Australian Prime Minister Anthony Albanese has unveiled a package of capital gains tax (CGT) concessions for small businesses, expanding eligibility for existing CGT exemptions to businesses with annual turnover of up to $10 million, up from the current $2 million threshold. The changes also carve out founders and early investors of innovative startups, as well as testamentary trusts used to manage deceased estates, from the government's broader proposed reforms, which shift from a flat 50% CGT discount to an inflation-linked model. Treasurer Jim Chalmers estimated the concessions would cost approximately $475 million over the forward estimates, against projected revenues of $8.1 billion from the wider package. The announcements have failed to satisfy key stakeholders: business groups called the move a "rushed patch-up job," the opposition demanded the bill be scrapped entirely, and the Greens said negotiations were ongoing, leaving the legislation's fate uncertain ahead of a parliamentary deadline of 2 July.