Senate Select Committee on the Operation of the Capital Gains Tax Discounts
22 February 2026
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Senate Select Committee on the Operation of the Capital Gains Tax Discounts Australian Parliament
00:00 - 01:56
Speaker 9
And so everyone good? Yep. Alright. Thank you. I declare open this hearing of the select...
The senate select committee on the operation of the capital gains tax discount. Start by acknowledging the traditional custodians of the land on which we meet and pay respects to elders past and present, and I extend that respect to Aboriginal and Torres Strait Islanders people here today. The committee will be conducting today's hearing in person and via teleconference via the parliament's website, and a Hansard transcript is being made. I remind senators of their obligations under the behavior code for Australian parliamentarians to treat witnesses with dignity, and respect. I remind all witnesses that in giving evidence to the committee, they are protected by parliamentary privilege.
It's unlawful for anyone to threaten or disadvantage a witness on account of evidence given to a committee, and such action may be treated by the senate as a contempt. It's also a contempt to give false or misleading evidence. Witnesses also have a right to request to be heard in camera. If a witness objects to answering a question, they should state the ground upon which the objection is made, and the committee will determine whether it will insist on an answer having regard to the ground which is claimed. If the committee determines to insist on an answer, a witness may request that the answer be given in camera.
I remind any committee members and witnesses who are appearing via teleconference to please mute their microphones when they are not speaking. I now welcome mister Bill Kelty. I understand, mister Kelty, that information on parliamentary privilege and the protection of witnesses giving evidence to senate committees has been provided to you. For the Hansard record, will you please state your full name and the capacity in which you
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