House debates

Wednesday, 20 June 2012

Bills

Tax Laws Amendment (2012 Measures No. 2) Bill 2012, Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2012, Pay As You Go Withholding Non-compliance Tax Bill 2012; Consideration in Detail

12:43 pm

Photo of Michael KeenanMichael Keenan (Stirling, Liberal Party, Shadow Minister for Justice, Customs and Border Protection) Share this | Hansard source

I appreciate that, and I am dealing with the withholding tax on managed investment trusts. I am concerned about the fact that we have a government that is unable to produce a document for the Australian people which is supposed to outline its priorities, which is supposed to outline where the expenditure is for the coming year and for the forward estimates period, which is supposed to provide some certainty for both domestic investors and international investors. When a government cannot do that, you really have to wonder whether it has forfeited the right to continue to govern.

I think that this bill and other debates that we will be having in this parliament later on today are a great indicator for the Australian people that minority government is a failed experiment.

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