Australia Breaking News

Prime Minister Anthony Albanese has downplayed mounting speculation about changes to negative gearing and capital gains tax ahead of the May 12 federal budget, describing recent media reporting as “all wrong”.

The National Disability Insurance Scheme (NDIS) saw approximately $3.7 billion in funds improperly distributed last financial year, according to testimony from the scheme's integrity transformation chief, John Dardo.

Battery materials provider NOVONIX Limited (NASDAQ: NVX, ASX:NVX) has officially completed the sale of its Battery Technology Solutions (BTS) division.

Forrestania Resources Limited (ASX: FRS) has reported a maiden JORC‑compliant Inferred Mineral Resource Estimate for its Burracoppin Gold Project in Western Australia.

Peak Processing Limited (ASX:PKP) has secured binding commitments to raise A$2.4 million through the issuance of unsecured loan notes.

Tennant Minerals Ltd (ASX: TMS) has released diamond drilling results from its 100 per cent owned Barkly Project in the Northern Territory, identifying further mineralization at the Bluebird discovery.

SkyCity Entertainment Group Limited (ASX:SKC) has lowered its financial expectations for the remainder of the 2026 fiscal year, citing a downturn in consumer discretionary spending across its Australian and New Zealand operations.

ResMed Inc. (NYSE: RMD, ASX: RMD) has released its financial results for the third quarter of fiscal year 2026, reporting an 11 per cent increase in revenue to $1.4 billion.

Coles Group Limited (ASX:COL) has reported total sales revenue of $10.7 billion for the third quarter of 2026, representing a 3.1% increase compared to the prior year.

The result was bolstered by the Supermarkets division, which generated $9.8 billion in revenue, a 4.0% rise underpinned by strong volume growth and a 5.7% surge when excluding tobacco sales.

ANZ Group has commenced the major bank reporting season with a robust financial performance, posting a half-year cash profit of $3.78 billion for the period ending March 31, 2026.

This result represents a 14 per cent increase over the previous half when excluding significant items, surpassing analyst expectations.

Qantas Group has prolonged network reductions through 2026-27, redirecting jets to high-demand Europe routes as Middle East tensions drive jet fuel toward record highs.