Ted O'Brien (Fairfax, Liberal Party, Shadow Treasurer) Share this | Link to this | Hansard source

My question goes to the Prime Minister. Given the Treasurer's refusal in his previous answer to rule out taxing unrealised capital gains beyond superannuation, can the Prime Minister advise the House if taxing unrealised capital gains on the family trust or the family home is to be considered by this government?

Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Link to this | Hansard source

I'll give a bit tip to the member for Fairfax: the time to run a scare campaign is just before an election, not after one! That's the time when you stand up and you say, 'Will you rule things in, and will you rule things out?' Because the next election is due in May 2028, what we are going to do—

Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Link to this | Hansard source

You said, 'Don't rule anything out,' on Sunday.

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

Order! The Treasurer will cease interjecting.

Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Link to this | Hansard source

What we are going to do—because, unlike those opposite, who couldn't keep a line from Sunday to Wednesday, we on this side have a clear agenda of what we took to the election. It's tax cuts. You on that side of the House, including the member for Fairfax, took a position to the election. Apart from the seven nuclear reactors that they wouldn't visit, they took a position, which was to have tax increases for 14 million Australians. So it's a bit early, on day one, to start the rule-in rule-out game that they themselves said on Sunday was juvenile and absurd. He'll be going to the economic roundtable, and I look forward to him making the sort of contribution that he made in the last term of parliament, which we on this side appreciated, particularly the Minister for Climate Change and Energy, who's very disappointed.

But I'd make this point as well. With the last shadow Treasurer, it was like there was a nuclear force field around the Treasurer asking him questions. The shadow Treasurer has had two opportunities and has failed to do so.

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

Order. Has the Prime Minister concluded his answer?

Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Link to this | Hansard source

We might give him a go.

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

It's not about giving anybody a go. The deputy leader is entitled to a point of order and he'll now make it.

Ted O'Brien (Fairfax, Liberal Party, Shadow Treasurer) Share this | Link to this | Hansard source

Mr Speaker, we have had over two minutes of preamble from the Prime Minister. On relevance, he hasn't actually answered the question. He has dodged the same question the Treasurer has dodged.

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

I can see we're going to need a lot of work on this front, but you would like a yes-or-no answer. I totally hear that.

Thanks, Manager of Opposition Business for your help too! We just need to—

Well, I am trying to help you. We've just got to make sure the Prime Minister is being relevant to the question he was asked about tax on unrealised gains.

Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Link to this | Hansard source

The policy that we have is the one that we took to the election, and the policy that we have is for lower taxes. The policy that they have is for higher taxes.