Small business demands full tax exemption carve-out

Fuel excise cut extension under consideration

Australian Finance Minister Katy Gallagher discusses the potential extension of the fuel excise cut beyond its 30 June deadline, as petrol prices remain affected by conflict in the Middle East. The government faces ongoing criticism over its recent budget, particularly tax reforms and housing market changes, with many Australians expressing frustration about cost of living pressures. Gallagher defends the budget's tax cuts and housing initiatives, stating 13.3 million Australians will benefit from the working Australian tax offset. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

UK bans social media for under-16s

The United Kingdom is implementing a social media ban for children under 16, following Australia's lead. By spring 2027, restrictions will apply to platforms including Snapchat, TikTok, YouTube, Instagram, Facebook, and X, as well as gaming and live streaming services. WhatsApp messaging service will be excluded from the ban, while Canada and France are considering similar measures. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Small business demands full tax exemption carve-out

A two-day Senate inquiry into major tax reforms has concluded, with Labor considering fast-tracking exemptions for certain businesses from capital gains tax changes. NAB's head has urged the government to reconsider the changes, while small business advocates are calling for complete exemptions for all small businesses rather than selective carve-outs for niche sectors. Business owners report already laying off staff due to budget uncertainty, with concerns raised about the impact on small businesses that comprise 97% of Australian businesses and employ 40% of the private workforce. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Government weighs fuel excise extension amid holiday fears

The Australian government is reconsidering its decision to end the fuel excise tax cut beyond the end of the month, following pressure from the tourism industry and concerns about petrol price increases ahead of July school holidays. Tourism bosses warn that a quarter of Australians would reconsider their holiday plans if petrol prices jump, while economists caution that extending the cut would cost billions and potentially worsen inflation. The debate highlights the tension between providing cost-of-living relief and managing broader economic pressures, with businesses, tradies, and families all facing significant financial strain from high fuel costs. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Australia's best doughnut and pie competition heats up

Australia's best pie and pasty competition and the national doughnut competition are taking place on the Gold Coast. Competitors are showcasing innovative doughnuts including savoury banh mi-filled doughnuts, allergen-free plant-based options using fresh fruit powders, and creative twists on traditional flavours. Judges evaluate entries based on appearance, dough texture, filling, glaze and overall balance to find the winning creations. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.