Anyone in the ALP who had knowledge of the CGT changes and sold their real estate in the last 9 months is guilty of using their position for personal gain or the equivalent of insider trading. Let’s see @ClareONeilMP#CGT
$70k on a plaque for Jacinta Allan
$130k on a Daniel Andrew’s statute
$13 million on 40 machete bins
$20 million on telling you to pump up your tyres
$500 million on the voice to parliament
Yes, Dave, you’re finally realising the government doesn’t give a fuck about you.
🚨 Tax specialists have uncovered a sleeper clause in the federal budget bill designed to quietly inflate investor tax bills — and it's a rort. The bill which passed the lower house yesterday, introduces a mandatory "loss-ordering" mechanism for the first time in Australian tax history. Instead of cherry-picking how losses offset gains, investors will now be forced to burn through their oldest gains first — stripping away the 50% CGT discount and leaving newer gains fully exposed to the punishing new cost-base indexation regime from July 1, 2027.
Say you bought shares in 2018 and again in 2024. You sell both at a gain, but you also have losses to offset. Previously, you'd apply those losses to your 2018 gains first — which already qualify for the 50% CGT discount, meaning less of them are taxable anyway. Under the new rules, you're forced to do exactly that — exhausting the discounted gains first and leaving your 2024 gains fully exposed to the new, harsher indexation rules.
You end up paying more. This isn't an oversight. It's a deliberate revenue grab buried in fine print
Meet Alison Heydari and Olivia Pinkney…
Alison designed the “Race Action Plan”.
Olivia implemented it at Hampshire PD.
It was created after George Floyd to fight racism.
Officers had anti racism and inclusion training.
Henry Nowak was a victim of their “Race Action Plan”.
@crapbearddad Blame the government! They have drummed this woke everything is racist bullshit into all public servants it’s a natural reaction now! White ppl racist that’s their brief 🤬 disgraceful