House debates

Wednesday, 27 June 2018

Questions without Notice

Taxation

2:54 pm

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. Under this Prime Minister, household debt is already at a record high, and gross debt has reached half a trillion dollars for the first time in Australian history. The governor of the Reserve Bank has said:

We have very high levels of debt, very high … asset prices, that's our number one domestic risk …

Prime Minister, given that warning, isn't this the worst possible time to lock in an $80 billion big-business tax cut?

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