Derek Goodyer

[KylieB @burkylie12]

How’s that working out?

[ClimateCooker @deplorable_les]

Isn't the Australian government supposed to act in the interests of Australians. They always seem to put Australians last!

[Dekka @DerekFranc90653]

@ArkadyArtemis https://t.co/yemI8LyqKB

[Tyler Green @GreenTyler27]

This is deeply concerning. Treasury published an $88,000 error in its own capital-gains-tax example and it reportedly took outside tax professionals and Financial Review journalists to expose it. Treasury has since admitted the mistake and said the document will be corrected. These are the same people helping design increasingly complex tax laws that Australians, accountants and businesses will be legally required to follow.

When even Treasury cannot correctly apply the rules in its own worked example, perhaps the problem is not the taxpayer, the problem is rushed, needlessly complicated legislation. Australia needs simpler taxation, proper consultation and a government that values competence over ideological tax grabs.

[Geoff Wilson @GeoffWilsonWAM]

86 days since Budget night.
Still on the front page of @australian and @FinancialReview .
@AlboMP & @JEChalmers ’ illogical, insane new #CGT on Australian businesses is pure economic vandalism.
@AustralianLabor MPs are now openly revolting. Investors and founders are already voting with their feet.
This is what happens when ideology replaces economics.
This must be stopped.
All Australian will not accept it.
The war has just begun.
@mcranston1 @Johnkehoe23
#StoptheCGT #JoinWARonCGT

[Geoff Wilson @GeoffWilsonWAM]

The attempted overhaul of #CGT by @JEChalmers is still a mess.
@spenderallegra is half right, it’s not right for small businesses or fast-growing companies.
Unfortunately the real problem is bigger. These changes are not right for ANY Australian business.
Selective carve-outs don’t fix a broken policy. They just prove it.
It needs to carve out ALL Australian businesses.
The fight to stop this insanity has only just begun. #JoinWARonCGT #StoptheCGT
https://t.co/InhcQE8Vrg

[Geoff Wilson @GeoffWilsonWAM]

The Treasure’s @JEChalmers
incompetence and @AlboMP insane new #CGT continues. How incompetent are they? This is a disaster for all Australians. It is negative for productivity at a time when labour productivity has fallen on average -0.7% over five years. Treasury and the Government are treating the tax system like a work-in-progress while businesses, families and investors are expected to plan around the chaos. Less than 12 months from the 1 July 2027 start date and their own legislation still casually admits the new CGT regime has not yet dealt with rollovers, deceased estate concessions, foreign and temporary residents, value shifting rules, consolidated groups, listed investment companies, employee share schemes, demergers, options, or the critical interaction between the deemed sale rules and cost base. This is not careful reform. This is reckless, half-baked legislating by tranches, leaving the biggest rewrite of capital gains tax in a generation riddled with unresolved gaps this close to the start line. The war to stop this continues. Treasury document issued yesterday 👇#JoinWARonCGT #ScrapTheCGTHeist #StopTheCGT

[Geoff Wilson @GeoffWilsonWAM]

Well said Michael. Completely agree. Australia is too good a country to be subjected to this.
Changing #CGT settings randomly, without consultation, and in a way that hits productive investment is economic vandalism.
If the target was residential property, limit the changes there and take the win @AlboMP . Extending them further is a direct assault on Australia’s capital formation, startups and aspiration. The long-term damage will be real and significant to all Australians. #ScrapTheCGTHeist #JointhewaronCGT

[Geoff Wilson @GeoffWilsonWAM]

The new insane #CGT introduced by @AlboMP and @JEChalmers. Is it a death tax by stealth!
“Jim Reaper” is about to make a killing at your expense. Plus the unreleased tax is back.
@AustralianLabor ’s rushed changes mean grieving families and divorcing couples can now be hit with massive capital gains tax bills on gains that were never realised, even if the asset is never sold.
No sale. No cash. Just a frozen liability that crystallises on death or divorce.
This is not reform. It’s economic vandalism. Great research @NoelWhittaker #ScrapTheCGTHeist #JointhewaronCGT
#CGT #DeathTax #JimReaper

[Geoff Wilson @GeoffWilsonWAM]

A widow's tax. A death tax. A divorce tax. The land mines in this Budget keep going off, hitting Australians at their most vulnerable moments. Enough @AlboMP Stop the new insane #CGT.
Great research and article @noelwhittaker #ScrapTheCGTHeist

[Dave Hughes @DHughesy]

Well done on a Labor legend standing up against the corruption and idiocy of their current leaders. They are trashing the brand almost beyond repair. Hopefully Bill goes public on his thoughts on current Victorian Labor.

[Peter Lyndon-James @PeterPerthWA]

THE LABOR MONEY LOOP.

Let me show you how the loop works. Every figure here is from the AEC register.

Step one. The unions donate directly to Labor. The CFMEU has given Labor $2,788,155 across its various divisions. The Communications, Electrical and Plumbing Union: $2,861,140. The Electrical Trades Union: $2,044,650. The Australian Workers Union: $988,191. Total union direct donations to Labor across all years in the primary data: $18,457,271.

Step two. Labor wins government. The Department of Employment and Workplace Relations, a Labor-controlled ministry, paid the ACTU $10,577,005 in 2024-25. In 2023-24 it paid them $6,465,199. The Department of Industry paid them another $963,998 in 2024-25. Total government payments to the ACTU across all years in the register: $20,790,026.

Step three. The ACTU spends the money on elections. In 2024-25 the ACTU spent $5,425,881 on electoral expenditure. In 2018-19, the year Labor needed to win, the ACTU spent $20,808,774 on electoral campaigns. Total ACTU electoral expenditure across all years, $34,345,497.

The unions fund Labor. Labor funds the ACTU. The ACTU campaigns to re-elect Labor. The government then funds the ACTU again.

Now I’ll carry the other argument, because that’s how I do things. The government payments to the ACTU are for legitimate workplace relations services, safety programs, Fair Work representation, training. The electoral spending comes from member fees, not government grants. These are legally separate streams and the ACTU is not the only organisation that receives government contracts while also engaging in advocacy.

But here is the structural question the data raises.

The same organisation that receives $10.5 million from a Labor government in one year spends $5.4 million backing Labor’s re-election in the same year. No individual needs to pick up a phone. No instruction needs to be given. The incentive structure does the work automatically.

And the unions that built the financial pipeline to Labor in the first place have donated $18.4 million directly to the party across the full dataset.

This is not a conspiracy. It is a financial architecture. It is in the public register. And it has been operating for decades.

None of it is illegal. That’s the problem.

Cold hard facts. Sourced. Corrected when wrong.

What’s your thoughts…?

Peter Lyndon-James 🇦🇺

Sources:
AEC Transparency Register, Donations_Made.csv — union donations to Labor, all years; Detailed_Discretionary_Benefits.csv — government payments to ACTU all years; Significant_Third_Party_Returns.csv — ACTU electoral expenditure all years. Total government payments to ACTU: $20,790,026. Total union direct donations to Labor: $18,457,271. Total ACTU electoral expenditure: $34,345,497. All figures computed 25 July 2026 from primary data.

[Geoff Wilson @GeoffWilsonWAM]

Treasury's own modelling reveals the new insane #CGT rules were always about revenue, not fairness: an extra $43bn ripped out of Australians' savings. They should have said so from the start. Don’t lie to us @AlboMP & @JEChalmers
#ScrapTheCGTHeist @Sk@SkyNewsAust

https://t.co/XtYZgyHBUT

[Geoff Wilson @GeoffWilsonWAM]

Another disaster for Australia’s productivity as @JEChalmers tries to gaslight all Australians. The behavioural effects of his insane new #CGT on Australian businesses and Australian investors is already emerging. Company registrations surged to more than 43,000 in June 2026, not because the economy strengthened (it is getting weaker), but because the tax system now makes company structures (25% tax up to $50m) more attractive than discretionary trusts (30% tax) and direct share ownership. Capital is already being redirected into tax-efficient structures rather than productive investment. Great work Jim and @AlboMP ? What are your thoughts ? #ScrapTheCGTHeist

[TheTruthHurts @TruthHurtsNow_0]

Genius @AustralianLabor

[Roger Montgomery @rjmontgomery]

https://t.co/ZGwc4JGi8Q

[Geoff Wilson @GeoffWilsonWAM]

🚨 Must watch.
Former NSW Parliamentary Budget Office Chief Economist @DerekFranc90653 nails it in under 60 seconds:
More spending. More waste. More tax.
Same result, Australia falls further behind while the rest of the developed world gets ahead.
@Albomp & @JEChalmers ‘s high-tax, high-spend agenda is economic vandalism. It punishes aspiration, hammers retail investors and drives capital offshore.
Time to scrap the #CGT tax grab and back growth instead.
RT if you agree. Share widely.

[katy 🌸 @KatyKray73]

Labor is erasing our history, they’ve made it crystal clear by wanting to sell off historic Defence Force estates like Victoria Barracks.

They replace the old with the new, the people with newcomers, rename sites, remove history, remove patriotism.

Before you know it, everything you once knew no longer exists, the love for your country has diminished and now you have no identity.

[Geoff Wilson @GeoffWilsonWAM]

🚨 This simulation nails it. Direct share investors get hammered under @JEChalmers insane new CGT changes, far higher real effective tax rates than the old system, even after inflation.
No wonder they’re pushing people into property, LICs and ETFs while punishing the risk-takers building Australia’s productive economy.
This is economic vandalism on aspiring Australians. We must keep fight it. #StopTheCGT
@DavidMcMahon75 #ScrapTheCGTTax #AspirationNotTaxation

[Geoff Wilson @GeoffWilsonWAM]

It’s all Hogwash and Geoff Francis via @FinancialReview just confirmed it: @AlboMP & @JEChalmers ‘s new CGT can push effective tax rates on retail investors up to 80%. Their own comments says it will "bias retail investors heavily against risk-taking." That's not reform, that's economic vandalism. #ScrapTheCGTHeist #hogwash

https://t.co/XZd2TVx8Z1