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

Thank you, Mr Speaker. The honourable member, by her question, indicates that the Labor Party is not simply opposed to reducing company tax for companies with turnovers above $50 million but is determined to reverse the company tax reductions that have already been legislated. So thousands of Australian owned family businesses, small and medium businesses, that are getting the incentive right now through legislation that has passed the parliament—the honourable member's question indicates Labor is going to go to the next election and say to all of those family businesses, 'You're going to have to pay more tax'. (Time expired)

Ms O'Neil interjecting —

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