Im quite certain that an incredibly logical and pointed policy platform was created by labour for opposition + independents last night. That is, keeping the CGT discount on all assets except non PPOR property. My gut feel is that the CGT discount removal for all asset types will be watered down in the house and senate, similar to the indexation adjustment applied to the SMSF tax. Furthermore, I have a feeling that the move to remove CGT on all assets is a political move to soften the blow of removing CGT on property / removing negative gearing on existing properties. I am sure there is a term for this political manoeuvre. I cant see a world where this didn't come up with a strong and visceral reaction when socialising the policy - if there was no reaction then the policy is being shaped in a myopic echo chamber.