The Australia Desk · Story 7

CGT changes pass lower house after Treasury boss’ admission

Jenny Wilkinson PSM was appointed Secretary to the Australian Treasury on June 16, 2025, becoming the first woman to hold the position. Gary Ramage
Image via r/AusFinance

A top weekly thread from r/AusFinance, drawing 390 score and 824 comments.

It rose to the top of The Australia Desk, making it a useful signal for what this audience argued about or shared this week.

Key details

  • r/AusFinance ranked it at story 7 for The Australia Desk.
  • 824 Reddit comments were reported on the source post.

Discussion angles

  • What the headline says about the australia desk.
  • Why r/AusFinance pushed it above surrounding stories.
  • Whether the discussion has broader relevance beyond the subreddit.

Top comments

The top 5 comments collected for this story carried 637 combined score. The quotes below are short excerpts from the highest-ranked visible comments.

Someone with $450K cap gains decided to sell down over ten years. Under old system they'd pay just $906 tax per year, or $9060 over ten. Under new it's $135,000 + indexation. I completely disagree with you OP....
u/AsparagusNew3765 · 180 score
It will be truly hilarious if it's the Greens that end up blocking the bill. Maybe everyone should lobby the Greens to remove the grandfathering
u/StrongJudge3730 · 152 score
I'm surprised how a 30% minimum CGT is being slipped in under the guise of "fairness". I never understood how people triggering CGT in a low income year was a problem in the first place, nor how it relates decreasing house prices, especially since it affects...
u/cewh · 137 score
Still needs to get through the senate, and they need 9 non-Labor votes. It’s not necessarily a given the Greens will support it in its current form - given they want the changes to go even further....
u/OstrichLive8440 · 128 score
Kids have been saving with direct shares for years. They can't afford a house yet and drive old second hand cars. Reddit and Labor call them rich because they have some shares.
u/PowerLion786 · 40 score
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