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The Tax Reform No. 2 Act passed both Houses on 19 August 2026. Schedule 4 inserts four new sections into the Income Tax Assessment Act 1997.

The carve-outs are not yet law. But they signal where the government wants investment dollars to keep flowing, and they could shape which projects stack up financially over the next few years.

The short version: Treasury expects modest effects on prices and rents, and a meaningful but gradual lift in home ownership. Critics argue the supply side of the story is less rosy.

For owners of growing family businesses, the change could be worth a great deal when they sell. But it is narrower than some coverage suggests.

The draft is not final. But it is proposed to apply both before and after it is issued, which means it could affect airdrops received in past years as well as future ones.

The change is simple in concept but has important limits. Here is what can be claimed, and what cannot.

In May 2025, the ATO said a growing number of SMSFs were investing in crypto assets. It also warned it had seen trustees lose crypto investments through theft, lost passwords and impersonation schemes.