Delivered
Our economy has been stuck in a rut and we need real reform to boost productivity and growth. As a member of parliament’s Economics Committee, my focus has been on :
- [/] Tax Reform Green Paper – that sets out the urgent need to lower income taxes, incentivise business investment, and tilt the scales in the housing market towards home ownership.
- [/] Stopping taxation of unrealised gains on superannuation – which will ensure Wentworth start-ups retain access to the funding they need to grow, and people don’t have pay tax on paper profits.
- [/] Standing up for start-ups and small businesses – securing important protections from new industrial relations laws and making sure the small business instant asset write-off passed parliament.
You can learn about how I'm delivering for Wentworth here.
Future Plans
I want to build a smarter economy that’s helps Australian start-ups get ahead and stops young people from falling behind. I'm focused on:
- Reforming our tax system – to lower income taxes, boost business productivity and innovation, restore intergenerational equity, and support our climate transition.
- Making Australia the best place to start and grow a business – by making it simpler to employ people by raising the threshold for defining a small business to at least 25 employees, and making it easier to raise funds.
- Improve infrastructure spending – through my Better Value for Taxpayers Bill.
- Restore fiscal discipline - to help bring down inflation and interest rates, with a Charter for Fiscal Responsibility
Watch & Read
- Australian Financial Review - Teals push to index income tax thresholds to inflation (link)
- Sky News - Allegra Spender push to end bracket creep (link)
- Australian Financial Review – There's a logic to Teal MPs tax reform push: The AFR View (link)
- The Daily Telegraph – ‘Big picture’ tax reform call (link)
- Australian Financial Review – Why productivity is a big deal for superannuation (link)
- The Australian - crossbench fury over instant asset write-off (link)
- ABC RN Drive - Crossbench call for infrastructure funding pause over CFMEU saga (link)
Speeches in Parliament
Tax Reform
- Opposition to the tax of unrealised gains: Allegra deeply opposes the taxation of unrealised gains and puts forward a number of amendments, 9 October 2024 (link)
- Addressing tax-related issues: Allegra suggests that the tax system has an important role to play in urgently address the issues front of mind for Australians, 22 August 2024 (link)
- Impact of tax on small businesses: Allegra highlights that urgent tax reform is needed, 12 August 2024 (link)
- Petroleum Resource Rent Tax: Allegra discusses the lack of reform on the petroleum resource rent tax which is a missed opportunity to fund households’ cost-of-living relief, 18 March 2024 (link)
Housing
- Petroleum Resource Rent Tax: Allegra discusses the lack of reform on the petroleum resource rent tax which is a missed opportunity to fund households’ cost-of-living relief, 18 March 2024 (link)
- Calls for action on the housing crisis: Allegra identifies four key areas of reform to address the housing crisis, 14 August 2024 (link)
- Urging for greater housing supply: Allegra expresses her satisfaction that the National Cabinet has agreed to end no-fault eviction and to limit increases of rents to once a year, 4 September 2023 (link)
- Calls for a National Assembly: Allegra and the crossbench call for a citizens' assembly into housing affordability, 19 June 2023 (link)
- The Housing Australia Future Fund & National Housing Supply: Allegra acknowledges the significance of housing affordability and supports the Bill, 15 February 2023 (link)
- Housing Affordability: Allegra urges that the government must make a fundamental shift in housing policy to address the crisis, 28 September 2022 (link)
Economic Reform
- Productivity: Allegra emphasises the importance of productivity as the key to growing prosperity and living standards, 29 November 2024 (link)
- Superannuation reform: Allegra discusses the Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023, 27 May 2024 (link)
- Competition and Consumer Amendment Bill: Allegra supports this bill because she believes it will help consumers and businesses, 12 February 2024 (link)
- The business community: Allegra emphasises the need for wage growth, 12 February 2024 (link)