Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026

The SPEAKER (12:35): The original question was that this bill be now read a second time. In accordance with the resolution agreed to earlier, the immediate question is that the amendment moved by the honourable member for Goldstein, as circulated to members in the chamber, be agreed to. Member for Goldstein' s circulated amendment— That all words after "That" be omitted with a view to substituting the following words: "the House declines to give the bill a second reading and: (1) notes that: (a) this bill increases income taxes; (b) the Government promised Australians lower taxes at the last election; (c) after four years in office, the Government has broken its promises on superannuation tax increases, franking credits, stage three tax cuts, capital gains, trusts, and negative gearing; and (d) a minimum tax on discretionary testamentary trusts as implemented in the budget has been described by independent experts as a death tax; (2) criticises the Government for the misrepresentation of its tax policies prior to the last election; and (3) calls on the Government to abandon these higher taxes, and end waste and rein in spending before increasing taxes on Australian families, inheritances, small businesses, and .start-ups".