Senate debates
Wednesday, 24 June 2026
Questions without Notice
Taxation
2:00 pm
Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Hansard source
As the senator would know, we have replaced the 50 per cent capital gains tax discount with a new discount based on inflation for gains accruing from 1 July in 2027. Obviously that arrangement was clear in the budget papers. I have to say that I don't mind that people are interested in vintage cars, but I have to say that I'm not somebody who does collect vintage cars, but—
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