Carrington Clarke

The other suggested change is around family trusts and the taxation on the income earned from family trusts or the payout from family trusts.

I think for most people, maybe they have less experience with this.

Most families obviously do not have a family trust.

It's a very specific cohort of the population.

What do you make of that and will it have any real economic impact or business impact here in Australia?

Although people might not be admitting to it.

For taxation reasons.

Now, Ian, there was some news unfolding just before we started recording.

As we mentioned in the Fuelcast episode this morning, we were waiting to hear the result of a virtual national cabinet meeting with the federal government and state and territory leaders on fuel security today.

The result of that meeting was

Prime Minister Anthony Albanese announcing that the federal budget will include a $10 billion fuel security and resilience package.

Breaking it down, there will be about $7.5 billion worth of financial support and loans for a fuel and fertiliser security scheme and $3.2 billion for a government-owned Australian fuel security reserve.

very much focused on diesel and aviation fuel.

The Prime Minister did say that it's about ensuring Australia has at least 50 days of fuel supply, and it will include the government having a permanent government-owned fuel security reserve and lifting the minimum stockholding obligation by about 10 days.

Okay, there's a lot of detail in it.

It is an interesting move, isn't it?

At the start of this crisis, the government said, we've got plenty.

We don't need to be hitting the 90 days recommended by the International Energy Agency.

They now seem to be saying, well, we do need to be holding more than we were.

Will this make a difference?