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Thursday, 16 February 2017
Page: 1347

Capital Gains Tax

Mr SHORTEN (MaribyrnongLeader of the Opposition) (14:32): My question is to the Prime Minister. Does the Prime Minister rule out changes to capital gains tax?

Mr TURNBULL (WentworthPrime Minister) (14:32): I refer the honourable member to my previous answer, in which I confirmed that the statement made by the finance minister this morning was absolutely correct, and that the government has no intention or plan to change capital gains tax or negative gearing. That is our position and has been our position. The only party with a commitment to increasing capital gains tax and abolishing negative gearing is the Labor Party. That is their commitment.

It is the investment that they are threatening, the jobs they are threatening and, indeed, the real issue today—in addition to Labor's failure on tax and their failure to support investment and jobs—is their reckless approach to energy policy. They will talk about anything except their failure to protect the jobs in the Hunter Valley, in South Australia and right around Australia—jobs that depend on reliable and affordable energy. Labor is incompetent. It has failed to put in place the measures to protect those jobs. And here he comes: the defender of the biggest glass jaw in Australian politics.

The SPEAKER: The Prime Minister will resume his seat. The Manager of Opposition Business? Has the Prime Minister concluded his answer?

Mr TURNBULL: I have finished it, yes.

Mr Rob Mitchell interjecting

The SPEAKER: And so are you, the member for McEwen. You can leave under 94(a).

The member for McEwen then left the chamber.