The chart below shows the effective capital gains tax rate facing a business owner who invests $250,000 upfront, holds for 10 years, and then exits at different valuations. The result is striking: under Labor’s proposed CGT changes, Australian founders and investors would face an effective tax rate of up to 46% — roughly double the burden faced in most comparable markets, including the US, UK, Canada, Germany, Japan and New Zealand. And this is not just a founder problem. The same logic applies across all small, medium and large businesses, and any asset, including listed equities, property, private equity, venture capital and crypto. If these changes proceed, Australia will become one of the least attractive places in the developed world to build, invest, take risk and realise gains. The one major asset still sitting outside this tax net is the owner-occupied home, which remains CGT-exempt. That creates a powerful distortion. If investment properties, businesses, shares, commercial property and other assets are hit with materially higher effective CGT rates, capital will rationally look for shelter in the family home. The likely result: less capital for startups and productive enterprise, lower productivity, more pressure on rents as investors retreat from housing, higher inflation and interest rates, weaker demand for risk assets, and even more money being recycled into owner-occupied property — the last great tax haven in Australia. In short: this is not just a profound increase in the tax burden, with zero consultation in the name of giving imprudent politicians more money to waste. It is a major repricing of risk-taking in Australia. It is not reform: it is highly regressive, as it seeks to punish entrepreneurial success, which is the key driver of long-term jobs, incomes, growth and prosperity. It does not boost productivity: it destroys it by actively discouraging innovation and business creation. It will not lower the cost of living: it will lift it by boosting rents and making us much more inefficient. It will not reduce interest rates: alongside rampant and reckless government spending and record migration, it will pressure the RBA to raise our mortgage repayments. What is perhaps most shocking is that only 12 months ago this government was elected on the basis promising to never make these changes...
Big welcome to our newest @GRDCWest panellists starting 1 Sept! 🎉
Joining the team: ag extension specialist @Julianne_Hill & grower @ccooke12
More information via https://t.co/oR8R3uyB0r
This is a must read for policy makers and climate enthusiasts. The best climate change investment that Australia can make is in continued adaptation rather than chasing rainbows.
Don't believe climate catastrophists who tell you we are going to starve. Increased CO2 levels & our capacity to innovate & adapt have us producing food more abundantly than ever before.
I know this, because I am part of it.
Less rain, more wheat | Reuters
https://t.co/CWJohVmYXP
Congratulations Dr Mike Ewing OAM. Australia Day award announcement for services to conservation and agriculture. A fitting reward for a lifetime of commitment to industry and the environment.
Did you hear? We’ve extended the deadline for Round 3 of Farmanco in-kind sponsorship program to 31 October! If you have a project that could benefit from up to $17,500 worth of expert support, now’s your chance to apply and bring your ideas to life. https://t.co/rM0yxS5ikL
Risk in agriculture isn’t just luck—it’s about understanding probability. David Pannell’s latest blog shows how quantifying risk helps farmers make smarter decisions. Learn how GGA and 8 WA grower groups are collaborating in @theGRDC RiskWi$e initiative. https://t.co/paFvfV2CUk
@kongoliafarms
Congratulations Sharon on your appointments as Chair of GRDC. It is testament to the standing and your reputation in the industry.
The grains industry will benefit from your expertise and experience.
GGA is pleased to announce we have received four nominations for the three available Member Director positions to be elected at our upcoming AGM on September 20. Voting members are encouraged to review the nominee biographies on our AGM webpage https://t.co/yVfFiuoF60
🌾Are you in the WA grains industry and ready to develop your authentic leadership? Apply for the @CBHGroup Growing Leaders Scholarship! A 10-month journey of self-awareness and self-mastery, valued at $16,940. Join an outstanding WA cross-industry alumni.
https://t.co/ngtAcpo88q
The Liberal Party has selected farmer and businessman Mic Fels over former Wildcats and Western Force boss Nick Marvin in its bid to win back a Perth seat lost at the last Federal election.
https://t.co/gBLMXaiuYj
Nominate to become a GGA Board Director by 22 August. Three Director seats expire and are up for re-election at the AGM this 20 September. Eligibility, obligations & desired skills and experience can be found along with the nomination form at https://t.co/KTIcRaoIaV
Nominate to become a GGA Board Director by 22 August. Three Director seats expire and are up for re-election at the AGM this 20 September. Eligibility, obligations, desired skills, and experience can be found along with the nomination form at https://t.co/GBvxBkmkaM
@brodenholland The revolving door of legumes continues. It's difficult to find a good all rounder over most soil types, early breaks and late breaks, price volatility all factors why I prefer chemical fallow and occasionally lupins.
📣 Funding opportunity - closing soon
Applications to be part of the Drought Venture Studio close on 12 July.
The Venture Studio will help researchers, farmers, entrepreneurs and corporate innovators commercialise new drought-resilience products and services for farmers.
Out of your depth reading financial statements? Supported by @cbhgroup, GGA is running a FREE online workshop on reading financial statements for not-for-profit groups on June 19. After this 3-hour workshop, you'll be decoding financials with confidence. https://t.co/rS2mfF6b3k
The latest edition of GGA's Newswire and calendar is out now. Catch up with dry season events, research, training and funding opportunities! https://t.co/nn4iBgdPoJ
Explore Western Australia's agricultural innovation network through GGA's innovation ecosystem database.
Click the link below to join our database for enhanced visibility and collaboration opportunities.
https://t.co/3B0y9CTZDv
Wondering what mental health supports are available across Australia? We have put together this list of farmer-friendly national mental health and wellbeing services and initiatives. We hope you find it useful: https://t.co/5iepLfhKio
#farmermentalhealth#australianagriculture