Without Notice

Bill Debate · Reference to Committee

Treasury Laws Amendment (Tax Reform No. 3) Bill 2026, Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026; Reference to Committee

House of Representatives · Wednesday 14 October 2026

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

At a glance

The opposition moved to refer two tax reform bills to the Standing Committee on Economics for an advisory report by 1 July 2027. Tim Wilson and Kevin Hogan argued that the legislation was introduced without prior public debate or election mandate, causing uncertainty for small businesses. They cited potential compliance costs, stamp duty triggers, and negative impacts on liquidity and productivity as reasons for scrutiny. The motion was defeated in a division with 46 votes in favour and 87 against.

Outcome

The motion was defeated in a division with 46 votes in favour and 87 against.

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

How the debate unfolded

Opened the debate

Tim Wilson (Goldstein) (Liberal Party) Liberal

Wilson moved the motion to refer the bills to the Standing Committee on Economics, arguing that the government had deceived the public by introducing legislation it promised not to enact. Wilson claimed the measures would impose compliance costs of up to $50,000 on small businesses and trigger stamp duty obligations when structures were changed. Wilson warned that the legislation could cause a $13.3 billion deadweight loss to the economy and reduce access to finance for businesses facing declining asset values. Wilson asserted that an inquiry was necessary to expose these consequences and restore accountability.

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Votes during this debate

Division 1: Treasury Laws Amendment (Tax Reform No. 3) Bill 2026, Income Tax Rates Amendment (Minimum Tax on Discretionary Trusts) Bill 2026; Reference to Committee Not passed 46–87