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Jim Chalmers hit backs at Matt Kean’s demand for cost of living relief to be handed out immediately; Meta restores Donald Trump’s access to Facebook, Instagram. Follow updates live.
Crossbench overturns super rules in “massive defeat” for Labor that Coalition says will “let the sunlight in”; Zelensky asks EU for more arms. Follow updates here.
Two-thirds of Australian households are homeowners, so taxing their primary asset would be politically tough. But the family home is deeply tied to other parts of the economy, too.
Treasurer Jim Chalmers is working on plans to attract banks and superannuation funds to set up a social impact investing fund. Follow updates here.
Many borrowers are about to suffer huge interest rate increases independently of the Reserve Bank of Australia’s moves.