CBA boss says reconsider applying CGT change to non passive assets
Commonwealth Bank CEO Matt Comyn has urged the government to reconsider applying capital gains tax (CGT) to non-passive assets. He believes that CGT should be limited to passive investments like housing to avoid discouraging risk-taking and innovation. Comyn plans to discuss these concerns with Treasurer Jim Chalmers in light of rising economic pressures.
- ▪Matt Comyn, the CEO of Commonwealth Bank, suggests CGT changes should apply only to passive assets.
- ▪He expressed concerns that broader CGT application could stifle risk-taking and innovation.
- ▪Comyn plans to speak with Treasurer Jim Chalmers about the implications of the proposed tax changes.
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Commonwealth Bank boss Matt Comyn says government should 'reconsider' CGT on non-passive assetsTopic:TaxTue 26 May 2026 at 8:54pmTue 26 May 2026 at 8:54pmTue 26 May 2026 at 8:54pmCommonwealth Bank chief executive Matt Comyn. (ABC News: Daniel Irvine)abc.net.au/news/matt-comyn-cgt-passive-assets/106724328Link copiedShareShare articleCommonwealth Bank CEO Matt Comyn says the government's capital gains tax changes should only apply to passive assets, such as housing."We should reconsider applying CGT to those other areas beyond passive investment," Mr Comyn told 7.30."I think that's the area you have to look at.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).