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Unlocking Supply of Family Homes Bill 2025
Currently before the Senate. Last action: second reading moved on 26 Nov 2025.
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STAGE 2 OF 13 — SECOND READING MOVED (SENATE)
Summary
Amends the Income Tax Assessment Act 1997 to: lower the minimum age of eligibility for a downsizer contribution from 55 years to 50 years; extend the period of time in which a contribution can be made from 90 days to 1 year after the change of ownership occurs; and increase the maximum amount of contribution from $300,000 to $500,000.
Text of Bill
First reading
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