CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: 2026 Budget
Mark Riley:
Treasurer, thanks for joining us.
Jim Chalmers:
Thanks, Mark.
Riley:
A budget redressing the balance between those who earn and those who own. Fair?
Chalmers:
A big motivation for the Budget is to try and better align the tax treatment of people who work for a living with people who earn their income in other legitimate ways. And so really, it's about that. It's also about helping people get a toehold in the housing market, but also tax reform to encourage investment and innovation in our economy more broadly.
Riley:
So, these changes in the property market don't begin for a year. What effect will it have o...