House debates

Wednesday, 14 February 2024

Questions without Notice

Taxation

3:05 pm

Photo of Madeleine KingMadeleine King (Brand, Australian Labor Party, Minister for Northern Australia) | Hansard source

Thank you to the very hardworking member for Pearce for her question. On 1 July, the Albanese government will deliver a tax cut to every single Australian taxpayer and to taxpayers right across the great seat of Pearce. There will be 13.6 million Australians better off. Workers in the resources sector and right across the great north of our country will be better off.

The average wage of the resources sector across this nation is $144,600. Labor's tax changes will deliver them a tax cut of over $3,700. We know the extraordinary incomes of those in the C-suites of the resources sector, who also get a tax cut, skews this average. This means that the absolute majority of resources sector workers will be better off under Labor's tax changes than the proposal of five years ago by the former PM, who was of course also the resources minister at the time. After a prolonged episode of flip-flopping from those opposite, I am glad the coalition have agreed to finally support the aspirations of resources workers and mining communities right across the country. It's about time.

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