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

The keys to this successful transition—technology, innovation, investment, infrastructure, open markets—all of those elements are being pulled into play by the government to support the successful transition to the new economy. While we are doing that, what is Labor doing? Is Labor supporting investment? No, it is increasing capital gains tax by 50 per cent. It is increasing tax on investment. It is setting out to discourage investment. Is it building confidence? No, it is undermining the value of the single largest asset class in Australia, the Australian home—the most important asset for every Australian family. And of course when it comes to the construction sector, does Labor recognise the faults exposed yet again in the royal commission? No, it says, 'All is well. The CFMEU are fine fellows. There is no need to have the building and construction commission.' There is a road to the new economy; Labor stands in the way. (Time expired)

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