The Problem
The Australian Government’s 2026 Budget overhaul of Capital Gains Tax (CGT) is being sold as a way to fix housing affordability. However, the policy goes far beyond property. Starting July 1, 2027, the removal of the 50% CGT discount and the introduction of a 30% minimum "floor" will punish everyday Australians who invest in the stock market.

Why This Policy is Misguided
Targeting the Wrong Market: Shares and ETFs have nothing to do with the housing shortage. If the goal is housing affordability, the policy should be limited to investment property. Touching "low-barrier" vehicles like shares only hurts those who are trying to build wealth without competing for houses.
Damaging the Local Economy: When Australians invest in local businesses, those businesses create jobs, innovate, and expand. Taxing these investments discourages the very activity that allows people to earn enough to afford a mortgage in the first place.
Ignoring National Sovereignty: Strong local businesses reduce our reliance on imports and help fix the trade deficit. By making Australian shares less attractive, the government is pushing capital away from our own industries.
The "30% Trap": A 30% minimum tax floor means that even if you have a low-income year—such as a parent staying home or someone between jobs—the government will still take nearly a third of your "real" profit. This effectively ends the ability for small-scale investors to grow a nest egg tax-efficiently.

 
Our Demand
We call on the Federal Government to:

Exempt Non-Real Estate Assets: Retain the 50% CGT discount for shares, ETFs, and managed funds to encourage productive investment in our economy.
Protect Local Business Growth: Recognize that share market investment creates the jobs and prosperity needed to solve long-term affordability issues.
Abolish the 30% Floor for Individuals: Don't penalize families and low-income earners who are simply trying to save for their future.
Sign this petition to tell the government: Support Australian businesses and jobs—don't tax our shares to fix your housing failure!