If new PM Scott Morrison can smoke the peace pipe with the conservative right, the Liberal Government might survive to fight an election on Saturday 18 May 2019, the last possible day that a half Senate election can be held in conjunction with the House of Representatives. And if he can re-invigorate the Government, he might even beat Bill Shorten at the election.
However, after last week’s bloodletting, the probability that Bill Shorten will be Australia’s 31st Prime Minister has increased materially. On paper at least, some of the policies he has announced are hostile to both business and investors. What actions can you take now to prepare for this possibility of an ALP Government? Here is my assessment.
1. Capital gains tax discount