MATTERS OF URGENCY

The PRESIDENT (16:55): With the will of the chamber, we will proceed to the next urgency motion, standing in the name of Senator McGrath, and do one speaker, and then it will be 5 pm. The Senate will now consider the proposal, under standing order 75, from Senator McGrath, which has also been circulated and is shown on the Dynamic Red: That, in the opinion of the Senate, the following is a matter of urgency: The Albanese Labor Government's proposed 30 per cent trust tax, which threatens to slug small and family businesses, farmers and hardworking Australians with up to $13.3 billion in restructuring costs, punishing the very people who take risks, create jobs and drive our economy, while Labor continues to pile more taxes, costs and uncertainty onto Australian businesses.

Is consideration of the proposal supported? More than the number of senators required by the standing orders having risen in their places— The PRESIDENT: With the concurrence of the Senate, the clerks will set the clock in line with the informal arrangements made by the whips.