Paul Fletcher (Bradfield, Liberal Party, Shadow Minister for Government Services and the Digital Economy) Share this | Link to this | Hansard source

My question is to the Assistant Treasurer and concerns the government's new super tax. Can the minister explain to the House whether the capital gains tax discount, ordinarily applicable for assets held within superannuation, is available for either realised or unrealised gains under the government's new super tax?

Stephen Jones (Whitlam, Australian Labor Party, Assistant Treasurer) Share this | Link to this | Hansard source

I thank the Manager of Opposition Business for the question. As all honourable members, and particularly the member for Forde, would know, as a non-licensed financial advisor, I can't give financial advice either here or anywhere else. But I do welcome the opportunity—

Opposition Members:

Opposition members interjecting—

Milton Dick (Speaker) Share this | Link to this | Hansard source

Order! Members on my left will cease interjecting. I want to hear from the Leader of the Opposition.

Peter Dutton (Dickson, Liberal Party, Leader of the Opposition) Share this | Link to this | Hansard source

I have been here 22 years and I thought I had heard it all!

Milton Dick (Speaker) Share this | Link to this | Hansard source

Resume your seat. That is not a point of order. We just had that conversation from the member for Fairfax. It is highly disorderly, and the Leader of the Opposition knows it. We cannot have question time in that way. That is the last time the standing orders will be abused. I give the call to the Assistant Treasurer.

Stephen Jones (Whitlam, Australian Labor Party, Assistant Treasurer) Share this | Link to this | Hansard source

Thank you. As I was saying, I was being invited to give financial advice. But what I can say, in general, is that the capital gains discount is available when there's a capital gains tax event.