Andrew Robb (Goldstein, Liberal Party, Chairman of the Coalition Policy Development Committee) Share this | Hansard source

This amendment goes to the fact that this government has now compiled a litany of sovereign risk issues and this is another classic symbol to investors both in Australia and overseas that this is no longer a safe place, a stable place or an effective place in which they can trust investment dollars. There is a great onus on the Assistant Treasurer and the Treasurer to come to this dispatch box and explain why they would trash further our reputation as a safe and stable destiny for investment in this country.

This is a government that has introduced a carbon tax against an iron cast commitment. They have introduced a mining tax with a level of incompetence that is incomprehensible plus it is something that does not exist anywhere else in the world. They have handled the live cattle job in a way which has added to sovereign risk. They have introduced retrospective taxation in this very bill, more retrospective taxation. In doing so, they have again added to the litany of sovereign risk issues in this country.

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