ABC 20 -  TV   soon

Budget 2026: The Treasurer's Speech
7:30PM - 8:00PM

Treasurer Jim Chalmers delivers the 2026 Federal Budget, his fifth and most challenging budget to date.

Albo has a great lifestyle.


https://www.ozpolitic.com/album/forum-attachments/Albo_s_lifestyle.jpg

Bobby. wrote on May 12^th, 2026 at 7:11pm:

Albo has a great lifestyle. []https://www.ozpolitic.com/album/forum-attachments/Albo_s_lifestyle.jpg[]

Snivelling much?

Budget 2026: A 7.30 Special

8:00PM - 8:30PM

Sarah Ferguson presents a 7.30 Budget Special including interviews with the Treasurer Jim Chalmers and Shadow Treasurer Tim Wilson, plus analysis from Jane Norman, Jacob Greber, Ian Verrender and Tom Crowley.

Chalmers is on ABC talking jiggery pokery -

all alphabet soup.     ::)

Bobby. wrote on May 12^th, 2026 at 8:16pm:

Chalmers is on ABC talking jiggery pokery - all alphabet soup.     ::)

Was he speaking in formal English?

MeisterEckhart wrote on May 12^th, 2026 at 8:21pm:

Bobby. wrote on May 12th, 2026 at 8:16pm: Chalmers is on ABC talking jiggery pokery - all alphabet soup.     ::) Was he speaking in formal English?

I can't really follow his verbosity and convoluted ideas.   :-[

https://budget.gov.au/content/04-tax-reform.htm



Capital gains tax

The Government will replace the 50 per cent Capital Gains Tax (CGT) discount with a discount based on inflation and introduce a minimum 30 per cent tax on gains from 1 July 2027.

This reform means that investors will only pay tax on their real capital gain, restoring the original intent of the CGT arrangements. The CGT reforms will only apply to gains arising after 1 July 2027. Investors in new builds will be able to choose the 50 per cent CGT discount or the new arrangements.

Negative gearing

The Government will limit negative gearing to new builds from 1 July 2027, to focus tax support on new supply.

Existing arrangements will remain unchanged for all properties held before Budget night, and investors who buy new builds will still be able to deduct losses from other income.

Investors who buy established housing after Budget night will still be able to deduct losses against residential property income. They will be able to carry forward unused losses to future years but won’t be able to deduct them against other income like wages.

Fairer tax arrangements for discretionary trusts

The Government will introduce a minimum tax of 30 per cent on discretionary trusts from 1 July 2028 with some exceptions.

Rollover relief will be provided for three years from 1 July 2027 to assist small businesses and others that wish to restructure.

ABC  TV  channel  20


Budget 2026: Opposition Reply

7:30PM - 8:00PM 


Opposition Leader Angus Taylor delivers his Budget in Reply speech.

Bobby. wrote on May 14^th, 2026 at 4:55pm:

ABC  TV  channel  20 Budget 2026: Opposition Reply 7:30PM - 8:00PM  Opposition Leader Angus Taylor delivers his Budget in Reply speech.

I'd rather have a 6mm drill bit inserted into my urethra than watch that.

greggerypeccary wrote on May 14^th, 2026 at 6:50pm:

Bobby. wrote on May 14th, 2026 at 4:55pm: ABC  TV  channel  20 Budget 2026: Opposition Reply 7:30PM - 8:00PM  Opposition Leader Angus Taylor delivers his Budget in Reply speech. I'd rather have a 6mm drill bit inserted into my urethra than watch that.

You are ordered to watch it - and take notes.

T minus 2 minutes and counting.

Bobby. wrote on May 12^th, 2026 at 7:11pm:

Albo has a great lifestyle. https://www.ozpolitic.com/album/forum-attachments/Albo_s_lifestyle.jpg

Is there anything on that list that doesn't basically apply to every PM ?

Angus did well -

Albo can put that in his pipe and smoke it.   :)

Immigration control -

depending on houses available -

Sarah is being rude to him now on ABC 20.

She keeps interrupting him on every sentence.    ::)

Bobby. wrote on May 14^th, 2026 at 8:30pm:

Immigration control - depending on houses available - Sarah is being rude to him now on ABC 20. She keeps interrupting him on every sentence.    ::)

Angus Taylor Budget Response Speech | 7NEWS

https://www.youtube.com/watch?v=76X9LgMIG0g

The conservatives normally pretty much stick to being nasty. This means that they are very often unlikely to tell us what they are really going to do.

Rather makes their budget statments of little value.

Dnarever wrote on May 14^th, 2026 at 10:52pm:

The conservatives normally pretty much stick to being nasty. This means that they are very often unlikely to tell us what they are really going to do. Rather makes their budget statements of little value.

I contend that both Labor and Liberal still have had
a secret deal to welcome uncontrolled mass immigration of millions of people
when they know there is nowhere for them to live,
and they don't care about young Australians who will never be able to afford a home -
no matter how good a job they get.

I suppose Angus couldn't admit that but
he knows it's true and he has been a part of it for years.
It's been a Labor/Liberal policy for 30 years.

Only developing brand new property will get you
all the negative gearing gains:


https://www.youtube.com/shorts/dYEEmSvMcQ0

https://www.skynews.com.au/australia-news/politics/cant-get-around-it-its-a-death-tax-treasurer-jim-chalmers-accused-of-hiding-death-duties-in-budget/news-story/109a134424e2de2f9e8c1f1a008475f0


Jim Chalmers has been accused of burying a hidden “death duty” in the budget
despite taking inheritance taxes off the table minutes after his speech on Tuesday.

His budget imposed a minimum 30 per cent tax rate on income generated by inherited assets.