CANBERRA, ACT, June 19 -- The Treasurer of Australia issued the following transcript:

Note

Subjects: Budget, small business CGT concession turnover thresholds, start-ups

Karl Stefanovic:

More now on Labor's budget back‑down, and Treasurer Jim Chalmers joins us from the Central Coast of New South Wales. Jim, good morning to you. Look, carve outs or cave in, the whole thing's a bit amateur hour, isn't it?

Jim Chalmers:

Morning, Karl. This is the consultation that we flagged on Budget night. It's all about providing more certainty for investors, more support for small business, more incentives for innovation. It's not unusual when a government's embarking on significant tax reform for there to be a period of consultation to nail do...