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RBA hints rates on hold; new 30pc trust tax delay; Musk loses fight against OpenAI, Altman

Published May 19, 2026

Wednesday 20 May 2026

The Reserve Bank says it is worried about inflation but hints that rates might be on hold. 

  • Prime Minister Anthony Albanese says the new 30 per cent tax on trusts will take some time to implement
  • Beef farmers' golden period might be about to come to an end
  • Super returns heading for a fourth consecutive year of decent returns
  • Elon Musk loses his fight against OpenAI and its chief executive, Sam Altman

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