Tony Smith (Casey, Liberal Party, Shadow Assistant Treasurer) | Link to this | Hansard source

My question is to the Treasurer. I refer the Treasurer to the statement by the member for Melbourne:

We should have an inheritance tax or some tax of that nature. Deemed capital gains tax on death is another option in that regard.

Does the Treasurer agree with the Minister for Finance and Deregulation?

Wayne Swan (Lilley, Australian Labor Party, Treasurer) | Link to this | Hansard source

I absolutely agree with everything that the minister for finance said yesterday. He is 100 per cent correct.