Remove item 3 so that resolution reads:
"Noting that the "Capital Gains Tax discount" will cost the Australian Government 19.05 billion dollars in 2024/2025, ACT Labor supports restoring fairness to the Australian taxation system as follows:
1) Restore fairness between income earned from work and income earned from capital appreciation ("capital gains" realised at sale) so they are taxed on the same basis. This would involve:
a) treating such income equally, with income earned from either source during a financial year taxed as income in that year (as is currently the case); and
b) taxing capital gains realised at the end of a period of more than 1 year on a real value basis (i.e. assessed by reducing the gain by the applicable indexation over the relevant period).
2) To enable individuals to make appropriate arrangements, this change should apply from 1 July 2025 and not be retrospective."