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

Slade Brockman

I will now deal with the remaining Australian Greens amendments. The question is that the amendments on sheet 3886 be agreed to.

Australian Greens' circulated amendments to the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026

(1) Title, page 1 (line 2), after "taxation", insert "and superannuation".

(2) Clause 2, page 2 (after table item 6), insert:

(3) Page 65 (after line 25), at the end of the Bill, add:

Schedule 5 — Limited recourse borrowing arrangements

Superannuation Industry (Supervision) Act 1993

1 At the end of subsection 67 A( 2)

Add:

; and (c) for an asset that is real property—the asset is business real property (within the meaning of section 66 of this Act).

2 Application of amendment

(1) The amendment made by this Schedule applies in relation to arrangements entered into on or after the commencement of this Schedule under which money is borrowed, or borrowings of money are maintained, for the acquisition of assets.

(2) However, the amendment does not apply in relation to such an arrangement to the extent that:

(a) the arrangement is for maintaining (or refinancing) a borrowing of money under another arrangement entered into before that commencement; or

(b) the acquisition of the asset (to which the borrowing under the arrangement relates) happens under an arrangement entered into before that commencement.

Note: This item means each of the following continues to be covered by the exception in subsection 67A(1) of the Superannuation Industry (Supervision) Act 1993:

(a) a borrowing arrangement entered into before commencement;

(b) a refinancing arrangement covered by paragraph (2)(a);

(c) a borrowing arrangement for which the related asset is acquired under an arrangement entered into before that commencement (even if the settlement for the acquisition of the asset happens after that commencement).