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The Guardian - AU
The Guardian - AU
National
Luca Ittimani

Afternoon Update: CGT exemptions for small business; ebike thefts soar; and Australia’s top university named

Australian prime minister Anthony Albanese speaks as he stands with treasurer Jim Chalmers during a press conference
Anthony Albanese and Jim Chalmers announce bigger capital gains tax exemptions for Australia’s 2.7m small businesses. Photograph: David Gray/AFP/Getty Images

Good afternoon.

Anthony Albanese has announced bigger capital gains tax exemptions for all of Australia’s 2.7m small businesses. Startups and testamentary trusts are also set to receive carve outs from the government’s contentious tax reforms.

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