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

The member for Lilley went on:

In current terms, this reform dividend is equivalent to an extra $450 per year in the pocket of a fulltime worker on average weekly earnings.

He went on in the budget speech—he didn't just leave it in the fine print. The member for Lilley said:

Our key business tax reforms will increase real wages by about 1.1 per cent in the long run, putting an extra$450 a year in the pockets of workers on average earnings.

All of that was a penetrating glimpse of the obvious. It is plain that if you give companies the incentive to invest more, they will do so. When they invest more, just as the Leader of the Opposition said on 23 August 2011, it will lead to higher productivity, economic growth, more jobs and higher wages. I refer the honourable member to her leader's economic lesson of some years past.

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