House debates Questions without Notice

Taxation

Tuesday, 13 October 2026 House of Representatives

Jim Chalmers

Jim Chalmers Rankin, Australian Labor Party, Treasurer

3:02 pm

The reforms that will be introduced in the parliament tomorrow are all about better aligning the tax treatment of income from working with the tax treatment of income from assets. What we have done is we've picked up the concerns that have been raised for decades in various tax reviews, going all the way back to the Asprey report in 1975, the Ralph review in 1999, the Henry review and the coalition's own tax discussion paper in 2015. The reason that we are dealing with this is that the flexibility provided by trusts can allow some Australians to plan their tax affairs in ways that aren't available to most workers and to most families. We recognise that there are—

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