Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 1   CGT adjustments

Part 3   Other amendments

Income Tax Assessment Act 1997

78A   Section 152-200

After "if the basic conditions in Subdivision 152-A are satisfied", insert "(assuming the $2 million threshold for a small business entity to be a CGT small business entity were disregarded)".