1. PM uses Victoria's property tax increases to warn against Labor

Prime Minister Scott Morrison said that a $2.7 billion increase to property taxes set to be announced in Victoria's budget on Thursday would "unquestionably" slow economic recovery in an interview with the AFR. "That’s what Labor governments will do, they’ll put up taxes," Morrison said.

2. NSW Premier says 80% of people should be vaccinated before opening international borders

NSW Premier Gladys Berejiklian said that at least 5 out of the 6 million people in the state would need to be vaccinated before international travel can resume. "Once New South Wales has managed to undertake around that number, we can start considering those policy issues and I’d like to see that happen sooner rather than the middle of next year," Berejiklian said.

3. Only one in five voters want an early election

Around 20% of those surveyed for a Resolve survey published by the Nine newspapers said Prime Minister Scott Morrison should call for an early election, while 59% said they would prefer that the election is held next year. Malcolm Mackerras reiterated last week that November 27 is his prediction of the most likely date of the federal election.

4. The Big Short's Michael Burry bets against Tesla

A regulatory filing has revealed Michael Burry, profiled in the book 'The Big Short' and film of the same name, had a US$534 million ($687 million) short position against Tesla as of the end of March. Burry first said he was short Tesla late last year and described the share price at the time as "ridiculous" in a tweet directed at CEO Elon Musk.

5. Falls on Wall Street to start the week

The Dow Jones was down 54.34 points or 0.16% to 34,327.79 on Monday, while the S&P 500 dropped 10.56 points or 0.25% to 4,163.29 and the Nasdaq moved 50.93 points or 0.38% lower to 13,379.05. Hard drive manufacturers Seagate and Western Digital were the best performers of the S&P 500, up more than 6% due to demand driven by cryptocurrency farmers.