Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

In a long, rambling, contradictory and somewhat repetitive contribution from Senator Macdonald, there were two questions, which I will go to. He asked for the contribution of major taxes—it is in budget paper No. 1 as a percentage of Commonwealth tax revenue. In respect of personal income tax it is 45 per cent of total Commonwealth revenue, company tax 22 per cent, GST 17 per cent. The second issue went to exemptions. We have restricted the scope of exemptions to those affected by disasters in the legislation in the form and manner which I read out in my concluding remarks to debate on the legislation. We published the draft determination on the Treasury website.