Politics live: Monique Ryan ‘not bothered’ by Josh Frydenberg comeback speculation

Australian Treasurer Josh Frydenberg is reportedly considering a comeback to politics, but Monique Ryan, a former MP, says she is not concerned about his potential return. This speculation has no direct impact on the Australian economy or markets, but it may influence the country's political landscape and future policy decisions. The current focus remains on Labor's proposed changes to discretionary trusts, which aim to introduce a minimum 30% tax on such trusts, promoting fairness in the tax system.

Why it matters

The Australian Labor party has confirmed it will not alter its trust tax bill. This decision provides clarity on the party's tax policy, which could impact investor sentiment and business confidence.

Market impact

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