Wednesday, 16 September 2026
The Finance and
Expenditure Committee is calling for submissions on the
Taxation (Annual Rates for 2026-27, FBT Simplification,
Foreign Investment Funds, and Remedial Measures)
Bill.
At this stage, no closing date has been set for
submissions, but the public is encouraged to share their
views by 1 December 2026, so that submissions can be
processed and ready for the next Parliament as soon as one
is formed.
The online submissions portal will remain
active through the 2026 General Election period (the
“interregnum”), until a new Finance and Expenditure
Committee is convened in the next term of Parliament. The
new committee will decide when to close for submissions. Any
documents uploaded to the submissions portal during the
interregnum will be provided to the new
committee.
About the bill
The bill would set
the annual rates of income tax for the 2026–27 tax year
and make numerous other changes aimed at improving tax
settings. These include simplifying how the fringe benefit
tax (FBT) applies to motor vehicles and making amendments to
the foreign investment fund (FIF) rules. The bill is
available online from the “Related links”
panel.
What do you need to know?
- The
Governor-General will dissolve the 54th Parliament on 1
October 2026 ahead of the 2026 General Election. Documents
received after 1 October will be held by the Office of the
Clerk and provided to the Finance and Expenditure Committee
of the 55th Parliament for its
consideration. - Submissions are publicly released and
published to the Parliament website. Only your name or
organisation’s name is required on a submission. Please
keep your contact details separate, as if they are included
on the submission they will become publicly available when
the submission is released. - If you wish to include
information of a private or personal nature in your
submission you should discuss this with the clerk of the
committee before submitting. - If you wish to also
request an oral submission, please state this
clearly.
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Further guidance on making a submission
can be found from the “How to make a submission” link in
the “Related documents” panel.
If you have any
questions about your submission or the submission process
please contact the Committee Staff through the contact
details provided on this page.
For more details about
the bill:
