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

The Leader of the Opposition just said 'sweeping' in a mocking tone. He does not think it is sweeping. He does not think that the housing sector is important. He does not think the largest single asset class in Australia is important. He does not think rental supply is important. He does not think any Australian's home value is important—it is not a big deal. And apparently he does not think that the changes that the shadow Treasurer proposes to prohibit negative gearing in respect of every single asset class other than new residential property are sweeping either. What do you need to have a sweeping change to the Australian economy? How much freedom does Labor have to take away before it becomes a big deal? They laugh and they mock but they are mocking people's savings. They are mocking homes, they are mocking Australian's ability to find a rental property and they are mocking Australian's ability to start a business. On that note, I ask that further questions be placed on the Notice Paper.

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