News Hub
The latest breaking stories
Access up-to-date news and information on a wide range of press releases including business, finance, technology, healthcare, entertainment, and more.
Discover the most important & comprehensive stories delivered directly to you daily.
- Finance Investment, Government Federal
- 13/03/2026
- 06:01
Capital gains tax breaks spread inequitably across ACT and the country
The Australian Capital Territory receives lower than the national average in capital gains tax (CGT) discount benefit, with new ACOSS analysis exposing the inequality of the tax break. People in the ACT receive an average $1,113 in CGT concession each year, which is 24% below the national average of $1,470. The electorate of Canberra is the ACT's highest ranked seat, receiving $202.8 million in CGT discount expenditure each year, at an average of $2,024 per person - nearly double the ACT's average. Bean and Fenner receive considerably less, at $779 and $584 per person respectively. Nationally, the top five electorates…
- Finance Investment, Government Federal
- 13/03/2026
- 06:00
Capital gains tax breaks spread inequitably across Queensland and the country
Brisbane’s inner electorates benefit the most from the capital gains tax discount (CGT), with people in regional and outer areas receiving far less, new ACOSS analysis shows. The electorate of Brisbane, where the average taxable income is $99,285, receives $527.6 million annually in CGT discount expenditure, averaging $3,873 per person - over 2.5 times the national average of $1,470. Meanwhile, someone in Herbert in the state’s north, where the average taxable income is $69,881, receives an average CGT concession of just $409. This is over 12 times less than Brisbane. ACOSS’s analysis of all 150 federal electorates also shows the…
- Finance Investment, Government Federal
- 13/03/2026
- 06:00
Northern Territory fares worst nationally for CGT discount benefits
People in the Northern Territory benefit less from the capital gains tax (CGT) discount than any other state or territory in Australia, new ACOSS analysis shows. The NT’s average CGT discount per person is just $445 - the lowest of any jurisdiction in the country and less than a third of the national average of $1,470. The electorate of Solomon receives $41.9m total benefit from the capital gains discount, an average of $522 per person. The electorate of Lingiari receives $18.2m, equivalent to $331 per person. This is in stark contrast to the top five electorates nationally - all in…
- Finance Investment, Government Federal
- 13/03/2026
- 06:00
Capital gains tax breaks spread inequitably across VIC and the country
A small number of high-income, Melbourne-based electorates benefit the most from capital gains tax (CGT) discount in Victoria, new ACOSS analysis shows. The top four electorates in Victoria - Kooyong, Goldstein, Macnamara and Flinders - receive nearly 10% of national expenditure on the CGT discount, worth around $2.2 billion per year, based on analysis of the latest ATO, Treasury and ABS data. In these electorates, where the combined average taxable income is $105,533, people receive an average capital gains tax break of $4,821. The electorate of Kooyong is the second-highest for the CGT discount benefit nationally after Sydney’s Wentworth, receiving…
- Finance Investment, Government Federal
- 13/03/2026
- 06:00
Unfairness of capital gains tax discount in Tasmania and across the country exposed
People in Tasmania receive the second-lowest benefit from the capital gains discount in the nation, while wealthy electorates in Sydney and Melbourne benefit the most, new ACOSS analysis shows. Tasmania receives just 1% of national expenditure on the CGT concession, worth around $235 million each year,, an average of just $709 per person, with only the Northern Territory benefitting less. The electorate of Clark benefits the most in Tasmania but is still ranked only 71st nationally, receiving $66.3 million per year at an average benefit of $940 per person - far less than the national average benefit of $1,490. Braddon…
- Finance Investment, Government Federal
- 13/03/2026
- 06:00
Wealthiest electorate pockets triple the CGT discount than others in WA
Perth’s wealthiest electorate receives three times more benefit from the capital gains tax (CGT) discount than any other electorate in Western Australia, highlighting how the tax break is skewed towards the state’s wealthiest communities. ACOSS analysis shows that the electorate of Curtin, where the average taxable income is $127,077, receives $579.3 million in CGT discount benefit annually, with the average person benefiting $5,043 per year. That is over three times more than the next highest WA electorate of Tangney, which receives $192.6 million, with each person benefiting $1,608 per year on average. Nationally, Curtin ranks sixth out of 150 electorates…
- Finance Investment, Government Federal
- 13/03/2026
- 06:00
Capital gains tax breaks spread inequitably across NSW and the country
New South Wales receives the greatest share of the capital gains tax (CGT) discount nationally, but the benefit flows overwhelmingly to just a handful of the state’s highest-income, inner-Sydney electorates, new ACOSS analysis shows. The top four NSW electorates by average capital gains tax breaks - Wentworth, Warringah, Bennelong and Bradfield - receive nearly a fifth (18%) of national expenditure on the CGT discount, worth around $4.2 billion per year, based on analysis of the latest ATO, Treasury and ABS data. In these electorates, where the combined average taxable income is $132,731, people receive an average capital gains tax break…
- Finance Investment
- 13/03/2026
- 01:10
Bitget February Report Highlights 86% BTC Yearly Reserve Growth as TradFi and AI Trading Infrastructure Expands
VICTORIA, Seychelles, March 12, 2026 (GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has released its February 2026 Transparency Report, highlighting strong capital inflows, expanding Bitcoin reserves, and new AI-driven trading infrastructure as the platform continues to advance its Universal Exchange (UEX) strategy.During the month, Bitget recorded $205.95 million in net inflows, ranking third globally among centralized exchanges as per DefiLlama. The performance placed Bitget ahead of several larger competitors during a period when multiple exchanges recorded net outflows. Along with this, Bitget’s Bitcoin reserves continued to climb. Data from CryptoQuant shows BTC holdings rising from roughly 19,700…
- Business Finance
- 13/03/2026
- 00:41
Andersen Consulting Broadens Capabilities Through Collaboration with Acumen Learning
SAN FRANCISCO--BUSINESS WIRE-- Andersen Consulting adds depth to its platform through a Collaboration Agreement with Acumen Learning, a U.S.-based firm specializing in business and financial acumen training for leadership development and sales performance. Founded in 2002, Acumen Learning works with Fortune 500 companies to enhance financial literacy, strategic thinking, and decision-making across all levels. Drawing from the principles in their best-selling books “Seeing the Big Picture” and “Business Acumen for Sales Success,” their programs equip leaders and teams to align decisions with corporate strategy, drive performance, and strengthen client relationships. Tailored for industries such as healthcare, energy, and technology, Acumen…
Media Outreach made fast, easy, simple.
Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.