Chalmers makes the $20,000 instant asset write-off permanent and revives loss carry-back, easing cashflow for SME retailers. New product-safety obligations target offshore marketplaces Temu and Shein. The 50% CGT discount is replaced by a 30% minimum capital gains tax from 1 July 2027.

Inside Retail Australia · 5/15/2026, 2:12:48 AM

Federal Budget locks in the $20,000 instant asset write-off for sub-$10M turnover SMEs, cuts $10.2B in regulatory burden, and steers ACCC scrutiny toward offshore e-commerce players Shein and Temu. ARA and COSBOA welcomed the moves but pressed for deeper competitiveness reforms.

Inside Retail Australia · 5/15/2026, 2:11:17 AM

Lara Trump's qipao-inspired looks during the Beijing trip drew fashion commentary likening her wardrobe to Temu and Shein, with Shein declining comment. She simultaneously promotes her own activewear line, including $98 leggings and sweatshirts marked down from $120 to $78.

WWD · 5/15/2026, 1:27:19 AM