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

I will restrain myself, Mr Speaker. I just have to go back and run through some of the facts. We have a $6,500 instant asset write-off which can be claimed by up to 2.7 million small businesses. That will be a very substantial benefit, particularly to the cash flow of many struggling businesses right around our country. In the last budget, we did say that the first $5,000 of any car purchase—namely, a ute—could be written off within that framework. That is what we have said so yet again I have not the faintest idea what he is talking about.

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