Without Notice

Matter of Public Importance

Agriculture Industry, Small Business

House of Representatives · Wednesday 14 October 2026

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

At a glance

The debate centred on the government's handling of small business and agricultural sectors, with opposition members criticising recent tax reforms and regulatory burdens as harmful to enterprise. Government members defended their record, highlighting permanent tax concessions, reduced red tape, and significant investments in regional infrastructure and biosecurity. Opposition speakers argued that policies such as trust tax changes and water buybacks were undermining farmers and small business owners, while government representatives cited record agricultural production and new support mechanisms. The discussion concluded with no vote, as is standard for Matters of Public Importance.

Outcome

The debate concluded without a vote, as is customary for Matters of Public Importance.

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

How the debate unfolded

Opened the debate

Hogan argued that the government had lost public trust by implementing tax changes to capital gains, trusts, and negative gearing that were not part of their election commitments. Hogan claimed these measures increased tax bills for small business owners and families, citing a personal anecdote about a hairdresser and mechanic couple affected by trust structure changes. Hogan contended that the Prime Minister and Treasurer lacked private enterprise experience, leading to poor policy decisions that harmed the economy. Hogan also criticised net zero 2050 policies for increasing costs and necessitating bailouts for major industries, while pointing to high inflation and unemployment forecasts in an IMF report as evidence of government failure.

Government response

McBain stated that the government was supporting small businesses with $3.8 billion in new tax measures, which involved rendering the $20,000 instant asset write-off permanent and introducing a two-year loss carry-back. McBain highlighted the reduction of $10.2 billion in annual regulatory costs to help businesses focus on growth rather than compliance. McBain emphasised support for farmers through the Australian Fuel Security and Resilience Package, concessional loans via the Regional Investment Corporation, and investments in biosecurity and on-farm connectivity. McBain noted that farmgate production had exceeded $100 billion, achieving targets four years ahead of schedule, and defended the government's practical assistance during natural disasters and market disruptions.

Opposition response

Webster argued that the government's policies were causing an emergency for small businesses, citing over 29,000 companies entering external administration in two years. Webster claimed that inflation had eroded small business revenue, with many owners working longer hours for no additional pay and facing shrinking profits. Webster criticised the ban on credit card surcharges as forcing businesses to absorb higher merchant fees, leading to increased prices for consumers. Webster asserted that the government lacked small business experience and was starving the sector through high interest rates and punitive tax policies.

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