10,000 Sign Petition Against Labor’s Wealth Vehicle Overhaul

‘These changes will make it harder for younger Australians to build financial independence,’ said Wilson Asset Management.

Australian Treasurer Jim Chalmers takes questions from the media at Parliament House in Canberra, Australia on May 13, 2026. Hilary Wardhaugh/Getty Images

About 10,000 people have signed a new petition against Labor’s overhaul of Australian wealth generation vehicles.

Wilson Asset Management, founded by Geoff Wilson, launched the campaign, which argues the Labor government’s sweeping changes to capital gains tax (CGT), negative gearing, and trust taxes will inhibit long-term investment.