Matt Thistlethwaite (Kingsford Smith, Australian Labor Party, Assistant Minister for Immigration) Share this | Hansard source

The taxation system in Australia is broken. When a teacher, a nurse or a police officer working hard to try and get ahead is paying more tax than someone who is simply buying and selling assets, that system is broken. That system stinks. That system is unfair. Our government is determined to fix that system to make sure that it works and to ensure that we're incentivising and supporting hardworking Australians who are trying to get ahead, not punishing them simply because they can't afford to own investment assets.

Who is opposing the reforms that our government is putting to the parliament? None other than the opposition, but they're not alone this time. We've got the Liberal Party. They've teamed up, of course, with their friends in the Nationals, but they've been joined in recent times by—I don't know if you can call them their enemy, but they're friends for this purpose—One Nation. So here you have the Liberals, the National Party and One Nation. A coalition of crackpots have come together to oppose the sensible reforms that the Labor Party and the government is putting to the parliament.

See this speech in context