Without Notice

Take Note Debate

Answers to Questions

Senate · Tuesday 13 October 2026

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

At a glance

Senators debated the government's handling of tax reforms, specifically concerning discretionary family trusts and their impact on small businesses. Opposition senators argued that the changes imposed significant restructuring costs and created uncertainty, while government senators defended the measures as part of broader economic support and fairness initiatives. The debate also touched on the trucking industry, with opposing views on whether the government adequately supported transport operators. No formal vote was recorded in the transcript provided.

Outcome

The motion to take note of the answers was debated, with no formal result recorded in the provided transcript.

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

How the debate unfolded

Opened the debate

Scarr argued that the government's tax changes, particularly regarding discretionary trusts, were damaging to small businesses across Australia. Scarr claimed that approximately 350,000 small businesses use these trusts and that the reforms would cost them up to $13.3 billion in restructuring and advice fees. Scarr highlighted a specific case in Queensland where a business faced an $890,000 tax bill due to inadvertent past errors, describing the situation as an albatross around the neck of small business. Scarr asserted that the government had failed to consider the costs of legal and tax advice required to comply with the new rules.

Opposition response

Liddle criticised the government for creating uncertainty and complexity for family businesses through tax reforms. Liddle argued that small businesses were already struggling with rising costs for taxes, interest rates, power, insurance, and freight. Liddle claimed that some businesses faced restructuring costs of up to $50,000 and that the Prime Minister lacked understanding of the financial pressures faced by business owners. Liddle stated that the coalition would restore certainty to trust arrangements and support family businesses.

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