Sarah Henderson (Corangamite, Liberal Party) Share this | Link to this | Hansard source

I rise to raise the concerns of Andrew Carroll, the General Manager of Hamlan Homes and Geelong Homes. The business turns over $45 million a year, building around 230 homes a year in the Geelong region alone. It's a thriving family business, with 45 employees. Mr Carroll has told me that Labor's proposal to reverse the legislated company tax cuts for companies turning over between $10 million and $50 million may lead to job losses.

While conditions are buoyant, this is an industry that needs certainty. Labor's proposal—a captain's call like no other—represents uncertainty and a massive risk to jobs. Let's not forget what the opposition leader said in 2011:

Cutting the company income tax rate increases domestic productivity and domestic investment. More capital means higher productivity and economic growth and leads to more jobs and higher wages.

I condemn, in particular, the member for Corio, who has failed to stand up— (Time expired)

Tony Smith (Speaker) Share this | Link to this | Hansard source

It being 2 pm, in accordance with standing order 43 the time for members' statements has concluded.