Senate debates

Monday, 29 June 2026

Questions without Notice

Budget

2:43 pm

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

The tax reform includes a range of other measures. There is $3.8 billion of investment into businesses: the R&D tax incentive, the venture capital arrangements, the instant asset write-off—a whole range of areas in this tax reform package that are about investing in innovation, dynamism and supporting investment; all of those. I would also say that what we've done here is make sure that working Australians, those that earn their income through wages, are getting a better deal through tax cuts. And it's right, Senator Bell—if you earn your income through wages, why should you be paying more than someone who earns their income from assets? Why? What we're doing is making sure that it's a much fairer system.

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