Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

So, it's not a tax increase; it's about closing a loophole. Senate question on notice 1694 asked how much of the revenue raised through that measure comes from personal income tax receipts. The answer from the Treasury read: 'Over the forward estimates, personal income tax receipts are expected to increase by $150 million as a result of this policy. Does the government maintain that the measures contained in schedules 4 and 5 are not a tax increase on Australian investors?