Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

I have been very clear about my view on negative gearing. The truth is that negative gearing is used in the overwhelming majority of cases by nurses, by police officers, by teachers—by ordinary hardworking Australians. They are the vast majority of people who are engaged in buying that property to give them the opportunity to grow and build and support their wealth and, in many cases, it is really the only good chance they have got. This side of the House has always supported people who are prepared to have that sort of a go. We have always supported them to do that.

What the member opposite is really inquiring into is whether there is any potential for things to be done in relation to that measure that can deal with the excesses that might occur in negative gearing—

See this speech in context