KIIS sues Kyle & Jackie O + Your guide to the budget’s tax reforms
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What recent international events are affecting the Strait of Hormuz?
a listener production. Hi, Sasha Barbagat with you. Welcome to The Briefing. The 2026 federal budget is shaping up to be one of the biggest in recent years when it comes to tax reform. So just how much can we expect that to impact us?
I think there's a lot of disappointment in this Labor government up till now.
How are grocery prices in Australia impacted by global conflicts?
They haven't really done enough. They've been given a whole term. They just got a massive swing to them in their second term. I feel that the pressure is on for them to actually do something with that big majority in parliament.
We break down all the areas we can expect to see changes in tax policy on May 12 after the headlines. With Helen Smith, it is Thursday, April 23rd.
Morning Sash. Starting in the Middle East, Iran says the reopening of the Strait of Hormuz is impossible if the ceasefire continues to be breached. Iran's President Massoud Pesachian says they have welcomed dialogue and agreement and continue to do so, but their main concerns are the U.S. 's breach of commitments, blockade and threats, posting on X that the world sees your endless hypocritical rhetoric and contradiction between claims and actions.
Yeah, so this is all in the wake of Donald Trump announcing that they will extend the ceasefire. It was actually due to wrap up this morning, our time, but they are waiting for a unified proposal from Iran before proceeding with any further peace talks. Now, this all comes amid claims from Iran that its Islamic Revolutionary Guard Corps had seized two cargo ships in the Strait of Hormuz because they were disrupting order and safety. Now, these captured ships reportedly belong to Greece and Panama, and they appear to be part of a larger convoy that belongs to the world's biggest shipping company, MSC, which had been operating in the Persian Gulf before the conflict began.
What changes are being proposed for the NDIS and who will be affected?
Meantime, we've heard from the White House with Press Secretary Carolyn Leavitt unwavering when asked about the continuation of the blockade in the Strait.
Operation Economic Fury continues and the effective and successful naval blockade continues as well of ships and vessels that are moving to and from Iranian ports. We are completely strangling their economy through this blockade.
Now, a timeline for the new extension of the ceasefire between the US and Iran has not been confirmed yet, but it has renewed hopes of a second round of peace talks between the two nations within the next couple of days. Those talks would take place in Islamabad, in Pakistan, and as a result, the city has been on lockdown. But again, Iran says they won't agree to meet until the US ends its blockade on Iran's ports.
Yeah, locals in Islamabad have started complaining because they are still in lockdown because a bunch of streets had to be shut down, shops had to be shuttered, all for the safety of the delegates from the US and Iran. And they are still in lockdown, even though these talks don't have a scheduled date to start yet. So locals there are complaining about that. Now, bringing it closer to home, we are starting to see some trickle-down effects of the war in Iran here when it comes to our grocery prices.
How is the first home buyer scheme influencing housing prices?
We've been warned for weeks, almost months, that we can expect our grocery prices to go up. And now Coles has increased the cost of its home brand milk prices by up to 20 cents a litre and Woolworths is expected to follow. So that's the first in possibly a long line of price increases at the supermarket.
Mm-hmm. Another item that is also being impacted across the globe is condoms. Oh my gosh. So one of the world's biggest condom producers, Carex, is saying that they plan to raise their prices by 20 to 30% due to the war on Iran. And just for some context, they are the owners and suppliers of Durex.
So- the biggest brands in the world.
One of the biggest brands. So it's interesting to see how something just like rubber or latex and the production of that can be so impacted by one conflict.
Australians with autism are set to be the cohort most impacted by sweeping changes announced to the NDIS.
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Chapters
8 chapters
1
What recent international events are affecting the Strait of Hormuz?
0:02–0:24
2
How are grocery prices in Australia impacted by global conflicts?
0:24–1:51
3
What changes are being proposed for the NDIS and who will be affected?
1:51–3:08
4
How is the first home buyer scheme influencing housing prices?
3:08–4:20
5
What tax reforms are expected in the upcoming federal budget?
4:20–8:20
6
What are the implications of proposed changes to capital gains tax?
8:20–11:20
7
How might negative gearing reforms impact property investors?
11:20–12:42
8
What is the current status of tax breaks for electric vehicles?
12:42–25:51
Speakers
5 identifiedMore from The Briefing
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