Penny Wong (SA, Australian Labor Party, Shadow Minister for Corporate Governance and Responsibility) Share this | Hansard source

Mr President, I ask a supplementary question. Can the minister advise whether the junior agricultural minister, Senator Abetz, was in fact outlining the government’s position when he defended managed investment schemes in the Age on 14 June, arguing, ‘Changing the tax arrangements could prompt an investment collapse in key agricultural sectors’? Or was senior agricultural minister Mr McGauran correct when, two days later, he expressed concerns about the market-distorting effect of these schemes? Who is speaking for the government on this issue and what is the government’s position?