Senate debates

Tuesday, 17 June 2014

Bills

Tax Laws Amendment (Temporary Budget Repair Levy) Bill 2014, Income Tax Rates Amendment (Temporary Budget Repair Levy) Bill 2014, Family Trust Distribution Tax (Primary Liability) Amendment (Temporary Budget Repair Levy) Bill 2014, Fringe Benefits Tax Amendment (Temporary Budget Repair Levy) Bill 2014, Income Tax (Bearer Debentures) Amendment (Temporary Budget Repair Levy) Bill 2014, Income Tax (First Home Saver Accounts Misuse Tax) Amendment (Temporary Budget Repair Levy) Bill 2014, Income Tax (TFN Withholding Tax (ESS)) Amendment (Temporary Budget Repair Levy) Bill 2014, Superannuation (Departing Australia Superannuation Payments Tax) Amendment (Temporary Budget Repair Levy) Bill 2014, Superannuation (Excess Non-concessional Contributions Tax) Amendment (Temporary Budget Repair Levy) Bill 2014, Superannuation (Excess Untaxed Roll-over Amounts Tax) Amendment (Temporary Budget Repair Levy) Bill 2014, Taxation (Trustee Beneficiary Non-disclosure Tax) (No. 1) Amendment (Temporary Budget Repair Levy) Bill 2014, Taxation (Trustee Beneficiary Non-disclosure Tax) (No. 2) Amendment (Temporary Budget Repair Levy) Bill 2014, Tax Laws Amendment (Interest on Non-Resident Trust Distributions) (Temporary Budget Repair Levy) Bill 2014, Tax Laws Amendment (Untainting Tax) (Temporary Budget Repair Levy) Bill 2014, Trust Recoupment Tax Amendment (Temporary Budget Repair Levy) Bill 2014; In Committee

1:25 pm

Photo of Sam DastyariSam Dastyari (NSW, Australian Labor Party) Share this | Hansard source

Which I will support because I think it is better than a lot of the other measures. But if we were designing it we would have designed it a lot better than this. We would not have had a loophole so that what is a three-year measure will really only be paid for one actual year. We would have fixed up the fringe benefits tax. We would have looked at a proper program as part of a broader taxation review, not a fig leaf when we got to the end of a budget process and realised that, 'Oh, we are only attacking middle income earners, we are only attacking the young, we are only attacking the disabled, we are only attacking those who are in the bottom quartile of this society. We had better create something big and something exciting for the higher income earners so that we can say we are sharing the pain.' Well, Minister, the pain is not being shared. The pain is not being shared in this budget. It is an unfair budget, it is an unequal budget. That is why people are up in arms. That is why people out there in Australian society—you have seen the polling, you have seen the numbers—are outraged, because there is no fairness. You are now in a situation where even your own MPs, even your own back bench, are getting up and using this chamber to say, 'We are unhappy with this direction. We are unhappy with this budget. We are unhappy with these measures.' Minister, how can you deliver a budget when not even your own MPs support you?

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