Pauline Hanson (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

I move:

That the Senate notes the speech given by Dr Alberto Calderon, Chief Executive Officer of Orica, at the Melbourne Mining Club on 8 February 2018, and, in particular, observes that:

(a) while government spending is supporting growth and could reach almost 19 per cent of GDP, long-term growth does not come from the public sector;

(b) the effect of a reduction in the corporate tax rate on jobs and higher wages is complicated by our franking credit system, which is particularly relevant to retirees whose income projections rely on the tax credits created by corporate tax at 30 per cent;

(c) a change to the tax system alone will not induce long-term sustainable economic growth in Australia; and

(d) Australia needs to encourage investment through incentives and to fix the regimes regulating energy, water, transport, telecommunications and other infrastructure.