Jo Briskey (Maribyrnong, Australian Labor Party) Share this | Hansard source

This legislation is about productivity—not productivity as a slogan but productivity as Australians experience it every day in how easy it is to comply with the tax system, to run a small business, to support a local charity or to innovate and invest for the future. The Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 does not pretend to be a single sweeping reform. Indeed, it does something far more important than that. It tackles the everyday frictions that quietly hold our economy back. That is how productivity is built: step by step, across the system. Productivity doesn't turn around because of one announcement or one big reform. It improves when government makes sensible decisions that save people time and effort, when it removes friction from the system and when it focuses on making things work better in practice, not just in theory.

When Labor came to government in 2022, Australia's productivity growth had stalled. Under those opposite and their nearly 10 years of economic vandalism, wages stagnated, investment slowed—

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