Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Before the election—as former Senator Colbeck would know—the alternative government did not have an alternative policy in relation to this. And what has Labor decided now? The Labor Party has now decided to impose lower taxes on foreign workers and higher taxes on Australian workers and Australian small businesses by again targeting their retirement savings.

The question that the Labor Party needs to answer is: why do they want a tax cut—why do they want to halve the income tax rate applied to foreign workers—and then try to pay for it by increasing taxes on the superannuation of Australian workers and small businesses? The Labor Party is all over the place on this, and I suspect that once people across Australia understand what it is that Labor is proposing to do—lower taxes for foreign workers and higher taxes for Australian workers—they will be forced to change their position.