Bob Baldwin (Paterson, Liberal Party, Shadow Minister for Tourism) Share this | Hansard source

I'm not making it up, Parliamentary Secretary. Here you are, with your forward estimates, your schedules to the bill—schedules 1, 2 and 3: banking, first home saver account, life insurance this year will deliver you $93.4 million as you raid it off people; schedule 4: superannuation, $513.5 million; schedule 5: companies and corporations, $94 million; $700 million to your bottom line. So it is not true revenue, it is not income, it is not money the government has earned—it is money you are taking out of the accounts of everyday Australians to prop up your financial position to make you look like you could be somewhat of a responsible financially accurate government. You are not: you are robbing Peter to pay Paul, and it is not your money.

I am not going to speak any further on this bill. I will be opposing it. I think it is wrong. I think the delivery method is wrong. I think the speed and access are wrong. And in particular I feel that the fact that this bill has brought other bills into action because of deals and swaps and a need for votes is going to do immeasurable harm to Australia.

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