Australia: Guardian Australia and Announcement

australia: In an interview with Guardian Australia, Bowen refused to say when he would specify the start date of the negative gearing changes, which abolish concessions for new investors buying existing properties, saying only the announcement would be made soon . Liberals will run a scare campaign, but their age of tax entitlement must end Read more But he was clear the changes would absolutely take effect in the first term of a Shorten government in the event Labor wins the contest expected in May, and not be deferred into a second term, according to The Guardian. First term, sure, absolutely. The shadow treasurer also insists the negative gearing changes Labor has proposed since 2016 will take effect in the first term of a Shorten government, and not be deferred despite the recent softening in the housing market a development that increases the political risks of the change. The only question is when in the first term. The main thing we think about with sequencing is when is the election, when would we bring down a budget, what is the legislative timetable. Bowen said there was a view in the property sector that rather than deferring the change because of the housing slowdown, the policy should be introduced sooner rather than later because certainty is king . He says he's listening to that feedback, but his principle consideration is optimising the legislative timing. (news.financializer.com). As reported in the news.