Jun 15, 2026 – 5.00amOne of the biggest industry superannuation funds, Hostplus, has warned that the Albanese government’s capital gains tax overhaul could hurt investment and innovation, ahead of a lightning Senate inquiry this week into the contentious tax changes.Superannuation funds will be exempted from the tax changes and be allowed to retain their existing one-third discount on capital gains on assets such as shares and property, subjecting them to a low CGT rate of 10 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Big super joins CGT critics, as compromise is floated
The warning about the potential impact on business comes as the Senate begins a two-day inquiry into the tax changes announced in the May budget.
TL;DRAI
Hostplus opposes Australia's CGT overhaul, citing investment and innovation risks; superannuation funds win exemption with 10% capital gains rate. The carve-out for institutional investors may reshape venture capital allocation and institutional portfolio strategies in Australian growth-stage tech.
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