The Saturday Edition | 20 June 2026
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What is the Saturday Edition format and who are the hosts?
This is the Saturday edition of Fear and Greed, business news you can use. I'm Michael Thompson and good morning, Sean Aylmer.
Good morning to you, Michael Thompson.
Now, Sean, our Saturday show is very different to our weekday show. That's all about the weekday. It's really all about the news and making sure that you get everything you need in just a... 15 minutes or so. This is a competition. The weekend is a competition. It is a battle. And it's about the two of us each putting forward what we think is the biggest business story of the week, the most remarkable business story, a mystery category that changes every week, and then our favorite story. And then those are decided as the winners or the losers by our judge, our fear and greed colleague, Adam Lang. Adam, good morning.
Good morning, Michael. And good morning, Sean.
Good morning, Adamski. Oh, dear. He's a bit smelly this morning in the studio, Adamski. He went running.
Did you run here by chance? Just a quick workout before recording.
It's pretty obvious he's not in the suit this morning and he's got his running gear on. That's very unlike Adam because he's so process-driven and always on time. You don't smell, to be perfectly honest.
I'm out of schedule, though. It's very unusual.
Would you describe yourself as a routine-driven person, Adam? Slightly, yes.
Probably could do better, but slightly routine driven.
If you enjoy your consistency, please describe to us what you are looking for when you are judging our stories and then justify why you do not consistently apply those criteria. Yes.
Very good point. I'd like to hear this. Come on, Mr. Consistency.
All right, being a business news-based podcast, it's topicality and timeliness and economic impact, probably most of all. But we do love a bit of playing the subjective bias, that's mine, and we love a bit of melodrama too. So throw them all in, but economic impact at the top.
Well, we'll do what we can. Let's go. Bigger story. Sean, take it away.
The capital gains tax backflip with Pike. Triple Pike. Three bits to it. Only once capital gains tax. Three bits to it. 2.7 million small businesses turning up to over $10 million rather than $2 million. Up to $10 million will be eligible for a 50% concession on capital gains tax when people sell the business. Second part, testamentary trusts that are used to bequeath assets To beneficiaries, they're to be typically exempted from the minimum 30% tax on discretionary trust distributions, no more death tax. Third part, Labor will also allow startups that meet an innovative business definition to retain the 50% discount. Back down, listening to community, responding to the needs of small business that don't care.
It is a backflip. Maybe they were watching the polls and One Nation's rise. And this, as opposed to whatever Michael says, not that I've got any idea what Michael's going to say, this is likely to have real effects on people, on investment.
Oh, yeah.
on business operations, on economic growth, it actually does have huge economic implications because it sort of greenlights the small business sector again. Now, it's not a total back down. So the government is sticking to its guns. It's doing nothing different on housing, for example. That remains the capital gains tax discount has been reduced on that one. But this really is a back down from the government, a backflip, whatever you want to call it, trying to get small business back on side post the budget, which has really hurt their polling. Full stop, end of story.
Look, I know I'm setting myself up here, but, I mean, really, nothing happened because it's all still policy, right? It hasn't been passed yet. Like, it's just we're going to do something, now we're going to do something different, but they haven't actually done it yet because it hasn't passed policy. He in glass houses shouldn't throw stones, Michael. This is why I said, I'm like, there was this internal struggle just then. Do I say this? Do I not? And I couldn't resist the opportunity knowing.
Michael, remember. Chemist Warehouse, they didn't buy boots in the UK, did they?
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Chapters
4 chapters
1
What is the Saturday Edition format and who are the hosts?
0:06–8:56
2
What was the government's capital gains tax 'backflip' and who benefits?
8:56–18:09
3
What did Pauline Hanson’s Press Club speech reveal about One Nation’s policies?
18:09–28:20
4
How did Barnaby Joyce and coalition politics influence the week’s political story?
28:20–30:58
Speakers
3 identifiedMore from FEAR & GREED | Business News
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