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Monday, 6 December 1999
Page: 12817

Mr McMULLAN —My question is to the Prime Minister. Prime Minister, do you accept that more than 80 per cent of Australian car buyers trade in one car to buy a new car or trade up to a better car when they undertake a car transaction? Do you accept that, if new car prices fall—

Government members interjecting

Mr SPEAKER —The Manager of Opposition Business has the call and is entitled to be heard.

Mr McMULLAN —Do you accept that, if new car prices fall, trade-in values will fall equivalently and, therefore, for that 80 per cent of car purchasers who trade up, the changeover price will not change and they will gain not one dollar?

Mr HOWARD (Prime Minister) —I will not take advantage of the hypothesis rule, but I tell you what I do accept: I do accept that the Labor Party is against a tax policy that cuts the price of Australian cars.