CANBERRA, ACT, May 13 -- The Treasurer of Australia issued the following transcript: Note Subjects: federal Budget 2026, housing, tax reform Natalie Barr: Good morning to you. Welcome, Treasurer. We keep hearing your line that you're addressing intergenerational inequity. Can you explain how exactly these changes will help young people buy a house? Jim Chalmers: Good morning, Nat. Look, one of the main motivations for the changes that we made in the Budget, which we understand are contenti...
CANBERRA, ACT, May 13 -- The Prime Minister of Australia issued the following media release: HOST: Someone who knows all about the Budget, he is Anthony Albanese, our Prime Minister and he is on with us this morning. Thank you for choosing our show this morning, Prime Minister. HOST:You haven't actually turned him on. HOST:Oh my God. You haven't turned him on. Oh my God. HOST: Sorry. Are you there? ANTHONY ALBANESE, PRIME MINISTER: I am here. HOST:Sorry, Albo. PRIME MINISTER: I just had p...
CANBERRA, ACT, May 13 -- The Prime Minister of Australia issued the following media release: HOST: Prime Minister, good morning and thank you so much for joining us. PRIME MINISTER: Good morning. Great to be with you. HOST: PM, the profile of our FiveAA audience, we've got a lot of older listeners, we've got a lot of middle-aged listeners, people in my age bracket who've got, you know, an investment property or maybe some shares set aside that they're hoping to set themselves up and more impo...
CANBERRA, ACT, May 13 -- The Prime Minister of Australia issued the following media release: SARAH ABO, HOST:To discuss, Prime Minister Anthony Albanese joins us live now from Canberra. Prime Minister, good morning to you. Has your word ever been your bond? ANTHONY ALBANESE, PRIME MINISTER:Good morning, Sarah. Good to be with you. Sarah, we've changed our position. I'm upfront about that. We've changed our position because we've thrown absolutely everything at supply. We've had increased fundi...
CANBERRA, ACT, May 13 -- The Prime Minister of Australia issued the following media release: JAMES GLENDAY, HOST: We have just been chatting to the Prime Minister Anthony Albanese as he got mic'ed up and he joins us now. Prime Minister, welcome to News Breakfast. ANTHONY ALBANESE, PRIME MINISTER: Good morning. GLENDAY: Look, why now? Why did you decide this was the time to make these changes to property taxes? PRIME MINISTER: We changed our position over a period of time. We've thrown everyt...
CANBERRA, ACT, May 13 -- The Prime Minister of Australia issued the following media release: HOST:Good morning, Albo. ANTHONY ALBANESE, PRIME MINISTER:Good morning. HOST: Morning Albo. A couple of us have just been knocking off a bit of breakfast. Have you been doing the same. PRIME MINISTER: I have been doing the same. While I was waiting on, we rang in and thanks for having us on the program unannounced. And I just realised, of course, there's a great advantage in the great continent that ...
CANBERRA, ACT, May 13 -- The Prime Minister of Australia issued the following media release: MEL CLARKE, HOST: Prime Minister, thank you for joining AM this morning. PRIME MINISTER: Good to be with you, Melissa. CLARKE: Now, we've just heard about the details of the changes to negative gearing and capital gains and trusts. Do you have a mandate for this, given you ruled it out at the election? PRIME MINISTER: Well, we have changed our position, Melissa, but we want to produce a Budget in the...
CANBERRA, ACT, May 13 -- The Prime Minister of Australia issued the following media release: NAT BARR, HOST:Joining us now is Prime Minister Anthony Albanese. Good morning to you. ANTHONY ALBANESE, PRIME MINISTER: Good morning, Nat. BARR:This is being labelled a budget of broken promises. Can Australians still trust the things you say? PRIME MINISTER: This is a Budget of reform and resilience. It is making sure that the Australian dream of owning your own home isn't out of reach for this gen...
SYDNEY, May 13 -- Australian Prudential Regulation Authority issued the following media release: The Australian Prudential Regulation Authority (APRA) has released for consultation a new draft licensing framework for locally-incorporated Authorised Deposit-taking Institutions (ADIs). The consultation package follows APRA's 2025 discussion paper on improving the licensing framework for ADIs. When finalised later this year, the changes will implement Action 6 of the Council of Financial Regulato...
CANBERRA, ACT, May 13 -- Australian Federal Police issued the following media release: This is a joint media release between the AFP and ABF A Victorian man, 47, has been sentenced to nine years' jail over his role in a plot to import 22.4kg of cocaine into Australia. Australian Border Force (ABF) officers intercepted a consignment of five printers in Melbourne on 30 April, 2017, locating 10 packages of compressed white powder concealed within their paper trays. Presumptive testing indicate...