Arthur Sinodinos (NSW, Liberal Party, Assistant Treasurer) Share this | Hansard source

We will institute a Commission of Audit. We are removing the carbon tax, saving families $550 next year alone. The previous government's own modelling showed that GDP would be one-quarter of a per cent lower than otherwise without the carbon tax. The coalition government will remove the mining tax—remember the mining tax? It was going to raise $49.5 billion as the resources super profits tax? Revisions in PEFO, $4.4 billion. What has it raised to date? It is $400 million net. And you were going to have billions of dollars of spending—Mr President, through you—off the back of the rapidly receding resources super profits tax! That was another legacy you bequeathed the Australian people. And we have removed the fringe benefit tax on cars. (Time expired)