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

That is the consequence. That is what happens—that bizarre and inequitable outcome—when political parties, when governments or, indeed, oppositions in this case, formulate policies without carefully examining them.

As we have heard from the Treasurer, we know that his counterpart, the member for McMahon, has been working on this negative gearing plan, apparently, for 18 months. But we also know that the Leader of the Opposition knew nothing about it. So, clearly, this is a policy that was ill-thought-out. It was not well prepared. It did not respect the intelligence of the Australian people. Perhaps it said more about the intelligence of those opposite.

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