Technology and innovation bodies call for changes to proposed CGT concession

13 July 2026

The Tech Council of Australia has joined 11 other technology and innovation industry bodies in writing to Treasurer Jim Chalmers about the proposed Innovative Business CGT Concession.

The signatories represent startups and scaleups across fintech, biotechnology, medical technology and digital health, space, robotics, agritech, climate, education and sports technology, as well as startup and investor organisations.

The letter welcomes the government’s recognition that early-stage innovation warrants distinct capital gains tax treatment. It also sets out the sector’s concerns about whether the concession, as proposed, will achieve its objective and support the founders, employees and investors who build high-growth companies in Australia.

The following statement can be attributed to Tech Council CEO Dr Kate Cornick:

“There is a shared acknowledgment between government and the sector that innovative businesses deserve special treatment.

The proposed IBCC falls significantly short and, if it is not designed correctly, will stifle Australia’s startup technology sector.

We are ready to work constructively with government to ensure the final concession supports founders, investors and employees, and rewards ambition in Australia.”

The Tech Council has also made a detailed submission to Treasury’s consultation and is publishing the executive summary alongside the joint letter.

Signatories