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

Yes, because the threshold has changed for a start. All those businesses that were operating above $2 million and below $10 million will now have access to the 50 per cent active asset reduction. This means all 2.7 million active small businesses, not just some, and 98 per cent of active businesses will be eligible for concessional treatment. This is on top of the other concessions, which we haven't gone to but which, depending on your circumstance and what you're doing when you make that gain or when you trigger that capital gain event, mean that eligible small-business owners pay reduced or no capital gains, including when the time comes to sell. We have an understanding of that. The increase in the threshold from $2 million to $10 million—and I appreciate the discussions the Treasury has had with COSBOA over the last little while—has been an important adjustment to make under these reforms.