Martin Ferguson (Batman, Australian Labor Party, Shadow Minister for Transport, Roads and Tourism) Share this | Hansard source

I rise to speak briefly on the Tax Laws Amendment (2007 Measures No. 6) Bill 2007. As we appreciate, the bill goes to a number of matters but of most interest to me is the question of a tax deduction for capital expenditure for the establishment of trees in carbon sink forests, something which is dear to the heart of many members of this House—some more than others! I welcome the introduction of this long sought after scheme. In doing so, I indicate to the Australian community that the Howard government, as usual, has been tardy on the reform front with respect to this major requirement in terms of the greenhouse debate.

I notice the Treasurer, Mr Costello, has had the guts to come to question time a bit early. He is not known for having much ticker. Perhaps he ought to sit down and learn his place—sitting behind the Prime Minister, playing second fiddle, as usual. He is pretty good at playing second fiddle. He has never had the ticker to seek the most sought after job in the land—being Prime Minister of the Australian nation.

Returning to issues at hand—

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