Multiple outlets report that Prime Minister Anthony Albanese met in private with senior Labor figures to plan a major change to federal tax policy involving assets and wealth. The accounts describe the discussion as a “secret” meeting between three Labor heavyweights, focused on designing a budget measure that reverses or significantly alters the government’s earlier approach to taxing wealth and certain asset holdings. The reports say the final policy decision was reached weeks before the public announcement, indicating that internal agreement was formed ahead of the budget process. While the outlets’ framing differs, they converge on the same core points: the meeting took place away from public view, it involved Albanese and two other senior Labor figures, and it centered on a government “U-turn” or reversal related to taxing assets and wealth. All three stories present the event as part of internal strategy-setting by senior members of the governing party rather than as a broader cross-party negotiation. No additional policy details are provided in the supplied summaries.