Australia politics live: NDIS reforms to pass parliament today after 63 amendments get Coalition on side

Australia's controversial National Disability Insurance Scheme (NDIS) reform bill is poised to pass the lower house today after a deal was struck between the Labor government and the Coalition in the Senate. The government introduced 63 amendments to the bill to secure the Coalition's support, aiming to curb spending within the NDIS.

Health Minister Mark Butler has been actively promoting the government's agenda during morning media rounds. He reiterated confidence in Treasury's forecasts, which predict only a modest $2 per week increase in rents due to budget changes affecting negative gearing and capital gains tax. This contrasts with reports from some media outlets, including The Australian newspaper citing real estate agent Ray White, which suggest rents could rise by up to 30%.

Meanwhile, the debate over superannuation access continues, with Pauline Hanson accusing Treasurer Jim Chalmers of misrepresenting her position. Hanson advocates for easier access to superannuation funds to help individuals manage financial difficulties, while Chalmers appears to be defending the current system. Economics editor Patrick Commins is reportedly examining the feasibility and advisability of allowing earlier access to these savings.

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We’re very confident in our forecast. As Jim Chalmers has said, it’s important to give these sorts of changes some time to settle down … But just think about it logically, James [Glenday]. Remember that the 2.5 million private rental properties in the market that are owned by investors, if they were owned already at budget night and were being negatively geared, that can continue.