James Kirby

Thank you, Andy.

Look, before we go to questions, where do you think this goes from here?

Yeah, and you have to read the fine print.

And if you don't, find someone who understands it.

Because as you say, it's all fine saying you can't get your money out and it's gated and you'll get it in the end.

But hey, that doesn't really... If you're sitting there wondering, are you ever going to get your 100 grand back?

Because often it was 100 grand to go into these funds.

And you get it back in three years' time.

Well, you're not winning.

Okay, we will take a short break.

You can digest all that at your leisure, folks.

I have some very good questions for Andy.

Hello, welcome back to the Australian's Money Puzzle.

James Kirby with Andy Darroch.

of Independent Wealth Advice, who is, as you can gather, an independent wealth advisor.

That's why he's able to talk so freely on this show.

And that's the advantage of independent advisors, of course, which, as you know, I like.

All right.

Mark says, Mark asks, there is a lot of noise regarding the current 50% discount on capital gains tax for assets sold after 12 months.

Prior to this, the cost base was indexed to CPI.