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

I think we discussed it at estimates. A like for like on taxation arrangements—a genuine like for like—in this area of tax law is difficult, because they are all quite different.

Opposition senators interjecting—

If you let me answer, I would remind those in the chamber that the changes we are making are to better align the tax paid on certain assets with the tax paid on income, just to be clear about that. It's on real gains because working people pay tax on their real income. Those are the changes that we are proposing. Again, I accept that you don't agree with that and that you think there should be significantly beneficial arrangements that don't apply to working people, but, if we talk about that, on reasonable assumptions, with a 5.1—