Updated June 23, 2026 — 11:18am,first published 10:52amLabor’s tax overhaul will pass through the parliament this week with the Greens’ support, after the crossbench party agreed to vote for the laws in exchange for a two-month delay and longer inquiry into the government’s NDIS changes.The Albanese government last month gambled its political capital with a federal budget tax package that includes a $250 income tax offset and $1000 instant deduction for workers, as well as curbs on negative gearing and a new method for calculating capital gains tax concessions.Prime Minister Anthony Albanese and the Labor government’s tax package will pass parliament by the end of next week.Alex EllinghausenIt has copped backlash from the Coalition and small businesses since making the surprise tax announcement in its May 12 budget, and voters have also marked the government down for broken promises in opinion polls.However, with the laws set to be voted on by this Thursday, Labor will achieve its aim of getting the tax changes through Parliament by June 30 and then seek to ride out the political storm.The Greens on Tuesday secured a last-minute amendment to the laws, which will tighten a loophole around how investment properties are purchased through self-managed super funds. They also persuaded Labor to remove from law broad ministerial powers for the treasurer of the day.Responding to widespread outcry, the government has also expanded exemptions for small businesses with a turnover of up to $10 million, and proposed an “innovative business tax concession” for start-ups.But the thrust of Treasurer Jim Chalmers’ tax package will otherwise become law by the end of next week. It seeks to tax income from asset sales more similarly to income earned through wages, by scrapping the 50 per cent CGT discount and taxing “real gains” made on investments at a minimum 30 per cent.The amendment the Greens secured, which will end the exemption that allows self-managed super funds to borrow to buy investments, is not a major concession from the government – it affects about 1 per cent of home loans.An interim report into the financial services sector in 2014, by former CBA boss David Murray, had recommended ending the loophole over concerns it could increase instability across the banking sector. It was never acted upon.Greens leader Larissa Waters said the crossbench party was still unhappy that the changes for property investors will be grandfathered.“We are glad that the government has listened to some of the concerns raised through the inquiry process by the Greens and experts, but Labor has again ignored young people and renters,” she said.“Ending rather than grandfathering these tax breaks today would have helped renters get into a home of their own.”In exchange for the Greens’ support on tax, the government has agreed to extend a parliamentary inquiry into its National Disability Insurance Scheme overhaul by eight weeks.Waters said the Greens had successfully pushed back the start date of NDIS changes and would next use the two-month delay to campaign for the NDIS overhaul to be scrapped.“The Greens will not support the NDIS bill. We will vote against it, and we will do everything we can to delay it and stop it entirely,” Waters said.The Senate inquiry was supposed to deliver its report into the NDIS changes last week after just three days of hearings.The new laws will enable the government to cut future NDIS spending by $38 billion in the next four years, and remove more than 240,000 people from the scheme.Instead, the inquiry will deliver a report on August 14, and the laws will not be debated again in Parliament until then.The Coalition has already said it plans to offer bipartisanship on the NDIS laws, meaning they are likely to pass. However, with the $56 billion scheme growing at 11 per cent a year, any delays will cost the budget’s bottom line.The federal government’s tax and NDIS changes – the centrepieces of last month’s federal budget – have been tied up in horse-trading for the last few weeks.The Greens, who hold the balance of power in the Senate, had been largely happy to help Labor pass the tax reforms but were scathing of the NDIS changes. The Coalition, meanwhile, had offered support on the NDIS overhaul but not the tax laws.While the Greens and Coalition could have teamed up to extend inquiries into both the tax changes and NDIS laws, the left-wing crossbench party chose to negotiate with the government.From our partners