Question Time AU

Take Note Debate

Taxation, Victoria: Construction Industry, Economy: Productivity

Senate · Wednesday 12 August 2026

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

At a glance

Senators debated the government's answers to questions concerning new taxes on charities and discretionary trusts, as well as concerns about falling productivity. Liberal senators argued that the proposed 30 per cent minimum tax on discretionary trusts would reduce charitable donations by billions and harm the economy, while Labor senators defended the reforms as necessary for fairness and funding tax cuts for workers. The debate also covered broader economic issues, with Liberals citing rising living costs and Labor highlighting their record on housing and women's rights. The motion was agreed to without a division.

Outcome

Question 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

Collins moved the motion to take note of the answers given by the Minister for Foreign Affairs and the Minister for Finance. Collins criticised the government's proposed trust tax, arguing it would remove $412 billion from the economy and negatively impact faith-based organisations and charities that support vulnerable communities. Collins claimed the government lacked confidence in the market, citing a slump in property values and lending, and argued that increasing taxes would lower rather than raise productivity. Collins also highlighted the slow progress of the Housing Australia Future Fund, noting that only 56 houses had been provided despite significant funding.