Tim Wilson (Goldstein, Liberal Party, Shadow Treasurer) Share this | Hansard source

The self-starters of Australia have been betrayed by the Albanese government. We have record small-business insolvencies—eight small-business insolvencies every business hour—a decline in the self-employed and families struggling to make ends meet. Real wages have fallen backwards by three per cent and costs have risen by an average income of $32,000.

Australians are already financially drowning under the Treasurer's active inflation agenda. Any budget tax cut will be wiped out by Christmas. Their business model is 'stoke inflation, tax inflation, then let's just spend the inflation'—wash, rinse, repeat. Young families who have invested their first home deposit are going to experience a double hit. And, of course, the Prime Minister has taken half the ownership of small businesses.

There is a better way. We can build a future where Australians work to create and build a future, and where this country backs them. A coalition government will back the self-starters of Australia. We're committed to a $50,000 instant asset write-off and making it permanent. Our tax-back guarantee will index tax brackets so the silent inflation agenda of this government doesn't steal your salary. And we'll have a small-business act to protect small business in this country from the Prime Minister and this government. We want your help. Go to standwithsmall.org and fight for a better future. (Time expired)

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