Senator KEMP (Assistant Treasurer) (5:46 PM) —This is a fantastic proposition. I am being asked to stand up in this chamber and make comments about an organisation of which I have no knowledge and of which my advisers have no particular knowledge. It would be a very unusual thing for a person to be able stand up and say, regarding this particular object of spleen by Senator Faulkner, that we can give detailed advice. The measures we are considering are important measures. This is an excellent bill.

I have always said that the Labor Party judges the Liberal Party by the Labor Party's own standards. Therefore, people like Senator Faulkner go around seeing great plots and conspiracies—which certainly exist in his own party, particularly in the New South Wales division, which has a singularly unlovely record—and immediately attribute ill motives to the coalition. We just do not accept that, Senator. We do not behave like you do. We are a party that does not go around behaving in the fashion which you constantly try to portray. We are not the Labor Party.

You have concocted all of this, and I do not even know whether this body is a charitable trust or not. It would be a very brave minister who would take your word on these things. Having experienced many selective quotes from you in the past, I can say that it would be a very brave minister who would take anything you say on face value without doing a lot of careful checking; and that is exactly what I would always do with anything you said. But the advice I have is that a trust that donates to a political body is currently limited to $100. That is under the current law. That is the advice I have got.

Senator Faulkner interjecting—

Senator KEMP —Yes, but the huge scenario you have concocted is that people will be receiving considerable tax deductions and that this particular body can then make large donations to the Liberal Party. I am just pointing out to you that the advice I have from my advisers is that such a donation would be limited to $100.

Senator Sherry —What about loans?

Senator KEMP —Senator, you want to waste the Senate's time. Senator Faulkner, you have this obsession because you think that we are like you. We are not; we are quite different. We actually act in an ethical fashion.

With this whole scenario that you have built—all these questions and all these points of attack on the Greenfields Foundation—a trust is limited to a donation to a political party of $100. That is an exciting scenario, and that is the advice I have from my tax experts.