Name: Senate Economics Legislation Committee (part 1 of 2)
Uploaded: 2026-11-04T21:50:00+00:00
Duration: 21600 s

12:45 - 15:06

Speaker 6

I declare open this hearing of the Senate Economics Legislation Committee for the inquiry into the Treasury Laws Amendment (Tax Reform Number Three) Bill 2026, and the Income Tax Rate Amendment (Minimum Tax on Discretionary Trusts) Bill 2026. I begin by acknowledging the traditional custodians of the land on which we all meet and pay respects and I pay my respects to their elders past and present, and I spend extend that respect to Aboriginal and Torres Strait Islander people here today. The committee will be conducting today's hearing today's hearing by video conference and in person. And I believe that we have Senators Liddle and Senator Walker via video conference. If I have missed anyone, please shout out.

These are public proceedings being video streamed live via the parliament's website and a Hansard transcript is being made. I remind all witnesses that in giving evidence to the committee they are protected by parliamentary privilege, and it is unlawful for anyone to threaten or disadvantage a witness on account of evidence given to a committee, and such actions may be treated by the Senate as a contempt. It is 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 on which the objection is made and the committee will determine whether it will insist on an answer, having regard for the ground on which it is claimed.

If the committee determines to insist on an answer, a witness may request that the answer be given in camera. I remind all senators of their obligation under the behavior code for Australian parliamentarians to treat witnesses with dignity, courtesy, fairness, and respect. And I remind committee members and witnesses who are appearing via video conference, and who are not speaking, to mute their microphones. So I would now like to welcome representatives from the Chartered Accountants Australia and New Zealand, the Institute of Public Accountants, and CPA Australia. I understand 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 each please state your full name and the capacity in which you appear today? And perhaps we'll start with the Chartered Accountants of Australia representatives.

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