ABC NewsMail - Afternoon Edition

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NewsMail Afternoon Edition
Tue 12 May, 2015

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Hockey says deficit will beat 'market expectation'

Joe Hockey takes time out to pose for a selfie outside Parliament House as he talks up a deficit forecast of close to $40 billion and signals changes to the controversial wait-for-the-dole policy.

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The Drum

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An analogue budget meets the digital world

The Government's pre-budget announcement of "tax integrity measures" include cracking down on multinationals shifting their profits, and trying to introduce a "Netflix tax" on digital downloads.

These measures may be an attempt to sound fair, but that doesn't mean they're suitable in this modern era.

The Government is trying to shoehorn national taxes better suited for an analogue era into the age of digital globalisation.

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Just In

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Imported methylamphetamine haul seized in WA's Pilbara

About $150,000 worth of methylamphetamine, allegedly imported from overseas, has been found WA's Pilbara region after a joint police operation.

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World

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Memorial marks football stadium fire 30 years on

England remembers the 30th anniversary of a fire which ripped through the home ground of football club Bradford City, killing 56 people.

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Business

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Small businesses to benefit from tax cuts in budget

Treasurer Joe Hockey will deliver the promised tax cut for small business as part of his second budget tonight, with measures to do more to push people into jobs also expected to be unveiled.

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Politics

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RET deal fraying days after in-principle agreement reached

The Federal Opposition says it will not support a new Renewable Energy Target if the Government proceeds with a proposal to review the plan every two years.

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Sport

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Hird says Essendon shocked by WADA decision to appeal verdict

Essendon coach James Hird says the club and most of Melbourne were shocked by WADA's decision to appeal the AFL anti-doping tribunal's not-guilty verdict of its 34 past and present players using banned substances.

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Science and Technology

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Nano memory brings bionic brain one step closer

Australian scientists are one step closer to creating a bionic brain after developing a nano memory which is capable of storing information in the same way as the biological counterpart.

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Environment

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Bureau of Meteorology officially declares a major El Nino; predicts drier, hotter conditions

The Bureau of Meteorology officially declares a major El Nino event, which is likely to lead to prolonged drier, hotter conditions across much of eastern Australia.

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