Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

has been in the order, over the whole decade, of about seven per cent. Of course, it has gone up—there were big years like last year and there will be flatter years; I will come to those in a minute. But what that would mean is that a person who had an asset that had grown at six or seven per cent over a period of years—five, six, seven, eight, nine or 10 years—under the Labor Party's proposal would be paying a substantial amount of tax on the real gain. I gave the example yesterday of somebody who had held an asset for six—

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