Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

I am not quite sure how I am meant to answer all those questions in one minute. If you want a supplementary, ask a supplementary that can be answered in one minute. But in relation to the tax-free threshold: I know this is something the Democrats advocate, but the cost of raising the tax-free threshold across the board is enormous and, of course, everybody, including millionaires, gets the benefit of it. What we have done is make sure that it is targeted to low-income earners by the device of the low-income tax offset, which, if you read the budget papers, you will see has been increased. This means that low-income earners have a tax-free threshold of $10,000 under this government.