Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

I thank the member for Reid for her question and acknowledge her strong support for small business across her community. I had the privilege to join with her to visit Schibello Coffee in her electorate, who were accessing the immediate expensing provisions which are helping them invest and grow their own business. The Morrison government, from day one of this pandemic, has been seeking to support small- and medium-sized businesses. The cash flow boost—we've passed legislated and legislative tax cuts for small and medium-sized businesses. We put in place an expanded immediate expensing provision, the loss carry back measure, as well as concessional loans, and this has helped contribute to a fall in the unemployment rate to 4.6 per cent, a 12-year low. But now we have a desperate Labor Party that is seeking to destroy a fundamental pillar of our tax system, namely, the protection of private taxpayers' confidential information—private taxpayers' confidential information! Now, the Labor Party is seeking to force the tax commissioner to dump in the Senate—

Mr Stephen Jones interjecting—

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