House debates

Thursday, 19 June 2014

Bills

Asset Recycling Fund Bill 2014, Asset Recycling Fund (Consequential Amendments) Bill 2014; Consideration in Detail

12:49 pm

Photo of Michael McCormackMichael McCormack (Riverina, National Party, Parliamentary Secretary to the Minister for Finance) Share this | Hansard source

I might learn something sometimes, but on today's occasion I did not. Well, I did learn that he talked about Labor's rigour.

Mr Albanese interjecting

Good governance follows the money. Indeed it does, but certainly in the past six years we did not see too much good governance from Labor. We did not see too much good governance with anything, and certainly when it came to infrastructure. The member for Grayndler, who was then the minister for regional development and the minister for infrastructure, changed the funding for state roads and particularly the Pacific Highway. I think we share a common view that it needs to be upgraded. We do share a common view there, but the funding formula was changed such that it would be 50 per cent Commonwealth and 50 per cent state, whereas in the past it was 80 per cent from the Commonwealth and 20 per cent from New South Wales.

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