Bernie Ripoll (Oxley, Australian Labor Party, Shadow Minister Assisting the Leader for Small Business) Share this | Hansard source

No, it never happens—the member across the chamber says. It goes further. In another quote the then coalition spokesperson, Sophie Mirabella, said:

We now know that large multinational companies won't be hit by the R&D tax cut, just like the carbon tax, and it is Aussie companies that will be struck by the cut—perversely, the opposite of Labor's claim to be creating Aussie jobs.

If you can make sense of that, you are doing better than me—because not only did that statement make no sense when they were in opposition, it does not make sense when they are in government. But what is good to see is that we are going to have the parliamentary secretary moving this really good bit of amendment legislation, which will be supported by the opposition. Labor will be supporting this because we wrote it, because we think it is actually really good.

There are a whole range of good elements to the amendments that will be good for the economy, will be good for confidence and will be good for what it does for the efficient use of taxpayer funds. I am happy that we will be supporting the amendments and we will be supporting what is before the House.

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