No; people are entitled to arrange their financial affairs as they see fit. But we are also, as a government, entitled to say that, actually, it is fairer to ensure a reasonable taxation of income from assets in order to fund a tax cut for working Australians. And that is what we are doing. That is what we are doing.

I'd also make the point—as Senator Gallagher, I think, has pointed out—that there have been numerous reviews of the tax system which have pointed out the challenges arising out of trust arrangements. Going back to 1975, there have been multiple reviews recommending reform in the area of trusts, and that is what we are doing.