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Tuesday, 20 March 2012
Page: 3499

Small Business


Mr ROBB (Goldstein) (14:53): My question is to the Treasurer. I refer the Treasurer to his statement yesterday that 'a company tax cut is important for 2.7 million small businesses'. How does the Treasurer reconcile that spin with his own economic note released on Sunday which shows that only 720,000 Australian small businesses are companies and, according to the latest Taxation Office data, less than 300,000 of the 2.7 million small businesses actually pay any company tax?

An opposition member: He's gone into shock!


Mr SWAN (LilleyDeputy Prime Minister and Treasurer) (14:54): I am always shocked by Curly over there, I can tell you that. Mr Speaker, we have—

The SPEAKER: Order! The Treasurer will remove himself from the chamber under the provisions of standing order 94(a).

The member for Lilley then left the chamber.

Mr Randall interjecting—

The SPEAKER: As will the honourable member for Canning.

The member for Canning then left the chamber.