The government has no intention of pre-empting any of the considerations of the Henry review—none whatsoever. If those opposite want to conduct a fear campaign like they have been conducting on the stimulus, like they have been conducting on the bank guarantee, nobody is going to believe them.

This is a comprehensive review being conducted by Dr Henry, right across personal income tax, right across company tax, right across federal-state relations, and it will encompass the full ambit of the tax system. Dr Henry is conducting that review independently, through the Treasury. That is how it should be, and that is what is happening.