Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator Rennick for the question. I think we've been clear about the tax arrangements that we've put in place to address multinational tax and some of the changes that this parliament has proposed. As I've said a number of times, in terms of our tax reform agenda we've dealt with the revised income tax arrangements, which gave every taxpayer in the country a tax cut and in a fairer and better way. We have also got our super tax legislation that is before this parliament that we would like for those high-balance super accounts. And we have moved some legislation—in fact, this year, the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Bill passed the parliament, which limited interest deductions for multinationals and improved corporate disclosures on subsidiaries, delivering on key parts of the October budget's multinational tax integrity package. So that is what the government have announced; that's what we've done. We don't have plans as outlined by Senator Rennick.