Question Time AU

Bill Debate · Consideration in Detail

Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026; Consideration in Detail

House of Representatives · Thursday 20 August 2026

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

At a glance

The Assistant Treasurer moved a government amendment to extend the 50 per cent discount on capital gains tax for eligible foreign resident disposals of renewable energy assets from 2030 to 2040. This change acknowledged the long construction phases of renewable infrastructure and aimed to balance tax fairness with the need for foreign investment in Australia's net zero transition. The member thanked cross-bench members and the Greens for their constructive discussions and noted the withdrawal of a similar private member's amendment. The amendment was agreed to, and the bill was passed as amended.

Outcome

The amendment was agreed to and the bill, as amended, was agreed to.

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 moved the government amendment to substitute the commencement date of 1 July 2030 with 1 July 2040 in Schedule 3 of the bill. Mulino argued that this extension recognised the lengthy development periods associated with renewable infrastructure assets. Mulino stated that the change supported continued foreign investment necessary for Australia's net zero transition while ensuring long-term alignment with the tax treatment of other assets. Mulino emphasised that the 2040 timeline balanced the policy objective of tax fairness with the need to sustain investment in the renewables sector.