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

Senator GALLAGHER (Australian Capital Territory—Minister for Finance, Minister for the Public Service, Minister for Women, Minister for Government Services and Manager of Government Business in the Senate) (12:40): We have looked at this. Ninety per cent of small businesses still get access to those concessions. But we think this is the most effective way to ensure that all 2.7 million active small businesses are eligible for concessional treatment in a way that both deals with some of the issues being raised by small business with us but also does so in an affordable way.