Prime Minister Anthony Albanese announces changes that roll back parts of proposed tax increases affecting small businesses, start-ups and certain trusts. According to reports from multiple outlets, businesses with annual turnover up to $10 million will be eligible for a reduction of 50% on capital gains tax (CGT). The policy is also described as applying to start-ups within that turnover threshold and extending benefit to testamentary trusts. The coverage is consistent in outlining the key parameters: the $10 million turnover cap and the CGT discount of 50%. The reports do not provide additional differing details on implementation, eligibility beyond these categories, or the broader scope of the original tax changes being revised. Overall, the articles indicate the government is adjusting planned measures by offering a CGT concession aimed at supporting smaller companies and family-related trust structures that fall within the specified turnover range. The announcements are reported as a reversal (“winds back”) of earlier tax hike proposals.