House debates

Tuesday, 28 March 2023

Bills

Treasury Laws Amendment (Refining and Improving Our Tax System) Bill 2023; Second Reading

12:37 pm

Photo of Angus TaylorAngus Taylor (Hume, Liberal Party, Shadow Treasurer) Share this | Hansard source

It's clear I've upset those opposite. I will seek to focus on the substantive issue, which is that all of this boils down to one key question: how can Australians trust Labor when they say one thing before the election and another thing after it? Labor's promises on tax were clear—there were to be no changes to franking credits; there were to be no new superannuation taxes—and they've broken them, alongside their broken promises on cheaper mortgages and the $275 reduction in electricity prices. Remember the promise of low inflation? All of those promises have gone.

While the coalition will support this bill, we call on the government to stop breaking its promises on tax and energy, and to support Australian small-business owners with more red tape reduction, more incentives to grow their businesses and more support to resolve labour market shortages before the cost-of-living crisis gets completely out of control.

Debate adjourned.

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