This is just empty grandstanding; it is hair-splitting, slick barrister talk that does not go to the core of the proposals that are being put in this parliament. You are so confident of your position, Shadow Minister, that you did not bother to move an amendment in terms of the comments you made at the beginning of your reply. The government opposes these amendments because they are empty. They are sheer grandstanding. It is the shadow Treasurer trying to say: ‘Look at me. Look at me. I’m better than Brendan.’

Question put:

That the amendment (Mr Turnbull’s) be agreed to.