News live: Australia gives Ukraine another $100m for fight against Russia; AFL great in hospital after truck crash
Summarized and contextualized by DistantNews.
At a glance
- Australia announced an additional $100 million in support for Ukraine's fight against Russia.
- AFL great Tony Modra is in serious condition after a truck accident on his South Australian property.
- Treasurer Jim Chalmers defended recent adjustments to capital gains tax changes, stating they resulted from consultation rather than a policy backtrack.
Australia has pledged another $100 million in support for Ukraine as it continues its defense against Russia. The new funding package was announced as part of ongoing international aid efforts.
I understand that people will level that charge against us, but then itโs more important to us that we get the substance right rather than the politics right.
In domestic news, Australian Football League legend Tony Modra is in serious condition following a truck accident on his property in South Australia. The former player, known for his brilliant career from 1992 to 2001, was hospitalized with undisclosed injuries after the vehicle struck a tree.
Heโs obviously a big part of the Freo family and all I can say is I wish him and his family well.
Meanwhile, Treasurer Jim Chalmers defended the federal government's recent adjustments to its capital gains tax policy. He stated that changes, including an increase in the small business exemption threshold, were the result of "meaningful consultation" and not a capitulation to business pressure. Chalmers argued the broader tax reform remains vital for supporting first-home buyers and ruled out reintroducing a gas export tax.
We have chosen the harder road of reform rather than the political path of least resistance.
Originally published by The Guardian. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.