Exactly. they clearly can't come up with the money. Many people also hold a home or have their farm business in their super. What are they to do also? Of all the proposed changes, the tax on unrealised gains is the most ludicrous imo, but just goes to show how poorly considered the changes are.
They could of introduced a cap on the tax free threshold allowed on the sale of your home and also included the family home in any asset test for the age pension. This would mean some people needing to downsize to free up capital or needing to take out a loan against their home if they no longer qualified for the age pension. This system would be fairer imo and would free up some housing to allow younger people in. Too many pensioners living in expensive housing in my opinion. This is not fair on the younger generation. The problem is clearly beyond the government to solve fairly.
Anyway, will try to make this my last post on the matter.
Great to feel a sense of anticipation about the trading week to come. It has been a while. Hope we get some great news soon regards either 4th offtake, extra funding requirement or DSO offtake. As long as we stay on schedule, good rewards should follow imo.
G
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16 | 448006 | 0.960 |
10 | 273881 | 0.955 |
34 | 357765 | 0.950 |
7 | 148508 | 0.945 |
Price($) | Vol. | No. |
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0.980 | 30256 | 2 |
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