Greens Back Labor Tax Reforms After Deal to Ban SMSF Borrowing

Labor has thanked the Greens for their support in helping pass the contentious tax reforms through the Senate.
Greens Back Labor Tax Reforms After Deal to Ban SMSF Borrowing
Australian Prime Minister Anthony Albanese and Treasurer Jim Chalmers arrive at Parliament House in Canberra, Australia on May 13, 2026. Hilary Wardhaugh/Getty Images
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Labor has secured Greens support for its contentious tax reforms after agreeing to tighten superannuation borrowing rules, paving the way for the package to pass the Senate this week.

In a joint statement with Treasurer Jim Chalmers and Finance Minister Katy Gallagher, Prime Minister Anthony Albanese announced he had gained the support of the left-wing party following a deal to ban Australians from using self-managed superannuation funds (SMSFs) to borrow money to invest in property.

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Crystal-Rose Jones
Crystal-Rose Jones
Author
Crystal-Rose Jones is a reporter based in Australia. She previously worked at News Corp for 16 years as a senior journalist and editor.