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Federal Budget tax changes progressing through Parliament
Article published on: 04-06-2026
The Bill to legislate several Federal Budget tax changes has passed the House of Representatives unamended. It needs to pass the Senate before becoming law.
This Bill makes changes to capital gains tax (CGT) and negative gearing. It also introduces the working Australians tax offset (WATO) and $1,000 instant tax deduction for workers.
For additional information, refer to our MLC Tech Alert when the legislation was introduced, which includes client flowcharts. | |
