Australia news live: Chalmers says changes to super tax concessions will make it ‘better and fairer’ after backdown on unrealised gains

Thousands of people gathered in cities across Australia to support pro-Palestine rallies, with organizers pledging to continue their protests even after a ceasefire in Gaza. This movement highlights the ongoing commitment to advocating for Palestinian rights and reflects a growing awareness and activism surrounding the issue. The hope is that international efforts, particularly from the U.S., will lead to lasting peace and an end to violence, making these rallies not just a moment in time but part of a larger push for justice.

Prime Minister Anthony Albanese has reaffirmed his government's stance on superannuation tax policy, despite recent Treasury advice suggesting a potential doubling of the tax rate for balances exceeding $3 million. This decision comes amid ongoing debates about taxing unrealised gains, which have drawn criticism. Albanese's commitment to maintaining the current policy is significant as it reflects the government's approach to wealth management and fiscal responsibility, impacting many Australians' retirement savings.

A significant development in the Gaza conflict is unfolding as US President Trump announces a ceasefire, stating that 'war is over.' This comes just before the expected release of 20 Israeli hostages by Hamas, alongside Israel's decision to free around 2,000 Palestinian detainees. The situation is further highlighted by celebrity chef José Andrés, who is preparing meals for the families of the hostages, showcasing a moment of hope and humanity amidst the turmoil. This news matters as it signals a potential shift towards peace and reconciliation in a long-standing conflict.

In a recent announcement, Treasurer Jim Chalmers emphasized that the government's adjustments to super tax concessions aim to create a system that is both better and fairer for Australians. This comes after a reconsideration of policies regarding unrealised gains, showcasing the government's responsiveness to public feedback. Such changes are significant as they reflect a commitment to improving financial equity and ensuring that the superannuation system works effectively for all citizens.

Australia's cricket captain Pat Cummins has revealed that he is unlikely to participate in the first Ashes Test against England, scheduled for November 21 in Perth. He mentioned that he is 'less likely than likely' to be fit for the match, as he is still weeks away from returning to full bowling. This news is significant as Cummins' absence could impact Australia's chances in the prestigious series, highlighting the challenges teams face with player fitness.

In a concerning development, JD Vance has revealed that the White House is contemplating invoking the Insurrection Act of 1807, which would enable President Donald Trump to deploy troops domestically amid potential unrest. This move raises alarms about the state of democracy and civil liberties in the U.S. as Trump prepares for a visit to Israel, highlighting the administration's focus on maintaining order at home while navigating international relations. The implications of such a decision could be profound, affecting both domestic stability and the perception of U.S. governance.

Tony Blair has received a positive nod from the Palestinian Authority to assist in the reconstruction of Gaza following recent conflicts. This endorsement came after a meeting with PA leader Hussein al-Sheikh in Jordan, marking a significant step towards post-ceasefire recovery efforts. Blair's involvement could bring valuable experience and resources to the rebuilding process, which is crucial for the region's stability and future.

Nicolas Sarkozy, the former president of France, is set to learn his prison date after being sentenced to five years for allegedly using Libyan funds to finance his 2007 campaign. This ruling has sparked significant controversy, with Sarkozy labeling it a 'scandal' and planning to appeal. The case highlights ongoing concerns about political financing and accountability in France, making it a pivotal moment in the country's legal and political landscape.