CGT backflip, migration falls, scathing audit of Snowy Hydro, Swiss watch slump

Friday 19 June 2026

The federal government backflips on part of its controversial tax changes.

• Migration levels in Australia drop
• The national auditor provides a scathing report of the progress of the Snowy Hydro scheme
• A Victorian suburb takes the title of richest postcode in the country, for the first time 
• The world of Swiss watches is being hit by the Middle East conflict

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