Capital gains tax carve-outs for startups won't be included in legislation set to be introduced to parliament within days.
Instead, the government will continue consultation even as it looks to pass laws through the lower house to enshrine income tax cuts and a standard $1000 deduction, abolish negative gearing for established properties and replace the 50 per cent CGT discount.
The four changes will be included in one bill to be introduced to parliament on Thursday, Prime Minister Anthony Albanese said.
A second tranche of legislation will address the details of implementation, he said.
Asked why a potential carve-out for startups would be tacked onto the legislation after it was introduced, rather than included from the outset, Mr Albanese said that was the "normal way" tax reform was usually implemented.
