Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) | Hansard source

I'll see if there's anything further I can add to my earlier answer. I accept that there are complex interactions in any changes to tax arrangements. What we have tried to do with the drafting of this legislation is to make it as consistent as we can with the existing system and all of the different ways that various tax laws interact with each other. But I'm not sure there's anything else I can add. We have sought to protect the grandfathering arrangements to make sure that people are not penalised for the arrangements and the investments they made under the earlier system, and there are extensive grandfathering arrangements that have been put in place—that some have criticised us for for being too generous—to make sure that people aren't disadvantaged by the reforms going forward.