Labor proposes two-year extension for property tax rules
The Albanese government released draft property tax fixes extending qualifying new build timelines from 12 to 24 months.

Finance journalist at Grafa with years of experience covering Asia-Pacific financial markets at S&P Global, Mortgage Ezy, and GMA Network.
The Albanese government released draft property tax fixes extending qualifying new build timelines from 12 to 24 months.
Binance has announced the removal of 10 spot trading pairs and the full delisting of six cryptocurrency tokens in August 2026, following a routine review of trading activity across the platform.
Sysco (NYSE:SYY) reported fiscal fourth-quarter sales of $22.1 billion, up 4.7%, as U.S. Foodservice case volume increased 2.5%.
Henry Schein (NASDAQ:HSIC) reported second-quarter net sales of $3.458 billion, up 6.7%, with internal sales growth of 4.6%.
United Parks & Resorts (NYSE:PRKS) reported second-quarter revenue of $483.3 million, down 1.4%, as attendance declined 2.9% to 6.1 million guests.
McDonald’s (NYSE:MCD) reported second-quarter revenue of $7.1 billion, up 4%, as global comparable sales increased 1.3%.
Ares Commercial Real Estate (NYSE:ACRE) reported second-quarter GAAP net income of $4.4 million and Distributable Earnings of $6.9 million.
L3Harris Technologies (NYSE:LHX) completed the $845 million sale of a majority stake in its commercial space propulsion, power and electronics businesses to AE Industrial Partners.
Prologis (NYSE:PLD) agreed to acquire SEGRO for approximately $18.8 billion to create a global real estate platform.
Major crypto firms are seeking advanced AI tools to defend their systems as AI-assisted attacks become more common.