RBA hints rates on hold; new 30pc trust tax delay; Musk loses fight against OpenAI, Altman

Wednesday 20 May 2026

The Reserve Bank says it is worried about inflation but hints that rates might be on hold. 

• Prime Minister Anthony Albanese says the new 30 per cent tax on trusts will take some time to implement
• Beef farmers' golden period might be about to come to an end
• Super returns heading for a fourth consecutive year of decent returns
• Elon Musk loses his fight against OpenAI and its chief executive, Sam Altman

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