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Anthony Albanese
Prime Minister, Australia

Anthony Albanese talks new tax reforms passing parliament | Today Show Australia

📅 Jun 25, 2026 TODAY and 9 News Australia 8 MIN 16827 VIEWS 11 SEGMENTS · 2 SPEAKERS
After months of debate, Labor's highly contentious tax package has officially passed parliament. | Subscribe 👉 http://9Soci.al/L72O50GjSJY Join the TODAY team as they bring you the latest in news, current affairs, sports, politics, entertainment, fashion, health and lifestyle. For more TODAY head to: http://9Soci.al/KzNl50GjSJk Like TODAY on Facebook:   / iwakeupwithtoday   Follow TODAY on Twitter:   / thetodayshow   Follow TODAY on Instagram:   / thetodayshow   #TodayShowAustralia

What Anthony Albanese said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Prime Minister Anthony Albanese defended the passage of his government's tax reform package, arguing it will give every Australian a tax cut and help young people buy homes. He noted that housing prices have risen 400%, more than double wages, and that the system is broken. He said existing negatively geared properties will be unaffected, and that 75,000 additional young people will gain home ownership. He dismissed concerns about falling property prices, citing Treasury estimates that prices will continue to increase but slightly less than otherwise. He also addressed teen social media restrictions, saying millions of accounts have been deleted, 16 countries have followed Australia's lead, and the government will strengthen laws to hold social media giants accountable.

Key takeaways

  1. Tax reform will give every Australian a tax cut, the fifth since the government took office.
  2. 75,000 additional young people will be able to access home ownership due to the changes.
  3. Housing prices have risen 400%, more than double wages, since market distortions began.
  4. Millions of social media accounts have been deleted; 16 countries have followed Australia's lead.

Numbers and commitments

FigureWhat it refers toTypeAt
400% increase in housing prices since market distortions metric 0:26
75,000 additional young people able to access home ownership metric 3:36
2 million Australians with no change to existing negative gearing arrangements metric 3:36
16 countries that have followed Australia's social media restrictions metric 6:21

Chapters

  1. 0:00Tax reform passage and housing
  2. 1:36Defending the policy against criticism
  3. 3:12Impact on property prices and young buyers
  4. 3:36Negative gearing details and future
  5. 5:59Teen social media restrictions

Questions asked in this interview

4
  1. 0:15Voters have lost faith in the government and turned in their numbers to One Nation. Was it worth it?
  2. 1:36Aren't they the most important thing here?
  3. 3:12Is this what you wanted, for people to lose hundreds of thousands of dollars on their property?
  4. 5:59What measures are you taking because it so far hasn't been implemented all that well among the younger generation?
Host 0:00 ↗
Welcome back to Today at 8 a.m. After months of debate, Labour's highly contentious tax package has officially passed parliament. We are joined by Prime Minister Anthony Albanese in Canberra. PM, good morning to you. Good to see you.
Anthony Albanese 0:14 ↗
Morning. Great to be with you.
Host 0:15 ↗
Yeah, look, this was a political victory for you, but it's left you battered and bruised. Voters have lost faith in the government and turned in their numbers to One Nation. Was it worth it?
Anthony Albanese 0:26 ↗
Tax reform is always hard, but we're in government to make a difference to people's lives. And this reform will give every Australian a tax cut. That is important. That's now five lots of tax cuts since we've been in government in just over four years that we have legislated for. It also will give young Australians a fair crack at owning their own home. The interesting thing about the debate, it's 45 days since the budget was handed down, is that no one has said that the housing system isn't broken. We all know it's not working. The price of housing has gone up by 400%, more than double the amount of wages since these changes distorted the market and channeled investment towards property and away from other productive sides of the economy. And therefore we had a responsibility given that had been identified across the board to do something about it. Now anyone who has a negatively geared property will currently will continue to be able to negatively gear that property. No change for them. But
Host 1:36 ↗
You've lost significant capital. You've lost significant capital and you've lost faith in the voters. Aren't they the most important thing here? You can't just change policy on the run without putting it to them first.

6 more exchanges in this transcript

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Cite this transcript

APA, MLA, BibTeX
APA

Albanese, A. (2026, June 25). Anthony Albanese talks new tax reforms passing parliament | Today Show Australia [Interview transcript]. TODAY and 9 News Australia. CEOInterviews.AI. https://ceointerviews.ai/interview/1046960/

MLA

Anthony Albanese. "Anthony Albanese talks new tax reforms passing parliament | Today Show Australia." TODAY and 9 News Australia, 25 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1046960/.

BibTeX
@misc{albanese2026_1046960,
  author       = {Anthony Albanese},
  title        = {Anthony Albanese talks new tax reforms passing parliament | Today Show Australia},
  howpublished = {Interview transcript, TODAY and 9 News Australia. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/1046960/},
  note         = {Speaker-attributed transcript with timestamps}
}