Andrew Leigh (Fraser, Australian Labor Party, Shadow Assistant Treasurer) Share this | Link to this | Hansard source

When the member for Wentworth toppled the member for Warringah we were told that it would be just like John Lennon's Starting Over, but since then we have had more repetitions than a Status Quo song!

We started this parliamentary term with this government giving a billion-dollar tax break to multinationals and we are ending the term with them opposing Labor's sensible multinational tax measures: closing debt deduction loopholes, ramping up penalties on multinationals and giving the tax office the resources it needs to get tough on tax avoiders.

We started the term with this government trying to scrap Labor's future of financial advice protections and we have ended this term with the government colluding with the big banks to stop a royal commission into the banks to protect people like Jenny, who Bill Shorten and I met with last week. She told us about the impact on her of nearly losing her home, thanks to shonky dealing.

We started the term with this government doubling the deficit and we are ending the term with the deficit for this year being more than sextupled, more than six times larger than predicted when the government came to office, and with the credit agencies warning us that our AAA credit rating—three AAA ratings attained under Labor—might now be at risk.

We started the term with the government lying about the pre-election fiscal and economic outlook and we ended up with them lying over tax which, as a share of GDP, is increasing. We were promised a government of 'Control+Alt+Delete'; we got a government of 'Control+C'. (Time expired)