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

I thank the member for that question. The government has given a comprehensive response to the Murray review, which is set out on the public record. What this government has done, as I have just said, is to respond to those measures by introducing laws, which are have been passed in the parliament. We can continue to consider those responses that were outlined and the measures that now need to be taken.

In relation to the issues on capital gains tax, I want to draw the member's attention to things that we have done on capital gains tax. In the National Innovation and Science Agenda statement last year we provided new tax breaks for early-stage investors in innovative start-ups. That also includes 20 per cent nonrefundable tax offsets based on the amount of their investment, as well as a capital gains tax exemption.

Dr Chalmers interjecting—

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