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SenateThursday 25 June 2026

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) (12:53): Yes. Sorry—I wasn't clear in my earlier answer, but I was saying on Thursday, so before, because I think the committee reported on Thursday. It was Thursday or Friday; I can't remember.

It was last week sometime. We made some amendments. We made an announcement about amendments on Thursday last week, which go to the small-business arrangements, some of the decisions we took on testamentary discretionary trusts and a few other things.

The decision was reflected in the announcement on limited recourse borrowing. The announcement was made on Tuesday this week.

SourceSenate, Thursday 25 June 2026 — official recordTA-260625-senate-924b2fe8cda6:s094