Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll
Published . Updated .
Follow the day’s news live Get our breaking news email , free app or daily news podcast Labor not watering down 30% tax on discretionary trusts, says assistant treasurer The assistant treasurer, Daniel Mulino , says Labor is not watering down proposed changes to put a minimum 30% tax on discretionary trusts. We’re not watering this down. This is a very substantial review. This is about fairness in our tax system. It’s about trying to better align the taxes that people pay when they earn income through trusts versus when they earn income from working, from providing their labour. These are changes that have been called for by experts for decades. If we go back to major reviews in the 1970s and all the way through the Howard government, the Henry review, even the Abbott government’s review, these changes to trust taxation have been called for. I think he’s getting that from lots of corners. People are saying that the Liberal party needs to do better. The polls are showing that the Liberal party is at an all-time low. And so, things have to change. Because there’s something existential about the threat that I think the party now faces. Look, I certainly haven’t closed the door, but I don’t need to rush to a decision. The next election is 18 months away. Continue reading...
Directly affected
- PPLI People
Named in this report.
Indirectly affected
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
- GD General Dynamics
Defense contractors get more work when conflict spending rises
- ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
- BA Boeing
Defense and aerospace orders move with conflict spending
- LHX L3Harris
Defense contractors get more work when conflict spending rises
- HII Huntington Ingalls
Shipyards benefit when naval spending rises
- XAR SPDR SERIES TRUST
Material security escalation can alter defense demand expectations and risk premia.
- LYV LIVE NATION ENTERTAINMENT IN
GA selected LYV as a RELATED security because its canonical security name directly matches this event's themes: nation, live. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Follow the day’s news live Get our breaking news email , free app or daily news podcast Labor not watering down 30% tax on discretionary trusts, says assistant treasurer The assistant treasurer, Daniel Mulino , says Labor is not watering d…
Source: The Guardian
Spdr Series Trust (XAR) since this story, compared with the market
Since the first closing price after “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll,” Spdr Series Trust (XAR) is +0.06%. The S&P 500 fund (SPY) is -1.47% over the same days, a +1.53% difference versus the market. industrial stocks (XLI) is -1.14%, a +1.21% difference versus that group of stocks.
| Company | When | Move | Status |
|---|---|---|---|
| BA | that day | -0.50% | final price |
| BA | the next day | -2.05% | final price |
| BA | two days later | -3.08% | final price |
| BA | three days later | -0.90% | final price |
| BA | three days earlier | -1.13% | final price |
| BA | five days earlier | +1.20% | final price |
| GD | that day | +1.14% | final price |
| GD | the next day | +0.35% | final price |
| GD | two days later | +0.99% | final price |
| GD | three days later | +1.70% | final price |
| GD | three days earlier | -1.46% | final price |
| GD | five days earlier | +0.12% | final price |
| HII | that day | -0.20% | final price |
| HII | the next day | -2.61% | final price |
| HII | two days later | -0.05% | final price |
| HII | three days later | +1.02% | final price |
| HII | three days earlier | -1.48% | final price |
| HII | five days earlier | +0.73% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | that day | -0.28% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | the next day | -1.26% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | two days later | -1.17% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days later | +0.09% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -1.47% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | +0.06% | final price |
| LHX | that day | +0.50% | final price |
| LHX | the next day | -0.97% | final price |
| LHX | two days later | +0.23% | final price |
| LHX | three days later | +1.50% | final price |
| LHX | three days earlier | -1.37% | final price |
| LHX | five days earlier | +0.02% | final price |
Who reported a Spdr Series Trust (XAR) trade near this story
- April McClain Delaney sell Live Nation Entertainment (LYV) ($100,001 - $250,000). That is 48 days before publication, inside 60 days. The filing is listed beside the story “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll.”
- April McClain Delaney sell Live Nation Entertainment (LYV) ($1,001 - $15,000). That is 56 days before publication, inside 60 days. The filing is listed beside the story “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll.”
- April McClain Delaney sell Live Nation Entertainment (LYV) ($1,001 - $15,000). That is 59 days before publication, inside 60 days. The filing is listed beside the story “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll.”
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Spdr Series Trust (XAR) on one side of this defense story
Companies carried with this story
- XAR Spdr Series Trust
In “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- ITA IShares U.S. Aerospace & Defense ETF
IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll.” Reason on file: Material security escalation can alter defense demand expectations and risk premia
- LYV Live Nation Entertainment
Live Nation Entertainment (LYV) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll.” Reason on file: GA selected LYV as a RELATED security because its canonical security name directly matches this event's themes: nation, live. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- PPA Invesco Aerospace & Defense Etf
In “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll,” Invesco Aerospace & Defense Etf (PPA) is linked, with no stored direction, medium confidence. Reason on file: GA selected PPA as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- WAR U.S. Global Technology And Aerospace & Defense Etf
For “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll,” U.S. Global Technology And Aerospace & Defense Etf (WAR) is linked, with no stored direction, medium confidence. Reason on file: GA selected WAR as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GLD Spdr Gold Trust
For “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction
- TLT Ishares Tr
In “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction
- UUP Invesco DB US Dollar Index Bullish Fund
In “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll,” Invesco DB US Dollar Index Bullish Fund (UUP) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction
Spdr Series Trust (XAR) and the defense link
The 12 Oct 2026 story “Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll” names Spdr Series Trust (XAR) because of Defense.
For Spdr Series Trust (XAR), the reason on file says Material security escalation can alter defense demand expectations and risk premia
A second company, IShares U.S. Aerospace & Defense ETF (ITA), is listed for a different reason: Material security escalation can alter defense demand expectations and risk premia
Price levels for Spdr Series Trust (XAR)
ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. LYV traded between 164.74 and 174.43 across 20 sessions. The latest close on file is 170.80. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.
How solid the defense case looks
46 out of 100
“Australian politics live: Taylor rejects Frydenberg’s GST idea but welcomes political resurrection; One Nation to preference Liberals in Victoria poll” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.