Independent MP Allegra Spender says the government’s CGT carve-out plan could discourage successful founders and investors from reinvesting windfall profits in the local sector. Independent MP Allegra Spender says the government’s capital gains tax (CGT) carve-out proposal could discourage successful founders and investors from reinvesting their windfall profits in the local sector. The Treasury is consulting on a plan to exempt ‘innovative’ startups from federal Labor’s CGT reforms, helping startup founders, employees who receive share options, and investors avoid the new, indexation-based CGT model announced in the 2026-27 budget. For startup founders, small businesses and leaders. But so too is encouraging Australia’s most well-heeled investors to back innovative startups instead of sending their money overseas.