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) (12:55): This goes back to our earlier discussion. It's not broken down by impact on capital gains alone. The advice feeds into the figure, is my understanding, of the impact on 35,000 over the next decade, and that's comparing just on the tax changes.

So, as you say, we've made a range of other decisions in the budget papers and in the budget measures which will increase housing supply by 30,000 because of the investments we're making in the housing infrastructure side of the budget. That 35,000 dwellings number is not broken down by a particular change to just one element of the package. The TEMPORARY CHAIR ( Senator Sterle ): Before I call Senator Chandler, I notice that Senator Pocock is waiting patiently.

Senator Chandler, I'm keen to share the call around if we can.