Don Farrell (SA, Australian Labor Party) Share this | Hansard source

No. Companies will benefit, Senator Abetz. Again, please give me the courtesy of listening to me. We are going to reduce company tax, which the Howard government left at 30 per cent, to 29 per cent. We are going to do that from financial year 2013-14. And we will not stop there. We are going to reduce it further to 28 per cent in financial year 2014-15. So it is not just working families that will benefit from this new tax. (Time expired)