Episode Details

The parents of missing four-year-old boy Gus Lamont have released a statement appealing for information to help find their missing son.

In a statement distributed by SA Police, Josh and Jess have thanked everyone involved in the search and released a new video and photo of Gus.

Police say they'll continue to investigate after his disappearance was declared a major crime earlier this month.  

Heavy rain and severe storms are forecast for parts of Australia this week, as wet weather is driven by a tropical low sitting over central Australia.

Emergency services say they have received more than 200 calls for help following bursts of heavy rain around Melbourne and Gippsland this afternoon.

Parts of Victoria received up to 30 millimetres in an hour, prompting authorities to issue emergency warnings for affected communities that have since been downgraded.

Large flood watches and warnings are also in place across northern and central Australia, with ongoing flooding in parts of Queensland. Former Reserve Bank governor Bernie Fraser is calling for the capital gains tax discount to be scrapped.

Housing supply and the effect of the discount on inequality are under the microscope over three days of Senate hearings featuring experts, government agencies, and think tanks.

Bernie Fraser says a "cartel" of vested interests in the economy, including politicians, home owners and investors, would like to keep the status quo.