There's no doubt that taking away negative gearing on existing properties will reduce the amount many investors can afford to pay, evening up the playing field for owner-occupiers. But these tax changes by themselves aren't a cure all.
As the nation digests the budget, Australian shares are trading lower, with Commonwealth Bank shares plummeting more than 9 per cent on tax changes. Follow our live markets blog.
Andrew Forrest's Fortescue has been ordered to hand over the largest native title compensation payout in Australian history. But some say it falls painfully short of what is owed.
The call for investigation follows weeks of scrutiny over whether ministers Amanda Camm and Tim Mander had made appropriate conflict of interest declarations relating to their relationship.
