Treasury Laws Amendment (Tax Reform No. 3) 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

   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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2. Wednesday 14 October 2026 · House of Representatives

   Second Reading

   The Treasurer introduced legislation implementing the third tranche of the government's tax reform package, focusing on a minimum tax for discretionary trusts and further adjustments to negative gearing and capital gains tax rules. The bill aims to align the tax treatment of income from assets with income from work, thereby funding income tax cuts for workers and improving housing supply. It also includes transitional relief for superannuation contributions under the new payday super system. The debate concluded with the bill being commended to the House, though no vote was recorded in the provided transcript.

   Outcome: The debate was adjourned with the bill commended to the House.

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