Brisbane news live: Police release image of car in Inala murder case | Sandbags available as city braces for more rain

American firm CoStar has made an improved offer for Nine’s majority-owned digital real estate listings business Domain Group.

CoStar, led by CEO Andy Florence, who was in Australia this week, tabled a new bid of $4.43 per share to acquire 100 per cent of the company.

Domain’s board has unanimously decided to engage with CoStar, and subject to entering into an appropriate confidentiality agreement and exclusivity and process agreement, facilitate appropriate due diligence access to Domain, it said in an ASX announcement.

The bid represents a 42 per cent premium on Domain’s closing share price on February 20, it said, and a 5.5 per cent rise on the previous offer.

CoStar said its latest proposal was the best and final price it was willing to offer, in the absence of a competing proposal.

Nine, which owns this masthead, is the majority shareholder for Domain, with a 60 per cent stake.

Election speculation has reached a fever pitch, with the key theory being the date will be called tomorrow, as the prime minister promises the start of the official campaign is “imminent”.

Speaking to Triple M Hobart radio this morning, Anthony Albanese again confirmed what we already know: that the election will be in May.

“And it’ll be called pretty imminently, I can assure you of that as well,” he said.

Probed for more specifics, the PM ruled out calling the election today but repeated that he would “call it soon”.

“I think that Australians want to get on with it,” he said, “Certainly my caucus colleagues do.”

Opposition Leader Peter Dutton has confirmed the Coalition would repeal Labor’s latest tax cuts if it wins government, after shadow treasurer Angus Taylor first announced the stance earlier this morning.

Speaking to 2GB radio, Dutton confirmed his intention, saying the $17 billion cost of the tax cuts was better spent elsewhere.

“We think the more efficient spend of that money is in relation to the announcement we’ve made this morning reducing by 25 cents the price of petrol and diesel.”

Read more about Dutton’s proposal here.

Prime Minister Anthony Albanese has dismissed Opposition Leader Peter Dutton’s $6 billion pledge to cut the fuel excise, the key cost of living policy he is set to announce in tonight’s budget reply speech.

Albanese told ABC Sydney radio the pledge failed to help voters during the cost of living crisis in the long term.

“What we’ve put in place is cheaper medicines, cheaper childcare, fee-free TAFE, a cut in student debt of 20 per cent from July immediately for people’s HECs debts, on top of the $3 billion that we have already cut from student debt. We’ve introduced and now passed tax cuts to top up our tax cuts that we put in last year,” he said.

“What [Dutton] has done is gone back to the Morrison playbook. I mean, this is the Morrison government. This is what Scott Morrison in the 2022 budget [did], but then it disappeared because it was time-limited. This is time-limited as well, just for one year, no ongoing cost of living health, no structural change, just higher taxes in the future.”

Images of a dark-coloured Audi have been released by police as part of an investigation into a death of a man in Brisbane in January.

Police will allege the victim, a 52-year-old man, was assaulted near Rudyard Street, Inala about 6.30pm on January 5.

Officers were called to Logan Hospital about 12.30am on January 6, after the man arrived with significant head injuries.

He was taken to a specialist care facility, but died from his injuries the next day.

Investigators from the Logan District Criminal Investigation Branch are looking for anyone who might have seen a dark-coloured Audi – with paint fade on its roof – in the Wacol area on the day of the assault.

Two men, a 32-year-old man from Griffin and a 31-year-old man from Birkdale, have been charged with murder, armed robbery, kidnapping and torture.

It will be alleged all the men were known to each other.

Police are also seeking dashcam or CCTV footage.

The government has quickly jumped on shadow treasurer Angus Taylor’s confirmation that a Coalition government would repeal the additional tax cuts Labor passed through the Senate last night.

Queensland Labor Senator, Murray Watt took to X to promote Labor’s new slogan: “Dutton will cut everything except your taxes”.

Shadow treasurer Angus Taylor says a Coalition government would repeal Labor’s latest tax cuts.

Speaking on ABC Radio National, Taylor confirmed they would wind back the latest tax cuts that passed the Senate late last night.

“Absolutely we will repeal them,” he said after being asked multiple times.

Shadow Treasurer Angus Taylor says the Coalition’s fuel excise cut is “temporary, targeted and responsible” as he promotes the opposition’s key cost of living proposal.

After denying the fuel excise was the Coalition’s version of an election bribe, Taylor said those under the most stress in our economy were mortgage-holders in the suburbs and regions, who are “often double-income families with two cars”.

“This is temporary, it’s very targeted, it’s responsible and it’s focused on that group that we think are under the most pressure at this time given Labor’s cost-of-living crisis,” he told ABC News Breakfast.

Taylor defended its temporary nature, arguing it was aimed at solving the underlying cost and standard of living crisis and therefore was only needed short term.

“What Labor is doing by doing something permanent is telling us we’re going to have a permanent cost of living crisis.”

He added that a two-car household would save on average $28 a week or $1500 a year.

Read more about the policy announcement here.