Sean Aylmer

That pushed down the big gold miners like Newmont and Northern Star.

The big banks lost ground.

CBA and Westpac were both down a couple of percent.

Technology stocks also lost ground, while the energy sector was the biggest winner on the back of the price of oil.

There were a couple of strong performers among the large caps.

CSL jumped 5%, QBE up 4.6%.

Yes, why not?

Yes, so startup founders and investors have complained they could face capital gains tax rates of up to 47% under the current rules.

Chalmers said the criticisms had ignored the $3.5 billion of incentives Labor was offering businesses to support risk-taking at critical stages in their development.

Now, the Treasurer said that since the 50% discount on capital gains tax came into effect in 1999, the

The proportion of Australians with shares had actually declined by 20% since 2019.

Up to 90% of investor lending had been for existing housing.

So he's basically throwing stats to back his argument that the reduction in the capital gains tax discount will do harm.

Yeah.

So days after new Liberal President Tony Abbott said the parties could swap preferences, Coalition Shadow Cabinet Minister Tony Passon went further.

He put forward a far more serious proposal to come to an agreement with the One Nation on which seats to run in so that the Coalition and One Nation wouldn't be competing with each other.

That is almost an alliance.

Both Taylor and Patterson said it wasn't going to happen.

But of course, the comments opened the door for Prime Minister Anthony Albanese, who suggested the coalition had given up on the next election.

Yeah, so it's interesting.