Australia news live: Labor reveals draft rules for 30% tax on discretionary trusts; dead dolphin tests positive for bird flu

Meanwhile investors fret that soaring oil prices will reignite inflationary pressures. Follow the day’s news live Get our breaking news email, free app or daily news podcast Shadow treasurer says tobacco plans would bring in extra billions and stop people buying from the ‘black market’ Tim Wilson, the shadow treasure

A Parry Sound area horse has tested positive for West Nile virus, according to local health officials. The animal is receiving treatment and improving. Officials are urging residents to protect against mosquito bites as a result.

Australia spent decades as the only landmass that the H5 strain of bird flu did not touch, the same strain that caused mayhem among wildlife and poultry around the world. That era is over, as the virus has shown up this year, spreading from migratory seabirds into Australian mammals, like a red fox near Adelaide,…