TFN Reporting Obligations for Trust Trustees
Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026
House of Representatives
Senate
Assent
Topics
charitable donations gambling research and development tax file numbers tax incentives taxation tobacco and vaping trusts
Introduced by: The Hon Dr Daniel Mulino MP (ALP)
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Debate
What different members said when this bill was debated:
Dr Daniel Mulino ALP
“I move: That this bill be now read a second time. This bill amends the Treasury legislation to support philanthropic giving and strengthen the integrity of tax administration systems. Schedule 1 to the bill removes the requirement that a donation to a deductible gift recipient be valued at $2 or more before the donor may claim an income tax deduction.”
Kevin Hogan NAT
“The coalition is not opposing this bill—the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026—in this chamber, but in the Senate we are looking to refer it to the economics committee for further scrutiny. The bill contains a range of technical tax measures. Many of the measures are sensible and many of them are non-controversial.”
Dr Andrew Leigh ALP
“I’m speaking today in my capacity as assistant minister for charities about schedule 1 of the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026. It is a measure which removes the $2 threshold for deductions of gifts or contributions. This threshold has a long and strange history. It goes back to 1915, when a minimum income tax deduction for giving was introduced.”
Dr RYAN
“Tax incentives for research and development activities are designed to back businesses to test new ideas and to innovate. These concessions encourage investment, help Australian companies to compete internationally and foster the kind of innovation that drives much-needed productivity growth throughout our economy.”
Jo Briskey ALP
“This legislation is about productivity—not productivity as a slogan but productivity as Australians experience it every day in how easy it is to comply with the tax system, to run a small business, to support a local charity or to innovate and invest for the future.”
Renee Coffey ALP
“One of the strengths of our national life is the quiet, steady work done every day by charities and not-for-profits in communities right across Australia.”
“I move: That all words after ”That” be omitted with a view to substituting the following words: ”whilst not declining to give the bill a second reading, the House: (1) notes that: (a) Australians lost $31.5 billion from gambling in 2022-23, making us the ’biggest losers’ globally; (b) the total estimated cost in Australia of smoking was estimated at $136.”
Rowan Holzberger ALP
“Debate on the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 gives me an opportunity to talk about the importance of charities in a working-class community like Forde, like the communities that we on this side of the House represent particularly. There are two groups of individuals I really want to give a shout out to. The first is Charlie and Jenny Bennett.”
“The housing market in Australia is broken, and many young Australians know that very well at the moment. When a nurse, a teacher, a childcare worker, a police officer or an ambulance officer pays more tax in our taxation system than someone who earns millions of dollars by simply buying and selling assets, then we know that there is an issue with our taxation system.”
“I always love the way that the Labor government words its legislation and the titles thereof, like ’Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026’, as though the public needs to be hoodwinked into thinking that there is trust involved in this budget—well, there’s no trust if you’re a farmer, if you’re a small-business owner, if you’re the average, everyday, ord…”
“I rise today to speak in support of the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026, which is another bill in support of the Albanese Labor government’s drive to strengthen the integrity of the tax administration system.”
“I understand that technical tax legislation might not be enthralling for everyone and might not be everyone’s cup of tea, but, like the member for Sturt, I think the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 is an important piece of legislation.”
Tim Ayres ALP
“I table revised explanatory memoranda relating to the Coal Mining Industry (Long Service Leave) Legislation Amendment Bill 2026 and the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026. I move: That these bills be now read a second time. I seek leave to have the second reading speeches incorporated in Hansard. Leave granted.”
Matthew Canavan NAT
“I rise to largely to indicate the coalition’s support for the measures in this bill. Much of it is relatively perfunctory and a clean-up job. I did want to begin, though, by saying there’s a little bit of a confusion. I’m a bit perplexed at some of the practices as to titling bills in this place. As I said, a lot of what’s in this bill is a clean-up job—and later I’ll come to some other measures.”
Lisa Darmanin ALP
“At first glance, the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 contains a number of technical amendments across Australia’s taxation laws, but collectively these reforms tell a much bigger story. They’re about ensuring Australia’s tax system keeps pace with the modern economy.”
“I rise to contribute to the debate on the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026.”
Kerrynne Liddle LIB
“Senator Canavan is right: the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 and the process that led to it coming into this place are nothing like the title of this bill. It was not efficient, nor should it be trusted. The name of the bill is deceptive, to say the least. The coalition, however, will not stand in the way of this bill’s passage.”
Jana Stewart ALP
“Philanthropy plays such a vital role in Australia’s society. Every day, charities, community organisations and non-profits provide support where it’s needed most.”