Question Time AU

Bill Debate · Second Reading

Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026; Second Reading

House of Representatives · Tuesday 3 March 2026

Continued from Wednesday 11 February 2026.

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

The debate centred on proposed changes to superannuation tax concessions, specifically introducing higher tax rates on earnings from balances exceeding $3 million and $10 million, alongside increases to the low-income superannuation tax offset. The opposition opposed the bill, arguing it represented a breach of election promises and targeted self-managed superannuation funds to fund government spending. The government supported the legislation, framing it as a necessary recalibration to ensure the system's long-term sustainability and equity, while protecting the majority of Australians from tax changes.

Outcome

The amendment moved by Tim Wilson was not recorded as passed in the provided transcript excerpt, and the final vote result is not stated.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Continued the debate

Tim Wilson (Goldstein) (Liberal Party) Liberal

Wilson opposed the bill, arguing that the government had broken election promises by introducing new taxes that were not voted on by the public. Wilson claimed the legislation targeted self-managed superannuation funds to raise revenue for government spending, which he characterised as mismanagement. Wilson asserted that the government had a spending problem rather than a revenue problem and cited independent inquiries suggesting public funds were being directed towards organised crime through union associations. Wilson moved an amendment to reject the bill, stating that the government could not be trusted with tax reform and that the changes introduced risks for vulnerable groups.