House debates

Tuesday, 30 June 2026

Bills

Treasury Laws Amendment (Financial Reporting System Reform) Bill 2026; Consideration of Senate Message

12:26 pm

Photo of Daniel MulinoDaniel Mulino (Fraser, Australian Labor Party, Assistant Treasurer) | | Hansard source

I move:

That the amendments be agreed to.

The bill establishes External Reporting Australia, or ERA, Australia's new body responsible for the development and maintenance of accounting auditing and assurance standards. In recent years, we've seen behaviour from large accounting, auditing and consulting firms in Australia that is not fair or honest. This bill represents a major development in the setting and maintenance of standards. The amendments on which we seek the House's concurrence are all consistent with the policy intent of the bill. I commend the bill to the House.

12:27 pm

Photo of Mr Tony BurkeMr Tony Burke (Watson, Australian Labor Party, Leader of the House) | | Hansard source

I move that the question be put.

Photo of Milton DickMilton Dick (Speaker) | | Hansard source

The question is that the question be put.

12:31 pm

Photo of Milton DickMilton Dick (Speaker) | | Hansard source

The question is that the amendments be agreed to.