Mark Arbib (NSW, Australian Labor Party, Minister for Sport) Share this | Hansard source

Please let me answer this because they want the answer. There are 720,000 businesses that are incorporated in this country and they will benefit from the tax cut. But, at the same time as that, every business will benefit from the depreciation allowance; every business will benefit from the assets that they undertake.

Opposition senators interjecting—

Yes, they will. At the same time as that, businesses that undertake their payments through PAYG will benefit from a tripling of the tax threshold. They will get the tax cut as well. The Liberals have walked away from small business. (Time expired)