Business

Marles pushes $2.5bn Canada defence deal as states cut road tolls and tax reforms stall

Deputy Prime Minister Richard Marles promotes a major defence export agreement with Canada, while New South Wales and Queensland release budgets with divergent priorities amid ongoing federal legislative hurdles and a bird flu alert.

Author
Owen Mercer
Markets and Finance Editor
Published
Draft
Source: The Guardian Business · original
Business
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Federal government faces pressure on NDIS overhaul and capital gains tax changes while state budgets deliver mixed signals on infrastructure and safety

Deputy Prime Minister Richard Marles is undertaking morning media rounds to promote a $2.5 billion defence export deal with Canada, following the agreement's signing yesterday. The federal government is prioritising the promotion of this significant trade arrangement as part of its broader economic and security strategy.

Concurrently, the government is working to finalise legislative changes regarding capital gains tax and negative gearing. Officials are also pursuing a comprehensive overhaul of the National Disability Insurance Scheme, with the administration actively attempting to secure a deal to pass these reforms through parliament.

At the state level, New South Wales has announced plans to lower the road toll cap in its upcoming budget. This measure is intended to address safety concerns and reduce the financial burden on motorists within the state.

Queensland’s state budget, released on the same day, includes promises of new infrastructure investments. The commitment aims to support long-term economic development and service delivery across the state, contrasting with the specific safety-focused adjustments in New South Wales.

On the public health front, authorities are monitoring an outbreak of H151 bird flu after a second bird was confirmed infected and died. The incident has prompted continued vigilance from health officials as they track the spread of the virus.

In the broader political landscape, Canberra is preparing to react to the resignation of UK Prime Minister Keir Starmer. The development adds to the day's political activity as domestic and international events unfold.

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