Senate debates Bills
Treasury Laws Amendment (Tax Reform No. 1) Bill 2026, Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026; In Committee
Katy Gallagher ACT, Australian Labor Party, Minister for the Public Service
12:35 pm
Yes, but we're replacing it. That is changing; that's the reform. It is moving from a flat 50 per cent concession to a concession that seeks to tax real gains after adjustments for inflation. I may be misreading this from you, but the idea that we're just removing something and not replacing it, or not having a different way of calculating the concession or the discount, is not correct.
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