Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026
Introduced with the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, the bill imposes a minimum 30 per cent tax on capital gains that are realised on or after 1 July 2027.
Summary from the official bill homepage.
Became law
| Act | Income Tax Rates Amendment (Tax Reform No. 1) Act 2026 |
|---|---|
| Number | No. 50, 2026 |
| Assent | 26 Jun 2026 |
| Status | In force |
Sourced from the Federal Register of Legislation at 21 Oct 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.
Progress
| Date | Step |
|---|---|
| House | |
| 28 May 2026 | Introduced and read a first time |
| 28 May 2026 | Second reading moved |
| 2 Jun 2026 | Second reading debate |
| 3 Jun 2026 | Second reading debate |
| 4 Jun 2026 | Second reading debate |
| 4 Jun 2026 | Second reading agreed to |
| 4 Jun 2026 | Consideration in detail debate |
| 4 Jun 2026 | Third reading agreed to |
| Senate | |
| 22 Jun 2026 | Introduced and read a first time |
| 22 Jun 2026 | Second reading moved |
| 22 Jun 2026 | Second reading debate |
| 23 Jun 2026 | Second reading debate |
| 24 Jun 2026 | Second reading debate |
| 25 Jun 2026 | Second reading agreed to |
| 25 Jun 2026 | Committee of the Whole debate |
| 25 Jun 2026 | Third reading agreed to |
| 25 Jun 2026 | Finally passed both Houses |
| 26 Jun 2026 | Assent |
Divisions on this bill
- 28 May 2026 Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 and another - Reference to Committee - Adjourn debate Carried House 91–48
- 2 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Reference to Committee Carried House 90–48
- 3 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Reference to Committee Negatived House 46–90
- 4 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading Carried House 89–49
- 4 Jun 2026 Second Reading Negatived House 41–94
- 4 Jun 2026 Second Reading Carried House 94–48
- 4 Jun 2026 Consideration in Detail Negatived House 9–73
- 4 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading Negatived House 8–92
- 4 Jun 2026 Consideration in Detail Carried House 94–48
- 4 Jun 2026 Third Reading Carried House 94–48
- 4 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading Negatived House 10–89
- 4 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading Negatived House 8–127
- 4 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading Negatived House 9–126
- 4 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading Negatived House 43–92
- 4 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading Carried House 96–46
- 4 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading Carried House 92–48
- 22 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; First Reading Carried Senate 32–23
- 22 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; First Reading Carried Senate 32–23
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 24–30
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Carried Senate 34–25
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 11–40
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Carried Senate 33–26
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 26–33
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 24–35
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 26–33
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 24–32
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 26–34
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 26–34
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Carried Senate 35–25
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 11–33
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Carried Senate 33–23
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 23–32
- 25 Jun 2026 Bills — Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Limitation of Debate Negatived Senate 24–31
Official record: bill homepage at aph.gov.au, full text and documents on ParlInfo.