QUESTIONS WITHOUT NOTICE

Senator DUNIAM (Tasmania—Manager of Opposition Business in the Senate) (14:00): My question is to the Minister representing the Prime Minister, Senator Wong. CPA Australia has publicly stated that the Prime Minister's capital gains tax changes could force Australians to obtain defensible market valuations for personal use assets, including valuable items held in people's homes, their garages and their sheds.

Can the minister confirm whether a vintage car, a classic car, a collectable vehicle or even a number plate worth more than $10,000 will need to be valued before 1 July 2027 under Labor's new capital gains tax regime?