Damo

@ocat1979 Fine line between fun alternative and unusable though.

@bigfarkenmaxi That’s kind of missing the point of it. It’s meant to be a fun alternative to a regular putting green

First round on The National’s ‘Track’ course this morning. Amazing work again by @OCMGolf The 3 routings concept is a game changer! 👏🏻👏🏻 And the new practice putting green/short game area is pure… makes me want to start practicing again 🤔

@RaymondKeown3 Yep and the government are the great guys cos they are giving the annual worker a free hit at a 1000 deduction

This is outrageous Tony Burke for example spends $9,600 per week on expenses. Greta Bowen spends $8,600 per week on expenses Chalmers spends $7,150 per week Wong & Marles spend $ 9,800 & $9,600 per week. Now given that when Parliament sits and they are in Canberra, where do they spend this money claimed as expenses @rowandean

@sam_ikin Back romantic warrior Sunday

What is the best way to make a lot of money very quickly? I feel like work is a good answer but quickly?

@DrCameronMurray No real issues from me, just can’t accept that it isn’t creditable to a corporate beneficiary. I thought the idea was to ensure no low tax beneficiaries, not ultimately double tax them

The minimum tax rate on trusts proposed in the budget seems reasonable to me. What do others think?

@purplepingers For once I agree with you. Need some people that can build fast, safely and cost effectively. It really shouldn’t be that hard, but red tape always gets in the way

Making slight changes to tax settings (especially half-assed tinkering by grandfathering things) is not going to resolve our housing crisis. The market will not adequately create or distribute the things we need to survive. We need mass public housing and the expropriation of existing housing to redistribute based on need.

@TrevorG37115720 @van00sa They tax them if sold at a profit and the share cost more than 10k too!

@van00sa Just get more horses

The new capital gains tax changes hit the people struggling the hardest. Anyone with an investment property bought before May 12 keeps the 50% discount forever. Build to rent corporates and large developers retain full negative gearing on new builds. The new rules on capital gains hits people on lower incomes harder than anyone else. Someone who finally inherited the family home (the one their parents worked their whole lives for) used to pay tax at their actual marginal rate. Now the floor sits at 30 cents regardless. Family trusts, the way most middle class Australians pass wealth to their kids, can now get taxed at up to 77 cents on the dollar. A young couple trying to buy an investment property to get ahead just lost their negative gearing. But the corporate landlords keep it on new builds. We were never meant to get ahead.

@WyattBRoy @FinancialReview Ironically I used that quote in my businesses April monthly update

Churchill said it in 1904. Labor needs to hear it in 2026. "A nation trying to tax itself to prosperity is like a man standing in a bucket, trying to lift himself by the handle." My piece in @FinancialReview

@AshPolitik @ausstockchick A bit hard to justify when the build costs are so high and more generally in lower growth areas. The low yield wouldn’t make sense

@ausstockchick Buying new property now stock chick? Fantastic.

Has the new tax rules changed your investing strategy? I’m pivoting for sure. There is no way I’m using the same rules when the game has been flipped. #auspol

@ausstockchick Gotta prioritize non concessional contributions where possible and focus a little more on yield now.

@JEChalmers I can deal with basically everything, but surely a distribution from a trust to a corporate beneficiary should be entitled to get the credit paid by the trustee

This is a Budget that makes the tax system fairer for workers, businesses and first homebuyers.

@SMBloodstock Can negative gear them still I guess

Here's my budget review for the Thoroughbred Industry. We don't operate in a bubble so when Australians feel good about the wider economy and their future they buy horses. When they feel the opposite they don't. Make your own mind up about how they feel right now. 🤔😬

@PeterWallaceAU You’ve done well, they usually work between 20-30% each way

My car insurance has gone up by 16%, but the value of my car has gone down by 15%. A blatant rip-offs. They charge what they think they can get away with.

@Sarah_Haar_ Don’t forget your shares and your Bitcoin

Don’t cry over possible changes to capital gains tax discounts without knowing how it even applies please. You pay CGT when you SELL a house that is NOT your main residence AND you make a PROFIT on the sale price. How often are YOU selling investment properties?

I’m interested in what the protocols are to get a ‘here here’. Scripted or off the cuff? #Budget2026

@racingblogger Spare me, happens every EPL game

Shocking behaviour from the Collingwood fans leaving with twenty minutes to go at the MCG. I can’t believe my eyes, stay and support your team! 🤯

@nicko_316 @Westpac Macquarie will do you well

Congratulations @Westpac - you've lost me as a client. Won't approve a debt recycling refinance after only processing my renovation loan 7 months ago. So all good. See you later. Off to another bank. <5x debt to income + <65% LVR across 3 properties 🫡

@JEChalmers Stop. Giving. Relief. This is why we are in this position

Today the independent Reserve Bank increased interest rates by 25 basis points. Australians are already paying a hefty price for the war in the Middle East and this decision will make it tougher. It will add to the pressure that families and businesses are under at a time of ongoing global instability. We understand that people are under pressure which is why we’re rolling out responsible cost of living relief. The uncertainty and volatility in the global economy mean there is an even greater premium on responsible fiscal management. In the upcoming Budget, we’ll continue this government’s record of responsible economic management by saving more than we spend and banking all upward revisions to revenue.

@BarbaraPocock Really don’t understand the point. The rba raise rates when the banks are under no funding pressures….it just means more money for them. The real issue, the rba shouldn’t raise rates. It just gives more money to banks and funded retirees

Big four banks - CBA, NAB, Westpac & ANZ - made a profit of $16.9 bn from owner-occupier home loans in 2025. Over an average 30 yr owner-occupier mortgage these banks make nearly $229,000 in profit. Just over $11,000 in the 1st yr of a new loan, $926 each month or $214 per week.

@JohnMorton215 Just remember he can at least deduct those expenses before he cops his final tax bill

What so many people forget when they read things like this is the magical world of TAXES AND EXPENSES. Let’s assume he finishes in last in these three upcoming events… - Probably an average of 30-40% taken for taxes - Another 10-15% for agent/manager/coach/etc. - At least $6-$7k a week in travel expenses …meaning, he MIGHT take home $10-$12k per event for last place. I’m not saying that’s nothing. And I’m not saying he doesn’t deserve the income. But just remember he’s not putting $108,000 in the bank!