Senate debates

Thursday, 14 May 2026

Questions without Notice

Budget

2:20 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

The Treasurer and the government have been upfront about—first, in terms of housing, I've explained our policy. In terms of—

The Treasurer was upfront on budget night. We are changing the arrangements for taxation of assets. That is because we need to ensure, as a country, that we get a better alignment between the treatment of income from Labor and the treatment of income from assets. I think most Australians would understand that is pretty fair. We are providing additional tax benefits to working Australians on top of the previous tax cuts that Australians—

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