Skip to content

Australia PM says One Nation surge shaped budget tax changes

politicsJun 5, 202621295

Prime Minister Anthony Albanese said One Nation's rise partly prompted his government to overhaul negative gearing and capital gains tax measures in this year's budget. He framed the reforms as changes to investor tax settings aimed at easing housing affordability pressures and adjusting the timing and scope of policy in response to shifting politics. The admission came as One Nation leader Pauline Hanson revealed she had closed four party branches over fears of far-right infiltration, exposing internal tensions. The development matters because it shows a major party changing tax policy under pressure from a surging minor party and could reshape incentives for property investors and the wider housing market.

2 sources