Johnna Star (AUS)

Recording his seventh stakes victory, the Andrew Gluyas trained Air Assault produced an outstanding effort at Morphettville on Melbourne Cup day, romping away by more than six and a half lengths to record his second consecutive Listed SAJC John Letts Cup (1800m) victory.

Back in May of this year I was very pleased to share details of a tax case that held that a farmer need not pay Capital Gains Tax (CGT) on the subdivision and sale of his 10-acre holding. CGT was avoided as it only applies to capital assets acquired on or after 19 September 1985.