Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

I am going through them. We also know that those that are receiving payments under our disaster relief arrangements—those adults that have received the $1,000 and those with children the $400—will not be paying that amount of money. I cannot tell you how many of those there are. I cannot tell you, but the Prime Minister before did give you a quantum. Of course we cannot give you a final figure about that. I am more than happy to provide you with estimates later on. I cannot give you a final figure and neither is it realistic to give one. But this levy will raise $1.8 billion and it will be predominantly raised by those on higher incomes. It will be predominantly raised by people like the shadow Treasurer and me. That is where the great bulk of the revenue will come from. About 50 per cent of it will come from higher income earners. Of course, those under $50,000 will not pay anything at all. We will exempt those that have received the disaster payments in Queensland. We will exempt them in Victoria, in northern New South Wales, in Western Australia and elsewhere in the country.

See this speech in context