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Morning everyone. Angus Taylor has pledged to index income tax brackets to inflation as he attempts to set up the battleground for the next election by depicting Labor as the party of tax hikes.
Experts think yesterday’s court defeat could cost Coles $200m in fines, and Keir Starmer faces more political turmoil in the UK as rival Andy Burnham is on manoeuvres to join the leadership fray.
Coles risk | Coles’ landmark federal court loss could signal the end of “fake discounts” according to two former competition watchdog chiefs, with the supermarket giant at risk of record fines exceeding $200m.
Tax gambit | Angus Taylor will impose a fiscal straitjacket on a future Coalition government, promising to tackle bracket creep and invest the majority of all commodity windfalls into a new fund for future generations to pay down debt. He also said welfare payments such as jobseeker, the age pension and disability support would be restricted to Australian citizens.
Iran denial | A University of Melbourne academic has denied collaborating on research with the speaker of Iran’s parliament – who has been leading Tehran’s peace negotiations with the US – saying he was named as an author on a journal article without his knowledge.
Bus death | One person is dead and at least two people are fighting for their lives after a coach rolled on one of Australia’s most dangerous roads, leaving one passenger trapped beneath the vehicle.
Homeward bound | Four Australian citizens who were aboard the MV Hondius, the cruise ship at the centre of the hantavirus outbreak, are due to land in Perth this afternoon after the government secured a suitable aircraft and crew for the journey.
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