Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) | Hansard source

I'm not certain, Senator Chandler. I'm just trying to understand. You said 'nine out of 10'. I'm not sure where you got that figure from in your question. What are you referencing? I'm just asking in order to understand. The advice to me is that we're making changes about how the concession is calculated. We're not taking away the concession, so small businesses obviously will have that. We're raising the turnover threshold from $2 million to $10 million for the existing component—I think there are four components in small business, potentially, depending on what you're eligible for. One of them is the existing 50 per cent active asset reduction. We are increasing that turnover threshold from $2 million to $10 million, but the new way of calculating the CGT concession will still remain available.