Zed Seselja (ACT, Liberal Party, Assistant Minister for Treasury and Finance) Share this | Hansard source

Firstly, I'd like to thank those senators who have contributed to this debate. These measures are about addressing the growing economic and social problem of the black economy, as established in the Black Economy Taskforce's interim report as part of the 2017-18 budget. The black economy undermines community trust in the tax system. It gives some businesses an unfair competitive advantage, puts pressure on the margins of honest businesses and often includes the exploitation of vulnerable employees through the underpayment of wages and the loss of entitlements.