@ProfRowan_@CommSec I dug a bit deeper. They only banned crypto etfs with in-kind redemption. VBTC still available as theres no pathway to redemption. It was probably a capital flight decision rather than cyber security as you get buy more than the $10k limit CBA imposes on crypto exchanges
@taipan168 I think the best option for you is to vote for the coalition. ON is the only real contender against Labor. If you vote Coaltion, atleast they might become the balance of power and provide moderation to ON policies
@ausstockchick May CPI will come in lower. Oil prices came down further with petrol subsidies still in place. The real issue is trimmed mean will come in higher. Petrol subsidies can't hide mask trimmed mean inflation
@chrisbrycki Well said. I'm quite sure most people agree that something needed to be done about housing, but to blanket smash everyone with these new CGT changes is just rubbish. From small businesses to the young cohort who invest in ETFs, how does this help housing affordability?
My business (and I personally) will qualify for the proposed tech startup carve out… but it's terrible policy.
If these tax changes are so damaging that the Government needs to create special exemptions for tech companies and a subset of small businesses, that's an admission the underlying policy has serious flaws.
Why should founders, employees and investors in one industry get relief while everyone else wears the cost??
What about the medium-sized manufacturers, retailers, healthcare businesses, agricultural businesses, professional services firms and the thousands of ASX-listed companies that employ millions of Australians?
And what about the 7.7 million Australians who invest in shares outside super? They don't get a carve out despite facing much higher tax on successful long term investments. That gaping hole in the policy hasn't been fixed!
This $77 billion transfer from the productive private sector and aspirational younger Australians to government will make Australia less competitive, discourage investment, productivity and entrepreneurship, and push more capital towards foreign investors who are often exempt from Australian CGT altogether.
It's a massive own goal for the country.
@DanBurmawy I'm not a fan of Trump's involvement in Iran but this is completely factually incorrect. You do no service by getting the facts so wrong 🤦♂️
@DrEliDavid Taiwan defence will be a much more united effort, immediately with Japan and SK, followed by SEA countries. European countries likely to send support/aid too
@TheKouk Core inflation still too high. Oil only contributed to the already existing problem. This is evident in no change in core inflation from Feb to March (pre-war and during war periods). Oil coming down just decreases the severity of the inflation issue
@aaronsmith Spot prices only account for around 5% of power. The vast majority of electricity blocks are negotiated a week prior. Batteries have stabilise the extremes but will never be able to supply the bulk of electricity. Energy like coal is still essential as it can ramp up/down fast