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House of RepresentativesTuesday 26 May 2026

QUESTIONS WITHOUT NOTICE

Mr ALBANESE (Grayndler—Prime Minister) (14:51): Once again, I inform the member asking the question that our budget is reducing a range of taxes and costs for small business in the $3½ billion that we have put forward. The changes to capital gains tax will result in different outcomes for different businesses across a range of systems. What we are doing is replacing one discount with another discount—a discount based upon real gains rather than nominal gains going forward.

That is what we are doing. We are consulting, as we said we would on budget night, including with the Council of Small Business. They have had formal meetings with Treasury.

We're continuing to consult on those measures. We said we would do that. That is what we are doing.

On Thursday, we'll introduce the legislation that provides for the key measures going forward. The SPEAKER: Before I call the member for Braddon, I just want to remind the Leader of the Opposition about the language at the end of that question. It was directly reflecting on a member.

So I would just remind everyone, to be consistent, that we do not reflect directly on members. It was just the last part of that question.

SourceHouse of Representatives, Tuesday 26 May 2026 — official recordTA-260526-house-fe3d2ac10a60:s138