Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026

Stage by Stage

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

1. Thursday 2 July 2026 · House of Representatives

   Second Reading

   The Assistant Treasurer moved the second reading of the bill, which introduced reforms to strengthen tax adviser accountability, update foreign resident capital gains tax rules, refine merger regulations, and codify national competition principles. The legislation aimed to enhance integrity in the tax system following the PwC tax leaks and address uncertainties in foreign investment taxation. It also included concessions for renewable energy investments and technical amendments to philanthropic fund naming and tax credit timing. The debate was adjourned without further discussion from other members.

   Outcome: The debate was adjourned.

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2. Wednesday 19 August 2026 · House of Representatives

   Bill Debate

   The debate focused on the Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026. Kevin Hogan stated that the opposition would not oppose the bill in the House of Representatives but advocated for its referral to the Senate Economics Legislation Committee. Hogan raised concerns that specific tax provisions might deter foreign investment in major energy and infrastructure projects, despite supporting other schedules regarding tax adviser accountability and merger laws. The debate was interrupted before a final vote or further discussion could occur.

   Outcome: The debate was interrupted.

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3. Thursday 20 August 2026 · House of Representatives

   Consideration in Detail

   The Assistant Treasurer moved a government amendment to extend the 50 per cent discount on capital gains tax for eligible foreign resident disposals of renewable energy assets from 2030 to 2040. This change acknowledged the long construction phases of renewable infrastructure and aimed to balance tax fairness with the need for foreign investment in Australia's net zero transition. The member thanked cross-bench members and the Greens for their constructive discussions and noted the withdrawal of a similar private member's amendment. The amendment was agreed to, and the bill was passed as amended.

   Outcome: The amendment was agreed to and the bill, as amended, was agreed to.

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4. Thursday 20 August 2026 · House of Representatives

   Second Reading

   The debate focused on reforms to tax practitioner regulation, foreign resident capital gains tax, merger controls, and competition policy. Labor members supported the bill as necessary to close enforcement gaps exposed by the PwC scandal and ensure fair taxation of foreign investors. Independent members raised concerns about the impact of tax changes on clean energy investment, particularly regarding the initial short transition period for renewable energy concessions. The government agreed to amend the bill to extend the renewable energy capital gains tax discount until 2040. Liberal members opposed the bill, arguing it exacerbated inflation and public debt. The bill was passed after the amendments were accepted.

   Outcome: The bill was read a second time and passed.

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5. Thursday 20 August 2026 · House of Representatives

   Third Reading
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6. Monday 7 September 2026 · Senate

   First Reading
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7. Thursday 10 September 2026 · Senate

   In Committee
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8. Thursday 10 September 2026 · Senate

   Third Reading
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