share & ETF investors: what the tax changes mean for you
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What is the main topic discussed in this episode?
Hello, friends. We are jumping on for a bit of a bonus episode. A bonusode. A bonusode, if you will. Last week, we did a, on last Thursday night, we did a live thing on YouTube and we talked about the tax implications to property investing. Today, we are recording this Friday, the 22nd of May, 2026, in case something in the legislation gets leaked and changed or A political party lobbies something and something changes. But we're going to talk about the tax treatment and the impacts of the announced changes to investing in equities, ETFs, predominantly outside of super. What does it look like for other investment vehicles? Today, if you are watching on YouTube, my name is Ren. Which one wants to be Bryce?
I'll be Bryce. Bryce, yeah.
So Cameron- So where does that make me, Jess? Yeah, that'll do. We are actually recording this in the Equity Mate studio. I needed a studio in the city, so I called a mate, an Equity Mate, and I'm like, well, if I'm in the building, let's get someone with a brain- Actually, that really sounds like I'm saying the boys don't have a brain, but I did ask Ran and Alec to start with, but they're busy. I think I'm a trained professional. A trained professional. Cameron Gleeson from BetaShares.
Pleasure to be here.
Thanks for jumping on. Yeah, of course. I will disclose BetaShares has not paid for this. I just thought I would like to have someone, a professional, and I'm using your studio, so thank you. And Vince Scully, you all know Vince. He's around here. Bit of a campfire chat vibe. But a shorter one. Well, sure. It won't be three hours today, everyone.
Can I ask, are we professionals because we've got collars on? Is that the difference?
What tax changes are impacting ETF investors?
Yes. Is that what makes us professionals? That's right. Okay, good to hear.
I think it's because we have licenses. Okay. Yes. Before we do that, Cameron, what's your shtick? Who are you? What do you do?
Okay, so I'm Cameron Gleeson. I'm a senior investment consultant.
Keep going.
So I head up our investment strategy research team here at BetaShares. I work with clients all the way from, you know, moms and dads through to institutions on portfolio construction. I do a lot of work on our product development. So coming up with new investments, including new ETFs. And I sit on our investment committee. Hmm. So, you know, it's an exciting place to be, BetterShares, and times like now when there's so much change in something so important as tax and tax outcomes and how it impacts investments, it's also quite a busy place to be, so... Yeah.
And do you have, like...
i assume the answer is no but i never assume anymore like does beta shares or your corner of the business have a view of the budget what was announced yeah so i mean i think we've got to sort of differentiate between what what's our our view in terms of is this good or bad policy to what does it mean for investing they're two very different things obviously and we you know we we We've expressed in the media and through our CEO our view on the policies, in particular on the capital gains changes, the reversion back to indexation. Our view is that this is a retrograde step, that it's not necessarily a move in the right direction. There's a number of reasons for that. One of them is that the overall, you know, I guess the sales pitch was around intergenerational wealth.
And we don't necessarily think that these changes help.
It helps the government scoop some intergenerational wealth on the way through.
It might do. It might do. It might do. And it also creates some interesting dynamics in terms of the incentives of, for example, a corporate and their board in terms of their own distribution policy, what they might choose to do in terms of withholding profit and growing their business and growing the Australian economy or paying out dividends. So I think there's some nuances there that we don't necessarily think are a great thing for the Australian economy, as well as the potential for an impact for people who are more growth style investors. Of course, there's also the perspective as to what does this mean for different investors.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:06–1:48
2
What tax changes are impacting ETF investors?
1:48–13:11
3
How do the tax changes affect growth investors?
13:11–18:07
4
What should I consider when deciding between ETFs and managed funds?
18:07–26:10
5
Are investment bonds a viable option in this tax environment?
26:10–32:57
6
What strategies should I adopt in light of the tax changes?
32:57–51:23
Speakers
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