James Kirby

And did they say they wouldn't go near a family trust?

I can't remember.

Okay, right.

And they have justified, obviously, this by saying that times have changed.

And we will not go down that road, which is a political debate, except to say as investors, a lot of what we know has been sort of turned inside out.

It seems to me that the worst thing here, Will, is that incentive...

It's kind of smothered and I don't see any incentives to invest.

I see loads of disincentives to invest.

The startups are kicking loudest as they should, but I see that there is a wriggle room there that they are in negotiations to see how it might apply.

So do you think there might be exemption for startup investing?

And if there was, would more people like your clients go into startup investing?

Do you think with, I mean, obviously startup investing, even if they did exempt it, most people aren't wealthy enough or are willing to take the risks in there.

More generally, people buy what they know.

Just like they've been listing offshore, I suppose.

Yeah, yeah, the Atlassians of this world.

Commonwealth Bank had its worst day in a long, long time this week.

It fell 10% at one stage, which is a hell of a lot for Commonwealth Bank.

Often the biggest stock in the market.

Bellwether stock, the Bellwether stock for Australia.

The explanation, they missed their numbers to some degree, but the explanation...