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

Senator McDonald is quite right: it is a completely hypothetical question. It is making an assumption on something that has not been decided in any way, shape or form. The Turnbull government is committed to tax reform which is fair. We will pursue reforms which are fair to low- and middle-income earners. That is a commitment that we have, very clearly, made. Our most important focus, right now, in considering how the tax system can be improved, is on how we can ensure that the tax system can be designed such that we can be more productive, more competitive, more innovative and more agile, and how we can strengthen growth to ensure that we have the best possible opportunity for everyone across Australia to get ahead, to get a better job, to get better pay and to improve their living standards.