House debates

Wednesday, 29 October 2014

Questions without Notice

Fuel Prices

2:27 pm

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

So the member for McMahon on Sky News referring to the fuel tax said:

'We've had—

the Labor Party—

a tax review, the Henry tax review, it didn't recommend this particular change.

So I went to the Henry tax review—I found this one—and I went to recommendation 65:

Fuel tax should apply to all fuels used in road transport on the basis of energy content and be indexed to inflation.

'…and be indexed to inflation'! Hang on, so now I have to go searching for Labor Party documents. We are asking them to table all their documents. He got it wrong. But it goes one step further. The shadow minister for finance—he is a card as well—said, 'It's outrageous! Compliance costs! All those service stations will have to pay $800 more.' I went, 'Hang on, where did you get this?' because the regulatory impact statement for the bills before the House says:

… of the $5.1 million in compliance costs, $5.034 million is for the 186,000 people who are claiming back a tax refund.

'… claiming back a tax refund.' So they are actually spending their time claiming back more money from the Commonwealth, not the $800 per service station. This is the Labor Party. The Labor Party cannot get its facts right. The Labor Party cannot be trusted with money. Labor Party is just hopeless.

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