House debates

Wednesday, 23 May 2007

Tax Laws Amendment (Personal Income Tax Reduction) Bill 2007

Second Reading

10:07 am

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

I withdraw ‘untruths’—his blatant misrepresentation of the $600 payment. Yesterday he continued his fiction that I said the $600 payment was not real. I never have. In the run-up to the 2004 election, I said the $600 family tax benefit supplement would be clawed back from families, and after the 2004 election I was proved correct. I seek leave to table the legislation and Bills Digest for the Family Assistance Legislation Amendment (Adjustment of Certain FTB Child Rates) Bill 2005, which was introduced after the 2004 election.

Leave granted.

The purpose of this legislation was to restore indexation provisions stripped away when the $600 supplement was introduced.

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