Bill Shorten (Maribyrnong, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

The government sees trusts as a legitimate business tool and remains committed to clarifying, updating and rewriting Australia's trust law. This will greatly assist the 660,000 trusts in Australia.

The Gillard government has a clear tax framework that makes sure that taxpayers pay their fair share, increases national savings and retirement income and simplifies the tax system for Australians. We present a tax framework which is very important, and it is important that the opposition too responds to it and has a tax framework.

Mr Pyne interjecting—

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