Senate debates

Wednesday, 24 June 2026

Questions without Notice

Taxation Bills

2:52 pm

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

We are changing the discount available. That is what we are changing. We are also making sure it applies across all asset classes. I can't be any clearer than that. What I would say to you, Senator, is that this is part of a set of tax changes, both on capital gains and negative gearing and also on income tax, which represents one of the largest changes to Australia's tax arrangements in a generation. They will ensure that income from assets is taxed in a way that is analogous to income from work—

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