Portfolio — 12 May 2026

Budget day dominated Assistant Treasurer Daniel Mulino's 12 May activity: he presented the 2026–27 Budget papers to the House and moved second readings on four appropriation bills totalling over $37 billion in new and supplementary funding. The centrepiece policy signals — negative-gearing grandfathering for existing property owners, a $250 Working Australian Tax Offset reaching more than 13 million workers, and over $40 billion in housing measures targeting 65,000 new homes — were previewed in PM media releases earlier the same day and then operationalised through the Appropriation Bill (No. 2) second reading in the chamber.

Across both streams, the portfolio consistently framed the budget around intergenerational fairness, tax system equity and housing supply as mutually reinforcing objectives.