The decision to change capital gains tax rules for all investments, rather than just property, has sparked backlash from young investors, entrepreneurs and small business owners.
In her first media interview since becoming the Tech Council's CEO, Kate Cornick tells David Speers the government must reward risk to avoid disincentivising startups.
00:00 Introduction
00:58 Kate Cornick, Tech Council CEO
1:20 Tech Council's position on capital gains tax changes
2:41 What would regime change mean for the sector?
4:47 How tax base could double for successful founders
5:37 Why tech start ups won't fall into existing concessions and exemptions for small businesses
6:50 Impact on successful exits
7:31 Risks of a non-competitive tax regime in Australia
9:42 Consultation with government and members
11:42 Does government understand concerns?
12:22 Huge number of failures in the tech startup system
14:15 Solutions
16:08 Learning from overseas schemes
17:28 Would a lifetime cap work?
17:45 Summary of what the tech sector is calling for
19:25 AI meme campaign response
20:16 Kate Cornick says risk must be rewarded
20:36 Goodbye
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