Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

This is a major economic reform, an economic reform that will transform our economy, and like previous reforms those on this side will approach it in a fiscally responsible manner. We know of course that is not reflected in the policies of the other side. We know that the direct action plan promulgated by those opposite is, as Mr Turnbull says, a recipe for fiscal recklessness.

Senator Joyce interjecting—

Senator Joyce, that is what Mr Turnbull describes your policy as. As Mr Abbott himself admitted on 7.30 last night, the coalition's plan will be a hit on the budget. It will cost some $30 billion funded out of the budget, funded out of higher taxes—$720 per household in this country. That is the fiscally reckless plan promulgated by the opposition. (Time expired)