Police refer incident to Independent Police Conduct Authority.

A new report has found the average Australian billionaire saw their wealth rise by almost $600,000 per day in 2025, while one in three households faced food insecurity.

Oxfam Australia, a branch of the global charity organisation, found that 48 billionaires held more wealth than the bottom 40 per cent – almost 11 million people of Australia's population of 27 million.

And their wealth only increased last year, growing a collective $10.5 billion.

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Mining magnate Gina Rinehart was the richest person in Australia last year with $38.1 billion, followed by property developer Harry Triguboff with $29.6 billion, recycling businessman Anthony Pratt with $25.8 billion, co-founder of software company Atlassian and investor Scott Farquhar with $21.4 billion and mining tycoon and former politician Clive Palmer with $20.1 billion, according to the Australian Financial Review's 2025 Rich List.

Triguboff, for example, had a wealth increase equivalent to the amount needed to build 10,600 new homes.

The latest analysis is in line with a global trend that saw the world's 3000 billionaires' wealth rise 16 per cent to $27.7 trillion last year – the highest level in history.

Tech billionaire Elon Musk, the richest person in the world, became the first to briefly surpass half a trillion dollars and is on track to be the first trillionaire.

Meanwhile, more than 3.7 million people live in poverty in Australia, according to Oxfam.

One in three households was found to have faced food insecurity last year, which meant they either stressed about or struggled to put food on the table.

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Oxfam Australia chief executive Jennifer Tierney said rising billionaire wealth exposed a failing system.

"While millions of Australians are cutting back on essentials, struggling with soaring rents and mortgages, and watching global crises like conflict in Yemen, Sudan and Syria receive dwindling humanitarian support, Australia's billionaires are accumulating extraordinary wealth at extraordinary speed," she said.

"The gap between those doing it toughest and those benefiting most is stark, and well evidenced."

Oxfam called on the Australian government to reduce the gap by reforming the tax system to effectively tax billionaires, including ending the capital gains tax discount and phasing out negative gearing.

Greens treasury spokesperson, Nick McKim, who is chairing a Senate inquiry into the capital gains tax discount, agreed that Labor needed to make billionaires pay their fair share.

"The Oxfam report shows exactly what's broken in our economy," he said.

"While renters and working people are doing it tough, billionaires are pocketing more than half a million dollars a day, turbo-charged by tax breaks like the capital gains tax discount.

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"Ending handouts to the extreme wealthy would free up billions for housing, cost-of-living relief and the services Australians rely on."

Research by national housing campaign Everybody's Home has found the federal government was losing tens of billions of dollars each year in forgone revenue through negative gearing deductions and the capital gains tax discount.

NSW Treasury, in a submission to the inquiry, called for the federal government to review the capital gains discount as it was found to have a damaging effect on housing affordability and home ownership and was disproportionately skewed to benefit the rich.

But federal Treasurer Jim Chalmers has ruled out any changes to negative gearing or the capital gains tax discount after Labor's promises of tax reform cost the party at the 2016 and 2019 elections.

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Crowds have had to be turned away as the new Sydney Fish Market finally opened its doors today.

Lines of people were seen snaking out the door for the opening of the city's new attraction, which cost $836 million to build.

People have reportedly been told they must wait in line to get into the building – even if they have a booking at one of the restaurants – or come back later when the crowds have died down.

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It is now the largest seafood market in the Southern Hemisphere, with 42 retailers and 19 seafood wholesalers, although its opening has been delayed by many years.

Proposed in 2018, it was supposed to open in 2023 with a price tag of $250 million.

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Around six million people are expected to visit the market each year, with NSW Premier Chris Minns saying he believed it would appeal to everyone.

"While foodies will travel far and wide, I think it's really important that this market will still cater for local families who just want to come down with the kids to have some fish and chips on a hot summer afternoon," he said.

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"Whether you're coming here for caviar, or crab sticks, or some kind of exotic platter, this place will have something for everybody."

The building sits on Blackwattle Bay next to the old Sydney Fish Market in Glebe.

The trading hours for the general public will be 7am to 10pm on weekdays, extending to midnight on Friday and Saturday.

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About 60 iwi, whānau and staff gathered this morning as the rāhui was placed.

An Ōakura local measured 289mm of rain on Sunday, the worst deluge in more than 40 years.

Trump plans a 10% tariff on eight US allies from February 1 over Greenland.

Police say the shooting on Arthur St about 11am on Friday was a targeted incident.

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A former Labor figure turned mining boss has died in hospital weeks after he was allegedly assaulted outside a Perth nightclub.

Tim Picton, 36, was allegedly knocked unconscious by a stranger in Northbridge and hit his head on the pavement along James Street in the early hours of December 27.

He hit his head on the pavement and was rushed to Royal Perth Hospital.

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After being in an induced coma the father of a four-year-old, Charlotte, has now died.

Picton was a former Labor state secretary and campaign director from 2020 to 2022.

He most recently worked as a director at mining giant MinRes, but previously also served as a director and principal adviser for the Victorian Premier's office.

He's also the brother of South Australia's Health Minister Chris Picton.

"His kindness, generosity and humour brought joy to our lives," his family said in a statement.

"We have been deeply moved by the outpouring of love and respect from friends and colleagues across Australia," the statement continues.

"We will be forever proud of Tim's many extraordinary achievements and capacity for love, while knowing that he still had so much to give.

"Above all, Tim was an adoring father to four-year-old Charlotte, the love of his life.

"It breaks our hearts to know that Charlotte will grow up without her father by her side, but she will always know how deeply he loved her."

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Picton's alleged attacker was granted bail at the end of last year after he was charged with grievous bodily harm over the incident.

WA Premier Roger Cook posted the whole Labor team were thinking of Picton after the attack.

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Jarren has been hailed the "Indigenous Steve Irwin", but the problem is he is not a real person – it is AI.

Bush Legend Official has more than 200,000 followers across Instagram, Facebook and TikTok and posts daily videos of Jarren dressed in khaki clothing or in traditional paint with the red dirt beneath him.

He gets up close with a wide range of animals, from crocodiles and snakes to birds and lizards and tells social media users about native wildlife.

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But the account is believed to be run by a content creator based in New Zealand.

"This page uses AI-generated visuals to share wildlife stories for education and awareness," the account's description reads.

"The focus is on animals and nature only."

The account asks users to subscribe by paying $2.99 per month to "spend more time doing this full time, researching, and bringing these Aussie animal stories to life".

Users have raised issues with the account depicting an Indigenous man and some have labelled it "AI blackface".

Terri Janke, the director of Indigenous law firm Terri Janke and Company, said the page has caused cultural harm and gone against Indigenous protocols of who can speak for country.

"It's sort of like using an Indigenous facade or person to tell people about nature and animals and species," she told 9news.com.au.

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"They have sort of taken identity, taken those attributes, like from what a person looks like, how they might talk, how they should paint, their connection to land and country, and used it for their own means.

"How do we as First Nations people have a voice when people think it's really okay to just make up someone in that respect?" 

Bush Heritage Australia's National Aboriginal and Torres Strait Islander Engagement Manager, Tiahni Adamson, said it was essential to have real First Nations voices at the forefront of wildlife and conservation discussions.

"For decades, the conservation sector has been investing in Indigenous ranger programs and building genuine two‑way knowledge systems," she said.

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"But we're still fighting for our voices to be heard and for a meaningful seat at the table where land management and conservation decisions are made."

Adamson added that any misinformation about native wildlife and land management online can be "incredibly harmful" to how people act and think in real-world scenarios.

"It can make animals seem more dangerous than they are – or not dangerous enough – and that distorts people's connection to wildlife and the natural world," she said.

"Getting those stories right really matters.

"That's why it's essential that the information being shared is science‑backed, culturally appropriate and shared with the right cultural authority."

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Janke called for more legal guardrails to prevent deepfakes from being created and urged people to report harmful content online.

"People who are creating this content need to consider things you know, anything from copyright to defamation and here to Indigenous cultural and intellectual property and cultural respect," she said.

"I think it's an interesting thing for lawmakers, the policy makers, but it's also for people to just look more deeply at the content that's been put to them and look for authenticity."

9news.com.au has contacted Meta for comment.

We have also attempted to contact the content creator but his social media pages do not accept messages.

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