AGP Executive Report
Last update: 7 hours agoHormuz Mission: Australia will back a “strictly defensive” UK–France effort to keep Strait of Hormuz shipping lanes open, with Defence Minister Richard Marles saying Canberra will contribute an E-7A Wedgetail surveillance aircraft once the mission is set. Budget Fallout: The 2026 federal budget is still dominating Canberra’s conversation, with the big fight over negative gearing and capital gains tax reforms—while the Coalition vows to repeal them if it wins power. Housing & Taxes: Labor says the changes will improve intergenerational fairness and help younger buyers, but investors and travel operators warn it will hit ambition and costs. Tourism Hit: Overseas travellers face a new passenger movement charge increase, pushing up holiday and return-trip prices. Canberra Politics: One Nation’s new MP David Farley has already turned his debut into a fiery press moment, while Pauline Hanson attacks the budget as a “Sheriff of Nottingham” plan. Local Watch: NSW is also moving to reopen the Great Western Highway at Victoria Pass, with two consortia shortlisted.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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