Australia has published the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (Act No. 49, 2026) and the Income Tax Rates Amendment (Tax Reform No. 1) Act 2026 (Act No. 50, 2026), which received royal assent (were enacted) on 26 June 2026. The legislation provides for the replacement of the 50% capital gains tax (CGT) discount for individuals, partners in partnerships, and trusts with a minimum 30% tax on net capital gains, as well as cost base indexation for assets held at least 12 month…