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
1:29 pm
Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) | Hansard source
Senator Cadell, cars and motor vehicles are exempt from CGT, and this includes vintage or classic cars. This is not changing. Those current arrangements apply. It's clear on the ATO website. An ATO determination sets out that even where a car is a collectable, it still remains a car for the purposes of this exemption, and any CGT is disregarded.
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