Small business owners and young Australians are expressing concern over recent budget changes that increase capital gains tax to 47% on business sales and affect multiple wealth creation pathways including negative gearing, share investments, and employee share schemes. The changes particularly impact entrepreneurs who start businesses with minimal capital but take on significant personal risk and sacrifice, only to face heavy taxation when selling their ventures. Critics argue the budget removes alternative wealth creation ladders that young Australians have adopted after being priced out of owner-occupied property markets where median house prices in Sydney are 14 times the average annual income.

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A coastal trough has brought widespread rainfall of 100 to 200 millimetres across southeast Queensland and northern New South Wales over 48 hours, with Springbrook National Park recording the highest fall of 270 millimetres. Minor flood warnings are in effect for the Wilsons River at Lismore and the Nerang and Coomera rivers in Queensland, with flood watches issued for northern rivers and mid-north coast areas. The coastal trough is moving offshore, bringing an easing trend in rainfall, though a developing low-pressure system will maintain some showers and drive large, powerful waves along the east coast later in the week.

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Small business owners are expressing anger over federal budget changes to capital gains tax concessions and trust structures, creating AI-generated memes depicting the Prime Minister as an unwanted business partner claiming 47% ownership. Business owners are spending thousands on accountants and lawyers to understand the complex changes, with concerns mounting about the impact on entrepreneurship, investment in startups, and retirement planning. Labor backbenchers are reportedly contacting local businesses amid fears the policy could cost them their seats at the next election.

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Energy bills have increased by approximately 30% since the start of the year, with federal and state government rebates rolling off. Australian households are now facing bills between $400 and $500, with costs expected to rise further during winter months as heating demand increases. Simple measures like keeping blinds closed, maintaining lower thermostat settings, and reviewing energy plans can help reduce winter heating expenses.

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New polling shows 71% of Australians support increasing domestic oil and gas production as the Strait of Hormuz blockade disrupts fuel supplies. Currently only 4% of Australia's transport fuels come from domestic oil through Australian refineries, with most refineries having closed due to high operating costs. Energy expert John Blackburn argues Australia needs an integrated national energy plan that considers exploration of domestic resources, renewable alternatives like bioenergy and ethanol, and the logistics infrastructure required to move fuel supplies around the country.

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Cirque du Soleil's production Kurios features over 50 performers who create their own makeup after receiving 10 hours of training, and wear luxurious haute couture costumes crafted from rich fabrics. The show includes unique costume designs like the Sharivari trickster outfit with continuous swirls across all pieces, specialised high wire boots that require resoling weekly, and a mischievous dog character called Bob Barker backstage. The production is touring Melbourne, Brisbane and Sydney.

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Jay Shetty, one of the world's top podcasters with over 60 million social media followers, discusses his upcoming Australian tour and his approach to mental health and wellness content. His Spotify number one podcast 'On Purpose' features intimate conversations with high-profile guests including Michelle Obama, Madonna, and Jennifer Lopez. Shetty shares insights on helping people navigate life transitions, find purpose, and address personal challenges through authentic connection and vulnerability.

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Pints and Plaits is a Sydney workshop teaching fathers and carers how to style their daughters' hair for school while enjoying a beer in a supportive environment. Founded by hairdresser Jacqueline Schell, the classes help dads learn simple hairstyles like bubble braids and Elsa plaits, taking pressure off mothers during busy mornings. The initiative addresses parental isolation while creating bonding opportunities between fathers and daughters through morning hair routines.

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Delta Goodrem represented Australia at the Eurovision Song Contest, finishing in fourth place with 122 audience points. Bulgaria's Darina Yotova (stage name Dara) won the competition, securing both jury votes and international votes. After 11 contests, Australia is yet to win the Eurovision crown.

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A 38-year-old Perth father was fatally attacked by a four-metre great white shark while spearfishing off Rottnest Island on Saturday morning. Marine life ranger David Shanky-Baxter, who responded to the Manly shark attack earlier this year, proposes an autonomous AI-powered drone system costing approximately $20,000 that could patrol beaches and alert swimmers to shark presence without requiring human operators. The system would use artificial intelligence to identify and track sharks, hovering above them while activating alarms to warn beachgoers.

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