Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025

Stage by Stage

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

1. Thursday 4 September 2025 · House of Representatives

   Second Reading

   The debate focused on the principles of the bill, which aims to strengthen financial markets, improve regulatory oversight, and support economic productivity. Andrew Leigh moved the second reading, outlining measures including corporate transparency reforms, charity sector accountability, and the extension of small business tax incentives. The bill also addresses energy market consumer protections and technical legislative corrections. The debate was adjourned without a final vote recorded in the transcript.

   Outcome: The debate was adjourned.

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2. Tuesday 7 October 2025 · House of Representatives

   Second Reading

   The debate centred on the bill's extension of energy market protections and instant asset write-offs, alongside changes to regulatory oversight. The Opposition argued the bill extended successful Coalition policies while reducing accountability for financial regulators amid superannuation losses. The Government defended the measures as necessary for market stability and small business support, highlighting previous Labor initiatives. A National Party member raised concerns about the handling of superannuation fund collapses and the lack of government response to affected investors.

   Outcome: The debate was interrupted before a vote was taken.

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3. Wednesday 8 October 2025 · House of Representatives

   Consideration in Detail

   The debate focused on amendments proposed by independent members to render the instant asset write-off permanent and raise the threshold to $50,000. Zali Steggall argued that the current temporary nature of the measure creates uncertainty for small businesses, while Andrew Gee supported the changes to help businesses navigate high costs. Steggall also moved additional amendments to link the higher threshold to energy efficiency and waste reduction investments. The amendments were defeated in a division, but the bill itself was agreed to.

   Outcome: The amendments were negatived in a division with 9 votes against and 64 for, and the bill was agreed to.

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4. Wednesday 8 October 2025 · House of Representatives

   Second Reading

   The debate centred on the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025, which aimed to enhance financial system transparency, regulator accountability, and small business support. Labor members supported the legislation as essential for market integrity and economic stability, while Independent member Allegra Spender and the Greens raised concerns regarding the temporary nature of the instant asset write-off and the lack of a public beneficial ownership register. An amendment moved by Sophie Scamps to make the write-off permanent was defeated, and the government opposed other amendments from the opposition and crossbench.

   Outcome: The bill was passed after divisions on amendments were defeated.

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5. Wednesday 8 October 2025 · House of Representatives

   Third Reading
   See who spoke