https://www.abc.net.au/news/2026-06-18/capital-gains-tax-concessions-for-startups-and-small-business/106812782

“In short:
The 50 per cent extra capital gains tax discount for small businesses will be extended to those with a turnover of up to $10 million instead of $2 million.
Startup founders and employees will get an extra 50 per cent concession of their own, with details to be finalised following further consultation.
What's next?
The government aims to progress its legislation in the next fortnight.”


So we are actually looking at a new budget all together because the focus groups have turned against Albo Labor?

Do they actually have any integrity?

Dr “ do little “ Charmers actually only has one job. The country budget.

His got that so completely wrong now we need all amendments to correct his failures.

I sincerely believe this has proven him unfit to be treasurer.

How do you pass a budget then are forced to change it because you got it so totally wrong and keep your job?

The country continues to spend and live beyond it's means.

Well over a trillion in debt.

The interest payment could pay for Medicare.

Canberra never saw a cause they didn't want to send money to.

If Elon discovers life on Mars, albo will send them a cheque


True story, a nasty chick, very entitled, ran a fake go fund me on Facebook and got caught and prosecuted.
Said this caused her extreme anxiety and got NDIS funding for her anxiety. Got a NDIS  plan for 120 k a year.
Got the NDIS  to buy her a horse as a companion animal.
The NDIS pay for the agistment feed and lessons for her to ride.

How do I know?.

The NDIS  applied for a spot my wife had up for agistment.
And the kicker.
They said charge 100 a week if you like , when the missus usually charges 50.

This is what Canberra think is a worthwhile spend.

The son on a CFMEU site got told to put a switchboard in the wrong spot.
Supervisor said , that's the wrong spot.
Then said, " finish it anyway and next week we can pull it out and move it"

Want to stretch out those juicy $150 k a year jobs for as long as possible.

Government care zippy for accountability.

My sister is in the state audit office.
They were going to investigate an aboriginal community for fraud.
Office caught fire the day of the audit  ;)

Pauline is quite right to go after the corruption and to stand up for small business.

We are a country that rewards takers and grifters.

If only prez Xi would come run the place for a decade  ;)

aquascoot wrote on Jun 19^th, 2026 at 5:40am:

The country continues to spend and live beyond it's means.

Governments are not like households and don't have to lower debt.

Every citizen funds debt through paying a perpetual inflation tax. Their income's buying power collapses, their asset's shrink in buying power. The currency collapses.

Australia's current debt burden gets easier to pay off in later times.

If you are worried about the country's debt, and everyone being perpetual tax slaves because of it, push for a deflationary economic system. 

https://i.imgur.com/RAeYGzO.jpeg

And in other news - the proposed discretionary trust changes have been abandoned, at a cost of about $475m to the bottom line. But Spin Jim insists that is still inline with budget forecasts. I guess numeracy is not his strong suit. ::)

0.5 million here, 0.5 million there and soon you are talking real money.

And more news - The provisions whereby "accidentally" people who lose their spouse and fall foul of the proposed new tax laws, will be recognised because Jim knew all about it in the first place, but as an amendment to his new tax laws.

It does seem funny that if he knew about it all the time it wasn't addressed in the new legislation originally. 8-)