Question Time AU

Matter of Public Importance

Budget

House of Representatives · Tuesday 26 May 2026

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

At a glance

The debate centred on the government's budget, with opposition members criticising new taxes on capital gains, negative gearing, and trusts as broken promises that harm aspiration and small businesses. Government members defended the reforms as necessary measures to address housing affordability, boost productivity, and ensure tax fairness for young Australians. Significant concern was raised regarding caps on allied health support for veterans, which the opposition characterised as a breach of commitment. The government highlighted its record on tax cuts, healthcare improvements, and infrastructure investment, while the opposition warned of rising debt and declining living standards.

Outcome

The motion was debated as a Matter of Public Importance; no vote was taken.

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

How the debate unfolded

Opened the debate

Wilson argued that the budget was built on deceit and betrayed the Australian community by imposing new taxes on households and small businesses. Wilson claimed that real wages had fallen by three per cent and that an average couple with a mortgage was $32,000 worse off under the government. Wilson contended that the budget would reduce housing supply by 35,000 homes and impose a 30 per cent tax on testamentary trusts, citing the case of a family with a daughter with Down syndrome. Wilson asserted that the government was targeting aspiration and wealth creation, particularly affecting young Australians and those using employee share ownership schemes.

Government response

Leigh countered that the coalition had historically opposed major reforms such as the capital gains tax and universal superannuation. Leigh stated that the budget would reduce the tax burden for over 13 million workers and support 75,000 additional homeowners. Leigh highlighted productivity reforms, including free access to construction standards and streamlined licensing, which he claimed would save small businesses up to $1,600 annually. Leigh argued that changes to capital gains tax would restore fairness by taxing real gains rather than inflationary distortions, citing support from various economic experts.

Opposition response

Thompson focused on the government's decision to cap allied health and psychosocial support for veterans at $5,000. Thompson argued that this cap would leave veterans without necessary care for injuries and mental health issues, potentially leading to self-medication and worsening conditions. Thompson claimed that the process to request additional help through the Department of Veterans' Affairs could take several months, leaving vulnerable individuals in crisis. Thompson described the policy as a broken promise and a disgraceful act that failed to support those who had served the country.