Gareth Hutchins

Yeah, these are all the political calculations that the government has to make.

I think they'd have to have some type of grandfathering arrangements to make it saleable to the electorate.

There's going to be a political pushback regardless

If you don't have grandfathering in place, it will make that pushback even worse.

So it's just all about these transitional arrangements.

As you say, do you delay it by a year?

Do you space it out over a number of years?

Former Treasury Secretary Ken Henry has said he hates the idea of grandfathering, just push it through, because he's been having this debate for decades now.

But then, you know, he's not a politician who has to deal with the voters voting at the ballot box.

So that's going to be one of the major issues, the major flashpoints of this budget come tomorrow night.

Yeah, they don't want their changes to be disruptive on prices.

They can have prices going up slowly or down slowly or staying the same, but they don't want this wild gyrations.

And so when it comes to, yeah, the transitionals, let's step through this thing slowly, it's about keeping prices steady.

You don't want to upset the people who will be having their investments impacted by this if they lose a large price on what they were banking on.

So again, the politics of it.

Well, the start-up community's concerns have to be listened to, obviously, because you don't want to have these guys leaving Australia for another climb.

It would be nice to have these arrangements just attacking housing in particular.

But again...

the government will have to think through all of these unintended consequences of their policies and hopefully sandbag them so that they won't affect the startup community in that way.

Yeah, they have.