Question Time AU

Bill Debate · Second Reading

Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026; Second Reading

House of Representatives · Wednesday 25 March 2026

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

At a glance

The Assistant Treasurer moved the second reading of the bill, which aimed to modernise tax administration and support philanthropy. Key measures included removing the minimum donation threshold for tax deductions and requiring trustees of closely held trusts to report beneficiary tax file numbers. The legislation also excluded gambling and tobacco research from R&D tax incentives, with exceptions for harm minimisation. The debate was adjourned without a final vote recorded in the transcript.

Outcome

The debate was adjourned.

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

How the debate unfolded

Opened the debate

Daniel Mulino (Fraser) (Australian Labor Party) ALP

Mulino argued that the bill would strengthen tax system integrity and support charitable giving by removing the two-dollar minimum threshold for deductible gifts. Mulino stated that requiring trustees of closely held trusts to report beneficiary tax file numbers from July 2026 would streamline reporting and reduce compliance costs. Mulino explained that excluding gambling and tobacco from R&D tax incentives would prevent public subsidisation of activities causing health risks, while allowing harm-minimisation research. Mulino noted that minor technical amendments would keep Treasury laws current and fit for purpose.