CANBERRA, ACT, Aug. 4 -- The Treasurer of Australia issued the following media release:
The Albanese Government is releasing exposure drafts of the Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 and related materials for consultation.
This is the next tranche of legislation implementing the reforms to negative gearing and capital gains tax (CGT) announced in the 2026‑27 Budget.
These reforms will help level the playing field for first home buyers, preserve the gains investors have made, and support investment in new housing supply.
The draft amendments build on the core legislation passed by the Parliament in June, addressing a number of more complex issues and ensuring the changes appropriately apply to a range of specific ...