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

I thank the member for Reid for her question and acknowledge her experience in small business and also as a psychologist. There are more than 13,000 businesses in the electorate of Reid that are able to apply for and benefit from our expanded instant asset write-off, including Jada's Cafe in Five Dock, which has used the expanded instant asset write-off to get a new kitchen.

There is a fundamental difference between the values that drive the economic policies put in place by this coalition of Liberals and Nationals and the values that drive the coalition on the other side between the Labor Party and the Greens. We believe in lower taxes for families, we believe in backing small business to grow, and we believe in encouraging the individual and their enterprise. Those policies include cutting taxes for small business, and we have cut the headline company tax rate for small business down to 25 per cent, the lowest in 50 years. We've also put in place the biggest investment incentives that Australia has seen. Those incentives are driving more investment in machinery and equipment across Australia and across businesses in Reid and other electorates represented on this side of the House. Today, in the ABS payroll jobs data for the last fortnight, we have seen an increase in jobs across the country. Jobs are now 3.9 per cent higher than going into this pandemic. Jobs are now higher in every state and territory. The Australian economy is on the road to recovery.

I'm asked, 'Are there any alternative approaches?' The 12th man of Australian politics, the person who brings out the drinks, the member for Rankin, came and gave a speech last night. It was an 11-page speech about himself. He spoke about his credentials for the job. He described his experience as being unusual, if not unique. What was his biggest credential for this job? Having worked for Wayne Swan, the Treasurer.

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