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

I thank Senator Sterle for that question. Through the passage of this legislation today, we're another step closer to delivering our tax reforms for workers, homebuyers and businesses. We know that those over on that side of the chamber all voted against tax cuts in the last term, and they're continuing that approach in this term. They're voting against tax cuts for working people, and they're voting against sensible changes, sensible reforms, to make the housing system work better for everybody.

What they have done today, in the way that they have voted, is to protect the status quo and to say that the housing system's working perfectly and that anyone who wants to buy a home can buy a home. We, on this side of the chamber, know that that's not the case. That's why we've been prepared to take this decision to reform the system and to make sure that younger Australians, in particular, can buy their own home without having to compete with investors who are getting concessional tax treatment to do so.