CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following transcript:

Note

Subjects: federal Budget, capital gains tax, negative gearing, tax cuts, NDIS

Sarah Ferguson:

The Treasurer has made his way from the floor of the House of Representatives to the studio and joins me now. Congratulations on the Budget and welcome.

Jim Chalmers:

Thanks very much, Sarah.

Ferguson:

As Jacob just pointed out, negative gearing, capital gains, the Prime Minister categorically ruled out these changes before the election. Will you first acknowledge the broken promises, and then we can talk about why?

Chalmers:

Yes, I acknowledge that the government's come to a different view about some really important policy areas. The comments and c...