Shadow Assistant Minister for Competition, Charities and Treasury – Media Release – Not For Profits Slam Dismissive Government Over Bungled Tax Regulation Rollout

SENATOR DEAN SMITH SHADOW ASSISTANT MINISTER FOR COMPETITION, CHARITIES AND TREASURY SENATOR FOR WESTERN AUSTRALIA MEDIA RELEASE 22 October 2024 NOT FOR PROFITS SLAM DISMISSIVE GOVERNMENT OVER BUNGLED TAX REGULATION ROLLOUT Not for profit organisations have vented their frustration at the Australian Taxation Office and Labor’s implementation of new tax requirements, labelling the Government “dismissive” and “out of touch”. A Senate Economics References Committee inquiry into the issue, established by Senator Dean Smith, held a public hearing in Canberra today – with witnesses including the ATO, Australian Charities Not for Profits Commission, the Law Council of Australia, Community Council of Australia and representatives of negatively impacted not for profits. The regulations require non-charitable not for profits to lodge an annual return to confirm their tax exemption eligibility. Representatives of Agricultural Shows Australia, Stonnington Scottish Country Dancers and various Landcare Groups told the hearing how the administrative burden caused by poor implementation have put the survival of their much loved community organisations in jeopardy. Their volunteer office bearers were, at best, forced to seek professional advice and, at worst, considering winding up their operations. The Australian Multicultural Action Network noted the reliance on paper forms and lack of an accessible online portal, both characteristics of the ATO’s rollout, presented a difficult learning curve for new members. Very few agreed with the ATO’s claim that the burden will ease considerably in future years thanks to a form with pre-filled details, arguing the high volunteer turnover common in the sector will require most of the work to be updated annually. The Community Council of Australia said organisations had repeatedly told the Government how damaging failed implementation the new requirements would be, but their concerns went unheard. “You call that a consultation, I call that a dismissive approach to our sector”, CEO David Crosbie told ATO officials. It’s a broader sign of the Albanese Government’s negligent approach towards the not for profit sector, who it meets with but whose message it fails to understand and act upon. The hearing was told relevant Minister Andrew Leigh has so far ignored both a letter of concern from the Law Council of Australia and requested assurances by the Community Council of Australia. In bizarre contrast to evidence from the sector and peak bodies, the ATO highlighted various initiatives being taken to “simplify and streamline” the process, noting it was “proud” of progress so far. Senator Smith observed to ATO officials that there was “a complete misfit between what the not-for-profit sector is telling us … and what the ATO is doing”. Clearly, there is an unsustainable disconnect between the ATO’s perception of their responsiveness to the sector and the sector’s experience. It is incumbent on Andrew Leigh and the Albanese Government to address that disconnect. The Senate Inquiry is due to report at the end of this month. ENDS

Shadow Assistant Minister for Competition, Charities and Treasury – Media Release – Grocery Pain Confirmed by Senate Inquiry and Charity Report

SENATOR DEAN SMITH SHADOW ASSISTANT MINISTER FOR COMPETITION, CHARITIES AND TREASURY SENATOR FOR WESTERN AUSTRALIA MEDIA RELEASE 15 October 2024 GROCERY PAIN CONFIRMED BY SENATE INQUIRY AND CHARITY REPORT The Albanese Government’s failure to bring down grocery prices and the hardship it is causing Australian households dominated the recent Senate Cost of Living Committee hearing – and the evidence was today reinforced by the 2024 Foodbank Hunger Report. At the hearing in Canberra last week, Senator Dean Smith asked witnesses if any of the five major initiatives announced by Labor to reduce check-out costs would actually work. Labor policy failing or too late Those initiatives are the Emerson Review, ACCC Supermarkets inquiry, Merger Reforms, and changes to the Unit Pricing and Food and Grocery Codes, would have any material impact in reducing food and grocery prices. After a long pause, Coles and Woolworths representatives indicated they would work on reducing prices for consumers “irrespective of what the Government is proposing or not proposing”. It clearly indicated that the major supermarkets place little stock in the potential of Labor’s policies. ACCC and Treasury officials confirmed that the Albanese Government’s competition and consumer protection reforms are very far from implementation – with most not in place until late 2025 at the earliest. In fact, the ACCC noted that major competition issues, including persistent barriers to entry like high establishment costs and logistics arrangements, remain under-addressed by Labor’s proposals. This means that as shoppers approach the financially demanding Christmas holidays, they won’t be receiving any relief at the till from Labor’s policies. Turning to Unit Pricing and ‘shrinkflation’, Senator Smith referenced the example of a $4.50 box of Coles Brand Mighty Grain Cereal that contained 560g of cereal in October 2022, but only 495g in March 2024. Coles and Woolworths admitted shrinkflation is being noticed by customers, who are forced to pay more attention to unit-pricing to get maximum value from their weekly shop. And not only shoppers are suffering – Master Grocers, which represents independent grocers, said Labor’s proposed amendments to the Unit Pricing Code wrap smaller operators in red tape they are ill-equipped to manage during the cost-of-doing-business crisis. Foodbank Hunger Report 2024 It comes as Foodbank released its annual Hunger Report today, highlighting food security in Australia has now reached “a critical point”. The Report found 32 percent – or 3.4 million – Australian households experienced food insecurity this year, while the rate for low-income households was up to almost half, or 48 percent. Case studies note that the cost-of-living cris has seen the price of everything rise, while salaries have not and they are struggling desperately as a result. And the level of hardship is also more severe, with Foodbank reporting households are skipping meals, reducing portion sizes and even going days without eating. Critically, 2024 has been the first year in which many Australians have experienced food insecurity, with 74 percent of impacted households going hungry for the first during the last 12 months. The only conclusion is that the Albanese Government’s core supermarket price initiatives are either failing, or will be delivered too late, to ease pressure on Australian shoppers or small businesses – and that this is occurring as twin cost-of living and cost-of-doing-business crises are seeing record amounts of Australians unable to put food on the table. Comments attributable to Senator Dean Smith: “Labor’s five core proposals to deliver cost-of-living relief at the check-out are too little too late for shoppers or being shrugged off by stakeholders, with no material change to prices in sight.” “The Albanese Government’s changes to the Unit Pricing Code risk making business much harder for small grocers – not to mention their customers.” “Now the 2024 Hunger Report reveals nearly half of low-income households are food insecure, with the severity of that insecurity worse than ever.” “Yet again, Labor has dragged its heels in delivering policy with tangible outcomes that make life easier for consumers and Jim Chalmers and Andrew Leigh must explain why.” ENDS

Jmr – Howarth & Smith – Albanese Government Capitulates In Its War With Local Accountants And Bookkeepers

The Hon Luke Howarth MP Shadow Assistant Treasurer Shadow Minister for Financial Services Senator Dean Smith Shadow Assistant Minister for Competition, Charities, and Treasury MEDIA RELEASE 9 October 2024 ALBANESE GOVERNMENT CAPITULATES IN ITS WAR WITH LOCAL ACCOUNTANTS AND BOOKKEEPERS The Albanese Labor Government has relented on controversial new obligations it lobbed at Australia’s 72,000 tax practitioners in July. It should not take the threat of two disallowance motions, from both the Coalition and the Senate crossbench, to bring the Assistant Treasurer to the table to consult on regulation in good faith. After repeatedly dismissing outrage from tax practitioners and insisting the regulation was “a modest set of obligations”, the Assistant Treasurer capitulated and finally admitted the regulation was defective and that significant changes were required after a Senate vote on disallowance was negatived 31 votes to 31 votes last month. The Government has since scrambled to fix this botched regulation, with it continuing to be rewritten up until the eleventh-hour yesterday. With just hours before imminent disallowance, the Assistant Treasurer signed off on a new instrument and backed down at the last minute, once again. The Assistant Treasurer commenced public consultation, for a period of just five business days, eleven weeks after the Tax Agent Services (Code of Professional Conduct) Determination 2024 was made law. This is bad government and not a standard tax practitioners and their professional bodies should accept. It is also more costly red tape for small businesses which will be passed on to their clients at a time they can least afford it. The rewrite makes minor improvements to the most contentious aspects of the regulation. Although this might make compliance slightly easier for large firms, small firms and individual practitioners will still be left with an unnecessary and burdensome compliance nightmare. These smaller tax practitioners remain distraught, disappointed and fed up with how the Government has treated them. They do not want this new red tape in any form and do not accept the Government’s last-ditch attempt to “fix” this flawed regulation. It’s too little, too late and only a Coalition Government would entirely reverse these regulations and unwind this attack on local accountants, bookkeepers and tax agents from Labor and the Greens. ENDS

Littleproud, Taylor & Smith – JMR – Grocery competition go slow an indictment on a distracted government

THE HON DAVID LITTLEPROUD MP Leader of the Nationals Shadow Minister for Agriculture Member for Maranoa THE HON ANGUS TAYLOR MP Shadow Treasurer Member for Hume SENATOR DEAN SMITH Shadow Assistant Minister for Competition, Charities and Treasury Senator for Western Australia MEDIA RELEASE Monday, 23 September 2024 GROCERY COMPETITION GO SLOW AN INDICTMENT ON A DISTRACTED GOVERNMENT Today’s delayed release of draft legislation to reform the Food & Grocery Code – more than three months after the government’s hand picked reviewer recommended it – shows that Labor has been distracted and divided on the cost of living. The panicked release of today’s draft legislation – which is unlikely to be legislated before the next election – is a clear demonstration of a government that is always on the backfoot. Australian families are paying the price for Labor’s failure on inflation and on competition policy. Since Labor came to office, prices have increased 10.2% and real wages have fallen by 3.3%. It is clear that the announcement of legal action against Coles and Woolworths by the ACCC should concern all Australian consumers. While it is important legal processes be allowed to run to their conclusion, the allegations if true are a damning indictment on a market sector that Australian families and farmers rely to act in good faith. In June, the Coalition announced a comprehensive package to deal with anti-competitive behaviour in the supermarket sector introducing: a Supermarket Commissioner, who will act as an impartial confidential avenue for farmers and suppliers infringement notices $2 million for contraventions of the code; and divestiture powers to address serious allegations of land banking, anti-competitive discounting, and unfairly passing costs onto suppliers Shadow Treasurer Angus Taylor said the Albanese Labor Government has been missing in action when it comes to the cost of living. “Labor has lost control of inflation, lost control of the economy, and lost control of its own legislative agenda. “The Coalition has been calling for stronger competition laws in our supermarket sector since the election, yet Labor has failed to act – delaying the Food & Grocery Code review and having now failed to implement its recommendations after three months. The Coalition is committed to delivering competition policy which supports consumers and smaller businesses, not lobbyists and big corporations.” Leader of the Nationals David Littleproud said the announcement today by the Prime Minister was too little too late and that there are Australians tonight who won’t eat because this government has been too slow to act. “The proposed code changes don’t come into effect until April 2025 and don’t go far enough with infringement notice penalties of just $187,700 compared to the Coalition’s $2 million. “The cost of living crisis is now not next year. “If this is the best the Prime Minister can do then he doesn’t understand the pain families and farmers are feeling now.” Shadow Assistant Minister for Competition Senator Dean Smith said only the Coalition has a genuine competition reform agenda. “Competitive markets benefit everyone by ensuring lower prices, creating more employment opportunities, and fostering innovation. “The Coalition’s policy for stronger penalties for anti-competitive behaviour will align Australia with our major trading partners, ensuring Australians get a fairer go.”   ENDS.

Shadow Assistant Minister for Competition, Charities and Treasury – Media Release – Not-for-profits given a voice on ATO rule changes

SENATOR DEAN SMITH SHADOW ASSISTANT MINISTER FOR COMPETITION, CHARITIES AND TREASURY SENATOR FOR WESTERN AUSTRALIA MEDIA RELEASE 18 September 2024   NOT-FOR-PROFITS GIVEN A VOICE ON ATO RULE CHANGES In a win for Australian not-for-profit organisations, a Senate inquiry will scrutinise the Albanese Government’s bungled implementation of new tax requirements. A motion introduced by Senator Dean Smith on behalf of the Coalition passed the Senate unopposed today. The Senate Economics References Committee will hold a public hearing into how ATO reporting obligations are impacting more than 155,000 non-charitable not-for-profit groups. Under the rules, they must lodge returns with the ATO to continuing their eligibility for income tax exemptions. These not-for-profits are often small organisations like sporting clubs or Landcare groups. Their focus is on delivering services and support to their local communities, and they have limited capacity to deal with regulatory burdens. They are facing confusion and frustration because of Labor’s mismanagement of these reporting requirements, causing many to consider either registering as a charity to guarantee their tax exemption or cease their activities altogether. Stakeholders have described a chaotic rollout process, characterised by vagueness and poor communication. Landcare Victoria’s Claire Hetzel is quoted in the Institute of Community Directors newsletter as saying that there is “confusion around what the definition of a charity is”. Ms Hetzel observed many groups are struggling to get their ABN details corrected to meet the new requirements, while others have received conflicting information from the ATO. The inquiry provides a long overdue forum for not-for-profits to share more of these experiences, as well as calling representatives of the ATO and other Government agencies. It is due to report on its findings by 31 October. Comments attributable to Senator Dean Smith: “This motion is the result of growing concerns raised with me by anxious, sometimes angry, not-for-profits across Australia.” “­The Coalition recognises how flawed Labor’s implementation of these reporting requirements has been – and how it is sapping the energy and motivation of organisations whose communities rely on them. “Running a not-for-profit should be encouraged by ensuring administrative obligations are straightforward and well managed by Government – and this is currently having the opposite effect. “I look forward to working with colleagues and stakeholders to explore how to deliver better outcomes for the not-for-profits sector.” ENDS

Shadow Assistant Minister for Competition, Charities and Treasury – Opinion Piece – The West Australian – We’re worse off than in GFC

SENATOR DEAN SMITH SHADOW ASSISTANT MINISTER FOR COMPETITION, CHARITIES AND TREASURY SENATOR FOR WESTERN AUSTRALIA OPINION PIECE – THE WEST AUSTRALIAN 18 September 2024 WE’RE WORSE OFF THAN IN GFC Remember 2008? It was the year the iPhone was first released in Australia, the ABC first aired Q&A, and Federal Parliament heard its first welcome to country. It was also the peak of the Global Financial Crisis, the year that Lehman Brothers infamously collapsed, and a time of worldwide economic uncertainty. Australia was not immune to the shockwaves of that crisis – characterised by business closures, layoffs, and crippling financial pressure on households. For many, Labor’s current cost-of-living crisis and our stagnating economy will bring back memories of that time nearly two decades ago. But what if I told you that, across many metrics, Australians are actually worse off today than they were during the GFC? These statistics will surprise you. GDP growth was at 2.9 per cent in 2008, this year it is at one per cent – the slowest rate of growth since the 1990s recession. The average household’s saving ratio was at 2.8 per cent. Today it is just 0.9 per cent. In 2008, amidst one of the worst financial meltdowns the world has ever seen, household debt as a share of income was 164 per cent. In 2024 it is 20 per cent higher, at 185 per cent. Perhaps the most alarming comparison is the number of business insolvencies. Last financial year 1,000 WA businesses failed, victims of Labor’s tandem cost-of-living and cost-of-doing business crises. Today’s figures are double what they were in 2008. That’s right, there have been twice as many insolvencies in WA this year than at the height of the GFC. It’s on a more modest scale at a national level, but still concerning, with 10,000 businesses insolvencies in 2008 compared to 11,000 this year. Even the best spin doctor on Treasurer Jim Chalmers’ team could only argue that these national figures are about equal. Imagine being ‘on par with GFC levels’ as a best-case economic scenario. That’s where Jim Chalmers and Labor find themselves now – and unfortunately they’re taking Australians with them. These statistics uncover a damning reality for the Albanese Labor Government: Australians are, across multiple measures, doing worse than they were during the peak of the Global Financial Crisis. They’re keeping less of what they earn, they’re in greater debt, and they’re working in and trying to run businesses that are struggling to stay afloat. This isn’t because Australians can’t manage their money, they can. It’s because Labor can’t manage the nation’s money. And Australians are struggling to make ends meet in an economy held in a vice-like grip by Labor’s sticky, homegrown inflation. This reality appears to be unnerving the Treasurer, who has started resorting to personal attacks against Peter Dutton, attempting to shift blame to Reserve Bank of Australia Governor Michelle Bullock, and generally deflecting responsibility for Australia’s economic woes. It’s quite an unravelling from a man who came into the job as a self-confident economic philosophiser, publishing essays about how he was going to “transform” Australian capitalism. If he pulled his head out of the clouds, Jim Chalmers would see that this Government’s policies have indeed transformed our economy – just not for the better. The sad result of Labor’s economic mismanagement is that we have lost our status as the “lucky country”. We were once the exception to the rule, the envy of the world, weathering economic storms from commodity price shocks to Asia-Pacific regional disruptions, even the GFC. In fact, whilst Australia’s economy took a hit in 2008, it was still ahead of most developed economies by almost any measure. Successive Budget surpluses delivered during the Howard years, and key reforms like the GST, paved the way for Australia to avoid a recession during the GFC – one of the only nations to do so. As then RBA Governor Glenn Stevens said at the time, “there would be very few countries, if any, which would not envy Australia’s fiscal position”. Now, Australia is the exception for all the wrong reasons. Our inflation rate is higher than all the G7 nations, including the UK, USA, Germany, Japan, Italy, Canada and France. Our rate of economic growth is lower than the average of the world’s advanced economies and we are experiencing a per capita recession. Worst of all, the gap between our savings ratios and that of other developed economies has widened to a chasm – the average Australian household is saving 3 per cent less than those in the US, 10 per cent less than the UK, and nearly 15 per cent less than the EU. Australians deserve better. For decades, we have come to expect a certain way of life. Now Labor and its fiscal incompetence are risking it, failing to meet the high standard we rightly expect of an Australian Government. So it’s no surprise that the latest Essential polling data shows 52 per cent of Australians think the country is headed in the wrong direction, and other polls this month have recorded a majority two-party preferred preference for the Coalition. Despite their best efforts, the public knows that the buck stops with the Treasurer and the Albanese Government. Fifty-one pre cent of voters believe the Government is primarily responsible for getting a lid on inflation – with only 27 per cent blaming the RBA. It has failed to deliver on its promises, failed to manage the economy, and sent our nation in the wrong direction. It’s time to get the economy and the country back on track – and only a Coalition government will do it.

Shadow Assistant Minister for Competition, Charities and Treasury – Media Release – RBA figures confirm east coast mortgage stress

SENATOR DEAN SMITH SHADOW ASSISTANT MINISTER FOR COMPETITION, CHARITIES AND TREASURY SENATOR FOR WESTERN AUSTRALIA MEDIA RELEASE 16 September 2024 RBA FIGURES CONFIRM EAST COAST MORTGAGE STRESS Ballooning property prices, combined with 13 interest rate rises since Federal Labor came to power, have resulted in a significant increase in mortgage holders falling behind on their repayments. Senator Dean Smith recently obtained exclusive mortgage arrears figures from the Reserve Bank of Australia. They reveal the extent to which Australians across the nation are struggling through the Albanese Government cost of living crisis – with more and more households unable to cover their expenses. Australia’s most populous states, New South Wales and Victoria, are among the worst affected. In fact, Victoria tops the list of Australian states with the biggest share of borrowers in 90 days arrears at 0.67%, which is an 81% increase in the last year. New South Wales was the third highest at 0.57%, increasing 83% in 12 months – an ever faster rate than Victoria. The complete figures for all Australian states are: Share of borrowers in 90-day arrears (%)   NSW   VIC   QLD  WA    SA   TAS 2023 0.31  0.37  0.29  0.43  0.33  0.29 2024 0.57  0.67  0.47  0.62  0.54  0.50 Source: RBA   New South Wales and Victoria are home to eight of the top localities in Australia with the highest level of mortgage stress, including Tullamarine (17.9%) and Merrylands/Guildford (15.9%). These widespread levels of financial pressure are also underlined by the latest housing affordability figures from the Real Estate Institute of Australia, which reveal that about half the average family income in the two states is needed to meet loan repayments. The impact is compounded by the fact that 63% of fixed loans in New South Wales, and 64% in Victoria, are set to expire this year. It means borrowers that took advantage of low interest rates during the pandemic, with no anticipation of the interest rate increases triggered by Labor’s economic mismanagement, are now on the cusp of a significant financial burden. Add to this marked housing price inflation, where the median price of a house in Sydney has jumped to $1.4 million, while in Melbourne it is nearly $1 million. These factors are combining to create a perfect storm for homeowners – and potential buyers. It is the reality for Australians under the Albanese Government. Quotes attributable to Senator Dean Smith: “This data from the RBA shows that a bad situation is getting even worse on Labor’s watch.” “There are thousands of homeowners who cannot keep up with higher mortgage repayments on top of other cost of living expenses.” “The numbers in Victoria are especially concerning, but it’s the rate of increase in both Victoria and New South Wales – more than 80% in year – that indicates how serious this is getting and how quickly its occurring.” This is the direct result of the Albanese Government’s failure to curb homegrown inflation, leaving the RBA to do the heavy lifting, as well as the stagnating economic growth, housing shortage and other policy failures we’ve come to expect from Labor.” ENDS

JMR – Howarth & Smith – Albanese Government Refuses To Ditch Red Tape For Local Accountants And Bookkeepers

The Hon Luke Howarth MP Shadow Assistant Treasurer Shadow Minister for Financial Services Senator Dean Smith Shadow Assistant Minister for Competition, Charities, and Treasury MEDIA RELEASE 11 September 2024 ALBANESE GOVERNMENT REFUSES TO DITCH RED TAPE FOR LOCAL ACCOUNTANTS AND BOOKKEEPERS The Albanese Labor Government has teamed up with the Greens and Senator David Pocock to block the Coalition’s attempt to throw out onerous new regulations for local accountants, bookkeepers and tax agents. Eight Senate crossbenchers yesterday joined the Coalition to vote in support of a disallowance motion which would have nullified the Tax Agent Services (Code of Professional Conduct) Determination 2024. On the floor of the Senate, the Government capitulated and finally admitted the regulation is defective and significant changes are required. It remains to be seen whether the Assistant Treasurer will deliver on these piecemeal changes or backflip yet again. With these embarrassing, last minute concessions it is now another deal with the Greens that has blown up in the Government’s face. The Government’s approach to consultation, communication and stakeholder management on these regulations has been bizarre and disrespectful. Nine weeks after making this law, the Assistant Treasurer finally started consulting directly with industry stakeholders just hours before it was set to be disallowed. This desperate attempt to salvage the regulations came after Stephen Jones had repeatedly told tax practitioners their serious concerns were unfounded, and the new regulation was ‘modest’. It’s too little, too late and a Coalition Government would entirely reverse these regulations and unwind this attack from Labor and the Greens. Shadow Assistant Treasurer and Shadow Minister for Financial Services Luke Howarth said this is bad government and the grassroots advocacy campaign from local tax practitioners has been effective and should not stop. “These are small and family businesses who are some of the most trusted members of our community and they should be treated with respect. The Albanese Government has left them distraught and wondering whether they should stay in the profession. 72,000 tax practitioners, many small or individual practices, have been burdened with bad regulation in response to the sins of a few partners at PWC. A local BAS agent in North Lakes is very different to an international tax partner at PWC. These new regulations are unnecessary and will drive up costs for individuals and small businesses who rely on and trust tax professionals to help manage their financial affairs.” Shadow Assistant Minister for Competition, Charities, and Treasury Senator Dean Smith said the Government’s eleventh-hour concessions were a sign of a desperate Government operating in crisis mode. “With the support of eight Senate crossbenchers and the entire tax practitioner community, we have sent a clear message to the Government about these far-reaching and poorly drafted regulations. The ten leading professional associations have come together to repeatedly support the disallowance motion and secure multiple backdowns and concessions from the Government. The Government’s chaotic process has been worst-practice consultation, communication and policymaking and the thousands of local accountants and bookkeepers who have been left reeling deserve better.” Background The Tax Agent Services (Code of Professional Conduct) Determination 2024 (the Determination) is a disallowable instrument made on 2 July 2024 which imposes new obligations on registered tax practitioners. The Determination has received significant criticism from the peak professional accounting and tax practitioner bodies and has been subject of a campaign from accountants, bookkeepers and tax agents to have it withdrawn or disallowed. Chartered Accountants Australia and New Zealand, CPA Australia, Institute of Public Accountants, The Tax Institute, Australian Bookkeepers Association, Institute of Certified Bookkeepers, Institute of Financial Professionals Australia, Financial Advice Association of Australia, NTAA PLUS and SMSF Association (collectively the Joint Bodies) wrote to the Assistant Treasurer on 15 July 2024 to express strong concerns about the construct and implications of the provisions of the determination. The Joint Bodies again wrote to the Assistant Treasurer on 9 August 2024 to advise that proposed changes to the start date had not alleviated their concerns with the Determination and the significant compliance burdens and uncertainties on small tax professional businesses. These stakeholders continued to call for it to be withdrawn or disallowed and took out a full-page advertisement condemning the regulations on 5 September and wrote the Prime Minister. A vote on the disallowance motion, moved by Senator Dean Smith on 10 September, was negatived in a tied 31-31 vote in the Senate. Crossbenchers David Pocock and Lidia Thorpe, Labor and the Greens voted against disallowance. In a one-minute statement on the disallowance motion, the Government admitted further changes and public consultation would be required and sought to delay it. The new legislative power used by the Assistant Treasurer to make the Determination was part of Treasury Laws Amendment (2023 Measures No. 1) Bill 2023 which was passed in late 2023 as part of a deal with the Greens to ensure the passage of Labor’s franking credit reforms. Senator Barbara Pocock announced at the time that the Greens had secured the relevant amendments, and the Determination would follow. ENDS

Shadow Assistant Minister for Competition, Charities and Treasury – Media Release – Coalition to pursue Labor in the Senate over Census chaos

SENATOR DEAN SMITH SHADOW ASSISTANT MINISTER FOR COMPETITION, CHARITIES AND TREASURY SENATOR FOR WESTERN AUSTRALIA MEDIA RELEASE 6 September 2024 COALITION TO PURSUE LABOR IN THE SENATE OVER CENSUS CHAOS The Albanese Government’s chaotic mismanagement regarding questions in the upcoming Census, and the internal divisions it is exposing, risk undermining public confidence in the entire Census process. Labor’s unpredictability is also generating needless anxiety for many Australians. Shadow Assistant Minister for Competition, Charities and Treasury Senator Dean Smith intends next week to call on the Government to release all correspondence and other documents between the Australian Bureau of Statistics, responsible Minister Andrew Leigh, the Treasurer and the Prime Minister in relation to Census preparations. In the meantime, Senator Smith has written to ABS Chief Statistician Dr Gruen requesting a briefing from officials that is yet to be confirmed. Major questions remain unanswered, including: What is the status of the testing of new and changed questions on religious affiliation? What is the status of other new questions that were being considered, among them Aboriginal and Torres Strait Islander cultural identity and a question regarding Australians relocating over 12 months – which is important in the context of housing supply? When will details of questions regarding gender, sexual orientation and variations of sex characteristics be released? Is Labor considering reversing the ABS decision in the phase one consultation process not to progress with questions on ethnic identity, additional measure of disability, shared care of children, dwelling occupancy status, household energy use and the impact of impact of natural disasters? Recent events also raise serious concerns about the appropriateness of the Prime Minister, or anybody in the Albanese Government, intervening in the work of an independent statutory authority. Andrew Leigh has failed to provide an explanation for what is occurring and there has been no official correspondence, or even a media statement, justifying Labor’s actions. The Coalition will now use the full powers of the Senate to hold the Government to account over its bungling of this major aspect of Australian life. Quotes attributable to Senator Dean Smith, Shadow Assistant Minister for Competition, Charities and Treasury: “Labor’s confused and nontransparent approach to the 2026 Census has turned up more questions than answers.” “Prime Minister Albanese and his Government have jeopardised public confidence in the Census process and left Australians in the dark about how important questions will be handled.” “Labor’s mismanagement has also shown a lack of sensitivity to those awaiting the status of questions relevant to them – among them Indigenous Australians, members of the LGBTQI community and grandparent carers.” “Any Labor intervention in the work of an independent statutory authority is unacceptable and the Coalition will pursue it in the Senate until it takes its obligations seriously.” ENDS

Shadow Assistant Minister for Competition, Charities and Treasury – Media Release – Too little, too late – Labor’s competition attempts fall short

SENATOR DEAN SMITH SHADOW ASSISTANT MINISTER FOR COMPETITION, CHARITIES AND TREASURY SENATOR FOR WESTERN AUSTRALIA MEDIA RELEASE 27 August 2024 TOO LITTLE, TOO LATE – LABOR’S COMPETITION ATTEMPTS FALL SHORT Australians are paying a high price for the Albanese Government’s inability to deliver genuine competition reform. The Aviation White Paper and National Competition Policy Consultation Paper, both released yesterday, are powerful examples of how little Labor has achieved in this policy area. Consumers have waited a long time for both desperately needed airline traveller protections and the “revitalising” of now inadequate competition policy. That wait has been in vain, with the Albanese Government again leaving them disappointed – and vulnerable. This maintains Treasurer Jim Chalmers and Assistant Competition Minister Andrew Leigh’s track record of missed opportunities when they are most critical. The more Australians need something, the less attention Labor gives it. Aviation White Paper Despite making more than 50 recommendations, most notably establishing a taxpayer-funded ombudsman to hear complaints, the White Paper does not provide any practical improvement to the situation facing airline consumers. These include high ticket prices, flight cancellations, delays, lost baggage and other consequences of Australia’s duopolistic air industry – none of which are specifically addressed. Worst of all, no provision is made for the compensation of affected consumers. As has already been pointed out, this is a feature of the Pay on Delay Bill, introduced into the Senate on behalf of the Coalition by Senator Bridget McKenzie and Senator Dean Smith. The only meaningful initiative listed is the ongoing ACCC monitoring of the airline sector, although the White Paper fails to mention that Labor only reinstated this Coalition policy because it was forced to by another Private Senator’s Bill from Senators McKenzie and Smith. National Competition Policy Consultation Paper In December 2023, Australian, State and Territory Treasurers “agreed to revitalise national competition policy and committed to developing an agenda for long‑term pro‑competitive reforms” through the Council of Federal Financial Relations. Precious little has happened since. The fact that the consultation period only began this week – 8 months later – is unacceptable considering how pressing competition reform has now become. But, instead of making this a priority issue, Labor and Assistant Minister Leigh have dragged their heels, falling back on their tired routine of endless press conferences and consultation phases The clear takeaway is that no progress will be made on competition matters before the next election. Quotes attributable to Senator Dean Smith, Shadow Assistant Minister for Competition, Charities and Treasury: “Two years of Labor have been a disaster for competition reform, with key opportunities to improve lost – deliberately or otherwise – and Australian consumers left to pay for the fallout.” “Whether it be the Aviation White Paper or the National Competition Policy, Jim Chalmers and Andrew Leigh have kicked the can down the road so many times that nothing can now be achieved before the election.” “The Coalition has called again and again for the prioritisation of competition policy development, but it has been another victim of Labor’s skewed priorities.” “It’s made even worse in the aviation sector, which is impacting Australians so badly, because the Coalition has presented Labor with clear policy on how to protect and compensate consumers.” “Labor has chosen to ignore that policy – and Australians are suffering for it.” ENDS