8Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026
The order of the day having been read for the resumption of the debate on the question—That the bill be now read a second time—And on the amendment moved thereto by Mr T Wilson, viz.—That all words after “That” be omitted with a view to substituting the following words:
“whilst not declining to give the bill a second reading, the House notes that:
(1)Opposition and community pressure forced the Government to abandon:
(a)the taxation of unrealised gains; and
(b)indexation of the $3 million threshold;
(2)the Government cannot be trusted with tax reform;
(3)the Government has a spending problem, not a revenue problem;
(4)this is the first tax that Australia did not vote for that the Government has tried to ram through;
(5)the Government’s new tax introduces new risks, including removal of the death tax exemption, and impacts on surviving spouses and total and permanent disability benefit recipients;
(6)increases to the Low Income Superannuation Tax Offset (LISTO) are welcome, but modest, and do not address immediate cost of living pressures; and
(7)this change is the beginning of the Government’s high tax, high spending agenda to pour more debt petrol on the inflation fire”—
Debate resumed.