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Pete's latest Code & Capital landed in inboxes the week after the federal budget — and his frustration was raw. In this episode, he and Danni unpack what the proposed capital gains changes mean for Australian software founders, and why the advice tech sector is uniquely exposed.
CGT effectively doubling to 33–47% (versus 20% in the US, 14% in the UK, zero in New Zealand). A $5M exit going from a $1.18M tax bill to $2.35M. 27% of our labour force in the public sector — the highest in the G7. Pete declares his self-interest upfront: he's one of the founders this is aimed at.
But the conversation is bigger than any one company — it's about who'll bother to build for Australia's 15,000 advisers when Silicon Valley won't, and when Singapore and the UAE are rolling out the red carpet. Plus: why the practice owners listening should think twice before haggling their software vendors on price, what offshore PE ownership of super admin tells us about the future, and Pete's wife Catherine's surprise cameo. A productive rant — with a constructive ending.#wealthtech #technology #federalbudget2026
