🚨 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
This is the BEST troll of @AlboMP ever 🔥
Business owners posting about their “silent business partner” who takes 47% of their profits… and doesn’t have to lift a finger!
A perfect protest against Labor’s capital gains tax grab.
Taxation is theft. Libertarians will never vote for tax hikes - they all hurt families and businesses.
@LibertariansNSW
I’m grandfathered I’m lucky. What about every other person in Australia starting a business from today onwards. They will lose up to 47%. What has @AlboMP@JEChalmers added 0% capital, 0% risk, 0% effort, 47% of the gains gone.
@AlboMP isn’t a silent equity partner, he’s a hostile takeover in a hi-vis vest.
We all build Australia. He bleeds it dry. Tell your story!
This federal budget is a continuation of betrayal of the Aussie worker:
• A typical full-time worker makes $100,000 per year
• $250 reduction per year for workers from 2027
• $1,000 deduction ($300 reduction per year) from 2026
• Income tax bracket from 16% to 15% from 2026 to 15% from 2027 (~$540 per year from 2027)
• Total ~$1,100 reduction in income tax per year from 2027
• With $60,000 annual expenses, inflation will erode disposable income by ~$4,500 per year
• Net position is they’ll go backwards by ~$3,400 per year from 2027
And it's even more grim for those on lower incomes.
And this assumes an optimistically low inflation forecast.
And now they’ll be slugged a higher capital gains tax on investments.
Labor will sell this as ‘intergenerational fairness’ and ‘helping workers’ while knowing they’ll keep backwards.
Unbelievable.
Albo (ft. Chalmers) just reformed the tax system for everyone except himself. Both his investment properties are grandfathered, so he keeps the negative gearing. His old Marrickville place is CGT free under the 6 year rule. And his parliamentary pension, pre 2004, around $350k a year indexed for life, no caps, no Division 293, no transfer balance limit, didn't get a mention. He's happy to tax aspirational Gen Y/Z capital gains to plug the deficit while drawing a retirement no normal worker could ever touch. That's not reform mate, that's intergenerational protection racket.
@GeoffWilsonWAM@matt_barrie@cjoye@markbouris@AlboMP@JEChalmers@TimWilsonMP@AngusTaylorMP
Calling it what it is. The @ausgov rumoured CGT changes are a declaration of war on small business and startups.
Entrepreneurs building real companies, creating jobs, taking risks are now facing double plus the tax on success.
Shares, businesses, farms will all get hammered.
Australia doesn’t have a revenue problem. We have a productivity and aspiration problem.
This pure tax grab kills the next generation of Australian
Stop it.@JEChalmers@AlboMP #AussieTaxGrab
Let me see if I have understood this correctly if I may…
Australia can commit $368B to submarines, spend ~$50B a year on the NDIS, $45B a year on Medicare and $35B a year on Indigenous programs… but when it comes to reliable, 24/7 electricity to keep industry competitive, suddenly it’s deemed “too expensive”?
Codswallop. Vote @OneNationAus and let’s fix energy generation in Australia forever.
Drew Pavlou and Pete Zogoulas just released the most damning piece of investigative journalism Australia has produced in years.
Minnesota’s disability fraud broke the internet. Australia’s makes it look small.
The NDIS is a $52 billion/year program, the 3rd largest expense on the federal budget and larger than Australia’s entire defence budget.
In Lakemba there are 1,300 registered providers. Statistically, 1 in every 3 people is running one.
The investigation shows 9 providers sharing a single building address. Every door was locked across multiple visits. Phone numbers disconnected, websites broken or gone entirely.
They then set up a cleaning sting by hiring an NDIS registered cleaning provider; the kind billing directly out of disabled people’s government support packages.
Two cleaners show up to a staged Airbnb with zero equipment. They clean with the room’s own tissue box and leave in 25 minutes. Invoice: $236. That includes 2 hours labour at $116 and $120 in “travel costs” claiming 60km when the actual distance was 30km.
When confronted, the provider reissues it at $24.80.
Then there’s M&F Disability Services. They received a lifetime ban from the NDIS in September 2025 for fraud.
Within weeks, Sunny Days Care opens at the exact same address, on the exact same phone number, with the same accountant connected to both entities through ASIC records.
When Drew and Pete walk in and ask questions, staff physically assault them, smash $800 worth of equipment, and scream sexual harassment allegations on a public street.
The NDIS integrity chief told the Australian Senate that there are literally not enough judges to deal with the known fraud cases (we’re talking tens of billions).
Out of 7,000 fraud tip offs from participants reporting their own providers, only 16 prosecutions have been completed.
16 out of 7,000.
Well well well.
If this isn’t dodgy I don’t know what is!
Looks like Albo has been sticking his hands in the cookie jar.
In estimates I found out that what was an initial commitment of $30 million to fund a road on the central coast has been upgraded to $100 million with no actual reason as to why?
It turns out this road is the road that leads to Albanese new beach house.
Furthermore the NSW Government or the local council didn’t feel the need to contribute an extra cents.
Was Albanese using taxpayer dollars to impress his new girlfriend?
We know he likes to call his mate Joyce for flight upgrades, so he clearly doesn’t mind milking the system.
Not only does this look dodgy, it’s also hypocritical.
Albanese jumped up and down when the prior government paid $30 million for a vital piece of land in regards to Western Sydney Airport, yet he is more than happy to splurge more than 3 times that for a road that isn’t even the responsibility of the Federal government.
I smell a rat here.
#auspol #australia #albanese #taxpayer
NEW: Man with a suspended license joins court Zoom call while driving in his car.
This is the funniest video I've seen in a long time.
Judge Cedric Simpson can be seen dumbfounded after defendant Corey Harris dialed into the meeting from his car.
Simpson: "Mr. Harris, are you driving?"
Harris: "Actually, I'm pulling into my doctor's office, actually. Just give me one second."
Judge Simpson then revoked Harris's bond and ordered him to turn himself into the local jail.
The incident happened in Ann Arbor, Michigan.
Rest in peace Australia - it's over - we lost
One Nation recently organised an Australia wide rally to oppose Digital ID.
In Melbourne, I would say between 2,000-5,000 people turned up where we needed at least 100,000 in each state.
Aussies are either uniformed or disinterested.
I had hope that we could beat the incoming tyranny but now with the Disinformation Bill & Digital ID being passed & soon we will sign up to the WHO, there is no hope for Australia.
I feel sorry for my followers & my children because death is more appealing compared to what the future holds.
Australia 🇦🇺 just passed its Digital Identity Bill into law.
I'm Australian, but live in Iceland 🇮🇸: a country that already has an all-encompassing digital ID system. If you're wondering how Australia's new system will play out, I'll tell you here.
And also, how Australians who don't want a digital ID can attempt to protect themselves... at least for a short while.
In Iceland, the digital ID system is linked to each person's kennitala, or social security number.
I sign into everything with my electronic ID (rafræn skilríki) via my phone. Any time I access my bank account, phone services, accounting, tax, insurance, credit score, manage my assets (car/house), power bill, medical record, when I vote, or even want to pull up a store receipt of something I've bought, it's all linked to my digital ID.
Everything in one place. Everything.
You cannot NOT have a digital ID to live in Iceland. It's impossible.
You can't get power turned on, get a phone number, buy or register a car, rent or buy a house, or even buy certain items without having a kennitala or digital ID. You need one.
This has its benefits (it makes life more streamlined when you're trying to do something in daily life), but it also means there is no privacy at all in Iceland.
Anyone can look up where I live. The license plate of my car. How much tax I paid last year. My phone number. You name it. It's public and available—and all you need is my kennitala to find it all out.
But the government has access to more.
The Icelandic government and tax office has access to my bank accounts and knows every transaction I make, what I spend, and what I earn. They don't need a warrant, or anything else to access it—it's theirs. They just need probable cause to look at it.
Australians, this is what's coming for you.
Over the coming years, the government will make it impossible to opt out of the digital ID system. You'll need one for everything.
And most importantly, they'll coerce Australians into adopting it by creating laws that link it to the most important thing you need to survive in today's modern world: your bank account.
They'll do it on the grounds of anti-money-laundering and financial safety. The gov't will enforce laws onto banks (among the many ID and verification laws already mandated on banks) that if you don't have the digital ID, you won't be able to open, keep, or use a bank account.
If your refuse, you'll effectively be locked out of society. Because in today's modern world, you need access to banking services to survive.
Banking will be first. Then everything else in society will be linked to your digital ID.
Nothing will ever again be private. Just like in Iceland today, the government will know everything. Always. Forever.
So, are there ways to opt-out or protect yourself?
Yes, and also no.
It all comes down to having other options.
If you're solely a citizen or resident of Australia and nowhere else, you will have no other options. You will be forced to stay in the ecosystem of Australia.
If you have a second passport however, you will have a second nation to fall back on to use its banking, economic, and social system if you don't want to be forced into adopting Australia's. You can still live in Australia, but potentially hold bank accounts in your other nation.
If you don't have a second passport, but know you're eligible for one via a parent, grandparent, or other means, I would seriously suggest taking action to claim it as soon as possible.
But what if you are stuck? Sure, you could leave Australia. But that's not for everyone.
One backup plan that may help you for a while, is becoming an eResident of another country.
eResidency (or digital residency) allows you to access the services of another nation (like banking, etc) without living there. The two major eResidency programs offered today exist in the Baltic EU nation of Estonia, and the island nation of Palau.
You never have to go to either country to claim eResidency. It's a background check, and a small payment, and you can be then sent a nationally-recognised ID card from that nation, that will allow you to among many other things, set up a bank account.
Simply search for "Palau digital residency" or "Estonia eResidency" online if you're interested in either.
It's not a perfect solution. It won't completely protect you if your decision will be to stay in Australia long-term. On a long enough timeline—like in Iceland—you will eventually have to get Australia's digital ID.
The government will make it impossible for you to live otherwise.
But having a backup plan—like a bank account, or money/assets in a location that is harder for the Australian government to access or block you from—might be something you are interested in.
And I'm all for having backup plans.
But again, the best backup plan will always be a citizenship/passport of at least one more nation, or at the very least, you having a permanent residency permit elsewhere. Somewhere that believed in citizens having freedom and privacy.
I hope this helps.