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

I thank the member for Leichhardt for his question and acknowledge his experience as a crocodile farmer, as a grazier, as a welder, as somebody who spent nine years in the RAAF. He and others on this side of the House understand the Australian economy has shown remarkable resilience. There have been 350,000 new jobs created since the start of September. We've seen consumer confidence up and we've seen a strong pipeline of investment.

We're achieving this rebound in our economy at the same time as we're cutting taxes. Individuals on $60,000 a year, a teacher and a tradie, are $6,480 better off as a result of tax cuts that this side of the parliament has passed. When it comes to small businesses, they're now paying the lowest taxes in 50 years. When it comes to business investment incentives, we've seen a 20-year high in the growth of machinery and equipment investment off the back of our business investment incentives.

I'm asked, 'Are there any alternative approaches?' Well, we know that that weak Leader of the Opposition came up with a national drivers licence. We know that that weak Leader of the Opposition wants to remove the fuel excise on electric vehicles even though there isn't an excise on electric vehicles.

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