Senate debates

Tuesday, 23 June 2026

Bills

Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; Second Reading

6:57 pm

Photo of Ross CadellRoss Cadell (NSW, National Party, Shadow Minister for Water) | Hansard source

It was funny. Tax less, give them their chance and let them be all they can be. If that's not working, create the housing.

I wish! What we want to do is show that there is a way forward, and this doesn't do that. Taking people's money off them does not do that.

We are sitting there patting ourselves on the back for doing this. I don't blame the Greens. As I said, it's in the Greens' DNA to get as much of other people's money as they can. They love it. They want to shut down all the industry that creates the money but take that money as they destroy it. I look forward to living in caves if they ever get into government. It'll be a fantastic time—subsistence living back again, and no carbon output. I don't know what the campfire would put out as a carbon output, but I wonder how I'll offset that. That'll be an interesting one, because that'll be my heating. I don't have a problem with that. I'm surprised that the Greens did it so cheaply. There seems to be very little in this for them. They've managed to get some trusts there, but what a small deal! Let's face it: no-one wants to get between the Greens and getting access to money. Labor had to know it would be the price to meet with these guys—give the Greens a chance to increase taxes. They were going to take it, but I would have thought they would at least hold out for something a bit decent in that. They've got the bill done; they've got it through. Here we go.

In summary, just in governance—forget the methodology—none of their arguments hold up. It doesn't hold up when the Treasury documents say it will result in less housing. It doesn't hold up under any investment period as generational equity. We have diminished all of the democracy in Australia by doing this. Australians deserve better, and we will vote against this.

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