Changes to tax reform legislation
2026-06-19
greens.org.au
The Greens are continuing discussions with the government on its tax package. 

“We are pleased that Labor will amend the sweeping ministerial powers after we raised them in discussions,” Greens Economic Justice spokesperson Senator Nick McKim said.

“But the absurdly generous grandfathering provisions make this legislation a major missed opportunity.”

“There is $33 billion a year just in negative gearing handouts for people with two or more properties - this is money that could directly fund cost of living relief for renters and mortgage holders.”

“We are yet to see Labor’s amendments, but we are continuing discussions and look forward to seeing them soon.”

“Despite the changes, Labor’s lack of ambition means the housing crisis will remain more harmful and long lasting than it needs to be.”

Albo's death taxes:

Ai_Took_Our_Jobs wrote on Jun 20^th, 2026 at 8:08am:



Who is locking out anyone? If a property is undervalued it will be sold. If it is overvalued it may be sold. Nothing to do with "rich investors", "rich investors" want their money to grow, not diminish. Housing property has two issues. One is the scarcity of land, they don't make any more of it, that means old either has to be renovated or bulldozed. The other is new build which has a plethora of hardships. The most obvious one being tradies, being paid what they deserve, which with inflation, always puts not only their services but product prices up. You can't unbreak an egg. Another is, of course the old 3x1, which is not sold anymore as starters want at least 4*2, two-car garage. Those things show why it was cheaper to build back then.

Those who compare prices don't generally compare like to like.