Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

It is my melancholy duty to inform the Senate that the Labor opposition, led by Mr Shorten, does not have an alternative plan for Australia. The Labor opposition, led by Mr Shorten, does not have a plan for stronger growth or to repair the budget mess that they have created. The other day, Mr Shorten came out and he said that the way to fix the budget is by reducing the advertising and by fixing the multinational tax loopholes that we supposedly reopened. The way the media commented on that was: 'Shorten, short on answers.' I could not have put it better myself, because there were actually no multinational tax loopholes that were closed by Labor that we reopened. That is because Labor put out some thought bubbles but they never actually legislated on their thought bubbles. When we came into government, Treasury advised that Labor's thought bubbles were not implementable. Right now, Labor is opposing $1.1 billion in savings for big business. (Time expired)