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

1:28 pm

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

My concern over the last 24 hours is about having to have older and historic cars valued before 1 July next year. I've got a mate, Nick, in Melbourne, who is rebuilding a HK Holden. It won't be together by 1 July next year. How do we go from a zero value on a car that is not built? Everyone knows every car restoration project becomes 'that one-year project is the best three years of your life'. How does he go about getting a value on something that's not built?

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