Labor’s tax changes to face Senate inquiry
Labor’s tax changes to face Senate inquiry | Australian Greens Skip to main content Search Get Involved Join Donate Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Media releases Take action Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement About the Greens Become a member Jobs Green Magazine All news Get Involved Join Donate Search Our plan Toggle Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Toggle Federal MPs State/territory MPs Officeholders Media releases Take action Toggle Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement Toggle About the Greens Become a member Jobs Green Magazine All news Labor’s tax changes to face Senate inquiry 2026-05-28 Labor’s proposed changes to the capital gains tax and negative gearing will be examined at a Senate inquiry, giving the Bill the scrutiny it deserves.
Because the legislation has provisions that are due to commence July 1 this year, it has been automatically referred to the Senate Economics Legislation Committee, with a report due by June 22. This process may inform the shape of the bill to be considered by the Senate. Comments attributable to Greens Economic Justice Spokesperson Senator Nick McKim: “We will use this inquiry to examine how and why Labor decided to leave in place the vast majority of tax handouts for the ultra wealthy.” “As with so many parts of Labor’s budget, this bill is a missed opportunity to finally put people ahead of profits and make the ultra-wealthy pay their fair share.
“Labor’s extremely generous grandparenting provisions have left so much money on the table.” Comments attributable to Greens Leader Senator Larissa Waters: “These are very significant changes to our tax system, and will go through the inquiry process to ensure they get the scrutiny they need. “We are hearing countless young people and first homebuyers express their frustration that Labor is letting wealthy property investors keep billions in handouts - an inquiry will help examine the consequences of Labor’s decision on grandfathering." Facebook for the Australian Greens YouTube for the Australian Greens X for the Australian Greens Instagram for the Australian Greens Bluesky for the Australian Greens Privacy Members website Your safety Contact us Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action In your language 2025 policy platform Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Federal portfolios Federal media releases Take action Volunteer Donate Issues & campaigns Upcoming events Greens Shop Leave a bequest Green Magazine All news Our movement About the Greens Become a member Jobs Members website State/territory parties Contact us The Greens acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture.
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