CANBERRA, ACT, May 13 -- The Treasurer of Australia issued the following transcript:

Note

Subject: 2026 Budget

Raushaan Seychell:

So, look; really insightful to really go to the Budget lock‑up, see a Budget announcement and I think the real big overarching theme that we've gotten from the Budget is a shift from taxing income to taxing wealth. So I guess my main question, especially when it comes to housing, because that falls under the idea of taxing wealth-considering it's been thought of as an asset for a very long time. I guess, especially with capital gains and negative gearing reforms, where does and especially - I know I asked you a question about the indexation of capital gains tax. How does that sort of increase, you know,...