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

I thank the member for Lindsay for her question and acknowledge she is a champion for Western Sydney and for manufacturing in her area. There are more than 14,000 businesses in her electorate that are benefitting and able to be eligible for the expanded instant asset write-off, like Da-Mell air conditioning, which used that tax incentive to purchase a new ute and new tools.

Last year we were facing economic Armageddon. There was some forecast that unemployment could reach as high as 15 per cent. Today unemployment is actually lower than when we came to government. We have seen small-business tax rates come down to their lowest level in 50 years. In the last three months, we saw tax relief of more than $10 billion to 11 million Australians. That is the product, that is the dividend of having a strong economy.

I'm asked: are there any alternative policies? We've talked about some of the big ideas from the Leader of the Opposition in this place before.

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