Aaron Violi (Casey, Liberal Party, Shadow Minister for the Digital Economy) Share this | Hansard source

While we're looking at the budget papers, we should also think about what comes next. Page 137 of the budget papers says, and I quote:

… access to home ownership increasingly depends on the wealth of the previous generation—'the bank of mum and dad'. This entrenches higher levels of wealth inequality across generations.

What's that? The bank of mum and dad. Sounds a lot like an inheritance tax. Sounds a lot like a tax on the primary place of residence. It's the logical next step. It's in their own budget papers. Guess what? When the Prime Minister gets asked about it—he already has—he'll deny it. Gee, we've heard that one before. He's broken his word once; he's broken his word twice. Come the next election, he's coming after your money and he's going to break his word again.

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