CANBERRA, ACT, June 2 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: Budget legislation, Treasury Secretary, housing reforms, tax reforms, wages
Sarah Abo:
We're joined this morning by Treasurer Jim Chalmers live in Canberra. Treasurer, good morning to you. Good to see you.
JIM CHALMERS:
You too, Sarah.
Abo:
So, are you playing God when it comes to these new tax policies, giving yourself the power decide which assets are eligible for CGT discounts?
Chalmers:
Of course not. This is another beat‑up, unfortunately, Sarah. It's not unusual in tax legislation for the definitions to be settled in what are called legislative instruments. Those legislative instruments are disallowable by the parliament...