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

The PRESIDENT (10:10): Pursuant to order agreed to on Tuesday, the Senate will now further consider the Treasury Laws Amendment tax reform number one bill of 2026 and a related bill. The second reading debate on the bills concluded yesterday evening, and I'm now required to put the questions on the second reading of the bills. I will now put the questions before the chair and then the remaining stages on the second reading of the bills.

I'll begin with the second reading amendment moved by Senator Chandler. The question is that the amendment on sheet 3883 be agreed to. Opposition's circulated amendment— Omit all words after "That", substitute "the Senate: (a) calls on the Government to immediately pass laws to end bracket creep and implement a Tax Back Guarantee, by indexing the personal income tax brackets to inflation starting with the first two tax brackets in 2028-29, and the remaining tax brackets from 2031-32; and (b) notes this will deliver lower income taxes, permanently, to all Australians and ensure that income taxes cannot rise without the passage of new laws".