Jane Hume (Victoria, Liberal Party, Assistant Minister for Superannuation, Financial Services and Financial Technology) Share this | Hansard source

The issue raised by the Senate's proposed amendment is the subject of a recommendation in that committee report—the Senate Economics Committee's Corporate tax avoidance report, Part I—You cannot tax what you cannot see. The government, as I said, will respond to that recommendation as part of its response to the Senate Economics Committee's Corporate tax avoidance report.

Let me update the Senate to confirm that since the establishment of the task force that I referred to earlier, the ATO has in fact raised $17.2 billion in liabilities against public groups, multinationals, wealthy individuals and associated private groups, including trusts and aggressive tax planning.