Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026

Stage by Stage

Summaries in reported speech - not a transcript. In date order, both chambers.

1. Wednesday 14 October 2026 · House of Representatives

   Second Reading
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2. Wednesday 14 October 2026 · House of Representatives

   Reference to Committee

   The opposition moved to refer two tax reform bills to the Standing Committee on Economics for an advisory report by 1 July 2027. Tim Wilson and Kevin Hogan argued that the legislation was introduced without prior public debate or election mandate, causing uncertainty for small businesses. They cited potential compliance costs, stamp duty triggers, and negative impacts on liquidity and productivity as reasons for scrutiny. The motion was defeated in a division with 46 votes in favour and 87 against.

   Outcome: The motion was defeated in a division with 46 votes in favour and 87 against.

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