Australia’s 50% capital gains tax discount for crypto remains intact despite viral claims

Australia’s Labor government has proposed replacing the country’s long-standing capital gains tax discount with an inflation-indexed model that could raise tax liabilities for crypto investors holding assets over extended periods. The Australian Financial Review reported on Sunday, citing people familiar…

The Albanese government’s budget plans to replace the 50% capital gains tax discount on assets held over 12 months with a model taxing full real gains adjusted for inflation.

The gentle French garment is now as cursed as the infamous megacorp, which has accumulated $80m in government contracts in Australia alone It’s taken me years to find a chore coat with a cut that flatters my big tits but, now that I finally own one, I want to incinerate it. Such is the power of brand contamination; infamous data surveillance megacorp Palantir, has decided to bang a logo on a chore coat to sell as corporate merch. Continue reading...

The campaigns target over-the-counter operators and local exchanges as new laws expand oversight to custody and brokerage services.

Jimmy Wales remembers a toxic internet even before social media and says AI is ‘not a disaster’ for the free – and freely edited - online encyclopaedia Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Wikipedia’s founder, Jimmy Wales, has branded the Australian social media ban an “unmitigated disaster” and an “embarrassment” that is teaching kids to accept surveillance from tech companies when they go online. The online encyclopaedia that anyone can edit was born in a world before social media, in 2001. But Wales told Guardian Australia that many of the ills of social media existed even in the earlier stages of the internet. Continue reading...

The planned outlay comes after the tech giant recently made significant AI investments in Asia.

Google is rolling out Gemini in Chrome in Australia, Indonesia, Japan, the Philippines, Singapore, South Korea, and Vietnam.

New guidance to legal profession ‘embraces’ use of technology but flags penalties for lawyers who ‘mislead the court’ with AI-generated errors Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The federal court of Australia has warned the legal profession about the dangers of using generative artificial intelligence in legal proceedings, issuing new rules for its use, with potential financial or legal consequences if AI errors frustrate court cases. Amid an explosion in court filings in Australia and across the globe found to have included false citations generated by AI, the federal court on Thursday issued a new practice note on how the technology can be used in court cases. Continue reading...