Australian politics live: Taylor defends CV after Hanson calls him ‘smarmy’; Joyce likens US public execution to ‘Roman amphitheatre’

Australia's Assistant Treasurer, Daniel Mulino, has clarified that Labor is not watering down its proposed changes to impose a minimum 30% tax on discretionary trusts. He stated, 'We’re not watering this down. This is a very substantial review. This is about fairness in our tax system.'