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๐Ÿ‡ฆ๐Ÿ‡บ Australia /Economy & Trade

Labor defends Greens deal to pass budget measures

From ABC Australia · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • Housing Minister Clare O'Neil defended a deal with the Greens to pass the government's capital gains tax and negative gearing measures.
  • The agreement stops self-managed super funds from borrowing to buy housing and includes an extended NDIS inquiry in exchange for the Greens' support.
  • The legislation is set for a Senate vote on Thursday, with the government aiming to secure passage for its budget measures.

Housing Minister Clare O'Neil has defended a deal struck between the federal government and the Greens to pass key budget measures concerning negative gearing and capital gains tax. The agreement, reached yesterday, includes a provision to prevent self-managed super funds from borrowing to purchase housing. In return, the government has agreed to extend an inquiry into the National Disability Insurance Scheme (NDIS).

Speaking this morning, O'Neil addressed concerns about potential watering down of the NDIS reforms. She emphasized that the core objective of the overhaul remains unchanged, stating, "The NDIS reform that the government is undertaking is incredibly important for the nation." She acknowledged the legitimacy of seeking more input through a longer inquiry but asserted that the fundamental purpose of the NDIS reform will not be altered.

The NDIS reform that the government is undertaking is incredibly important for the nation. This is a cherished national institution, but I think most Australians can see it's not serving its original purpose.

โ€” Clare O'NeilHousing Minister Clare O'Neil discusses the importance of NDIS reform and its current effectiveness.

The legislation is scheduled for a vote in the Senate on Thursday afternoon and will subsequently require approval from the lower house. The deal signifies a crucial step for the Labor government in passing its budget-related policies, highlighting the negotiation dynamics with the Greens to secure parliamentary support.

I think it's legitimate to ask for a longer inquiry and to give more voices into that discussion but I will just say the central point of that NDIS reform does not change.

โ€” Clare O'NeilHousing Minister Clare O'Neil addresses concerns about potential changes to NDIS reforms following a deal with the Greens.
DistantNews Editorial

Originally published by ABC Australia in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.