Senate debates

Monday, 17 September 2012

Questions without Notice

Australian Securities and Investment Commission

2:10 pm

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

I would make a few points. Unlike some in this place, we take the responsibility, as a party of government, of finding the funds for socially progressive policy, and we have done so. This is the government which has introduced things like the Paid Parental Leave scheme, the government which is putting in place a tax cut for every Australian earning under $80,000 a year, a government which is implementing increased superannuation and a tax break for low-income Australians for their superannuation, and I could go on. And we have found, in very tight fiscal circumstances, $1 billion for the National Disability Insurance Scheme launch. These have all been done without the sorts of cuts that we see to frontline services in coalition states.

I should also perhaps just return to the first question. I refer the senator to Budget Paper No. 2 where she can see the increased funding of ASIC for advanced market— (Time expired)

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