House debates Tax Laws Amendment (2009 Measures No. 1) Bill 2009

Second Reading

Wednesday, 18 March 2009 House of Representatives

Steven Ciobo

Steven Ciobo Moncrieff, Liberal Party, Shadow Minister for Small Business, Independent Contractors, Tourism and the Arts

11:24 am

I hear the member opposite saying that the coalition do not understand productivity. Let me say to the member: not only do we understand productivity; if the Labor Party understood productivity they would not confine their investment allowance to plant and equipment. They would include intellectual property and productive investment such as software. This just demonstrates again why this government is all talk. They talk about productivity but the reality is that, under Labor’s proposal, if you purchase software which will boost productivity you are not eligible for the investment. I think that the member opposite ought to get educated about what his own policy is, because quite clearly he has no idea.

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