Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

The changes to franking credits, through the off-market share buybacks arrangement, and the capital-raising measure, which those opposite announced and never implemented—another one: raise it, put it in there, never do it—are to ensure the integrity of the tax system and to close off loopholes. It's a reasonable, rational, measured response, very small, that assists with budget repair, and they are opposed to it. We will continue without them. It raises $200 million—