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Division

David Pocock I move: That the motion be amended as follows: At the end of the motion, add "and the provisions of Schedule 1 to the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 and the provisions of the Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 be referred to the Economics Legislation Committee for inquiry and report by 14 September 2026". Claire Chandler I move: Omit all words after "That", substitute: (1) That it be an instruction to the committee of the whole to divide the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 to: (a) incorporate Schedules 1 and 2 in a separate bill; and (b) add to that bill enacting words, provisions for titles and commencement, and a provision giving effect to the amending schedules. (2) That the bill incorporating Schedules 1 and 2 be referred to the Economics Legislation Committee for inquiry and report by 21 September 2026. I understand I can speak to that, so I will. I just want to be very clear here about exactly what the opposition is proposing. Senator Pocock's motion, which he has just moved, relates to incorporating schedule 1 into a separate bill and sending that off to further committee inquiry. Now, the opposition would like to see both schedule 1 and schedule 2 of the bill removed and, again, sent off to an appropriate Senate inquiry. I've said this before in the debate on these bills, and I will say it again. Schedule 1and schedule 2 will deliver a net tax increase to Australians—schedule 1 through changes to the capital gains tax and schedule two with changes to the negative gearing regime. As I said in my second reading speech yesterday, the coalition supports schedule 3 and schedule 4 of these bills simply because we will always support lower taxes. But we also want to see schedule 1 and schedule 2 of the bill, the schedules that contain the changes to negative gearing and to capital gains tax, referred to the Economics Legislation Committee for inquiry and report by 21 of September 2026. If

Senate, 2026-06-25. negative: ayes 23, noes 32.

Question

David Pocock I move: That the motion be amended as follows: At the end of the motion, add "and the provisions of Schedule 1 to the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 and the provisions of the Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 be referred to the Economics Legislation Committee for inquiry and report by 14 September 2026". Claire Chandler I move: Omit all words after "That", substitute: (1) That it be an instruction to the committee of the whole to divide the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 to: (a) incorporate Schedules 1 and 2 in a separate bill; and (b) add to that bill enacting words, provisions for titles and commencement, and a provision giving effect to the amending schedules. (2) That the bill incorporating Schedules 1 and 2 be referred to the Economics Legislation Committee for inquiry and report by 21 September 2026. I understand I can speak to that, so I will. I just want to be very clear here about exactly what the opposition is proposing. Senator Pocock's motion, which he has just moved, relates to incorporating schedule 1 into a separate bill and sending that off to further committee inquiry. Now, the opposition would like to see both schedule 1 and schedule 2 of the bill removed and, again, sent off to an appropriate Senate inquiry. I've said this before in the debate on these bills, and I will say it again. Schedule 1and schedule 2 will deliver a net tax increase to Australians—schedule 1 through changes to the capital gains tax and schedule two with changes to the negative gearing regime. As I said in my second reading speech yesterday, the coalition supports schedule 3 and schedule 4 of these bills simply because we will always support lower taxes. But we also want to see schedule 1 and schedule 2 of the bill, the schedules that contain the changes to negative gearing and to capital gains tax, referred to the Economics Legislation Committee for inquiry and report by 21 of September 2026. If

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