Carrington Clarke

would make it less attractive.

It would make it harder for them to get capital into their businesses and make it harder for them to get the investors that they need.

They are still doing the changes.

The capital gains tax discount is changing.

But there are all these little gifts to the startup community out there, these incentives to try to offset, I guess, in part, but also to help Australia's startup scene to build big businesses of the future.

And there was a change, wasn't there, with loss carryback?

They have made the size of the company smaller that is eligible for this from what it was back under COVID.

Is that right?

Going from $5 billion, I think, global turnover to $1 billion.

So they seem to be wanting to give special treatment to smaller businesses because they believe that they are particularly vulnerable to do years where they don't get the cash flow that they need to maybe keep

It seems quite complicated.

I think a lot of people, as you were struggling to get through it, I was too, to understand how all of these different aspects will work for individual businesses.

There's going to be a lot of work for accountants.

There's going to be more demand for accountants.

The RBA might not be happy about that.

Any greater demand might make the inflation job that more difficult.

But I guess when it comes to businesses, it is a cost of doing business, isn't it?

Trying to navigate your way through

the taxation arrangements and try to make sure you're utilising the incentives that are there to make sure that you're making the business as profitable as it can be, first of all, and that you're not paying any tax that you shouldn't be paying.

Do you get the impression from business leaders, though, that they're overall pretty happy or is it still a case of them trying to work through what this is going to mean for their individual businesses and try and work out where they might be getting hurt a little bit versus where they're going to be receiving some benefit?