It’s the end of Need to Know this Tuesday, June 21.
Here are some of today’s key events:
New South Wales Budget
Early home buyers were big winners in NSW Treasurer Matt Kean’s budget where he unveiled a stamp duty overhaul to give them the choice of paying stamp duty or property tax annual as part of major reforms aimed at testing an abolition of transfer duties. Other winners were parents and working women, while property investors, among others, were the losers in this year’s NSW budget.
NSW Shadow Treasurer Daniel Mookhey has claimed that if the Coalition is re-elected in March, the property tax for first time homeowners will eventually be extended to residential properties across the state.
Big miners will face three additional tiers of coal royalties as the Palaszczuk government tries to take a bigger slice of soaring coal prices to help pay for its big health and transportation budgets. Read more about Queensland’s other budget losers (and winners) here or read the full game-by-game below.
Brittany Higgins trial
The trial of the man accused of raping former liberal employee Brittany Higgins has been postponed after the ACT Supreme Court determined that a recent media comment had effectively ‘erased’ the prospect of a hearing fair.
Lowe says more rate hikes are needed
Reserve Bank of Australia Governor Philip Lowe said more rate hikes were needed to contain inflation while conceding the central bank’s reputation had suffered after the disorderly end of its monetary policy. yield curve target. As well as forecasting interest rate hikes, Lowe said he doesn’t see an Australian recession on the horizon.