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

As I was also saying, the senator might like to be aware that there is one other tax instalment which is collected monthly not quarterly and that of course is the GST. Those opposite are now up in arms about the fact that there is a monthly instalment when in fact that was the design of the tax which they were very proud to have introduced. There are a number of OECD countries which make instalments on a monthly basis. Those are set out in the MYEFO. We have a three-year process of reform to implement this measure. There will be many consultations throughout that time. (Time expired)