Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

The opposition has two policies. One is to increase company tax to almost 32 per cent, from 30 per cent to 32 per cent. That is one policy. The other policy is to oppose any of the increase in additional profits—not one cent. The Liberal and National parties oppose any of the additional profits that flow from the increased prices and the additional profits that flow from those increased prices on to the Australian people. They do not want to see one cent, except of course I notice the Western Australian government increased the price—I think it is from 1 July this year. That is all okay, apparently. The Western Australian government can jack up the price of its tax on resources, I think, by $300 million per annum. That is okay. (Time expired)