Sue Lines (President) Share this | Link to this | Hansard source

Pursuant to the order agreed to earlier today, the time allotted for debate on the bills has expired. I will now put the question before the chair and then put the questions on the remaining stages of the bills. I will begin with the second reading amendment circulated by One Nation.

One Nation's circulated amendment

At the end of the motion, add ", but the Senate:

(a) notes that:

(i) Australians have been incentivised to accumulate large balances in superannuation because of extremely punitive income tax rates,

(ii) the Government's spending crisis has led them to raid Australians' retirement savings,

(iii) the debate on these bills has been guillotined and fast-tracked in a dirty deal between Labor and the Greens,

(iv) One Nation agrees with the low income super tax offset threshold being raised to help low income earners and One Nation's vote against these bills is not in opposition to this measure,

(v) superannuation belongs to Australians, it's their money and they should be able to direct it where they see fit,

(vi) One Nation policy calls on Australians to be able to invest their superannuation in a person's primary residence,

(vii) the Government is attempting to tax its way out of its own economic mismanagement instead of tackling spending blowouts and productivity,

(viii) superannuation was brought in to incentivise retirement and changes create uncertainty for long-term planning,

(ix) fees charged by union aligned superannuation funds that donate to Labor are exorbitant and decrease Australians' superannuation investments, and

(x) raising punitive taxes incentivises wealth leaving Australia; and

(b) calls on the Government to:

(i) implement comprehensive tax reform and reduce income tax paid by all Australians,

(ii) ensure any revenue raised from new taxes under these bills is directed to reducing income tax paid by Australians, and

(iii) get its spending under control, instead of raiding Australians' retirement savings".

Claire Chandler (Tasmania, Liberal Party, Shadow Minister for the Public Service) Share this | Link to this | Hansard source

I ask that the question be put separately on paragraphs (a)(iv) and (vi).

Sue Lines (President) Share this | Link to this | Hansard source

We are beginning with the second reading amendment circulated by One Nation, but Senator Chandler has asked for the matter to be split. At this point, we are dealing with parts (a)(iv) and (a)(vi). The question is that parts (a)(iv) and (a)(vi) be agreed to.

Sue Lines (President) Share this | Link to this | Hansard source

The question is that the remainder of the second reading amendment circulated by One Nation be agreed to.

Sue Lines (President) Share this | Link to this | Hansard source

The question is that these bills be now read a second time.

Sue Lines (President) Share this | Link to this | Hansard source

I will now deal with the committee of the whole amendments to the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026, starting with the amendment circulated by Australia's Voice. The question is that amendments on sheet 3643 be agreed to.

Australia's Voice's circulated amendment—

(1) Schedule 3, page 61 (before line 5), before item 1, insert:

1A Subdivision 290-D

Repeal the Subdivision.

1B Section 291-1 (paragraph beginning "You can carry forward")

Repeal the paragraph.

1C Subsections 291-20(3) to (7)

Repeal the subsections.

(2) Schedule 3, page 61 (after line 24), after item 2, insert:

2A Application of amendments — spouse contributions and unused concessional contributions

The repeal of the following provisions of the Income Tax Assessment Act 1997 by this Schedule applies in relation to the 2026-27 income year and later income years:

(a) Subdivision 290-D;

(b) subsections 291-20(3) to (7).

(3) Schedule 3, page 62 (line 1), omit "Application of amendments", substitute "Application of amendments—other".

(4) Schedule 3, page 62 (after line 6), at the end of the Schedule, add:

5 Subsection 995-1(1) (definition of unused concessional contributions cap )

Repeal the definition.

Question negatived.

The question now is that schedules 1 to 3 of the Treasury Laws Amendment (Building a Stronger and Fairer Super System) Bill 2026 stand as printed.

Sue Lines (President) Share this | Link to this | Hansard source

As the last question was resolved in the affirmative, the consequential amendment remaining on sheet 3690 will not be put. The question now is that the remaining stages of the bills be agreed to and the bills be now passed.