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Turnbull: ‘negative gearing is examined by every government’

The former PM (and well-known lover of weighing in on political issues) Malcolm Turnbull has weighed into the issue of how the government received advice on negative gearing and capital gains tax.

The opposition has accused the prime minister of lying over advice that the Treasury department provided to the government on negative gearing. The PM last night denied the government had done modelling, and Chalmers said today he “sought a view” from his department on issues that were in “the public domain” around September last year.

Turnbull has gone to X (formerly Twitter) to say that “negative gearing is examined by every government”:

OK, to save time – negative gearing is examined by every government. It is a major tax concession and always contentious and so it is always looked at – what does it cost? What would particular changes mean in terms of revenue and housing affordability[?]

There are many pages in my memoir describing the detailed consideration of negative gearing that went on in my government in which Peter Dutton was a cabinet minister.

Okay to save time – negative gearing is examined by every government. It is a major tax concession and always contentious and so it is always looked at – what does it cost? What would particular changes mean in terms of revenue and housing affordability. There are many pages in…

— Malcolm Turnbull (@TurnbullMalcolm) April 17, 2025

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Amanda Meade

1.7 million people watched last night’s leaders’ debate

The second leaders’ debate held on the ABC last night was watched by 1.7 million people across live TV and streaming on iview, according to ABC figures.

The Insiders: Debate Analysis Special which followed last night’s event had a national TV audience of 748,000.

The debate, which was also available live in Auslan on ABC iview, was also listened to on ABC Local Radio and ABC News Radio, and across the day the ABC News website and app had 2.2 million users.

There were 167,000 live streams on the ABC News YouTube, Facebook, Instagram and TikTok accounts. ABC managing director Hugh Marks said:

The ABC was honoured to host such a significant national conversation and to be able to put the questions and concerns of Australians directly to our leaders. We can see that people tuned in to the debate on TV, radio or online wherever they were in the country.

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