Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 Senate Inquiry 

The NFF calls on the Australian Government to ensure that the proposed capital gains tax (CGT) changes in the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 do not undermine the ongoing viability, productivity and investment capacity of Australian farm businesses, including at key transition points such as intergenerational succession.

This can be achieved through a commitment, either within the current Bill or through future legislative reform, to extend eligibility for small business CGT concessions to a broader cohort of farm businesses, while ensuring the existing framework operates
effectively in the real-world conditions under which family farms operate, invest and transition ownership.

CGT settings must support confident long-term decision-making across the farm sector and safeguard the continuity of family

The NFF’s full submission can be found here.