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Australia news LIVE: Chalmers eyes 50 per cent CGT for start-ups after backlash; Trump says Iran shot down US helicopter as he vows to retaliate

Live blog covering developing Australian news including Treasurer Chalmers' proposal for 50 per cent capital gains tax on start-ups following recent backlash, along with international news of Trump claiming Iran downed a US helicopter and vowing retaliation.

What’s we covered today

By Alexander Darling

Thanks for joining our national news live blog for Wednesday, June 10 . Here’s what we covered today:

Canberra: Treasurer Jim Chalmers is eyeing a proposal for start-ups to keep using the 50 per cent capital gains tax discount as he moves to address concerns Labor’s budget would hurt high-growth firms and productivity.

Victoria: A sea of blue beanies streamed into the Melbourne Cricket Ground as AFL legend and motor neurone disease crusader Neale Daniher was farewelled at a state funeral.

NSW: Former state One Nation leader Mark Latham has lost his legal bid to overturn a defamation judgment against him over an offensive tweet about political rival Alex Greenwich. It means he’s still on the hook for more than $500,000.

One Nation: Pauline Hanson has boasted about the rapid success of her fundraising blitz, with the party claiming to have raised more than half a million dollars in donations just eight hours after a launching a “Fire the Liar” website and fundraising drive. Read more here .

Media: We learnt today that Seven Network staff are bracing for mass job cuts, with up to 200 roles expected to be axed this week. Read more here .

US: Donald Trump blamed Iran for shooting down an American Army helicopter close to the Strait of Hormuz and said the US “must respond” to the attack. The US said a drone boat rescued the two aviators who were aboard the helicopter when it went down near the critical shipping lane that Iran has effectively closed during its war with the US and Israel.

Latest Posts

5.35pm on Jun 10, 2026 ASX finishes higher as retailers advance; Sigma slumps on Boots talks

By

The Australian sharemarket closed higher on Wednesday as investors piled into consumer stocks, shrugging off the latest escalation in the Middle East and another tech sell-off on Wall Street.

Sigma Healthcare shares slumped after the owner of the Chemist Warehouse chain confirmed it was in talks to buy British chemist chain Boots, which has put itself up for sale for £7.5 billion ($14.3 billion).

The S&P/ASX 200 finished up 49.1 points, or 0.6 per cent, at 8653.30. Eight of its 11 industry sectors were in the green. The ASX fell by 0.2 per cent on Tuesday after recovering from a sharp sell-off in early trade. The Australian dollar was trading at US70.20¢.

Read more here.

This concludes our coverage for today. Be sure to check back tomorrow as we continue our rolling news coverage .

5.19pm on Jun 10, 2026 FIFA chief warns LA to expect horde of ‘happy barbarians’

By Rory Carroll

FIFA president Gianni Infantino has warned Los Angeles it is about to be invaded by soccer fans from around the world, as he helped launch World Cup festivities at a star-studded kick-off party at Los Angeles Memorial Coliseum.

Speaking ahead of this week’s opening matches, Infantino said the city would become a global gathering point during the 48-team tournament, which begins in Mexico City on Thursday (5am AEST) before Los Angeles hosts the first US match on Saturday (AEST).

Infantino at the World Cup draw announcement last year. Getty Images “You will be invaded,” Infantino told the crowd.

“You will be invaded by a horde of barbarians. But it’s happy barbarians, don’t worry.”

4.59pm on Jun 10, 2026 ‘Cowardice’: Homes set alight in Belfast as anti-immigration protests continue

By Amanda Ferguson

Masked men burned families out of their homes in Belfast in a wave of anti-immigrant violence on Tuesday night after a Sudanese man was charged over a knife attack, Northern Ireland’s First Minister Michelle O’Neill said.

Hundreds of protesters, many with their faces covered, attacked police and burned vehicles in a number of locations across Northern Ireland after a video of the knife attack, which left one person with serious neck and head wounds, went viral.

Scenes in Belfast in the past 24 hours. Fairfax Media A number of homes could be seen burning in the city on Tuesday evening. Video broadcast by the BBC showed police helping a family escape from a burning house.

4.52pm on Jun 10, 2026 Pocock says data centres should be taxed on revenue rather than profits

By Alexander Darling

A key crossbencher says Australia needs to regulate the growth in data centres more stringently so that Australians benefit financially.

After leading calls to impose a 25 per cent tax on gas exports ahead of the May budget, Senator David Pocock has turned his attention to AI. It comes after Australia attracted the second-highest data-centre investment globally in 2025.

Independent senator David Pocock. Getty Images On ABC News , Pocock said it made sense Treasury was so welcoming of new data-centre investment given its impact on GDP.

“But these are companies that historically don’t pay a lot of tax. If you look at the huge amount of money that companies like Amazon and Microsoft make out of Australia – they seem to shift a lot of that overseas and don’t pay much here,” he said.

4.40pm on Jun 10, 2026 Parks Victoria staff to wa…

Read the full article at The Age
Source document: Treasurer Jim Chalmers' proposal on CGT for start-ups

2 reports

The AgeParty-alignedCenter12 days ago
Australia news LIVE: Chalmers eyes 50 per cent CGT for start-ups after backlash; Trump says Iran shot down US helicopter as he vows to retaliate

A live news blog from The Age covering multiple stories. The domestic focus includes Australian Treasurer Chalmers considering a 50 percent capital gains tax for start-ups following backlash. Internationally, the coverage includes Trump saying Iran shot down a US helicopter as he vows to retaliate.

Bias read (Center): Headline language is neutral and factual, using standard journalistic terms like 'eyes' and 'says,' with no loaded terminology or evident political framing bias.

Official sources cited

  • government Treasurer Jim Chalmers' proposal on CGT for start-ups
  • court Defamation ruling against Mark Latham
The Sydney Morning HeraldParty-alignedCenter12 days ago
Australia news LIVE: Chalmers eyes 50 per cent CGT for start-ups after backlash; Trump says Iran shot down US helicopter as he vows to retaliate

Live blog covering developing Australian news including Treasurer Chalmers' proposal for 50 per cent capital gains tax on start-ups following recent backlash, along with international news of Trump claiming Iran downed a US helicopter and vowing retaliation.

Bias read (Center): Both stories are presented with neutral language and appropriate attribution; the headline does not editorialize or favor particular perspectives.

Official sources cited

  • government Treasurer Jim Chalmers' proposal on CGT for start-ups
  • court Mark Latham's legal case outcome
  • organisation Pauline Hanson's fundraising claims
  • organisation Seven Network job cuts report
  • government Trump's statement on Iran shooting down U.S. helicopter

Go to the primary sources (6)

The official sources this coverage is built on. Read them directly to bypass framing.

  • governmentTreasurer Jim Chalmers' proposal on CGT for start-ups
  • courtDefamation ruling against Mark Latham
  • courtMark Latham's legal case outcome
  • organisationPauline Hanson's fundraising claims
  • organisationSeven Network job cuts report
  • governmentTrump's statement on Iran shooting down U.S. helicopter