Andy Darroch

I don't think it will cause major issues.

I think the thing that people will remember hopefully is that liquidity isn't guaranteed, that you may have to wait an amount of time to get your investment back.

But these are loans.

You know, the leverage isn't as extreme as other things in the past that have blown up.

These are funds that are lending.

You know, it's not a bank situation where you might have, you

you know lending these aren't prudential instruments so I think everything will be fine it'll just be hopefully everyone gets their funds back when they want them and you know the natural experience is when you're lending to high-risk companies that some of those will go bust and that's normal what should happen is that the interest from the other loans that do perform more than outweigh that so I'd say I don't think anyone needs to stay awake at night

being fearful it's just hopefully a reminder that you know sometimes products are marketed as being higher return but that return has to come from somewhere right

I, like you, don't know, and I really enjoyed when you had a question similar to this recently saying, if you do one thing, do not make big investment decisions based on hearsay, rumour and fact, and especially with things like property that have high transaction costs and taxes and all the rest.

I think, like, based on all the smart people I listen to, yourself included, that the amount of, you know, tacit leaking that's gone on with this pretty much guarantees that there's going to be some changes to CGT.

They're obviously... You know what?

Well, I tell you what, if I was a real estate agent, I'd have my phone switched on at 4pm on budget night on May 12, because I reckon you'll have some panicked people.

But generally, look, there's too much that's still unknown.

So will it be grandfathered?

Will it be siloed and quarantined just to residential investment properties?

My guess is that it will only be restricted to resi investment property.

I have nothing but just reading the news and my personal opinion to form that.

And then it seems to be that the 30% or 33% figure seems to be what most people agree on.

How they get to that, I don't know.

I don't know what the actuary that came up with that.