Senate debates

Tuesday, 27 February 2024

Bills

Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024, Treasury Laws Amendment (Cost of Living — Medicare Levy) Bill 2024; In Committee

6:59 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Shadow Minister for the Public Service) Share this | Hansard source

Minister, I asked Treasury officials, during a cost-of-living hearing and again, at Senate estimates: how many Australians would have to pay a higher tax rate on 1 July under this legislation compared to the existing previously legislated rates?

I'm yet to receive an answer to both the question asked at the cost-of-living hearing and the question asked at Senate estimates. I'm going to ask you again because, according to your own costings, there is $28 billion of additional revenue from personal income taxes after this legislation goes through. That's a lot of additional tax, and somebody is paying for it. Minister, how many Australians will be paying higher taxes under this legislation compared to the existing law on 1 July this year?

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