Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026

Senator DEAN SMITH (Western Australia) (18:13): I was giving the minister an opportunity to improve upon his answer. I'll give the minister one more opportunity. Minister, it's true to say that in the most recent budget the government took the 50 per cent CGT discount away from small businesses and everyday Australians and that this bill now provides a 50 per cent capital gains discount for foreign investors in renewable energy projects until 2040.

That's a correct statement?