Question Time AU

Bill Debate · Second Reading

Treasury Laws Amendment (Doubling Penalties for ACCC Enforcement) 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 Treasurer introduced legislation to double maximum penalties for breaches of competition law and the Australian Consumer Law from $50 million to $100 million. The measure aims to deter price gouging, particularly in the fuel sector, and align Australia's penalties with those of comparable economies. The Treasurer highlighted broader government reforms to protect consumers and noted that all states and territories had agreed to the necessary changes. The debate was adjourned without further discussion from other members.

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

Jim Chalmers (Rankin) (Australian Labor Party) ALP

Chalmers moved that the bill be read a second time, arguing that the increased penalties would empower the ACCC to take stronger action against companies engaging in illegal price increases. Chalmers stated that the reforms were designed to protect motorists and families from unfair pricing practices linked to global conflicts. Chalmers emphasised that the government had secured agreement from all states and territories for the amendments to the Australian Consumer Law. Chalmers framed the bill as part of a broader strategy to ensure fair markets and support Australian consumers.