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How sleep loss can lead to weight gain – and worse

<div class="theconversation-article-body"> You stayed up too late scrolling through your phone, answering emails or watching just one more episode. The next morning, you feel groggy and irritable. That sugary pastry or greasy breakfast sandwich suddenly looks more appealing than your usual yogurt and berries. By the afternoon, chips or candy from the break room call your name. This isn’t just about willpower. Your brain, short on rest, is nudging you toward quick, high-calorie fixes. There is a reason why this cycle repeats itself so predictably. Research shows that <a href="https://doi.org/10.1038/s41574-022-00747-7">insufficient sleep disrupts hunger signals</a>, <a href="https://doi.org/10.1016/j.smrv.2021.101514">weakens self-control</a>, <a href="https://doi.org/10.1016/j.metabol.2018.02.010">impairs glucose metabolism</a> and <a href="https://doi.org/10.1002/oby.23539">increases your risk of weight gain</a>. These changes <a href="https://doi.org/10.1523/JNEUROSCI.0250-18.2018">can occur rapidly</a>, even after a single night of poor sleep, and <a href="https://doi.org/10.1111/nyas.14926">can become more harmful over time</a> if left unaddressed. I am a <a href="https://scholar.google.com/citations?user=sTqquL0AAAAJ&hl=en">neurologist specializing in sleep science</a> and its impact on health. Sleep deprivation affects millions. According to the Centers for Disease Control and Prevention, more than one-third of U.S. adults <a href="https://www.cdc.gov/sleep/data-research/facts-stats/adults-sleep-facts-and-stats.html">regularly get less than seven hours of sleep</a> per night. Nearly three-quarters of adolescents <a href="https://www.cdc.gov/sleep/data-research/facts-stats/high-school-students-sleep-facts-and-stats.html?utm_source=chatgpt.com">fall short of the recommended 8-10 hours sleep</a> during the school week. While anyone can suffer from sleep loss, essential workers and first responders, including nurses, firefighters and emergency personnel, are <a href="https://doi.org/10.1136/bmj.i5210">especially vulnerable</a> <a href="https://doi.org/10.3390/jcm13154505">due to night shifts and rotating schedules</a>. These patterns disrupt the body’s internal clock and are linked to increased cravings, poor eating habits and elevated risks for obesity and metabolic disease. Fortunately, even a few nights of consistent, high-quality sleep can help rebalance key systems and start to reverse some of these effects. <h2>How sleep deficits disrupt hunger hormones</h2> Your body regulates hunger through a <a href="https://doi.org/10.1056/NEJMra2402679">hormonal feedback loop</a> <a href="https://doi.org/10.1016/j.peptides.2025.171367">involving two key hormones</a>. Ghrelin, produced primarily in the stomach, signals that you are hungry, while leptin, which is produced in the fat cells, tells your brain that you are full. Even one night of restricted sleep <a href="https://doi.org/10.1002/oby.23616">increases the release of ghrelin and decreases leptin</a>, which leads to greater hunger and reduced satisfaction after eating. This shift is driven by changes in how the <a href="https://doi.org/10.1002/oby.23616">body regulates hunger</a> and stress. Your brain becomes less responsive to fullness signals, while at the same time <a href="https://doi.org/10.1111/obr.13051">ramping up stress hormones</a> that can increase cravings and appetite. These changes are not subtle. In controlled lab studies, healthy adults reported <a href="https://doi.org/10.1111/j.1365-2869.2008.00662.x">increased hunger and stronger cravings</a> for calorie-dense foods after sleeping only four to five hours. The effect worsens with ongoing sleep deficits, which can lead to a <a href="https://doi.org/10.1111/obr.13051">chronically elevated appetite</a>. <figure><iframe src="https://www.youtube.com/embed/r6pItuOoGxc?wmode=transparent&start=0" width="440" height="260" frameborder="0" allowfullscreen="allowfullscreen"></iframe><figcaption>Sleep is as important as diet and exercise in maintaining a healthy weight.</figcaption></figure> <h2>Why the brain shifts into reward mode</h2> Sleep loss changes how your brain evaluates food. Imaging studies show that <a href="https://doi.org/10.1038/ncomms3259">after just one night of sleep deprivation</a>, the prefrontal cortex, which is responsible for decision-making and impulse control, <a href="https://doi.org/10.3945/ajcn.111.027383">has reduced activity</a>. At the same time, <a href="https://doi.org/10.1523/JNEUROSCI.0250-18.2018">reward-related areas such as the amygdala</a> and the nucleus accumbens, a part of the brain that drives motivation and reward-seeking, become <a href="https://doi.org/10.1093/sleep/zsx125">more reactive to tempting food cues</a>. In simple terms, your brain becomes more tempted by junk food and less capable of resisting it. Participants in sleep deprivation studies not only rated high-calorie foods as more desirable but were also <a href="https://doi.org/10.3945/ajcn.111.027383">more likely to choose them</a>, regardless of how hungry they actually felt. <h2>Your metabolism slows, leading to increased fat storage</h2> Sleep is also critical for blood sugar control. When you’re well rested, your body efficiently uses insulin to move sugar out of your bloodstream and into your cells for energy. But even one night of partial sleep can <a href="https://doi.org/10.1210/jc.2009-2430">reduce insulin sensitivity by up to 25%</a>, leaving more sugar circulating in your blood. If your body can’t process sugar effectively, it’s more likely to convert it into fat. This contributes to weight gain, especially around the abdomen. Over time, poor sleep is associated with <a href="https://doi.org/10.1161/CIR.0000000000000444">higher risk for Type 2 diabetes and metabolic syndrome</a>, a <a href="https://www.mayoclinic.org/diseases-conditions/metabolic-syndrome/symptoms-causes/syc-20351916">group of health issues</a> such as high blood pressure, belly fat and high blood sugar that raise the risk for heart disease and diabetes. On top of this, sleep loss raises cortisol, your body’s main stress hormone. <a href="https://doi.org/10.1210/jc.2013-4254">Elevated cortisol encourages fat storage</a>, especially in the abdominal region, and can further disrupt appetite regulation. <h2>Sleep is your metabolic reset button</h2> In a culture that glorifies hustle and late nights, sleep is often treated as optional. But your body doesn’t see it that way. Sleep is not downtime. It is active, essential repair. It is when your brain recalibrates hunger and reward signals, your hormones reset and your metabolism stabilises. Just one or two nights of quality sleep can begin to <a href="https://doi.org/10.1152/ajpendo.00301.2013">undo the damage from prior sleep loss</a> and restore your body’s natural balance. So the next time you find yourself reaching for junk food after a short night, recognize that your biology is not failing you. It is reacting to stress and fatigue. The most effective way to restore balance isn’t a crash diet or caffeine. It’s sleep. Sleep is not a luxury. It is your most powerful tool for appetite control, energy regulation and long-term health.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/255726/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> <a href="https://theconversation.com/profiles/joanna-fong-isariyawongse-1470879">Joanna Fong-Isariyawongse</a>, Associate Professor of Neurology, <a href="https://theconversation.com/institutions/university-of-pittsburgh-854">University of Pittsburgh</a> This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/sleep-loss-rewires-the-brain-for-cravings-and-weight-gain-a-neurologist-explains-the-science-behind-the-cycle-255726">original article</a>. Image: Pexels / Ron Lach </div>

Body

Council to refund up to $12m in parking fines after 12-year error

Drivers across Melbourne’s inner north are set to be refunded millions of dollars in parking fines after Merri-bek City Council admitted to overcharging motorists for more than a decade due to an administrative blunder. The council, formerly known as Moreland, revealed this week it had incorrectly issued parking fines worth up to $12 million between July 1, 2013 and June 11, 2025. Around 248,000 infringements are believed to be affected, with individual refunds ranging from $43 to $59 depending on when the fine was issued. The error stemmed from the council charging 0.5 penalty units for certain parking violations – without having the necessary resolution in place. Under Victorian law, in the absence of a formal resolution, the maximum charge should have been 0.2 penalty units. “Unfortunately, it has recently been discovered that there was no resolution in place setting this value,” the council said in a statement. “This was due to an administrative error in 2013, which has not been identified until recently.” The fines in question relate primarily to overstaying time limits in “green sign zones” and other minor parking infringements. The 11 affected offence types include failing to park at the correct angle, parking outside a marked bay, or stopping in designated motorbike or bicycle parking areas. Merri-bek City Council chief executive officer Cathy Henderson apologised for the long-standing oversight. “Today’s announcement reflects Merri-bek City Council’s commitment to integrity, transparency and fairness. Now that we have found the mistake, we are fixing it,” she said. “This is a regrettable historical administrative error, and we apologise for the impact of the overcharge.” Henderson emphasised that parking fines are reinvested into community services and facilities, and that parking controls remain necessary to ensure fair access to limited spaces. The council will launch a Parking Fines Refund Scheme in July, offering affected motorists 12 months to apply for a refund. Fines Victoria has confirmed it will place impacted outstanding fines on hold during this process, suspending enforcement action and additional fees. “Fines Victoria will continue to work with Merri-bek City Council as they take action to resolve this matter,” the agency said in an online statement. Drivers keen to find out if they are eligible for a refund can <a href="https://www.merri-bek.vic.gov.au/my-council/news-and-publications/news/parking-fines-refund-scheme/" target="_blank" rel="noopener">visit the Merri-bek City Council website</a> for further details. Image: Merri-bek City Council

Legal

Jaws at 50: how two musical notes terrified an entire generation

<div class="theconversation-article-body"> Our experience of the world often involves hearing our environment before seeing it. Whether it’s the sound of something moving through nearby water, or the rustling of vegetation, our fear of the unseen is rooted in our survival instincts as a species. Cinematic sound and music taps into these somewhat unsettling instincts – and this is exactly what director Steven Spielberg and composer John Williams achieved in the iconic 1975 thriller Jaws. The sound design and musical score work in tandem to confront the audience with a mysterious killer animal. In what is arguably the film’s most iconic scene, featuring beach swimmers’ legs flailing underwater, the shark remains largely unseen – yet the sound perfectly conveys the threat at large. <figure><iframe src="https://www.youtube.com/embed/rW23RsUTb2Y?wmode=transparent&start=0" width="440" height="260" frameborder="0" allowfullscreen="allowfullscreen"></iframe></figure> <h2>Creating tension in a soundtrack</h2> Film composers aim to create soundscapes that will profoundly move and influence their audience. And they express these intentions through the use of musical elements such as rhythm, harmony, tempo, form, dynamics, melody and texture. In Jaws, the initial encounter with the shark opens innocently with the sound of an offshore buoy and its clanging bell. The scene is established both musically and atmospherically to evoke a sense of isolation for the two characters enjoying a late-night swim on an empty beach. But once we hear the the low strings, followed by the central two-note motif played on a tuba, we know something sinister is afoot. <figure><iframe src="https://www.youtube.com/embed/yrEvK-tv5OI?wmode=transparent&start=0" width="440" height="260" frameborder="0" allowfullscreen="allowfullscreen"></iframe></figure> This compositional technique of alternating between two notes at an increasing speed has long been employed by composers, including by Antonín Dvořák in his 1893 work <a href="https://www.youtube.com/watch?v=jOofzffyDSA&pp=ygUcdGhlIG5ldyB3b3JsZCBzeW1waG9ueSBuby4gOQ==">New World Symphony</a>. John Williams <a href="https://limelight-arts.com.au/features/the-music-of-jaws-an-interview-with-john-williams/">reportedly used</a> six basses, eight cellos, four trombones and a tuba to create the blend of low frequencies that would go on to define his entire Jaws score. The bass instruments emphasise the lower end of the musical frequency spectrum, evoking a dark timbre that conveys depth, power and intensity. String players can use various <a href="https://en.wikipedia.org/wiki/Violin_technique">bowing techniques</a>, such as staccato and marcato, to deliver dark and even menacing tones, especially in the lower registers. Meanwhile, there is a marked absence of tonality in the repeating E–F notes, played with increasing speed on the tuba. Coupled with the intensifying dynamics in the instrumental blend, this accelerating two-note motif signals the looming danger before we even see it – tapping into our instinctive fear of the unknown. <figure><iframe src="https://www.youtube.com/embed/BQKLJ2MuHvY?wmode=transparent&start=0" width="440" height="260" frameborder="0" allowfullscreen="allowfullscreen"></iframe></figure> The use of the two-note motif and lower-end orchestration characterises a composition style that aims to unsettle and disorientate the audience. Another example of this style can be heard in Bernard Herrmann’s <a href="https://www.youtube.com/watch?v=9kvzZ6nkZ6Q">car crash scene audio</a> in North by Northwest (1959). Similarly, in Sergei Prokofiev’s <a href="https://www.youtube.com/watch?app=desktop&v=Y4U7wNZu-CU%22%22">Scythian Suite</a>, the opening of the second movement (Dance of the Pagan Gods) uses an alternating D#–E motif. The elasticity of Williams’ motif allows the two notes to be played on different instruments throughout the soundtrack, exploring various timbral possibilities to induce a kaleidoscope of fear, panic and dread. <h2>The psychology behind our response</h2> What is it that makes the Jaws soundtrack so psychologically confronting, even without the visuals? Music scholars have various theories. <a href="https://boldentrance.com/the-power-of-jaws-is-in-john-williams-two-note-musical-score/">Some suggest</a> the two notes imitate the sound of human respiration, while others have proposed the theme evokes the heartbeat of a shark. Williams explained his approach <a href="https://www.latimes.com/entertainment/la-ca-john-williams-20120108-story.html">in an interview</a> with the Los Angeles Times: <blockquote> I fiddled around with the idea of creating something that was very … brainless […] Meaning something could be very repetitious, very visceral, and grab you in your gut, not in your brain. […] It could be something you could play very softly, which would indicate that the shark is far away when all you see is water. Brainless music that gets louder and gets closer to you, something is gonna swallow you up. </blockquote> Williams plays with the audience’s emotions throughout the film’s score, culminating in the scene Man Against Beast – a celebration of thematic development and heightened orchestration. <figure><iframe src="https://www.youtube.com/embed/xrjUIz7fy6c?wmode=transparent&start=0" width="440" height="260" frameborder="0" allowfullscreen="allowfullscreen"></iframe></figure> The film’s iconic soundtrack has created a legacy that extends beyond the visual. And this suggests the score isn’t just a soundtrack – but a character in its own right. By using music to reveal what is hidden, Williams creates an intense emotional experience rife with anticipation and tension. The score’s two-note motif showcases his genius – and serves as a sonic shorthand that has kept a generation behind the breakers of every beach.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/258068/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> By <a href="https://theconversation.com/profiles/alison-cole-1443114">Alison Cole</a>, Composer and Lecturer in Screen Composition, Sydney Conservatorium of Music, <a href="https://theconversation.com/institutions/university-of-sydney-841">University of Sydney</a> This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/jaws-at-50-how-two-musical-notes-terrified-an-entire-generation-258068">original article</a>. Image: </div>

Movies

“We are righting the wrongs”: Excavation begins to unearth nearly 800 lost children

WARNING: Distressing content A tranquil, walled patch of grass in a quiet Irish housing estate is about to expose one of Ireland’s darkest secrets. The site, in the town of Tuam, 220km west of Dublin, is the final resting place for significant quantities of human remains – the victims of a brutal chapter in the nation’s history known as the “mother and baby” home scandal. From 1925 to 1961, Tuam’s mother and baby home, run by the Bon Secours nuns, housed women who became pregnant outside of marriage – and their children, many of whom died in disturbing numbers. The institution was demolished in 1972, but the land lay largely untouched. That will change next month, as excavation teams begin the delicate task of recovering the bodies buried in what is believed to be a disused septic tank. “There are so many babies, children just discarded here,” said Catherine Corless, the local historian whose painstaking research uncovered the mass grave and sparked national reckoning. In 2014, Corless, now 71, produced evidence showing that 796 children, from newborns to age nine, died at the Tuam home. “There are no burial records for the children, no cemetery, no statue, no cross – absolutely nothing,” she said. Despite early investigations and the identification of human remains in underground chambers in 2016 and 2017, it took until 2022 for Ireland’s parliament to pass legislation allowing excavation of the Tuam site. For Corless, it has been a long and painful campaign. “It’s been a fierce battle – when I started this, nobody wanted to listen. At last, we are righting the wrongs,” she said. “I was just begging: take the babies out of this sewage system and give them the decent Christian burial that they were denied.” The mother and baby homes were institutions where unmarried pregnant women were sent, isolated from society and often separated from their babies through forced adoption. A state inquiry revealed that between 1922 and 1998, around 56,000 women and 57,000 children passed through 18 such homes across Ireland. More than 9,000 children died. Anna Corrigan, 70, is among those seeking answers. She only learned in her 50s that her late mother had given birth in Tuam to two boys – John and William – whose fates remain unclear. “They prevaricate, they obfuscate, they make it difficult for people to get to the truth,” Corrigan said. “There are dirty little secrets in Ireland that have to be kept hidden.” For Corrigan and others, the coming excavation is a bittersweet step forward. A specialist team, appointed last year, will search for remains, conduct DNA testing and arrange dignified reburials. “I never thought I’d see the day that we’d get over so many hurdles – push them to finally excavate what I call the ‘pit,’ not a grave,” Corrigan said. “I’m glad it’s starting, but if we can even find and identify a certain amount, it’s not going to give us all closure.” As excavation crews prepare to break the ground that has kept these stories hidden for so long, Ireland faces a fresh confrontation with a painful past – and the opportunity, at last, to honour lives lost in silence. Images: Aeon.com

Caring

What does Trump’s looming ‘revenge tax’ mean for Australia?

<div class="theconversation-article-body">The Australian Labor Party just won an <a href="https://theconversation.com/albanese-increases-majority-and-dutton-loses-seat-in-stunning-election-landslide-255616">election victory for the ages</a>. Now, it may be forced to walk back one of the key achievements of its first term. Here’s why: United States President Donald Trump is about to declare an income tax war on much of the world – and we Australians are not on the same side. Over in the US, the “<a href="https://www.congress.gov/bill/119th-congress/house-bill/1/text">One Big Beautiful Bill act</a>” – a tax and spending package worth trillions of dollars – has been <a href="https://www.theguardian.com/us-news/2025/may/22/what-is-trump-big-beautiful-bill">passed</a> by the House of Representatives. It’s now before the Senate for consideration. Within it lies a new and highly controversial provision: <a href="https://www.axios.com/2025/05/30/taxes-section-899-big-beautiful-bill">Section 899</a>. This increases various US tax rates payable by taxpayers from any country the US claims is maintaining an “unfair foreign tax” by five percentage points each year, up to an additional 20% loading. Having been an integral part of an international effort to create a global 15% minimum tax, Australia now finds itself in the firing line of Trump’s “<a href="https://finance.yahoo.com/news/revenge-tax-buried-deep-budget-213451951.html">revenge tax</a>” warfare – and it’s a fight we’re unlikely to win. <h2>A global minimum tax rate</h2> The origins of the looming income tax war <a href="https://www.oecd.org/en/publications/2013/07/action-plan-on-base-erosion-and-profit-shifting_g1g30e67.html">started in 2013</a>, when the Organisation for Economic Co-operation and Development (<a href="https://www.oecd.org/en/about.html">OECD</a>) released its plan to stamp out “base erosion and profit shifting”. This refers to a range of strategies often used by multinational companies to minimise the tax they pay, exploiting differences and gaps in the tax rules of different countries. The OECD’s first attempt to tackle the problem was a collection of disparate measures directed not only at corporate tax avoidance, but also controlling tax poaching by national governments and “<a href="https://www.theguardian.com/politics/2013/apr/29/sweetheart-tax-deals">sweetheart deals</a>” negotiated by tax officials. Under both Labor and the Coalition, Australia was initially an enthusiastic backer of these attempts. However, the project was not a widespread success. Many countries endorsed the final reports but, unlike Australia, few countries acted on them. After the failure of this first project, the OECD tried again in 2019. This evolved to encompass two “pillars” to change the global tax rules. <a href="https://www.oecd.org/content/dam/oecd/en/topics/policy-issues/cross-border-and-international-tax/pillar-one-amount-a-fact-sheet.pdf">Pillar one</a> would give more tax to countries where a company’s customers are located. <a href="https://www.oecd.org/en/topics/sub-issues/global-minimum-tax/global-anti-base-erosion-model-rules-pillar-two.html">Pillar two</a> is a minimum tax of 15% on (a version of) the accounting profits of the largest multinationals earned in each country where the multinational operates. Labor picked up this project for the 2022 election, <a href="https://jimchalmers.org/latest-news/media-releases/labor-s-plan-to-ensure-multinationals-pay-their-fair-share-of-tax/">promising</a> to support both pillars – and they honoured that promise. <h2>Mixed success</h2> Around the world, the two pillar project had mixed success. Pillar one was dead-on-arrival: most countries did nothing. But Australia and several other countries, mostly in Europe, implemented pillar two – the global minimum tax. The OECD has always maintained the base erosion and profit shifting (BEPS) project was a coalition of the willing, meant to rebalance the way income tax is allocated between producer and consumer countries, and rid the world of tax havens. In the US, Republicans <a href="https://www.reuters.com/world/us/yellen-us-negotiating-rd-tax-credit-part-global-tax-deal-2024-04-30/">did not share that view</a>. For them, BEPS was simply another attempt by foreign countries to get more tax from US companies. This Republican dissatisfaction with the OECD is now on full display. On the first day of his second term, Trump issued an <a href="https://www.whitehouse.gov/presidential-actions/2025/01/the-organization-for-economic-co-operation-and-development-oecd-global-tax-deal-global-tax-deal/">executive order</a>, formally repudiating any OECD commitments the Biden administration might have given. He also directed his officials to report on options for retaliatory measures the US could take against any foreign countries with income tax rules that are “extraterritorial” or “disproportionately affect American companies”. <h2>Why Australia is so exposed</h2> Australia could find itself in the firing line of Trump’s tax warfare on many fronts. And the US doesn’t lack firepower. Section 899 adds to a number of <a href="https://theconversation.com/what-is-the-90-year-old-tax-rule-trump-could-use-to-double-us-taxes-on-foreigners-248154">retaliatory tax provisions</a> the US already had at its disposal. The increased tax rates would affect Australian super funds and other investors earning dividends, rent, interest, royalties and other income from US companies. Australian super funds in particular are heavily invested in US markets, which have outperformed local stocks in recent years. It would also affect Australian managed funds owning land and infrastructure assets in the US, as well as Australian entities such as banks that carry on business in the US. And there are other measures that would expose US subsidiaries of Australian companies to US higher tax. The bill would even remove the doctrine of sovereign immunity for the governments of “offending” countries. <a href="https://www.ato.gov.au/individuals-and-families/your-tax-return/if-you-disagree-with-an-ato-decision/object-to-a-decision/what-to-include-in-your-objection/supporting-information-to-provide/sovereign-immunity">Sovereign immunity</a> refers to a tax exemption on returns that usually applies to governments. This means the Australian government itself could have to pay tax to the US. There are <a href="https://www.bloomberg.com/news/articles/2025-05-30/trump-revenge-tax-would-lower-foreign-investment-in-us-scorekeeper-predicts">concerns on Wall Street</a> this will dampen demand for US government bonds from foreign governments, which are big buyers of US Treasuries. The argument may sway some in the Senate – but how many remains to be seen. <h2>What Australia may need to do next</h2> We may be incredulous that anyone would consider our tax system combative, but enacting the OECD pillar two was always known to be risky. There are other, homegrown Australian tax measures that have drawn American ire. In 2015, Australia enacted an income tax measure (commonly called the “<a href="https://www.smh.com.au/business/the-economy/google-restructures-to-avoid-hefty-penalties-in-australia-as-tax-bill-hits-16-million-20160429-goi8fl.html">Google tax</a>”) specifically directed at US tech companies. In 2017, we followed this up with a <a href="https://www.ato.gov.au/businesses-and-organisations/international-tax-for-business/in-detail/doing-business-in-australia-or-overseas/diverted-profits-tax">diverted profits tax</a>. Trump’s bill specifically targets both measures. Tying ourselves to the OECD’s global minimum tax project might have seemed like a good idea in 2019. In 2025, it looks decidedly unappealing, and not just because of Trump. First, there is not actually any serious revenue in pillar two for Australia. Treasury’s <a href="https://archive.budget.gov.au/2023-24/bp2/download/bp2_2023-24.pdf">revenue estimate</a> totalled only $360 million after four years, just slightly more than a rounding error in the federal budget. Second, we are increasingly alone and vulnerable in this battle. It might feel emotionally satisfying to stand up to the US. If there was a sizeable coalition alongside us, there might be some point. If Trump’s One Big Beautiful Bill act does pass through the US Senate, the Australian government and business will be left exposed to much higher costs. Since abandoning the US market is not really an option, it might be time to surrender quietly and gracefully – by reversing, at the very least, the contentious bits of pillar two.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/257961/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> By <a href="https://theconversation.com/profiles/graeme-cooper-3215">Graeme Cooper</a>, Professor of Taxation Law, <a href="https://theconversation.com/institutions/university-of-sydney-841">University of Sydney</a> This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/australia-is-in-the-firing-line-of-trumps-looming-revenge-tax-its-a-fight-were-unlikely-to-win-257961">original article</a>. Image: Pexels / Nataliya Vaitkevich </div>

Money & Banking

How this driver lost 22 demerit points and $1800 in a single traffic stop

A NSW learner driver has been hit with nearly $1,800 in fines and an eye-watering 22 demerit points in a single traffic stop, prompting police to issue a stern reminder about the importance of following road rules – especially for novice drivers. The incident occurred on Sunday afternoon when Mittagong Highway Patrol officers clocked a silver Saab convertible travelling at 129km/h in a 110km/h zone on the Hume Highway near Penrose. What initially appeared to be a simple speeding matter quickly snowballed into a catalogue of serious offences. The driver – a male holder of a NSW Learner's Class C licence – should not have been travelling above 90km/h and was also found not to be displaying the required yellow L plates on either the front or rear of the vehicle. Upon stopping the vehicle at 4.15pm, officers discovered a mobile phone mounted near the steering wheel, playing a YouTube music video. When questioned, the driver swiped the screen to a map app and claimed he was "just looking at the map". In NSW, learner and provisional drivers are prohibited from using a mobile phone for any reason, including navigation. Compounding the offences, the driver’s female supervisor told police she had been asleep in the passenger seat – a direct violation of her legal duty to actively supervise the learner. The full list of infringements included: Exceeding speed by more than 30km/h: $1,045 fine and 10 demerit points (doubled for long weekend); Learner using a mobile phone: $410 fine and 10 demerit points (doubled); Failure to display L plates: $320 fine and 2 demerit points (doubled). With double demerits in effect due to the long weekend, the driver racked up 22 demerit points – far exceeding the four-point limit for learners – resulting in an automatic licence suspension, with a formal disqualification from NSW Transport to follow. The female supervisor also received a penalty for failing to fulfil her supervisory obligations. NSW Traffic and Highway Patrol officers said the case is a stark example of reckless behaviour behind the wheel and urged all drivers, especially learners, to understand and respect the rules of the road. Images: NSW Traffic and Highway Patrol Command “This is exactly what not to do,” an officer said.

Legal

ABC rumoured to be axing Q+A amid fresh round of cuts

Long-running ABC current affairs program Q+A is reportedly facing the axe after 17 years on Australian television, with multiple media outlets citing unnamed sources within the national broadcaster. The influential panel show, which launched in 2008 with Tony Jones as host, is said to have been dropped ahead of its scheduled return in August. The decision places Q+A among a growing list of legacy programs facing the chopping block, coming just days after Channel Ten confirmed it was ending The Project following a 16-year run. Q+A went into its scheduled hiatus in mid-May, and it remains unclear whether it will return at all in 2025. ABC’s new managing director, Hugh Marks, is expected to reveal sweeping changes at the public broadcaster this week, including potential staff redundancies and confirmation of the show’s fate. The Media Entertainment and Arts Alliance (MEAA) warned ABC staff on Tuesday that job cuts were imminent, with employees reportedly being called into meetings to discuss a major restructure. Marks, who replaced David Anderson in March, has previously signalled a focus on streamlining the broadcaster’s operations, suggesting the ABC may need to “do fewer things better” in the future. In addition to cuts, the ABC is expected to announce new content initiatives, including a dedicated documentary unit championed by ABC chair Kim Williams. Created by executive producer Peter McEvoy, Q+A debuted in May 2008 and quickly became a flagship program for the ABC. Its format, inspired by the BBC’s Question Time, brought politicians, experts and members of the public together to debate national issues in real time. Following Jones’ departure in 2019, the show struggled to maintain its ratings. Hamish Macdonald took over as host in 2020, before stepping down amid mixed reviews. Stan Grant’s brief tenure in 2022 ended after he became the target of racist abuse unrelated to the show. The current host, Patricia Karvelas, has led the program since early 2023. While viewership has modestly improved under Karvelas, the show’s ratings remain among the lowest in the ABC’s current affairs stable. A 2023 “Garma Special” episode drew just 84,000 metro viewers – Q+A’s lowest figures on record. The ABC has not officially confirmed the program’s cancellation. However, the coming days are expected to bring clarity as the national broadcaster embarks on a major overhaul under new leadership. Image: ABC

‘Not available in your region’: what is a VPN and how can I use one safely?

<div class="theconversation-article-body"> “This video is not available in your location”. It’s a message familiar to many people trying to watch global content online. But beneath this frustration lies a deeper question – how do we navigate digital borders safely and ethically? As our digital lives expand, so too does our desire for access. Maybe you want to see the latest streaming shows before they arrive in your country. Maybe you’re a sports fan wanting to watch live broadcasts of international events. Or perhaps you need to log into your company’s secure intranet while at home or overseas. Enter the virtual private network (VPN) – a technology that’s become as essential as antivirus software for many. With many commercial and free VPN providers on the market, interest in these services <a href="https://www.comparitech.com/vpn/vpn-statistics/">has grown in recent years</a>. <h2>How does a VPN work?</h2> A <a href="https://computingaustralia.com.au/5-minute-helpdesk-what-is-a-vpn-and-why-should-i-use-one/">VPN</a> is like a secure tunnel between your device and the internet. When you use a VPN, your <a href="https://www.esafety.gov.au/key-topics/online-tools-and-features/encryption">internal traffic is scrambled into unreadable data</a> and routed through a remote server, which also masks your real IP address. Think of it like this: instead of sending a postcard with your return address, you send it in an envelope to a trusted friend overseas who mails it on your behalf. To anyone looking at the envelope, it looks like the message came from your friend and not you. This technique shields your identity, protects your data from snoopers, and tricks websites into thinking you are browsing from another location. While often marketed as <a href="https://www.le-vpn.com/australia-cyber-privacy-vpn/">tools for online privacy</a>, VPNs have grown popular for another reason: access. Many people use VPNs to access geo-blocked content, secure their internet activity, work remotely – <a href="https://www.cyber.gov.au/protect-yourself/staying-secure-online/security-tips-remote-working">especially when handling sensitive data</a> – and protect against online tracking and targeted advertising. <h2>VPNs are legal, if a bit grey</h2> VPN services are offered by dozens of providers globally. Companies such as NordVPN, ProtonVPN, ExpressVPN and Surfshark offer paid subscriptions with strong security guarantees. Free VPNs also exist but come with caveats (more on this in a moment). In <a href="https://us.norton.com/blog/privacy/are-vpns-legal">most countries</a>, including <a href="https://www.cyber.gov.au/protect-yourself/staying-secure-online/connecting-to-public-wi-fi">Australia</a>, using a VPN is completely legal. However, what makes it murky is what one might use it for. While using a VPN is legal, engaging in illegal activities while using one remains prohibited. Streaming services like Netflix or Disney+ license content by region. Using a VPN to access a foreign catalogue may violate their terms of service and potentially be grounds for account suspension. Australian law does not criminalise accessing geo-blocked content via VPN, but the copyright act does prohibit circumventing “technological protection measures” in certain cases. The grey area lies in enforcement. Technically, copyright law does ban getting around certain protections. However, the <a href="https://www.copyright.org.au/browse/book/ACC-Geoblocking%2C-VPNs-%26-Copyright-INFO127">latest advice does not mention</a> any cases where regular users have been taken to court for this kind of behaviour. So far, enforcement has mostly targeted websites and platforms that host or enable large-scale copyright infringement; not everyday viewers who want to watch a show a bit early. <h2>Beware of ‘free’ VPNs</h2> Not all VPNs are created equal. While premium services invest in strong encryption and privacy protections, free VPNs often make money by collecting user data – <a href="https://www.choice.com.au/electronics-and-technology/internet/connecting-to-the-internet/buying-guides/vpn-services">the very thing you may be trying to avoid</a>. Risks of unsafe VPNs include data leaks, injection of ads or trackers into your browsing, and malware and spyware, <a href="https://www.abc.net.au/news/2017-01-25/viruses-spyware-found-in-alarming-number-of-android-vpn-apps/8210796">especially in free mobile apps</a> that claim to provide a VPN service. Using a poorly designed or dishonest VPN is like hiring a bodyguard who sells your location. It might give the impression of safety, but you may actually be more vulnerable than before. <h2>Okay, so how do I choose a VPN?</h2> With so many VPNs available, both free and paid, it can be hard to know which one to trust. If you are considering a VPN, here are five things to look for. <a href="https://www.expressvpn.com/what-is-vpn/policy-towards-logs">No-log policy</a>. A trustworthy VPN should have a strict no-log policy, meaning it does not store any records of your internet activity, connection time or IP address. This ensures even if the VPN provider is hacked, subpoenaed or pressured by a government, they have nothing to hand over. Strong encryption standards. Encryption is what makes your data unreadable to anyone snooping on your connection, such as hackers on public WiFi or your internet provider. A somewhat technical thing to look out for is <a href="https://www.kiteworks.com/risk-compliance-glossary/aes-256-encryption/">AES 256-bit encryption</a> – it’s extremely secure and is used by banks and governments. Independent audits. Reliable VPN services <a href="https://vpncentral.com/nordvpn-reaffirms-no-log-claims-with-fifth-deloitte-audit/">voluntarily undergo third-party audits</a> to verify their privacy claims and the security of their infrastructure. Kill switch. A kill switch is a critical safety feature that automatically blocks internet traffic if the VPN connection drops. This prevents your real IP address and data from being exposed, even momentarily. Jurisdiction. VPNs are subject to the laws of the country they are based in. The countries in the <a href="https://cyberinsider.com/5-eyes-9-eyes-14-eyes/">Five Eyes intelligence alliance</a> (Australia, Canada, United Kingdom, United States and New Zealand) may legally compel providers to hand over user data. If a VPN service has a strict no-log policy and does not collect information about what you do online, then even under legal pressure, there is nothing to hand over. So, you are safe. In an era of growing surveillance, cybercrime and corporate data collection, VPNs are essential tools for reclaiming your online privacy and data. But like any tool, the effectiveness (and ethics) of VPNs depend on how you use them. Next time you fire up your VPN, ask yourself – am I just dodging a digital border, or actively protecting my online freedom?<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/256559/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> By <a href="https://theconversation.com/profiles/meena-jha-542776">Meena Jha</a>, Head Technology and Pedagogy Cluster CML-NET, <a href="https://theconversation.com/institutions/cquniversity-australia-2140">CQUniversity Australia</a> This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/not-available-in-your-region-what-is-a-vpn-and-how-can-i-use-one-safely-256559">original article</a>. </div>

Technology

Iconic singer reveals sad diagnosis

Morten Harket, the iconic voice behind A-ha’s global smash "Take on Me", has revealed he has been diagnosed with Parkinson’s disease – a progressive condition that may bring an end to his singing career. The 65-year-old Norwegian singer shared the news in a moving interview published on the band’s official website, explaining that although treatment has eased some of the condition’s physical toll, it has also affected his voice – the very heart of his artistry. “I don’t feel like singing, and for me that’s a sign,” Harket said candidly. “As things stand now, that’s out of the question.” For the past year, Harket has undergone deep brain stimulation, a complex treatment involving two surgeries to implant electrodes on both sides of his brain. The procedure delivers electrical impulses that help control tremors and muscle stiffness, but in Harket’s case, has also dulled his soaring vocal range. Despite the gravity of the diagnosis, Harket said he feels at peace with it. He credits his 94-year-old father for encouraging him to “use whatever works” in coping with the challenges of the degenerative disorder. “There’s so much to weigh up,” he said. “It’s a difficult balancing act between taking the medication and managing its side effects.” A-ha last toured in 2020 and played what may be their final show together in 2022 at the Hollywood Bowl. Harket said he has continued to work on new music but is unsure whether the songs will ever be finished. Still, in classic form, he offered fans words of hope rather than despair. “Don’t worry about me,” he said. “Spend your energy addressing real problems… and know that I am being taken care of.” Images: Instagram

Caring

Most of us will leave behind a large ‘digital legacy’ when we die. Here’s how to plan what happens to it

<div class="theconversation-article-body"> Imagine you are planning the funeral music for a loved one who has died. You can’t remember their favourite song, so you try to login to their Spotify account. Then you realise the account login is inaccessible, and with it has gone their personal history of Spotify playlists, annual “wrapped” analytics, and liked songs curated to reflect their taste, memories, and identity. We tend to think about inheritance in physical terms: money, property, personal belongings. But the vast volume of digital stuff we accumulate in life and leave behind in death is now just as important – and this “<a href="https://digitallegacyassociation.org">digital legacy</a>” is probably more meaningful. Digital legacies are increasingly complex and evolving. They include now-familiar items such as social media and banking accounts, along with our stored photos, videos and messages. But they also encompass virtual currencies, behavioural tracking data, and even AI-generated avatars. This digital data is not only fundamental to our online identities in life, but to our inheritance in death. So how can we properly plan for what happens to it? <h2>A window into our lives</h2> Digital legacy is commonly classified into two categories: <a href="https://www.esafety.gov.au/key-topics/digital-wellbeing/what-happens-to-your-digital-accounts-after-you-die">digital assets and digital presence</a>. Digital assets include items with economic value. For example, domain names, financial accounts, monetised social media, online businesses, virtual currencies, digital goods, and personal digital IP. Access to these is spread across platforms, hidden behind passwords or restricted by privacy laws. Digital presence includes content with no monetary value. However, it may have great personal significance. For example, our photos and videos, social media profiles, email or chat threads, and other content archived in cloud or platform services. There is also data that might not seem like content. It may not even seem to belong to us. This includes analytics data such as health and wellness app tracking data. It also includes behavioural data such as location, search or viewing history collected from platforms such as Google, Netflix and Spotify. This data reveals patterns in our preferences, passions, and daily life that can hold intimate meaning. For example, knowing the music a loved one listened to on the day they died. Digital remains now also include scheduled <a href="https://go-paige.com/memories/">posthumous messages</a> or <a href="https://www.hereafter.ai">AI-generated avatars</a>. All of this raises both practical and ethical questions about identity, privacy, and corporate power over our digital afterlives. Who has the right to access, delete, or transform this data? <h2>Planning for your digital remains</h2> Just as we prepare wills for physical possessions, we need to plan for our digital remains. Without clear instructions, important digital data may be lost and inaccessible to our loved ones. In 2017, I helped develop key recommendations for <a href="https://accan.org.au/files/Grants/Death%20and%20the%20Internet_2017-web.pdf">planning your digital legacy</a>. These include: <ul> <li>creating an inventory of accounts and assets, recording usernames and login information, and if possible, downloading personal content for local storage</li> <li>specifying preferences in writing, noting wishes about what content should be preserved, deleted, or shared – and with whom</li> <li>using password managers to securely store and share access to information and legacy preferences</li> <li>designating a <a href="https://www.tonkinlaw.com/resources/digital-estate-planning-victoria-safeguarding-online-assets/">digital executor</a> who has legal authority to carry out your digital legacy wishes and preferences, ideally with legal advice</li> <li>using legacy features on available platforms, such as <a href="https://www.facebook.com/help/1070665206293088">Facebook’s Legacy Contact</a>, <a href="https://support.google.com/accounts/answer/3036546?hl=en">Google’s Inactive Account Manager</a>, or <a href="https://digital-legacy.apple.com">Apple’s Digital Legacy</a>.</li> </ul> <h2>What if your loved one left no plan?</h2> These steps may sound uncontroversial. But digital wills remain uncommon. And without them, managing someone’s digital legacy can be fraught with legal and technical barriers. Platform terms of service and privacy rules often prevent access by anyone other than the account holder. They can also require official documentation such as a death certificate before granting limited access to download or close an account. In such instances, gaining access will probably only be possible through imperfect workarounds, such as searching online for traces of someone’s digital life, attempting to use account recovery tools, or scouring personal documents for login information. <figure><iframe src="https://www.youtube.com/embed/WmQH27MNLz8?wmode=transparent&start=0" width="440" height="260" frameborder="0" allowfullscreen="allowfullscreen"></iframe></figure> <h2>The need for better standards</h2> Current platform policies have clear limitations for handling digital legacies. For example, policies are inconsistent. They are also typically limited to memorialising or deleting accounts. With no unified framework, service providers often prioritise data privacy over family access. Current tools prioritise visible content such as profiles or posts. However, they exclude less visible yet equally valuable (and often more meaningful) behavioural data such as listening habits. Problems can also arise when data is removed from its original platform. For example, photos from Facebook can lose their social and relational meaning without their associated comment threads, reactions, or interactivity. Meanwhile, emerging uses of posthumous data, especially AI-generated avatars, raise urgent issues about digital personhood, ownership, and possible harms. These “digital remains” may be stored indefinitely on commercial servers without standard protocols for curation or user rights. The result is a growing tension between personal ownership and corporate control. This makes digital legacy not only a matter of individual concern but one of digital governance. <a href="https://www.archivists.org.au/community/representation/standards-australias-committee-it-21-records-management-and-archives">Standards Australia</a> and the <a href="https://dcj.nsw.gov.au/news-and-media/media-releases-archive/2022/reform-to-allow-data-access-after-death.html">New South Wales Law Reform Commission</a> have recognised this. Both organisations are seeking <a href="https://lawreform.nsw.gov.au/documents/Current-projects/Digital%20assets/Preliminary%20submissions/PDI10.pdf">consultation</a> to develop frameworks that address inconsistencies in platform standards and user access. Managing our digital legacies demands more than practical foresight. It compels critical reflection on the infrastructures and values that shape our online afterlives.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/257121/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> By <a href="https://theconversation.com/profiles/bjorn-nansen-102356">Bjorn Nansen</a>, Associate Professor, School of Computing and Information Systems, <a href="https://theconversation.com/institutions/the-university-of-melbourne-722">The University of Melbourne</a> This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/most-of-us-will-leave-behind-a-large-digital-legacy-when-we-die-heres-how-to-plan-what-happens-to-it-257121">original article</a>. Image: Pexels / Mart Production </div>

Millions of Aussies set for a payrise

Millions of low-paid Australian workers will receive a wage boost from July 1, after the Fair Work Commission (FWC) announced a 3.5 per cent increase to minimum and award wages. The decision affects around 2.9 million workers and will lift the national minimum wage from $24.10 to $24.94 an hour – a weekly increase of nearly $32 for full-time employees. The FWC’s ruling strikes a middle ground between competing demands from unions and business groups. The Australian Council of Trade Unions (ACTU) had pushed for a 4.5 per cent rise, citing the need to help workers keep up with the cost of living, while employer groups including the Australian Chamber of Commerce and Industry had argued for a more modest 2.5 per cent hike. The 3.5 per cent rise is slightly below last year’s 3.75 per cent decision, but still exceeds the current annual inflation rate of 2.4 per cent. With the Reserve Bank forecasting inflation to rise to 3.1 per cent by mid-2026 as government energy subsidies wind down, the FWC’s decision offers workers a modest real wage increase. ACTU Secretary Sally McManus said the decision was a lifeline for workers living paycheque to paycheque. “When you’re on those wages, you’re not saving money. Everything you earn, you spend,” she said. “It’s about whether you can keep up with your bills or not, whether your life gets slightly better, stays the same, or goes backwards.” The ACTU had argued that sustained low wage growth in recent years had left many workers falling behind, and that the time had come for wages to catch up. McManus pointed to productivity improvements in sectors such as hospitality and retail – where many award-dependent workers are employed – as justification for a stronger rise. “The commission previously has said, ‘yes, these workers need to catch up, we’ve just got to wait for the right time’. We say now is the right time,” she said. But employer groups warned the decision will pile pressure on businesses already grappling with rising costs and weak consumer spending. The Council of Small Business Organisations Australia, representing many of the nation’s cafes, restaurants and retail stores, argued a 4.5 per cent jump could have triggered job losses or even business closures. “Anything higher than 2.5 per cent would place unsustainable pressure on small businesses, potentially leading to reduced employment opportunities, business closures, and broader economic harm,” the council said in its submission. The federal government stopped short of recommending a specific number, but called for a “sustainable” increase that would keep wages ahead of inflation without undermining economic stability. AMP chief economist Shane Oliver had forecast the 3.5 per cent increase, suggesting it would give workers a real wage gain without fanning the flames of inflation. “It strikes a balance between supporting household spending power and avoiding a wage-price spiral,” he said. While union leaders expressed disappointment that the rise wasn’t higher, the decision is broadly seen as a compromise designed to support both workers and businesses amid a fragile economic recovery. Image: Shutterstock

Money & Banking

Major bank announces huge home loan rate cut

The Commonwealth Bank of Australia (CBA) will reduce its fixed-rate home loans by up to 0.40 percentage points across all terms starting Friday, following a 0.25 percentage point cut to its variable rate in response to the Reserve Bank of Australia’s (RBA) recent cash rate reduction. The new rates will see CBA’s lowest fixed offering set at 5.49% for a three-year term. Despite the move, experts say the cuts are unlikely to spark a surge in homeowners locking in their mortgages. Sally Tindall, data insights director at Canstar.com.au, said the rate adjustments bring CBA closer to its major bank competitors but aren’t enough to significantly shift consumer behaviour. “CBA’s fixed rate cuts aren’t groundbreaking, but rather a bid to inch closer to its key competitors,” Tindall said. “Fixed rates have been falling fairly consistently this year, and we expect this activity will continue as banks price in the increasing likelihood of further cash rate cuts.” While CBA’s new rates mark progress, rivals remain more competitive. ANZ holds the lowest one- and two-year fixed rates among the big four banks, while National Australia Bank (NAB) continues to offer the most attractive three-, four-, and five-year fixed terms. Tindall also noted that with only a slim margin – just 0.10 percentage points – between current fixed and variable rates, many borrowers will likely hold off from locking in. “With the possibility of further RBA cuts ramping up, it’s hard to see many people jumping at the chance to lock up their mortgage for the next three years,” she said. “The majors might have to offer a fixed rate in the ‘4’s’ if they’re serious about getting people to lock in.” Canstar’s latest data shows a flurry of activity across the lending sector since the RBA’s decision. Twenty lenders have reduced at least one fixed rate this month, and five major lenders, excluding CBA, have already made cuts. Among them, BOQ, Community First Bank, Police Bank and Queensland Country Bank now offer at least one fixed rate below 5%, setting the benchmark at 4.99%. Tindall urged borrowers to carefully consider their financial situation and risk appetite when deciding between fixed and variable rates. “If you’re deciding between a fixed or variable rate, understand what might suit your finances and, to some extent, your personality. When you make a decision, take the time to look for a competitive rate,” she said. While the trend suggests fixed rates will continue to fall, CBA's latest move clearly shows the intense competition in the home loan market – one that still leaves many Australians hesitant to commit. Image: Supplied

Money & Banking

A quarter of a billion dollars in unclaimed Medicare rebates: here's how to claim them

More than a quarter of a billion dollars in unclaimed Medicare refunds are waiting to be returned to nearly a million Australians, with Services Australia urging people to check if they’re owed a share of the money. A staggering $260 million in Medicare rebates is currently unclaimed by 960,000 patients across the country. The unclaimed funds stem from GP and specialist visits where refunds were never processed due to incomplete or outdated bank account information. “You go to the doctor, you hand over your card and then you might not check what happens next,” said Justin Bott, community information officer at Services Australia. “Failing to follow up is what could be costing patients refunds they’re entitled to.” On a state-by-state basis, the figures remain eye-opening. Residents of New South Wales are owed $81 million, Victorians are missing $64 million, Queenslanders are due $51 million, Western Australians are entitled to $30 million, and South Australians could claim $19 million. The average unclaimed amount per person sits at around $265, but in some cases, individuals could receive over $10,000. One of the most affected demographics is young adults aged 18 to 25, who are often unaware of the need to update their details. The good news? The fix is simple. By logging into the MyGov portal and checking their Medicare account, Australians can update their bank details. Once updated, refunds are typically processed and deposited within three days. “It might not be you, but maybe it’s your child, your grandchild that has that money owing. Get them to check as well,” Bott urged. “Because again, what a great present to find that money being paid to them.” With hundreds of millions of dollars potentially just a few clicks away, Australians are being encouraged to act now and reclaim what is rightfully theirs. Image: Shutterstock

Money & Banking

How to get started investing later in life

For some people – particularly women – investing may not have been an option until now, constrained by a lack of income while raising children or low incomes leaving nothing to invest once the bills were paid. Others find a new-found need to invest later in life, such as after a separation, inability to work through illness or injury, or the sudden death of their partner. No matter your reason for exploring investing later in life, the following pointers will get you on your way to building financial independence and a comfortable retirement. Update your strategy When was the last time you updated your spending and investment plan (or household budget)? It may have been before the kids left home, your mortgage was paid off, or you began transitioning into part-time retirement. If so, your living costs have changed significantly – work expenses, home energy consumption, groceries etc. Furthermore, your goals, healthcare and lifestyle needs may also have changed. Update your strategy to align with your current goals, values, income and spending habits. Only then will you understand how much you can afford to invest and where to direct those funds. Right-size your superannuation In your later years, super is likely to be front of mind. Ensure this investment works its hardest for you by scrutinising its: • Structure: retail or industry fund? SMSF? Each has its own costs and benefits to contemplate. • Investments: reexamine the types of assets held, level of diversification and risk weighting. • Insurances: do you have adequate life, permanent disability and income protection cover? • Take advantage of superannuation strategies you may not be aware of Unlock home equity The biggest source of money you likely have at this stage of life is equity in your home. This can be used to invest with minimal impact on your everyday finances. In fact, unused equity is effectively dead money (until you sell the property). I always urge caution on reverse mortgages. In theory, they seem like a great way of unlocking equity without saddling you with regular repayments. However, they typically: • accumulate more debt. • have higher interest rates than standard mortgages. • only grant access to a portion of your equity. • can restrict your options to downsize later. • could leave you with no remaining equity when you sell the property or nothing to leave to your benefactors when you pass away. Consider downsizing An alternative to refinancing is downsizing from the family home. As well as unlocking money for investing, you benefit from lower upkeep costs (and cleaning!) on a smaller property and can make a lifestyle change at the same time (moving nearer to family, away from bustling cities, or into supported care if required). Additionally, you may be able to use part of the sale proceeds (up to $300,000) to turbocharge your super with a one-off <a href="https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/super/growing-and-keeping-track-of-your-super/how-to-save-more-in-your-super/downsizer-super-contributions" target="_blank" rel="noopener">downsizer contribution</a>. Examine pension impacts Investing can impact your ability to claim the age pension when you retire, and how much you receive. This often comes to bite people who unlock equity in their home to invest, without realising that doing so means the money suddenly counts towards the pension means test. Before doing anything, methodically weigh up which will leave you financially better off – claiming a full or part pension, or self-funding your retirement through investments. Minimise tax Hefty tax bills can easily wipe out any investment returns, making tax a crucial factor in your decision-making. Potential tax considerations to factor into your strategy include: • Determining the most tax-effective ownership structure (e.g. do you invest in your or partner’s name? Through your super? Through a trust or company? • Incorporating stamp duty into purchase costs. • Ensuring there is enough profit from the sale of an investment to cover Capital Gains Tax (CGT) and income tax liabilities before deciding to sell. • Timing a sale to fall within the optimal financial year (e.g. in a year where your taxable income is lower or when relevant tax changes come into effect). Invest in knowledge Later in life, you have fewer working years remaining to recover any losses. Given the far-reaching implications of investing, I highly recommend first speaking to a financial adviser. Many times the fees are paid for in initial tax savings. They can help you maximise your returns, minimise your tax, ensure you don’t inadvertently leave yourself worse off and give you peace of mind. After all, the whole point of investing is to make money. And, without current professional advice, you simply don’t know what you don’t know! Helen Baker is a licensed Australian financial adviser and author of the new book, Money For Life: How to build financial security from firm foundations (Major Street Publishing $32.99). Helen is among the 1% of financial planners who hold a master’s degree in the field. Proceeds from book sales are donated to charities supporting disadvantaged women and children. Find out more at <a href="http://www.onyourowntwofeet.com.au/" target="_blank" rel="noopener">www.onyourowntwofeet.com.au</a> Disclaimer: The information in this article is of a general nature only and does not constitute personal financial or product advice. Any opinions or views expressed are those of the authors and do not represent those of people, institutions or organisations the owner may be associated with in a professional or personal capacity unless explicitly stated. Helen Baker is an authorised representative of BPW Partners Pty Ltd AFSL 548754.

Retirement Income

"Keen to keep living": Hero professor's heartbreaking health update

Professor Richard Scolyer, the acclaimed melanoma researcher and former Australian of the Year, has revealed a devastating update in his ongoing battle with brain cancer, announcing that his aggressive glioblastoma has progressed once again. Professor Scolyer, 58, was diagnosed in 2023 with the terminal form of brain cancer and initially given just eight months to live. Defying the odds, he has endured 18 months of life thanks to a groundbreaking experimental immunotherapy based on melanoma research – a treatment approach that has drawn global attention. However, in a candid social media post on Monday, Professor Scolyer confirmed that a recent MRI had shown further tumour growth on the left side of his brain. “While this may not be the best direction to be heading with my changes, amazingly (to me), I still seem keen to keep living, loving and having fun, whenever possible,” he wrote. “I feel like there are quite a few people on my team (including my family & friends) and they make me happy and proud.” Jointly named the 2024 Australian of the Year with fellow Melanoma Institute Australia co-director Professor Georgina Long, Scolyer has become known not only for his scientific leadership but for his openness and optimism in facing a terminal diagnosis. The most recent setback follows a recurrence of the cancer earlier this year, which led to surgery in March. While doctors were able to remove much of the tumour, Scolyer explained that microscopic “tentacles” remain, requiring further treatment. “Depending on what the scan shows … that will help choose what are the next forms of therapy that I can have to see where we need to go from here,” he said in a previous update. Despite ongoing physical and emotional challenges, Scolyer continues to cherish time with his wife, Katie, and their children. “Sometimes I’m happy to have fun, but some of the therapies have knocked me around a bit, so I can’t do some of the things I love doing,” he said. “I’m still having a fun time at home with my kids … and my beautiful wife Katie has been using her incredible intellect to help me speak to different doctors about various options.” <blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/DJ1JNz9zW8W/?utm_source=ig_embed&utm_campaign=loading" data-instgrm-version="14"> <div style="padding: 16px;"> <div style="display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"> </div> </div> </div> <div style="padding: 19% 0;"> </div> <div style="display: block; height: 50px; margin: 0 auto 12px; width: 50px;"> </div> <div style="padding-top: 8px;"> <div style="color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;">View this post on Instagram</div> </div> <div style="padding: 12.5% 0;"> </div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"> <div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"> </div> <div style="background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"> </div> <div style="background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"> </div> </div> <div style="margin-left: 8px;"> <div style="background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"> </div> <div style="width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);"> </div> </div> <div style="margin-left: auto;"> <div style="width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"> </div> <div style="background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"> </div> <div style="width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"> </div> </div> </div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"> </div> <div style="background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"> </div> </div> <p style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;"><a style="color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;" href="https://www.instagram.com/p/DJ1JNz9zW8W/?utm_source=ig_embed&utm_campaign=loading" target="_blank" rel="noopener">A post shared by Prof Richard Scolyer AO - My Uncertain Path (@profrscolyer)</a> </div> </blockquote> Looking ahead, Professor Scolyer anticipates another operation and remains hopeful that ongoing research and innovation may unlock new options for glioblastoma patients worldwide. “Fingers crossed this operation isn’t so bad and we can move forward with the next form of therapy,” he said, “and hopefully push things along faster to try and get things open up for many, many patients who have got glioblastoma.” Images: Instagram

Caring

RBA cuts interest rate - so what happens now?

<div class="theconversation-article-body"> The Reserve Bank of Australia <a href="https://www.rba.gov.au/media-releases/2025/mr-25-13.html">cut the official interest rate</a> for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy. The bank lowered the <a href="https://www.rba.gov.au/cash-rate-target-overview.html">cash rate target</a> by 0.25%, from 4.1% to 3.85%, saying inflation is expected to remain in the target band. All the big four banks swiftly passed the cut on to households with mortgages. This will save a household with a $500,000 loan about $80 a month. Announcing the cut, the Reserve Bank <a href="https://www.rba.gov.au/media-releases/2025/mr-25-13.html">stressed</a> in its accompanying statement it stands ready to reduce rates again if the economic outlook deteriorates sharply. <blockquote> The Board considered a severe downside scenario and noted that monetary policy is well placed to respond decisively to international developments if they were to have material implications for activity and inflation in Australia. </blockquote> <h2>Inflation is back under control</h2> The latest <a href="https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release">Consumer Price Index</a> showed that inflation remained around the middle of the Reserve Bank’s <a href="https://www.rba.gov.au/education/resources/explainers/australias-inflation-target.html">medium-term target band of 2-3%</a> in the March quarter. The Reserve Bank was also comforted by the underlying inflation measure called the “trimmed mean”. This measure excludes items with the largest price movements up or down. The bank noted that it has returned to the 2–3% target band for the first time since 2021. This suggests inflation is not just temporarily low due to temporary factors such as the electricity price rebates. <iframe id="QQ6io" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/QQ6io/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> In February, Reserve Bank Governor Michele Bullock <a href="https://parlinfo.aph.gov.au/parlInfo/download/committees/commrep/28670/toc_pdf/Economics%20Committee_2025_02_21_Official.pdf;fileType=application%2Fpdf">conceded</a> the bank had arguably been “late raising interest rates on the way up”. It did not want to be late on the way down. Perhaps Bullock is being unduly modest. The central bank looks to have judged well the extent of monetary tightening. It did not raise interest rates as much as its peers, but still got inflation back to the target. <iframe id="ZIcUE" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/ZIcUE/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <h2>Unemployment remains low</h2> Last week, we got an <a href="https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release">update</a> on the strength of the labour market. Unemployment stayed at 4.1%. It has now been around 4% since late 2023, a remarkable achievement. This is below the 4.5% the Reserve Bank had <a href="https://www.rba.gov.au/speeches/2019/sp-ag-2019-06-12-2.html">regarded</a> as the level consistent with steady inflation (in economic jargon, the <a href="https://www.rba.gov.au/education/resources/explainers/nairu.html">NAIRU</a>). But neither prices nor <a href="https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/latest-release">wages</a> have accelerated. <iframe id="WYjUU" class="tc-infographic-datawrapper" style="border: 0;" src="https://datawrapper.dwcdn.net/WYjUU/" width="100%" height="400px" frameborder="0" scrolling="no"></iframe> <h2>Households and businesses may turn cautious</h2> In its updated <a href="https://www.rba.gov.au/publications/smp/2025/may/pdf/statement-on-monetary-policy-2025-05.pdf">forecasts</a>, the bank sees headline inflation dropping to 2.1% by mid-year but going back to 3.0% by the end of the year, as the electricity subsidies are removed. By mid-2027, it will be back near the middle of the 2-3% target. Underlying inflation is forecast to stay around the middle of the target band throughout. The Reserve Bank cut its forecast for gross domestic product (GDP) to 2.1% by December, down from its previous forecast of 2.4% made in February. It said: <blockquote> Economic policy uncertainty has increased sharply alongside recent global developments, and this is expected to prompt some households to increase their precautionary savings and some businesses to postpone some investment decisions. </blockquote> The unemployment rate is expected to increase to 4.3% by the end of the year and remain there through 2026. Cost of living pressures look set to ease, as real household disposable income grows faster than population. As the Reserve Bank governor told a media conference on Tuesday: <blockquote> There’s now a new set of challenges facing the economy, but with inflation declining and the unemployment rate relatively low, we’re well positioned to deal with them. The board remains prepared to take further action if that is required. </blockquote> <h2>Economic and policy ‘unpredictability’</h2> The main uncertainty in the global economy is how the trade war instigated by US President Donald Trump will play out. <a href="https://www.washingtonpost.com/business/2025/05/14/trump-tariffs-china-trade/">According to one count</a>, he has announced new or revised tariff policies about 50 times. “The outlook for the global economy has deteriorated since the February statement. This is due to the adverse impact on global growth from higher tariffs and widespread economic and policy unpredictability,” the bank noted. The US tariff pauses on the highest rates on China and most other nations are due to be in place for 90 days. But more measures may be announced before then. This uncertainty is likely to be stifling trade, and even more so investment decisions by companies in the face of rapidly changing policies. And it will weaken the global economy. In her <a href="https://rba.livecrowdevents.tv/MediaConferenceMonetaryPolicyDecision20May2025/stream">press conference</a>, Bullock said the board’s judgement was that “global trade developments will overall be disinflationary for Australia”. Not only is the global outlook weaker, but some goods no longer being sold to the US could be diverted to Australia. <h2>Where will interest rates go from here?</h2> The Reserve Bank’s updated <a href="https://www.rba.gov.au/publications/smp/2025/may/pdf/statement-on-monetary-policy-2025-05.pdf">forecasts</a> assume interest rates will fall further, to 3.4% by the end of the year. But this is just a reflection of what <a href="https://www.rba.gov.au/statistics/cash-rate/assumptions/index.html">financial markets are implying</a>. It is not necessarily what the bank itself expects to do. It is certainty not a promise of what they will do. But the Reserve Bank still regards its stance as “restrictive”, or weighing on growth. So if it continues to believe inflation will stay within the target band, or the global outlook deteriorates, it will cut rates further.<img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/256798/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /> By <a href="https://theconversation.com/profiles/john-hawkins-746285">John Hawkins</a>, Senior Lecturer, Canberra School of Politics, Economics and Society, <a href="https://theconversation.com/institutions/university-of-canberra-865">University of Canberra</a> This article is republished from <a href="https://theconversation.com">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/rba-cuts-interest-rates-ready-to-respond-again-if-the-economy-weakens-further-256798">original article</a>. Image: Sky News </div>

Money & Banking

Aussie couple set to give away $3.5 billion

Billionaire Canva co-founder Cameron Adams and his wife Lisa Miller have pledged to give away at least half of their estimated $7 billion fortune, calling on Australia’s wealthiest to follow suit in the fight against environmental degradation. The philanthropic commitment will see the couple funnel significant resources into green initiatives via The Giving Pledge and Founders Pledge – two global efforts that encourage billionaires and entrepreneurs to donate a substantial portion of their wealth to impactful causes. “Nature nourishes us, sustains us, inspires us and shapes how we live,” Mr Adams wrote in his letter to The Giving Pledge, the global charity initiative co-founded by Warren Buffett and Bill and Melinda Gates. “But today, many of the ecosystems that support our lives are being destroyed – and our future depends on how we choose to save them.” Adams, who co-founded the homegrown tech success Canva in 2013, and Miller, a former zoologist turned entrepreneur, say their focus will be on reversing biodiversity loss and restoring natural ecosystems, which they see as critical to the survival of life on Earth. “Philanthropy is more than charity; it is a means of addressing systemic issues, driving meaningful change and ensuring that future generations inherit a world rich in possibility and biodiversity,” Mr Adams said. The couple’s wealth is largely tied up in Canva equity, with the company currently valued at around AU$49.5 billion (US$32 billion) and reportedly considering a NASDAQ listing in 2026. Canva’s other co-founders, Melanie Perkins and Cliff Obrecht, joined The Giving Pledge in 2021. The new pledge by Adams and Miller follows earlier environmental commitments by the couple, including the establishment of Wedgetail Ventures, an eco-investment fund backing conservation projects and local communities. They also own a 5000-hectare property in Tasmania, now being developed into a conservation research centre in partnership with the University of Tasmania. “In recent years, we have grown in our confidence that these are issues worth fighting for, and that we can make a unique contribution with the funds and skills that we have,” Mr Adams said. Lisa Miller echoed the sentiment in joint statements, underscoring the importance of bold, scalable efforts in the environmental space. “We must not only halt nature’s decline but also begin its restoration,” she said. Through Founders Pledge, the couple joins a growing network of tech entrepreneurs including Spotify’s Magnus Hult, Culture Amp’s Jon Williams, and Klarna’s Niklas Adalberth. The organisation has attracted over 2,000 members across 45 countries, with more than US$1.5 billion (AU$2.3 billion) already donated from pledged funds. “Entrepreneurs are uniquely placed to transform the world,” Founders Pledge states. “We advise on, facilitate and maximise the impact of our members’ giving.” The Adams-Miller announcement adds to a growing number of high-profile philanthropic moves by Australian billionaires. Mining magnate Andrew “Twiggy” Forrest and his former wife Nicola were among the first Australians to sign on to The Giving Pledge back in 2013. “As a family, we agreed many years ago to give away the majority of our wealth,” the Forrests said at the time. “We felt that if our children were to inherit considerable wealth, it would only get in the way of them striving for and achieving their best.” Adams hopes his and Miller’s decision will spark a wider cultural shift among Australia’s wealthiest. “We hope others will recognise the power of philanthropy to create lasting environmental and societal impact by joining us in this commitment,” he said. Image: Wedgetail

Money & Banking

Millions of Aussies set to receive cost-of-living pay bump

Prime Minister Anthony Albanese has thrown his government’s support behind a “fair” pay rise for Australia's lowest-paid workers, setting the stage for a potential showdown with employer groups ahead of the Fair Work Commission’s annual wage review. In a submission to the Commission, the federal government recommended a real wage increase – meaning one above the rate of inflation – for around three million Australians earning either the minimum wage or under an industry award. The push is part of Labor’s broader strategy to ease cost-of-living pressures and boost household incomes. “This will help around three million workers across the country, including cleaners, retail workers and early childhood educators,” said Treasurer Jim Chalmers and Employment Minister Amanda Rishworth in a joint statement. “Boosting wages, cutting taxes for every taxpayer and creating more jobs are central parts of our efforts to help Australians with the cost of living.” While the government did not specify an exact figure, it made clear that any increase should outpace inflation, a stance likely to be met with resistance from employers. Business groups, including the Australian Chamber of Commerce and Industry, are calling for a more modest 2.5% increase, warning that anything higher could hurt struggling businesses, especially with superannuation contributions set to rise from 11.5% to 12% on July 1. Last year, minimum wage earners received a 3.75% pay rise, lifting the national minimum wage to $24.10 per hour, or $915.90 per week. With headline inflation then at 3.6%, workers saw only a marginal real wage increase of 0.15%. However, the economic backdrop has shifted. In the year to March, overall wages grew by 3.4% while the consumer price index rose just 2.4%, indicating a real wage growth of 1% for many Australians. Inflation is now within the Reserve Bank’s target band of 2-3%, which the government says supports its call for a generous, yet “economically responsible” wage hike. “An increase in minimum and award wages is consistent with inflation sustainably remaining within the RBA's target band and will provide further relief to lower income workers who are still doing it tough,” Chalmers and Rishworth added. Since Labor took office in 2022, the minimum wage has surged by historically high margins: 5.2% in 2022 – the largest rise in 16 years – and 5.75% in 2023. In total, the minimum wage has increased by $143 per week under the Albanese government. Despite concerns from employers over weak economic growth and rising business costs, the government remains optimistic about a rebound in domestic demand. Its submission acknowledged global risks, including the potential impact of Donald Trump's trade policies, but forecast stronger growth in 2025 and 2026. Prime Minister Albanese reinforced Labor’s commitment to wage growth during a cabinet meeting this week, saying a further increase to the minimum wage would be one of his top priorities heading into the next federal election. “Labor will always stand for improving people's wages and conditions,” he declared. Still, the looming expiry of the government’s $75 quarterly electricity rebates at the end of 2025 poses a risk of reigniting inflationary pressures – something the Fair Work Commission will weigh carefully as it prepares to announce its decision in June. The outcome of the review will directly affect 180,000 workers on the national minimum wage and an additional 2.7 million on industry awards, making it a critical flashpoint in the battle over how best to balance worker welfare and economic sustainability. Images: Instagram

Money & Banking

"It's simple": Sussan Ley reveals stance on Welcome to Country

Newly elected Liberal leader <a href="https://oversixty.com.au/finance/legal/sussan-ley-elected-first-female-leader-of-the-liberal-party" target="_blank" rel="noopener">Sussan Ley </a>has called on her party to modernise and reconnect with contemporary Australian values following one of its worst electoral defeats in history. In her first press conference since defeating Angus Taylor for the leadership, Ms Ley pledged a fresh approach to politics, saying the Liberal Party must "respect, reflect, and represent modern Australia". “We have to meet the people where they are. And that’s what I am committed to doing and what I am determined to do,” she said. “I want to do things differently, and we have to have a fresh approach.” Ley described her election to the party’s top job as an “enormous privilege”, adding: “I am humbled. I am honoured. And I am up for the job.” The leadership transition follows a bruising election campaign that saw the Liberals suffer significant losses, prompting calls for renewal and deeper engagement with a changing electorate. Cultural recognition also emerged as a flashpoint during the campaign’s final days, with controversy over audience reactions to Welcome to Country ceremonies. Addressing the issue head-on, Ms Ley called for authenticity in cultural acknowledgements. “With respect to Welcome to Country, it’s simple: if it’s meaningful, if it matters, if it resonates, then it’s in the right place,” she said. “If it is done in a way that is ticking a box on a Teams meeting then I don’t think it is relevant. It actually diminishes the value of what it is.” On the issue of national symbols, Ms Ley said she frequently stands in front of the Indigenous flag but would prefer to see Australians united under a single banner. “We should unite under the one Australian flag, that is my firm view,” she stated. Ms Ley now faces the challenge of steering a divided and diminished Liberal Party toward renewal, with pressure mounting to appeal to a broader, more diverse Australia. Her leadership marks a potential turning point for the party as it seeks to rebuild and redefine its identity in opposition. Image: Instagram

Legal

Bill Gates set to give away his entire fortune

In a bold, legacy-defining move, the Bill and Melinda Gates Foundation had announced plans to spend more than $200 billion over the next two decades, dramatically accelerating its mission to combat global poverty and disease before closing its doors in 2045. The philanthropic giant, co-founded by Bill Gates in 2000, will double its giving in the years ahead – an effort Gates says is driven by a sense of "urgency and opportunity". With advances in artificial intelligence and public health breakthroughs on the horizon, and as government aid budgets decline worldwide, the foundation is aiming to make its final chapter the most impactful yet. "People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them," Gates, 69, wrote in a personal blog post on Thursday. “There are too many urgent problems to solve for me to hold onto resources that could be used to help people.” The decision marks a pivotal shift from the foundation’s original charter, which called for operations to end 20 years after Gates’s death. Instead, the organisation will sunset in 2045, regardless of Gates’s lifespan. The scale of the commitment is staggering: over the next 20 years, the Gates Foundation will give away more than twice what it distributed in its first 25 years. “During the first 25 years of the Gates Foundation – powered in part by the generosity of Warren Buffett – we gave away more than $100 billion,” Gates noted. Founded at the dawn of the 21st century, the Gates Foundation has become one of the most influential forces in global health. From spearheading polio eradication efforts to funding a life-saving rotavirus vaccine that has reduced child deaths from diarrhoea by 75%, its impact is undeniable. Now, the foundation’s final act aims even higher. “By accelerating our giving, my hope is we can put the world on a path to ending preventable deaths of mums and babies and lifting millions of people out of poverty,” Gates wrote. The announcement also comes at a moment of transition. In 2024, Melinda French Gates departed from the foundation, three years after the couple's divorce. Yet the shared vision remains clear: a world where fewer lives are lost to poverty, illness and neglect. As Gates prepares to give away nearly all of his $112.6 billion fortune, his message to the world is simple – and powerful: we don’t have forever to make a difference. So we must act now. Images: Instagram

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