Joel Fitzgibbon (Hunter, Australian Labor Party, Shadow Assistant Treasurer and Revenue) Share this | Hansard source

When the opposition seeks additional answers to questions about the financial impacts of the capital gains tax proposal that the member for Kennedy has expressed opposition to, we expect answers. Any normal citizen of this country would expect that a government that introduced amendments to tax laws would have those answers ready in their back pocket. They do not have the answers. Therefore, they do not understand the issue and they do not properly understand what they are asking this parliament to accept.

The member for Kennedy is right to express concerns. The opposition maintain our right in the other place, once we have digested the information we have now received in the form of late answers from the minister and his department. We will certainly keep our powder dry until we have had the opportunity to digest the answers properly. We will not be supporting the member for Kennedy on this occasion, but we were happy to facilitate his opportunity to express his opposition. Again, we will be maintaining our right to join with any senator who shares concerns about the impact of these capital gains tax changes. (Time expired)

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