Senate debates

Thursday, 25 June 2026

Bills

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

12:51 pm

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

I don't know how we take things on notice in this process. There was advice provided following the committee inquiry hearings where this issue was raised, and I would expect that the costing—an indicative costing—would have come alongside or just after that. The Treasurer did say, in his media conference when announcing this, that it's an indicative costing and it will be updated in the Mid-Year Economic and Fiscal Outlook at the end of the year, as is normal for any decisions taken post-budget. We update them in the next economic update.

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