Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

I am indebted to the honourable member for raising the matter of his policy because there are some issues associated with it that I will raise that he may be able to clarify for us. The Labor Party's policy proposes to eliminate the ability to deduct or offset any net rental losses against wage or salary income. The honourable member might clarify this: I assume he includes professional income because otherwise it would mean, for example, that someone who was working, an employee of a company, would not be able to offset a net rental loss but perhaps a barrister who had a large professional income—

Mr Husic interjecting—

See this speech in context