Commonwealth · Taxation
Income Tax Rates Amendment (Tax Reform No. 1) Act 2026
Assented: Signed into law, so it is now an Act. Federally the Governor-General gives assent; in the states, the Governor; in the Northern Territory, the Administrator. The ACT has no assent step: a passed bill becomes law when it is notified (published) on the ACT Legislation Register, which FOCUp also shows as Assented. What the other terms mean
- Parliament
- Parliament of Australia
- Bill number
- Act No. 50 of 2026
- Latest stage
- 26 June 2026
What the bill says it does
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Official sources
Timeline
Assented to as Act No. 50 of 2026
26 June 2026 · Source
Where it sits in the budget
Government function: Tax revenue
- Income Tax$396.7B revenue, 2026-27
- Company Tax$188.6B revenue, 2026-27
- GST$109.2B revenue, 2026-27
- Excise$36B revenue, 2026-27
- Customs$7.3B revenue, 2026-27
- Resource Taxes$2B revenue, 2026-27
- Other$75B revenue, 2026-27
A tax bill changes what the government collects, so it relates to revenue lines rather than spending.
This links the bill's subject to a budget area using published rules. It is not a costing: parliaments do not publish what a bill will cost as data, and FOCUp does not estimate it.
Try the Commonwealth budget yourself →Election commitments on the same subject
Matched by shared budget line and wording. A match does not mean this bill delivers the commitment.
- A fair and progressive income tax system · Australian Greens
- Women policy portfolio - women's economic security - double the low income super tax offset · Australian Greens
- Personal Income Tax – amendments · The Coalition
- $1,000 instant tax deduction for work-related expenses · Australian Labor Party
- Digital services tax · Australian Greens
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