Vince Scully

Yeah.

Subject to potentially sheltering someone with a concessional super contribution.

But generally, the incentive is to wait till your tax rate's lower to sell your property when you now need the income to retire on.

And this will change that dynamic a little bit.

I mean, bringing pre-1985 assets into the CGT network.

Well, they will care when they inherit mum's house.

They will.

Because they won't get a market-based cost base when they get it.

They'll get an adjusted purchase price.

So yes, it will matter.

So you would think that the –

Where it does play into first home buyers is if there's fewer negatively geared investors competing for the same stock and Treasury are saying prices are going to rise at 2% less, that makes it easier.

Less demand, lower prices, what's not to like?

Now, we've got an inflationary budget and we're going to have more rate rises, which could undo all of that.

So, interesting challenge.

And- We didn't have to do this when we had four refineries in the country.

Maybe have that argument with the Western Australian government who's coining in the royalties.

What's it being spent on?

So it's just general anti-terrorism rather than a specific...

Yes, and I think that- We're not putting armed guards in synagogues.