CANBERRA, ACT, June 19 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: tax reform, support for small business, the Budget
Kieran Gilbert:
Jim Chalmers, this is quite a backflip, isn't it?
Jim Chalmers:
Not at all. This is the outcome of the consultation that we flagged in the Budget papers themselves. We're putting out this consultation paper on startups, we're making sure that 100percent of the 2.7million active small businesses have got access to the CGT concessions and carve‑outs, we're announcing a whole range of implementation details as we flagged on the night, and so this is consistent with that. It's all about making sure that we can incentivise investment, support small businesses in the wa...