Shadow treasurer Tim Wilson says his objective is to ‘defeat’ changes to capital gains and negative gearing. Follow today’s news live
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Good morning, Krishani Dhanji here with you for the budget washup. Thanks to Martin Farrer for getting us started.
While I feel like I’ve had a quick turnaround from last night, the prime minister and treasurer are undoubtedly on less sleep, having already begun to do media interviews this morning.
Our modelling shows a remaining gap of at least $9.6bn – a gap that must be bridged if the cycle of crisis our public hospitals are in is to be broken.
We are also pleased to see $120.9m set aside to support the role of general practice in the early identification of children with development delay or neurodevelopmental difference through a Medicare funded three-year-old health assessment and expanded Comprehensive Health Assessment Program. It will be critical for all governments to ensure that appropriate support for eligible children is available on GP referral.
While we welcome a commitment to undertake consultation on private health reform, cuts to the private health insurance rebate for people who are 65 years and over are likely to see older Australians on modest incomes drop or downgrade their cover and this may put more pressure on the public hospital system.
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Source link : https://www.theguardian.com/australia-news/live/2026/may/13/budget-2026-live-updates-reaction-jim-chalmers-tim-wilson-cost-of-living-capital-gains-negative-gearing-housing-tax-ntwnfb
Author : Krishani Dhanji
Publish date : 2026-05-12 21:00:00
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