Prime Minister Anthony Albanese says Australian small businesses will will receive 'generous' exemptions from capital gains tax after changes were announced in the last budget.

The Prime Minister’s announcement on follows weeks of sustained criticism from industry groups, with some concerned about what it means for future growth.

Australian correspondent Murray Olds says economic uncertainty and competition from One Nation were some key factors behind this change.

LISTEN ABOVE

Prime Minister Anthony Albanese says Australian small businesses will will receive 'generous' exemptions from capital gains tax after changes were announced in the last budget.
The Prime Minister’s announcement on follows weeks of sustained criticism from industry groups, with some concerned about what it means for future growth.
Australian correspondent Murray Olds says economic uncertainty and competition from One Nation were some key factors behind this change.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Murray Olds: Australian correspondent on Prime Minister Anthony Albanese announcing exemptions for capital gains tax

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