Greg Smith

That's right.

And that's a great description.

I'm really glad you got that disclaimer in there as well.

It took me about three minutes to get through that.

But yeah, it's gone from $50,000 to $100,000.

You're quite right.

So it means for smaller investors, they won't potentially have to worry about those fifth calculations.

But, yeah, I suppose worth pointing out, though, if you're investing in managed funds or KiwiSaver, it doesn't really affect you.

So this is more for direct ownership of foreign shares.

So, yeah, we'll sort of see how that plays out.

There's another little quirk in there as well about unlisted shares as well, which probably –

It's an even smaller subset, but they've broadened this revenue account method.

I think it did apply to skilled migrants and certain returning expats that used to be taxed on your paper profits rather than the actual realised profits.

So there's that little change as well.

But yeah, the main one would be the $50,000 to $100,000, which might mean that it reduces complexity in administration for a number of direct investors.

Yeah, that's right, and I think it just sort of opens the window a bit more, doesn't it?

You mentioned about being put off by theft and the rules, and then, yeah, I guess an increase from 50 to 100 just opens that window a bit more, doesn't it, and sort of reduces that disincentive, if you like.

Oh yeah, best laid plans.

That's basically what it's about.

And the government will be judged if those sort of plans are met in a few years' time.