Rick Wilson (O'Connor, Liberal Party) Share this | Link to this | Hansard source

My question is to the Minister for Agriculture, Fisheries and Forestry. Will the minister guarantee Australian farming families won't be worse off because of Labor's toxic taxes?

Julie Collins (Franklin, Australian Labor Party, Minister for Agriculture, Fisheries and Forestry) Share this | Link to this | Hansard source

They seem determined to continue this scare campaign on that side of the House. I answered the questions in the past about how the capital gains tax changes will work, and those on the other side need to stick to the facts when it comes to the changes that we are making. We've been very clear that the capital gains tax changes start from 1 July 2027 and apply only to gains from that date. Obviously, there are generous capital gains tax concessions for small businesses and, according to the latest ABS data, nine out of 10 businesses across agriculture, forestry and fisheries will get that concession.