My question is again to the Treasurer. Given the Prime Minister was able to rule out an increase in the GST but yesterday declined on three occasions to rule out the introduction of a capital gains tax on the family home, will the Treasurer now categorically rule out the introduction of a capital gains tax on the family home?

I said in my first answer that we categorically deny the proposition about capital gains put on the front page of the Australian last Saturday. Why did we do that? We did that because the story asserted there had been consultation with my office. Untrue. We did it because the story asserted that there had been modelling. Untrue. All of those things were untrue. But the Henry inquiry is independent. It is looking at all aspects of the tax system. It is doing that independently of the government. We do not intend to respond to a daily diet of misinformation from those opposite or anywhere else. The Henry inquiry will get on with doing its work and the government will receive its report.