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newsApr 19, 20261:14

Chalmers' Budget: Tax Tweak on Property Gains

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Treasurer Jim Chalmers is reviving a pre-1999 property capital gains tax system, aiming to cool investor frenzy and boost homeownership for first-timers and low-income individuals. This move, supported by a recent poll, is part of a broader push for intergenerational fairness. Meanwhile, business groups advocate for a 25% reduction in red tape by 2030 to streamline operations for various sectors.

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Chalmers' Budget: Tax Tweak on Property Gains

Sydney News Today | 2 Min News | The Daily News Now!

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Sydney News Today | 2 Min News | The Daily News Now!Chalmers' Budget: Tax Tweak on Property Gains. Machine-transcribed; use the interactive transcript above to jump the player to any line.

Small and medium businesses jumping on AI are outpacing those holding back, with new studies dropping Monday showing massive gains across 2.7 million firms. AI users are growing 2.8 times faster, per MWILB research, while the National Australia Bank Survey says 42% of these spots are already deploying it, 44% aren't, and 14% plan too soon. Sectors tell different stories, nearly 70% of property services, 64% of finance and insurance, and 61% of. Business ops are in, but transport lags at just 21% using it, with 58% sitting and out. Hospitality leads in future plans though, with almost 2 in 5 eyeing AI rollout. Productivity pops for adopters. 54% save time, 34% boost output, and job ads now screen for AI know how, hitting 8.5% of postings this year, versus 5.8% early in 2025.

Marketing, sales, even arts and entertainment roles want those skills. Workers stay chill overall. 47% aren't sweating job loss, and most figure AI can't fully copy their gigs, seeing it more as a helper. Experts agree it's augmenting roles, not wiping them out, despite some cuts like it lasting and trimming 10% of 16,000 staff. This AI wave in small bizz is just heating up, promising billions in extra revenue, as more dive in, and pull ahead. Local news, powered by AI. This is Sinny News Today, I'm Corey with The Story.

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