Senate debates

Wednesday, 15 November 2023

Bills

Treasury Laws Amendment (2023 Measures No. 1) Bill 2023; In Committee

5:37 pm

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

In January 2021 the then opposition leader, now the Prime Minister, gave a commitment that franking credits would not be changed, that the tax law in this regard would not be amended. He gave that commitment. Then a commitment was given on ABC Radio on 30 March 2021. Then a commitment was given in Tasmania on 15 December 2021. The then shadow Treasurer gave the commitment on 17 January 2022. Then the Prime Minister on ABC Radio in Perth on 4 March 2022 gave a commitment that there would be no change to franking credits. Then in September 2022 the Treasury distributed a consultation paper on its exposure draft legislation. In which month between March 2022 and September 2022 did the Prime Minister decide to break his promise?

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