Senate debates Questions without Notice

Budget


Penny Wong

Penny Wong SA, Australian Labor Party, Minister for Foreign Affairs

2:00 pm

I again say the Treasurer has made clear it will be resolved. It is an issue of the extent of grandfathering arrangements. Obviously, in an ambitious set of tax policies, it's not unusual for there to be various tranches of legislation, and that is what we intend to do to resolve it. But, Senator, it is reasonable for me to point out you're not even arguing against the policy anymore, because you know that the status quo of the housing market is not sustainable and was not sustainable. And you know that continuing to give investors an unfair advantage over first home buyers is not sustainable.

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