Senate debates

Monday, 22 June 2026

Questions without Notice

Budget

2:12 pm

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

I certainly would be advising Australian business to price in the risk of a coalition-One Nation government because we all understand what that would mean for business, working people and the Australian economy. That is a risk they should price in. They should work with the Labor Party to ensure that that is never delivered—that they never deliver a government—because we know what that side would be like if we saw Senator Cash and Senator Hanson working together in this chamber to take away so many of the things that Australians need.

What I would say to you, Senator, again—and as I explained in my primary answer to your deputy leader—is that the government is consulting on arrangements for innovative startups. That consultation will proceed in relation to small business. The government has announced a higher threshold, so 98 per cent of all active businesses will now be eligible for more generous CGT concessions.

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