Senate debates

Thursday, 3 December 2015

Business

Rearrangement

10:19 am

Photo of Sam DastyariSam Dastyari (NSW, Australian Labor Party) Share this | Hansard source

I am going to be going all day. Fundamentally, what they have done by removing the threshold from $100 million to $200 million is a complete carve-out of almost 80 per cent of the companies that would have had to report if they had been strong enough and brave enough to have actually stayed firm.

I tell you who are the types of people who will fall out of the list. We know that Mr Withers, the head of 7-Eleven, is out. He has been covered. Thank you, Senator Di Natale!

Senator Di Natale interjecting—

No, he is out because of you. What we have is at least 500 private companies sold out because of a desperate leader of a desperate political party, desperate for relevance, selling out in the cause of tax transparency. (Time expired)

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