Daniel Shrimsky

We're proposing $20,000 every year you can contribute.

And it would be taxed advantaged in terms of capital gains, dividends, interest that you would receive.

So you'd have to hold it again.

Our proposal is you'd have to hold it in this account for two years to take advantage of the tax incentivized scheme.

But investments wouldn't be speculative.

We think of a menu of eligible products, things like bonds or broad shares.

And again, it will encourage sensible long-term investing.

This would be nil.

For the $20,000 you could contribute every year, we're proposing zero tax on capital gains.

and dividends.

I see.

That's consistent with what we've seen overseas.

That's consistent with what we've seen work overseas.

So it's 20,000 per year.

And look, what we've seen in other jurisdictions is it's been very attractive with medium to low income earning households.

And that's where we need the help.

That's the group that needs help.

And, you know, we think it can, as I said, help people save for a deposit on a home.

And the earlier we get Australians into housing, the better.

So I think there's real merit.