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

We're dealing with the amendments on sheet 3834. The question is the amendments be agreed to. Australian Greens's circulated amendments to the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026— (1) Schedule 2, item 1, page 49 (line 13), after "12 May 2026", insert "and in respect of which you have made an election under subsection (3A)".

(2) Schedule 2, item 1, page 49 (after line 27), after subsection 26-155(3), insert: (3A) You may make an election for the purposes of paragraph (2)(a) in respect of one, and only one, *residential dwelling. (3B) The election must be: (a) in the *approved form; and (b) given to the Commissioner. (3C) The election can only be made once and cannot be varied or revoked.