Labor, Greens cut deal on CGT and negative gearing
In a significant political maneuver, the Greens have agreed to back the Labor government in exchange for ending an exemption that lets self-managed super funds borrow to invest in residential properties. Additionally, the deal includes a delay in the major overhaul of the National Disability Insurance Scheme (NDIS). This move is crucial as it highlights the Greens' growing influence in policy-making, and it could lead to stricter regulations on property investment, potentially impacting real estate markets and superannuation strategies.
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