Labor and Greens finalize agreement to advance capital gains tax changes

Labor and the Greens reached an agreement on capital gains tax and negative gearing changes, allowing the government to implement its budget tax package promptly. The deal includes limiting self-managed superannuation funds from buying property and adjusting the capital gains tax discount. A recent poll shows 59 percent of Australians are pessimistic about the economy, reflecting growing concerns.

Summary by OZbrief Editorial · The West Australian · Source