Bill
Unlocking Supply of Family Homes Bill 2025
before parliament, as at 2026-08-12.
- Sponsor
- Hume
- Portfolio
- Not recorded
Recorded stages
- introduced — 2025-11-26
- second reading — 2025-11-26
- second reading — 2026-08-12
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2025-11-26.
The bill would let people put more of their home sale proceeds into superannuation and start doing so at a younger age.
It changes the Income Tax Assessment Act 1997 to lower the eligible age, lengthen the contribution window, and raise the maximum amount that can be contributed.
The minimum age would drop from 55 to 50, the period to make a contribution after settlement would grow from 90 days to 1 year, and the cap would rise from $300,000 to $500,000.
- Lowers the minimum age for making a downsizer contribution from 55 to 50.
- Extends the time allowed after settlement to make the contribution from 90 days to 1 year.
- Raises the maximum downsizer contribution from $300,000 to $500,000.
Older Australians who sell their family home and want to contribute the proceeds to superannuation.
Sources
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