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Labor Wins Greens Support, Bans SMSF Home-Loan Borrowing

6/26/2026

29 3 Full Breakdown

Summary

Story summary

Labor secured Greens backing for its tax reform bill by agreeing to bar SMSFs from borrowing to buy homes.
The ban, effective 45 days after royal assent, will apply only to future SMSF investments and raise $50 million over four financial years.
SMSFs hold $63 billion in housing (6 % of assets, <1 % of borrowing), a change that follows a 2014 Murray report and is criticised by the SMSF sector.

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Story summary

Labor secured Greens backing for its tax reform bill by agreeing to bar SMSFs from borrowing to buy homes.
The ban, effective 45 days after royal assent, will apply only to future SMSF investments and raise $50 million over four financial years.
SMSFs hold $63 billion in housing (6 % of assets, <1 % of borrowing), a change that follows a 2014 Murray report and is criticised by the SMSF sector.