House debates

Tuesday, 1 June 2010

Questions without Notice

Budget

2:26 pm

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

The government announced these tax changes on 2 May. And what did we see happen through that week from 2 May? There was one miner that said his company was in trouble, said he was going to close his operations in Australia and then turned around the next day and bought a million shares. But that is not misconduct; that is nothing, given what is going on in the markets when it comes to those opposite. There was also a report that week from one of our largest companies that said they were going to shelve projects worth billions of dollars, and they were forced the next morning to make a clarification at the stock exchange.

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