Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

In answer to the first question, the government's plan has been fully costed. In answer to the second question, it is quite clear that the alternative approach put forward by the opposition has not been properly costed and will lead either to a massive blow-out in the budget or to a massive hike in taxes on Australian households. They are the only two alternatives. Those on the other side have a subsidy-for-polluters model, which involves either a massive blow-out in the budget or a massive hike in the taxes on Australian households. Those on the other side want to hide their costings. That is why they do not want the Parliamentary Budget Office. That is why they do not want to have to put forward their costings. They know their costings do not add up and their policies do not add up. What we do know is that those opposite stand for ripping away the pension increase, a massive tax hike on Australian families— (Time expired)