Llew O'Brien (Wide Bay, National Party) Share this | Hansard source

We're four years into the Albanese government, and all we've had is a litany of broken promises. We've had higher taxes, more debt, a higher cost of living and a whole range of antibusiness policies. Before the 2022 election, this prime minister promised to restore faith in politics and deliver on every one of his promises. Instead, his promise to keep his promises has even been broken many times. Where is the $275 reduction in electricity prices we were promised? Where are the cheaper mortgages? Where is the real wage growth? What happened to the promise of no new taxes, no changes to super and no tampering with the coalition's legislated tax cuts? What happened to not changing capital gains or negative gearing? So much for no-one being held back and no-one being left behind—this government penalises working Aussies and stokes class and intergenerational warfare.

Labor said it wouldn't introduce a death tax, yet this new 30 per cent tax on discretionary trusts is exactly that. This prime minister said that his word was his bond, and it's just turned out that his word is not worth a pinch of shit.

See this speech in context