A group of school students were rescued from a flooded campground after a sudden deluge across south-east Queensland and northern NSW.

Hundreds of millimetres of rain have fallen in both regions in the past two days, with multiple riverine flooding warnings in place on either side of the border.

Emergency services have carried out multiple rescues.

LIVE UPDATES: Eleven Aussies on board aid ships intercepted by Israeli navy

Among them were a group of about 50 Year 12 students and teachers from North Lakes State College, who were on a camping trip at Mount Barney, near the Queensland-NSW border.

"During the return from activities, rapidly changing weather conditions impacted access to the camp accommodation site," the school said in a new statement posted to social media this morning.

"Emergency services, including the State Emergency Service (SES), Queensland Police Service (QPS), Queensland Fire Department (QFD) and Queensland Ambulance Service (QAS), assisted staff and students to safely return to the SES base.

READ MORE: Confronting scenes inside Sydney home where woman, two kids killed

"Students and staff remained safe throughout the incident and were transported back to the College overnight, where students were reunited with their families."

This morning, the NSW SES also said it had responded to 197 incidents and carried out three rescues involving people and vehicles trapped in floodwaters at Numinbah, Brewongle, and Goongerry.

"We've already seen several flood rescues that could have ended very badly," SES Assistant Commissioner Dean Storey said.

WORLD: Five killed in hail of bullets at US mosque

"Thanks to the quick response from NSW SES and our emergency service partners, everyone was brought to safety."

He said the SES continued to work with local communities to prepare for further flooding and rain, and urged people to avoid the roads.

"The safest thing people can do right now is stay where they are and avoid travelling until floodwaters go down," he said.

READ MORE: Major city's property market plummets to lockdown lows

Falls of up to 240mm were recorded in the cross-border region in the past couple of days.

"A near-stationary low pressure trough being fed with moisture-laden winds caused persistent and heavy showers over southeast Qld and northeast NSW on Sunday and Monday," Weatherzone said.

"Drier weather will return from Tuesday afternoon and night as the system moves off the country's east coast."

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

• Download the 9NEWS App here via Apple and Google Play
• Make 9News your preferred source on Google by ticking this box here
• Sign up to our breaking newsletter here



Small business owners are taking to the internet to salute their new "business partner" – one Anthony Albanese.

The prime minister is featuring in a trending wave of AI-generated memes, where he is being mocked for this year's budget changes to the capital gains tax discount.

"Big shoutout to my silent business partner, Anthony," Cocobelle Beauty salon owner Michelle wrote on Facebook.

LIVE UPDATES: Eleven Australians on flotilla intercepted by Israel

"Emphasis on silent. He'll be taking 47 per cent of the profits without ever answering a phone, changing a treatment bed, or doing a Hydrafacial."

An AI-generated photo of Michelle and Albanese accompanied the caption.

It's one of a slew of memes touting the same "47 per cent figure".

The number refers to changes to the capital gains tax discount introduced in last week's federal budget.

Under the new measures, the 50 per cent CGT discount will end, leaving business owners facing the possibility of paying 47 per cent tax if they sell their company.

Treasurer Jim Chalmers has said the government will work to do right by start-ups and business founders, leaving open the possibility of exemptions to the rule.

READ MORE: Why health expert wants to make cigarettes cheaper

"We think you are a really important part of the economy, in lots of ways the hope of the side when it comes to dynamism and productivity, and we will reflect and recognise that in our policy," Chalmers said in parliament last week, addressing notional start-up founders.

The backlash to the police began – meme-wise, at least – in the tech sector, but has migrated to other small businesses.

'That is just so unfair': Boost Juice founder lashes budget tax reform

Multimillionaire Boost Juice founder Janine Allis was a vocal critic of the federal budget's tax changes, saying they are "just so unfair".

In a social media video, the typically apolitical Allis said Labor's decision to wind back the capital gains tax discount and grandfather negative gearing would "destroy the core of what Australians are".

"I would put my house on the line, I put everything on the line, and then I work my absolute butt off, risk everything, be away from my family, etc," she said.

READ MORE: Taylor waves in a potential tradie bonanza

"To eventually make a profit and give nearly half to the government?

"Oh my god, that is just so unfair. It doesn't allow you to get ahead, it doesn't inspire you to actually take the risks that you need to take."

The government broke an election promise by moving to replace the capital gains tax discount with a less generous inflation-linked rate and a minimum 30 per cent rate.

Negative gearing will be limited to new builds and no longer apply to any existing properties bought after 7.30pm on May 12.

Both policies are commonly used for property, but the capital gains tax discount can apply to most capital assets, like managed funds, while negative gearing can apply to other income-producing assets like shares.

Allis said she believed the changes would kill ambition to start a business and ward off investment from global businesses.

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

• Download the 9NEWS App here via Apple and Google Play
• Make 9News your preferred source on Google by ticking this box here
• Sign up to our breaking newsletter here

A woman was carjacked as she waited outside a laundromat in Melbourne's south-east this morning, with a Good Samaritan who tried to help also being threatened.

The 44-year-old woman from Parkdale was waiting inside her car on Chandler Road in Keysborough at around 6am, when she was ambushed from behind by a thug with a knife.

She was pulled out of the driver's seat, and she was dragged from the car as she attempted to fight back.

BUDGET: Could the government's tax reform fail before it even begins?

A man ran to try to intervene, but a second person with a knife emerged and threatened him.

The pair then took off in the woman's car.

Witnesses said they were shocked by the speed and intensity of the incident.

"That poor girl was absolutely traumatised," Linda Widdup said.

HANTAVIRUS: Another passenger positive as hantavirus cruise ship heads to Netherlands

"Luckily, there was a young fella up the road, only a little but further up that heard her screaming, and he came running down."

The ordeal lasted less than a minute, but detectives are now trying to piece together exactly what happened, and where the thieves might have gone.

Neither the woman nor the Good Samaritan received any physical injuries, but the victim was shaken up by the experience.

"This poor girl's just gone to do some laundry, and look what's happened," Widdup said.

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

• Download the 9NEWS App here via Apple and Google Play

• Make 9News your preferred source on Google by ticking this box here

• Sign up to our breaking newsletter here

Andrew Little said he had been contacted by a senior police officer about Chung’s conduct.

A man is fighting for life after a stabbing in Sydney's north-west.

Emergency services were called to Karril Avenue in Beecroft just after 4.30pm following reports of an assault.

When they arrived, they found a 25-year-old man with stab wounds to his chest.

He was treated at the scene by paramedics and taken to hospital, where was in a critical condition.

More to come.

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

• Download the 9NEWS App here via Apple and Google Play

• Make 9News your preferred source on Google by ticking this box here

• Sign up to our breaking newsletter here

National, Labour, NZF, Greens, Act and Opportunity in the year’s first political debate.

SH1 southbound lanes are closed between Pioneer Rd and Great South Rd.

The Finance Minister will make a pre-Budget announcement tomorrow.

The federal government will need the Greens in their corner to pass the tax reform they bet the house on, but the minor party has criticised the changes.

Greens Senator Barbara Pocock said the first day of the inquiry into intergenerational housing inequity has heard that the budget will bake in tax benefits for baby boomers, leaving younger generations locked out.

"The evidence is strong. The gap between generations on housing is very wide. It is not getting narrower," she told reporters at Parliament House today.

READ MORE: Treasurer not surprised by negative polls after 'difficult' budget tax reform

"And the changes that we saw in the budget last week will make a very small difference to that very wide intergenerational gap."

Last week's federal budget proposed grandfathering negative gearing and decreasing the capital gains tax discount as a way to address intergenerational inequity. 

In doing so, Labor broke a key election promise that saw them slump in today's polls. 

"It would surprise me more if we got some sort of bounce in the polls from the difficult decisions we took in the budget," Treasurer Jim Chalmers conceded earlier today.

"We don't hand down budgets expecting to make some kind of big near-term positive difference to an opinion poll five days later, we make these decisions to make a big positive difference to the housing market over time, particularly for young Australians who have been locked up for too long."

Labor's changes will likely sail through the House of Representatives, where they hold the majority, but they will need either the Greens or the Coalition to pass the Senate.

Opposition Leader Angus Taylor has already vowed to fight the changes and, if elected, repeal them.

READ MORE: 'Loophole' will allow millions of homeowners to negatively gear after July 2027

The Greens have not yet stated whether they will support the federal government.

Pocock said the Greens will be "taking a very careful look" at the legislation when asked about the minor party's stance.

"We're yet to see the legislation on the capital gains tax discount and negative gearing," she said.

"They are a baby step in the right direction.

"Unfortunately, they preserve benefits for very wealthy property investors and there are a range of things that could've been done which would've limited the locking in of that benefit that's going mostly to baby boomers and really disadvantaging younger people."

The Greens may also use their position to leverage Labor's need for support to push through their own amendments.

The inquiry will hear from Australians across the country over the coming months. 

9news.com.au has contacted the Treasury Department for further comment.

NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.

• Download the 9NEWS App here via Apple and Google Play
• Make 9News your preferred source on Google by ticking this box here
• Sign up to our breaking newsletter here

Their exit follows viral allegations of aggression and unsafe conditions last year.