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Clare O’Neil says the Albanese government wants to work quickly to iron out the issues in its plan to reform taxes on capital gains.

The Labor frontbencher has just told Insiders:

We need to land this. We’ll do that in the appropriate time given the need … This is not a political timeline. It is a policy timeline. … It’s important this gets resolved speedily and that’s what the Government is working forwards.

I think there’s a range of things that are on the table in those conversations and I won’t speak to them about in detail. …

The Government wants to get the right outcome here and we are not going to be driven by the politics of the moment. It’s really important we reach the right landing point for this and I think I have spoken in previous interviews this week about some of the issues we see.

There’s a lot that goes into completion rates. What I can tell you is that government policy is going to lift those numbers by 420,000, based off what they would otherwise be. That’s what the Treasury modelling tells us.