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

He's not a retiree. He relies on the tax refund he gets from the shares that he bought to give him an income when his business is not seeing great days. Because in small businesses, like the member for Swan understands, some years you have good years and some years you have bad years. Small-business men and small-business women go out there, they buy shares, they get the tax refunds from those when the business is going through lean years, and that is their income. What those opposite don't understand is that the profit of a small business is the small-business owner's wage. That's what they live on. In some years they don't make a profit, and in those years they rely on investments they have put into shares and the tax refund, which is theirs, not the government's. It's theirs. It is owed to them. They have made the investment. Members opposite simply don't get this. They don't get small business. They don't understand what they have done with this clueless and gutless tax on retirees—and not just retirees, as I have just demonstrated with Cohen, a small-business owner in the member for Cowan's electorate. What they don't understand is that people make investments so they can support themselves and their families.

Dr Aly interjecting—

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