House debates

Thursday, 4 April 2019

Bills

Treasury Laws Amendment (Mutual Reforms) Bill 2019; Second Reading

12:17 pm

Photo of Andrew LeighAndrew Leigh (Fenner, Australian Labor Party, Shadow Assistant Treasurer) Share this | Hansard source

I'll take that interjection, Minister. The fact is that, if there is one party that supports crony capitalism, it's the party on the other side. That is why neither a single serious economist nor a single serious business leader supports the idea of divestiture powers in a single sector. Of course some countries have divestiture powers, and we'll periodically have debates over this, but the notion that you would have divestiture powers in a single sector is utter anathema to serious economics.

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