Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

As I said, these measures close a loophole which has long existed. I suggest that those opposite look at the original rationale for the measure in question, which is to do with the establishment of this industry in the first place, and then look secondly at the actual returns which those companies are generating by way of profit now. Given their preferential taxation treatment, I have a simple response: let’s use that revenue to assist families under pressure; let’s use that revenue to start doing something about investing in the schools of Western Australia; let’s use that revenue to invest in the hospitals of Western Australia; let’s close a tax loophole that in fact can deliver revenue to the overall integrity also of the budget. This debate has been quite extraordinary, because those opposite have just voted against FuelWatch.

See this speech in context