Federal politics live: Paul Keating backs CGT changes as 'structurally sound'

Former prime minister Paul Keating says the government's changes to capital gains tax are "structurally sound" and seek to "arrest" the growth in house prices.Follow all the updates in our live blog.Collapse...

Federal politics live: Paul Keating backs CGT changes as 'structurally sound'. Former prime minister Paul Keating says the government's changes to capital gains tax are "structurally sound" and seek to "arrest" the growth in house prices. Follow all the updates in our live blog. Collapse all posts Thu 21 May 2026 at 7:12am Thu 21 May 2026 at 7:12am 'Structurally sound': Paul Keating backs Labor's CGT overhaul By Lexie Jeuniewic Former prime minister and treasurer Paul Keating has thrown his support behind the federal government's proposed changes to the capital gains tax (CGT) discount. In last week's budget, Treasurer Jim Chalmers announced major tax reforms, including replacing the current 50 per cent CGT discount with a new discount based on inflation, with real gains taxed at a minimum of 30 per cent. The proposed arrangement for CGT...