Will Hamilton

Correct.

And this is what I argued back in 2019 when, or 18, when Bill Shorten was looking to run on this and had flagged it, Chris Bowen had flagged all this.

I thought the unfairness of it was, yes, look,

People, you utilize the tax laws that existed on the day.

But one of the big uses of it was, you know, I think it was over a million small businesses or something that had affected.

And this was, you know, businesses that had set up.

And, you know, these people, they're working their asses off, so to speak.

And, you know, they're not taking a salary.

It's distribution through trusts.

Yeah.

Well, I think it's on that availability to rent and that return and where is the rental market?

And unfortunately, the rental market that people are wanting to rent is generally in a city with very few houses or built in a city because the land is available in the outer parts of the cities.

So it's a mismatch of where the demand supply is.

Yeah.

They've been allowed exemption.

And yeah, the government was asked again today and they've confirmed that they're exempted.

But I will say there's no more generous interpretation of what has happened is

The government's broken its word on this.

So let's just wait and see what's potentially down the track one day.

And I mean one day.