Angus Taylor (Hume, Liberal Party, Shadow Treasurer) Share this | Hansard source

The coalition will be supporting this bill, the Treasury Laws Amendment (2022 Measures No. 2) Bill 2022. This bill implements a number of sensible measures of the previous coalition government. For a number of these measures, their implementation was delayed due to the COVID-19 pandemic. The bill provides effective changes to support small businesses in handling their affairs with the Australian Taxation Office, providing them with additional supports in the event of inadvertent breaches, as opposed to financial penalties. It provides small businesses additional support in dealing with the ATO appeals process and removes tax barriers that support sole traders and individuals looking to upskill. It supports gig economy contractors and companies to manage their tax obligations and ensure that the ATO has the data it needs to ensure accurate reporting. And it puts in place important reforms to support the coalition's election commitment to support Australians over-55 to downsize their properties and contribute to their superannuation.

This bill builds on the coalition's strong record of supporting small businesses, retirees and sensible reforms to superannuation as well as supporting the housing market.

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