House debates

Monday, 26 March 2018

Questions without Notice

Dividend Imputation

2:16 pm

Photo of Scott MorrisonScott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

You can be earning $500,000 a year and you can get the full value of your franked dividends, but if you're earning less than $18,000 a year, if you're earning less than $37,000 a year, there's no tax refund for you under the Leader of the Opposition's plan. There's no tax refund for you because he's getting his hands in your pockets, because this Leader of the Opposition is addicted to tax, because he's addicted to spending, and nothing can control him, other than the Australian people, by ensuring that this Leader of the Opposition can never get his grubby hands on the hard-earned earnings of retirees around this country.

As we have seen, this policy, announced just two weeks ago, has turned to custard in a matter of days. First, they are going to compensate people. Then they are not going to compensate people. Then they are going to compensate people again. Now, here today, they may compensate people. This policy has been an absolute dog's breakfast. The shadow Treasurer—I don't know what it's worse: the idiot who put it forward or the idiot who agreed with it.

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