PM says opposition ‘reduced to a farce’ as government targeted over CGT – as it happened

See all our Australia budget 2026 coverage Get our breaking news email, free app or daily news podcast Why is the prime minister stopping the next generation from using the opportunities he’s benefited from, asks Liberal MP Simon Kennedy. Anthony Albanese has said that he has used negative gearing and capital gains tax incentives, and has a $4.3m property in the central coast that he bought while occupying the Lodge. The PM says he had access to home ownership in his 20s, despite him and his mum having lived in social housing. He gets pretty animated as he says: double quotation markIt’s the aspiration that’s drilled into working class people, working class people who want the next generation to be better off than they are. And that is precisely what we are doing here. It quickly erupts into something of a screaming match between Albanese, Angus Taylor and Tim Wilson, which the speaker interrupts and calls “completely unacceptable”. Albanese then sticks the knife into the opposition. double quotation markTheir idea of the future in young people is having a ballot between Tony Abbott and Alexander Downer over who will be the next leader of the Liberal Party. They are reduc