Leading critics of recent government tax reforms have organized a parallel event in Sydney to challenge what they describe as a biased Senate inquiry process. The Senate inquiry, which began in Canberra on Monday, is examining the proposed tax changes, but some industry figures argue the official process is heavily weighted toward supporting the government’s position.

Geoff Wilson, founder of Wilson Asset Management, was the only one among a group of four prominent dissenters to receive a late invitation to participate in the two-day Senate hearing. He is collaborating with Stockspot founder Chris Brycki, hedge fund manager Derek Francis, and University of New South Wales associate professor Mark Humphery-Jenner to publicly express strong reservations about the impact of the tax reforms. Francis notably sold a $400,000 investment portfolio following the budget announcement.

The independently organized event is scheduled to begin at 10 a.m. Tuesday in the Composite room at the Sydney Masonic Centre, located adjacent to the Senate inquiry venue. Its organizers intend to provide a platform for voices critical of the reforms, countering what they perceive as a one-sided narrative in the official hearings.

Brycki, who runs a business centered on passive investment strategies, has previously clashed with Wilson Asset Management over investment approaches and fee structures. Despite these differences, Brycki emphasized shared goals with Wilson, underscoring the importance of fostering a strong investing culture, expanding share ownership, and enabling Australians to build wealth through productive assets.

Brycki’s submission to the inquiry was published on the official website late Monday afternoon, hours before the Sydney event. However, hundreds of other submissions remain unpublished, prompting accusations that the government is controlling the discourse by limiting access to dissenting opinions.

The critics’ event hopes to amplify concerns from individuals and industry players who fear the tax changes may undermine investment returns and wealth accumulation opportunities. By convening adjacent to the Senate hearing, the organizers aim to present a counterpoint to the government-led inquiry and influence the broader public discussion surrounding the tax reforms.