daily
oz acknowledges that this podcast is recorded on the lands
of the Gadighl people and pays respect to all Aboriginal

(03:57):
and Torres Strait Island and nations. We pay our respects
to the first peoples of these countries, both past and present.