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

I thank the Leader of the Opposition for his question. Speaking of budgets, the first budget of a Shorten government would devastate small business, would devastate investment, right across Australia. The successful transition to the new economy requires an innovative Australia. It requires a technologically sophisticated Australia. It requires science to work with industry. It requires open markets. It requires continuing the great work of Andrew Robb in opening up free trade agreements with the economic giants of Asia. All of those things we are doing. It requires a commitment to ensuring that as much of our defence materiel, defence assets and defence science is created here in Australia with the best Australian innovation and technology, and we are doing that. But, above all, it requires entrepreneurship. It requires Australians to have confidence in the future and be prepared to take a risk and be prepared very often, if not most of the time, to borrow some money, invest in a business, invest in an asset, and actually have a go. That is what entrepreneurship is all about. What we are doing is we are providing very real incentives for investors to invest—

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