Pauline Hanson (Queensland, Pauline Hanson's One Nation Party) Share this | Link to this | Hansard source

I move:

That the Senate take note of the answer given by the Minister for Foreign Affairs (Senator Wong) to a question without notice I asked today relating to taxation.

Today in the chamber I asked a question of Senator Wong, who answered the question on behalf of the Prime Minister, to do with the new Productivity Commissioner, Danielle Wood, who has made reference to an inheritance tax—in other words, a death duty. I got, 'No, it's not a plan; we're not really looking at it.' That was the answer to it. I know it's the Greens' policy to have a death duty tax, and I know Senator Jacqui Lambie has also referred to death duties. I say to Australians: you pay tax all the way along. You pay 45 per cent tax for your newly built home, stamp duty, GST, land tax, capital gains and all these taxes—and then, on death, you will possibly have to pay tax on all your assets, not just your home but your car, your clothing, your jewellery, your paintings and every asset you have. They want to come in and take more taxes from you. This is money you've worked hard for and saved to pass on to your family. It's disgusting.

The other question I asked was with regard to the value of the family home from the age pension assets test. The senator couldn't answer the question. She referred to aged care; I never even mentioned aged care. She referred to other issues but wouldn't even answer the question. I warn aged pensioners out there: be very concerned over this. They will be targeting your home to include it as an asset so you will not be able to get the age pension. Your healthcare card and everything will go. A lot of people out there are struggling. They don't have assets; all they have is their home. The government will come after your home so they won't have to pay you an aged pension. This is what the Australian people need to be very concerned about. To all the aged people out there: you've worked hard, and they're coming after your money.

Question agreed to.