Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

(Tasmania—) (): The particular measure that I have been outlining, which is effectively a tax cut—a very substantial tax cut—for 3.6 million low-income Australians, will cost $830 million, so it is a substantial cost to the budget and is funded by the mining tax. Where do the Liberal opposition stand on this measure? They have agreed to support the increase in the super guarantee but they have not agreed to support the tax cut for 3.6 million low-income-earning Australians. If by chance they decide to support this tax cut, they have one problem: they have no money to pay for it, because they have committed to reverse the mining tax. How will they pay for this particular measure? Or are they going to go to the next election arguing for a tax increase on 3.6 million Australians' superannuation? (Time expired)