Australia news live: new laws to crack down on property underquoting in NSW; inflation could reach ‘high fours’, Chalmers says

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The Minns government in New South Wales, Australia, is introducing new legislation to crack down on property underquoting with significantly increased penalties. This aims to prevent misconduct from being considered a normal business expense. Separately, Treasurer Jim Chalmers indicated that inflation in Australia could reach "high fours." Meanwhile, Nationals defector Barnaby Joyce suggested Australia should send a Navy ship to the Middle East to assist in securing Gulf fuel supplies, citing past requests and concerns about Australia's capacity to support allies. He argues this action is necessary to ensure future support from countries like the United States.
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