Treasury Laws Amendment (More Cost of Living Relief) Bill 2025

Stage by Stage

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

1. Wednesday 26 March 2025 · House of Representatives

   Second Reading

   The debate focused on the government's proposal to lower the initial marginal tax bracket from 16 per cent to 14 per cent effective from July 2026, alongside increases to Medicare levy thresholds. Government members argued the measures provided responsible cost-of-living relief, while opposition members criticised the timing and magnitude of the cuts amid high inflation and national debt. Tony Burke moved to expedite the vote, claiming the opposition consistently voted against cost-of-living measures and that the bill would provide average weekly tax cuts of $43 in 2026-27 and $50 in 2027-28. Crossbench members supported the bill but called for more substantial reforms, such as indexing tax brackets or ensuring corporations pay their fair share.

   Outcome: The bill passed the second reading with divisions recorded as 77-65 and 91-52.

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2. Wednesday 26 March 2025 · House of Representatives

   Third Reading
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3. Wednesday 26 March 2025 · Senate

   Bill Debate
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