Latest / NewsCard® Australia Daily News / Australia’s fuel excise cut begins, CGT overhaul ahead, Trump signals Iran endgame
Transcript
- [warm] This is NewsCard Daily for Saturday April 25, 2026... the biggest stories from Australia and around the world in just minutes. — — [serious] We begin in Canberra where the federal government is preparing Australians for major economic changes ahead. Prime Minister Anthony Albanese delivered a national address last night outlining the government's response to Middle East tensions impacting our economy. The fuel excise cut came into effect today... providing immediate relief at the bowser. But there's more coming. The May budget on May 12th is set to reshape the property market with significant capital gains tax changes. Treasury has been examining reducing the CGT discount from 50 per cent down to just 33 per cent... potentially the biggest shift in decades. For investors and property owners, this could mean substantial changes to how you plan ahead. — — [hopeful] Meanwhile, small businesses are getting targeted support. The ATO is making immediate changes to help struggling firms... adjusting PAYG installments, pausing debt collection, and limiting compliance action. It's designed to cushion the impact of rising fuel costs while the global situation stabilizes. — — [curious] In economic news, Australia's property markets are showing a tale of two cities. Sydney and Melbourne are diverging significantly from other capital cities in price growth... while Perth stands out as a real standout performer. The Australian dollar has bounced back, now sitting just above 69 US cents as markets digest the government's economic response. — — [urgent] Overseas in the United States... President Donald Trump is signalling a major shift on Iran. He's now saying America could end its military campaign within the next two to three weeks... a dramatic change from earlier positions. This development has global ramifications... especially for fuel prices and Australia's regional interests. — — [serious] In the Asia-Pacific... the Australian government is actively working with Pacific nations to address fuel shortages across the region. Officials are war-gaming solutions as the geopolitical situation continues to impact energy security throughout our neighbourhood. — — [warm] That's NewsCard Daily. For more top stories and quick summaries that keep you informed in minutes, download NewsCard... available in the App Store.