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

I will pick up that interjection by Senator Polley. It is actually working for all Australians and it is providing the same opportunity to all Australians. All Australians have the same opportunity to save and to invest in shares. All Australians have the opportunity to work hard, to save hard and to put themselves in a position where they can either look after their own needs in retirement or complement their age pensions. The opportunity is available to all on the same basis. We will protect the system by opposing Labor's measure and by exposing their falsehoods. Labor claims that this will not hurt low-income earners. Well, that is false. Just look at what Labor said back in 1998.

The Leader of the Opposition says, 'No-one will lose a cent from their share dividends, not a single cent.' That's false. More than one million people will now pay more tax. If not, where on earth does Labor's estimated $60 billion in revenue come from? The Leader of the Opposition says that— (Time expired)