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(generated from captions) same time and we think that's connected to this incident somehow also, Sam.Thank you, Sophie. Here is Kochie. Now to growing battle over
negative gearing. Treasurer Scott Morrison is tipped
to make an announcement tomorrow on property investment taxation. But Labor beat him to the punch, recommending tough restrictions
for property investors.

The Prime Minister is critical, saying Labor's plan will do little
to tackle the budget deficit and will distort the housing market. To discuss this further I am joined
by Finance Minister Mathias Cormann. Good morning.

How many investment properties do you have?Well, I have about two. OK. Because our parliament Arians have 500 all up. Malcolm Turnbull has six, your colleague, Barry O'Sullivan has 42. Do you there is a bit of a conflict of interest amongst members of parliament and their own private interests?Members of parliament reflect the diversity of the community. I mean, you get obviously a broad range of people across the comubt in terms of the sorts of investments that they pursue in their circumstances, in order to get ahead and members of parliament are no different.Barry O'Sullivan with 42 though, he is not campaigning you or lobbing You? No.Good. What are you going to do with negative gearing on property? Well, the government hasn't made a decision. What we are focussed on is how we can improve our tax system. Labor wants to tax more, to spend more. We want to tax better without increasing the overall tax burden in the economy to strengthen growth and strengthen job creation. As part of that process, obviously, in last year's budget we reduced tax for small business. Before that we got rid of the carbon tax and the mining tax to reduce the overall tax in the community and moving forward. We will continue to have a look at how we can make our tax system more growth friendly. Because we seem to be talking a lot about tax reform but not much is being put forward to us in the electorate to make a decision on. When will some actual decisions be put before us?Well, the usual process is every year in the budget, the government puts forward its plan for the next four years. That's what we put - that's what we did in last year's budget when we pursued various tax cuts for small business. That's what we intend to do in this year's budget. In terms of our proposed economic reform agenda for a second term of the Malcolm Turnbull government, we will be putting that forward in good time for the budget. We will need for all of this to come through. Scott Morrison could be announcing the negative gearing stuff too. That may not be the case.Scott Morrison will be giving a very important speech. I will let him talk for himself, every year, the government considers a lot of information, weighs up all of the various submissions that are put to us about how we can improve our tax system. How we can improve the quality of our expenditure. How we can better get expenditure under