Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026

Senator DAVID POCOCK (Australian Capital Territory—Independent ACT Whip) (10:21): by leave—Please can I record my support for 3887 in that group of amendments. The PRESIDENT: I will now deal with the second reading amendment circulated by Senator David Pocock. The question is that the amendment on sheet 3870 be agreed to.

Senator David Pocock's circulated amendment— At the end of the motion, add ", but the Senate: (a) notes that: (i) despite substantial investments from the Albanese Labor Government in new social and affordable housing through the Housing Australia Future Fund, there remains a shortfall of around 640,000 affordable homes in Australia, and (ii) the reforms to CGT and negative gearing will deliver significant ongoing benefit to the budget, with at least $6 billion in revenue not foregone over the forward estimates; and (b) calls on the Albanese Government to reinvest a majority portion of these savings in new public, social and affordable housing".