Stephen Mayne

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

Now it looks like it might be reduced to 25% to 33%.

Has anyone given any thought to how that capital gains should be assessed?

And then Mark goes on to say whether it should be assessed over the life of your ownership of the asset rather than all coming to a head when you realise the asset.

And I think, frankly, Mark, that would be

a very complex thing to try and measure to smooth out gains over a five- or ten-year period.

But we do have the very live issue of which way the government's going to jump with their CGT changes, Alan, and I think the latest press seems to be suggesting it'll be back to the original Keating model with the index to CPI.

What are you hearing?

Yeah, that's right.

It's too big a subsidy.

They're in structural deficit and they think they can get away with the politics of it because it mainly affects the wealthier members of the community.

So we've also got Mark Butler at the Press Club today.

He'll be outlining some changes to the NDIS.

So it looks like on the spending side...

The NDIS will probably be one of the bigger moves in the budget, and they'll be giving some detail today.

And then on the revenue side, it'll probably be the CGT switcheroo, which will be the bigger one.

But it's not going to be a revolutionary budget, but they're shaping up as the two of the major things that are going to come through.

Yes.

Well, I mean, the decision was 16% over three years for registered nurses and midwives, 18% for enrolled nurses and 28% for assistants in nursing over the three years.

So that's certainly higher than inflation is likely to run at.