Prime Minister Anthony Albanese announced that all 2.7 million small businesses in Australia will receive exemptions from capital gains tax, with specific provisions for startups and testamentary trusts, according to the Guardian. CPA Australia has called on the government not to make isolated changes to capital gains tax or negative gearing, warning that changing one tax rule without complementary measures may cause unintended consequences for investment, housing markets, and economic confidence. CPA Australia Tax Lead Jenny Wong stated that tax policy alone will not address housing affordability, which is a significant concern. She noted that Treasury made clear during Senate Estimates that the primary issue in the housing market is insufficient housing supply. Wong emphasized that any changes to capital gains tax or negative gearing should be accompanied by practical steps to increase housing supply, expand construction capacity, and streamline planning systems. She also stated that capital gains tax and negative gearing are part of a broader tax ecosystem.