{"id":444043,"date":"2026-06-02T15:38:02","date_gmt":"2026-06-02T05:38:02","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=444043"},"modified":"2026-06-02T15:38:11","modified_gmt":"2026-06-02T05:38:11","slug":"treasurer-chalmers-faces-backlash-over-tax-bill-discretionary-powers","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=444043","title":{"rendered":"Treasurer Chalmers Faces Backlash Over Tax Bill Discretionary Powers"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 limits negative gearing to new-build homes from July 2027 and swaps the 50 percent CGT discount for inflation indexation with a 30 percent minimum tax on real gains, aiming to raise $80 billion for worker tax cuts like $1,000 deductions. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Outrage centers on Chalmers&#8217; nine post-passage ministerial determinations covering key definitions and exemptions, which tax experts like Jenny Wong of CPA Australia call unprecedented and rushed, eroding investor certainty without full scrutiny. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chalmers calls it standard and technical, projecting shifts to new housing and 75,000 more first-home owners, while opposition labels it a power grab amid debates on housing shortages fuelled by RBA notes criticising demand-focused policies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Outrage centers on Chalmers&#8217; nine post-passage ministerial determinations covering key definitions and exemptions.<\/p>\n","protected":false},"author":22,"featured_media":161045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[273,35],"tags":[13199],"class_list":["post-444043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","category-breaking-news","tag-jim-chalmers"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/444043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=444043"}],"version-history":[{"count":2,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/444043\/revisions"}],"predecessor-version":[{"id":444046,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/444043\/revisions\/444046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/media\/161045"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=444043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=444043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=444043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}