Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Link to this | Hansard source

I seek leave to move a motion relating to the hours of meeting and routine of business for this sitting period.

Leave not granted.

Pursuant to contingent notice, I move:

That so much of standing orders be suspended as would prevent me from moving a motion to provide for the consideration of a matter—namely, a motion to allow a motion relating to the hours of meeting and routine of business for this sitting period to be moved and determined immediately.

And I move:

That the question be now put.

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

The question is that the closure motion as put by Minister Wong be agreed to.

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

The question is that the suspension of standing orders be agreed to.

Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Link to this | Hansard source

I move:

That a motion relating to the hours of meeting and return of business for the sitting period may be moved immediately and determined without amendment or debate.

And I move:

That the question be now put.

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

The question is that the motion moved by Minister Wong be agreed to.

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

The question now is that the procedural motion moved by Minister Wong be agreed to.

Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Link to this | Hansard source

I move:

That—

(1) On Tuesday, 23 June 2026, divisions may not take place after 5.30 pm.

(2) On Wednesday, 24 June 2026:

(a) the hours of meeting be 9 am till adjournment;

(b) the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 and Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 be called on at

10.10 am;

(c) the routine of business following the consideration of any proposals under standing order 75 be consideration of the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 and Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 (second reading speeches only); and

(d) the Senate adjourn without debate at the conclusion of second reading speeches, at 10.30 pm, or on the motion of a minister, whichever is earlier.

(3) On Thursday, 25 June 2026:

(a) the hours of meeting be 9 am till adjournment;

(b) the question on the second reading of the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 and Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 be put at 10.10 am, and the consideration of the bills have precedence over all other business at the following times:

(i) from 10.10 am till 11.15 am, and

(ii) from the conclusion of formal motions or 12.15 pm, whichever is earlier, till 1.30 pm;

(c) the questions on all remaining stages of the following bills be put at

1.30 pm:

(i) Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026, and

(ii) Appropriation Bill (No. 5) 2025-2026

Appropriation Bill (No. 6) 2025-2026;

(d) divisions may take place between 1.30 pm and 2 pm and after 4.30 pm for the purposes of the bills; and

(e) the Senate adjourn without debate on the motion of a minister.

(4) On Monday, 29 June 2026:

(a) the hours of meeting be 10 am till adjournment;

(b) subject to paragraph (f), the routine of business from 10 am till 1.30 pm and following the consideration of any proposals under standing order 75 be government business only;

(c) the following bills be considered during government business for no more than 60 minutes each:

(i) Secrecy Provisions Amendment (Sunsetting Provision) Bill 2026

(ii) Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026

(iii) Treasury Laws Amendment (Financial Reporting System Reform)

Bill 2026

(iv) Workplace Relations Legislation Amendment (Building Cooperative Workplaces No. 1) Bill 2026

(d) following the conclusion of the total time allotted under paragraph (c) for the consideration of the bills listed in that paragraph, the questions on all remaining stages of the following bills be put:

(i) Secrecy Provisions Amendment (Sunsetting Provision) Bill 2026

(ii) Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026

(iii) Treasury Laws Amendment (Financial Reporting System Reform)

Bill 2026

(iv) Workplace Relations Legislation Amendment (Building Cooperative Workplaces No. 1) Bill 2026

(v) Treasury Laws Amendment (Fuel Excise Relief No. 2) Bill 2026

(vi) Treasury Laws Amendment (Business Registries Stabilisation and Uplift) Bill 2026

(vii) Appropriation Bill (No. 1) 2026-2027

Appropriation Bill (No. 2) 2026-2027

Appropriation (Parliamentary Departments) Bill (No. 1) 2026-2027

(e) divisions may take place after 6.30 pm for the purposes of the bills; and

(f) if the consideration of the bills listed in paragraph (d) concludes before 8 pm, the Senate return to its routine of business, otherwise the Senate adjourn without debate on the motion of a minister.

(5) Paragraphs 3(b) and (c) and 4(d) operate as limitations of debate under standing order 142.

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

The question is that the motion as moved by Minister Wong be agreed to.

Michaelia Cash (WA, Liberal Party, Leader of the Opposition in the Senate) | Link to this | Hansard source

by leave—Australia, guess what you've just witnessed? It's the dirtiest of dirty deals between the Albanese government and the Australian Greens to kill off aspiration in Australia. Gone are the days of the great Australian dream. It didn't matter who you were or where you came from. If you did the right thing, if you worked hard and if you saved your money—guess what?—you could actually get ahead in Australia. But the deal that has just gone through—shame on the government for dealing with the Australian Greens, because we all know the Australian Greens have never seen a tax they didn't like and then doubled it. And that is what we have just seen.

The government has just done a dirty deal to set up, in an expedited fashion, the passage of some of the most regressive tax reforms that this country has ever seen. To all those young people out there who've thought, 'I'd save hard, I'd open an account and I'd put my money away so that I could get a deposit on my home,' guess what? The deal has just been done for Mr Albanese to step in and take up to 47 per cent of it. So to every young person out there, I give you this commitment on behalf of a future coalition government: on day one of a future coalition government, we will bring in the legislation to get rid of these toxic taxes. Why? Because we believe in you. We believe that your hard work should mean that you can put money away to save a deposit to buy a home. If you're a business in this country, the Albanese government has the audacity to say to you, 'Stay small and these changes won't have much of an effect on you.' What an insult to every man and woman in this country, to every young person who's ever had a dream to open their own business, to be an entrepreneur and to say, 'I'm going to work hard. I'm going to build this business up. I'm going to employ people. I'm going to pay my taxes. And one day when I sell that business that I've built up through blood, sweat and tears, maybe I'll have a bit of money left over to see me into the next phase of my life.' Well, not under the dirty deal that's just gone through, because, Australia, what you have just witnessed is Mr Albanese saying, 'I am the Prime Minister that is officially going to end aspiration in this country.'

Colleagues, the bad news is we can't use the word 'lie' or 'liar' in the Australian Senate, so I would invite the Australian people to, if they've been told 50 times before the election, to the point where the Prime Minister snapped at journalists. How dare they ask him: 'If you are elected, will you change negative gearing?' 'No.' 'If you are elected, will you change capital gains tax treatment?' 'No.' And then guess what? He's changed his mind. And the bad news for Mr Albanese is this: every time you stand up now, the Australian people see a man who, whenever you open your mouth—you could say 'the sky is blue'—I'd say, 'colleagues, go out and check it because it does not matter what he says, it does not matter what comes out of his mouth—be careful Australia; he'll just change his position.' Australia, you'll be sitting there saying: 'But hey, hold on, 50 times before the election I was told by Mr Albanese that if I voted for him, he wouldn't touch negative gearing. I'd have the same advantage that he had in building up his property portfolio—$4.3 million home he's bought, plus all of the others—because he could utilise the negative gearing.' But Mr Albanese in good socialist fashion is going to deny other Australians the right to build up a property portfolio so they too can buy a $4.3 million home. That is gone.

As for capital gains tax, God help any Australian under the Albanese Labor government who actually wants to be aspirational , because Mr Albanese has made sure that, with the vote that has today gone through the Australian Senate, as of the end of this week, any hope of aspiration—you growing your business and being a success without the government stepping in and taking up to 47 per cent—is now gone. Shame on Labor, shame on the Greens. Day one of a Taylor of government, these taxes are being axed.