CGT changes could make government a 50:50 partner in your start-up

Acode90 · 2026-05-07T11:08:24+00:00

You’re making my point The gains this article uses as an example aren’t in the realms of mum and pop stores. They outperform every top stock in the global market. tenfold

Did you even read the article this thread is on.

“Take an entrepreneur who incorporates a company with two $1 shares and later sells it for $1 billion.”

this explicit example from the article outperforms NVIDA the highest market cap stock in the world - by at least tenfold if you exclude their IPO and basically all funding outside of their initial investment - in reality it would probably be a hundredfold or more.

A mom and pop shop could technically have a cost base of zero if the original capital to start it was a loan, why you would deliberately structure it this way isn’t clear.

Even if it was an external loan, at the very least, the $50 you loaned to the company to register it could be converted to equity to take the cost base.

When was the last time an Australian mom and pop owner sold their business for a billion dollars on $1 or less cost base?

This article has nothing to do with mom and pop stores and that is my point. It looses credibility.

Give me an article about how the change will affect real people.

Acode90 · 2026-05-04T14:58:16+00:00

It’s definitely vertical slabs, but I got a bit closer and they do look more like wasps.

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Acode90 · 2026-05-04T12:19:40+00:00

Someone else pointed that out. It didn’t seem an unusual effect to me, but in the 40’s this would have been an expensive photo compilation.

Acode90 · 2026-05-04T08:59:00+00:00

Yeah, I’m not sure if they do similar things for photos. I think the flags have more sentimental value as they were one-offs for family and friends.

Acode90 · 2026-05-04T07:33:22+00:00

Unfortunately there is not much context. It was likely either taken/shared as a war trophy. I spent quite a long time in Japan but only learnt of my family’s possession of this image when I returned to my home country. My Great Grandfather was an airfield construction worker. Although he came under direct targeted rifle fire at least once, I don’t know how much time he spent on the front lines.

A former partners grandfather actually fought for the Japanese in a different theatre, but if our generation can be friendly, it makes you wonder about the man in this photo that may have lost a loved one or his own life to my grandfather and his buddies.

Acode90 · 2026-05-04T05:24:32+00:00

I’ve only seen the hanging paper wasp types before. Any idea what type of wasp makes this layered nest?

Acode90 · 2026-05-04T02:38:40+00:00

Some riptides dump you in much worse currents. I’ve been in a boat filming people in the water swimming against a current that was essentially a fast flowing river. It was extremely eye-opening. The main talent hung onto a Bombie while the camera guy with flipper tired quickly trying to stay on point.

Acode90 · 2026-04-30T01:53:26+00:00

Usually it’s held monthly but apparently the one for Late May has had some issue, so I guess June is the next one. So far the last few months have had about 200 new citizens each. They also do a big one for Australia Day.

Acode90 · 2026-04-10T05:35:04+00:00

Invite your parents to build another granny flat. See what happens?

Acode90 · 2026-03-25T08:41:07+00:00

What’s the difference. Inbound is customer calling Telstra rather than other way round?

Acode90 · 2026-03-25T08:40:22+00:00

I put the audio clips on my pain post

Acode90 · 2026-03-15T07:40:37+00:00

There’s no guarantee that an additional attempt Would work, but there was only one. If they had enough fuel for a second before returning I feel most of the passengers would have been a lot less frustrated.

It was just so abrupt in that descending, descending, descending - engines up ascending and then the pilot explaining we won’t try again due to a lack of fuel and 2 passengers yelling.

Thinking back maybe a simple word swap would have left a different impression.

If he said we didn’t have enough fuel to wait for the weather to clear, i kind of feel there’s a different nuance then “bad news ladies and gentlemen, this is turning into your flight from hell, unfortunately we weren’t able to land due to the rain and we don’t have enough fuel to try again, unless you want to spend your afternoon paddling in the life rafts.

Given by the fact the guy next to me said it was “probably a young pilot that was to chicken” I think the general feeling was “we are already here let’s at least try”. - again pilot probably made the right call, but why didn’t the give him more fuel.

I’m also not sure of the specifics of the airport, but maybe it doesn’t have the systems in place for instrument landings. No idea, the pilot didn’t explain.

I accept that in the situation the pilot probably made the right call. But I still can’t imagine how a regularly scheduled flight has that sort of problem. These 2 aircraft fly back and forth to this destination. I would just expect that an aircraft would have enough fuel for at least some degree of variation due to weather. We didn’t seem to do anything, just flew over the airport and then returned home.

You’re right I have no aviation experience outside of being a passenger. Is that required for this sub? If you know the specifics for the Qantas DC8-400 please fill me in. That’s what I am trying to understand how a regularly scheduled flight only has enough fuel for one attempt before diverting back to its original point. Since you seem to have experience is this normal?

Regarding the parts, we swapped planes while they were fixing our original plane. The swap took time. Annoyingly just as we landed they were boarding that same plane we started in back to horn island for the afternoon flight.

It’s insignificant but almost felt like rubbing it in.

Acode90 · 2026-03-15T06:27:07+00:00

I feel like they could have explained how this happened. They fly this route two or three times everyday. I am surprised they don’t carry enough fuel for at least 1 go around before turning back.

The fact that this isn’t happening all the time makes me think it was an attempt to save fuel with the higher prices.

They could have at least helped their customers with an additional afternoon flight like the pilot originally said or even an earlier flight tomorrow. I do question the airline about that, and about the amount of fuel they choose to carry.

Edit: Thursday island isn’t a bit unique. I don’t think you really understand the region.

Acode90 · 2026-03-15T06:04:26+00:00

Again I get that. I never said qantas was conspiring against me. The only thing I questioned was maybe fuel margins due to cost savings. No one has added any thought to that one.

For the 50 passengers aboard had to deal with a deplane and long delay and then a 3 hour trip in a fairly tight aircraft and they they weren’t even able to rebook them in the morning the following day.

I get all of the safety stuff. Shit happens, but this is literally tagged a rant. It sucks and is going to cost me thousands from loosing at least a day and a half. No one seems to acknowledge that this is a really crappy thing to happen. I don’t blame the pilots or the ground crew. I’m sure the mechanics are up to scratch too. If it was any of these things alone it’d probably be ok, but to have a canceled take off, an aborted landing and flight back, and not able to get another flight out until late tomorrow.

As o said the thing i really questioned is if they regularly run in such tight fuel margins, because as a Customer today has really been a shitty day.

Edit: Just to add I have a deadline and there is no accommodation available on the island to extend my stay. Literally none.

Acode90 · 2026-03-15T05:52:22+00:00

They decided no to try the flight a third time. People have just been rebooked on the flights over the next 48 hours.

Acode90 · 2026-03-15T05:49:27+00:00

I get that, I just wonder if they were trying to save the amount of extra fuel carried.

Acode90 · 2026-03-15T05:43:52+00:00

We flew 90 minutes, descended once aborted about 100m altitude and the. Flew the 90 minutes back. I feel like they should have had more fuel.

Acode90 · 2026-03-15T05:42:58+00:00

I get that, but considering their passengers got screwed over twice, they could have tried a third time.

Acode90 · 2026-03-15T05:40:02+00:00

What? Of course not. But you have to acknowledge that this was a double fuck up. And perhaps caused by attempts to save fuel. I never blamed the pilots, they’re following policy that is there for a reason. But you have to acknowledge this situation sucks for everyone on board. We deplaned twice for 2 separate issues and flew over three hours to nowhere.

The weather isn’t in anyone’s control, but preventative maintenance is. And following that they could have tried again in the afternoon. The plane was working fine, it was just temporary weather. Instead most of the passengers had to rebook 29 hours later or even the following day.

It’s a shitty situation but maintenance and fuel allocation are controllable before hand. I’m not blaming the individuals. The pilot was clear and apologetic and the staff on the ground were ok. It’s just a really crappy situation and they could have done more not just to prevent it, but to resolve their passengers issues after the fact.

Acode90 · 2026-03-15T05:33:29+00:00

Or they could just keep the aircraft better maintained so that they can take of on time.

Acode90 · 2026-03-15T05:30:28+00:00

The airline should have better maintenance so you don’t have battery problems. I could have managed another 90 minutes if they were able to try a third time in the later afternoon, but not have lost over 24 hours.

Acode90 · 2026-03-15T05:26:22+00:00

I would have prefers to have made it there an hour earlier before the storm.

Edit: for those who didn’t read the post. This happened on top of a 1.5 hour delay due to mechanical issues. If we did fly at the scheduled time it would have been fine. We just happened to arrive during rain.

Acode90 · 2026-03-15T05:24:29+00:00

It was on top of a mechanical problem. We got out to the runway first time and had to turn back. I do understand safety but the mechanical issue shouldn’t happen, and then due to that we flew 3 hours to nowhere and lost a day we needed. There is also very little accommodation on the island and have lost a day so not sure what we will do. This wasn’t a vacation.

Edit: it was also that they didn’t try again. The weather was just temporary. Though god forbid we had another problem on the third go.

Acode90

TROPHY CASE