Jenny McAllister (NSW, Australian Labor Party, Assistant Minister for Climate Change and Energy) Share this | Hansard source

I simply wish to thank the members who have contributed to the debate. The Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 and the Treasury Laws Amendment (Cost of Living—Medicare Levy) Bill 2024 provide meaningful, sustainable cost-of-living relief and will deliver substantial tax reform to the tax system. They will support the hardworking Australians who keep our economy and our country strong. I am looking forward to the debate in the committee stage. It is important that we get these bills passed, because our tax cuts mean every taxpayer, no matter what they earn, will get a tax cut.

Eighty-four per cent of taxpayers will get a bigger tax cut, and that's more tax relief to help with cost-of-living pressures.

We are not just acknowledging that people are under pressure; we are doing something about it as well. With that, I commend the bill to the Senate. I look forward to the committee stage later today.