Senate Standing Committee on Economics

Australian Industry Group welcomed the opportunity to provide a submission on the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026.

This submission addresses changes to the taxation  of capital gains proposed in the Bill, specifically its provisions to:

1. Replace the 50% Capital Gains Tax discount with cost base indexation
2. Introduce a 30% minimum tax on capital gains (with exemptions for certain income support recipients)
3. Apply these arrangements to all existing assets from 1 July 2027