Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

Here's what they had to say. The Institute of Public Accountants, last time I looked, is not an affiliate of the Australian Labor Party, though I am worried about the IPA being quoted by the Treasurer, I must say. It's the second faux pas he's committed today, on top of the tie. The Institute of Public Accountants had this to say: 'Over 90 per cent of small-business owners will potentially qualify for some of the CGT concessions.' If they can avail themselves of those concessions, they're going to achieve, in some cases, tax as low as zero. This is what Nash Advisory had to say:

The preservation of the small business CGT concessions is the most important detail in this budget for business owners considering a sale.

They went on.

… the concessions under Division 152 were always the more powerful mechanism, and they remain fully available.

That is what they had to say. Daniel Petre, the co-founder of Airtree Ventures—they help founders launch and grow their companies.

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