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Monday, 29 February 2016
Page: 1296

Taxation


Senator GALLAGHER (Australian Capital Territory) (14:57): My question is to the Minister representing the Prime Minister, Senator Brandis, and relates to negative gearing. Are retrospective changes to negative gearing on the table?


Senator BRANDIS (QueenslandAttorney-General, Vice-President of the Executive Council and Leader of the Government in the Senate) (14:57): Senator Gallagher, the Prime Minister has made the coalition's position on this matter perfectly clear.


Senator GALLAGHER (Australian Capital Territory) (14:57): I am not sure it is perfectly clear to anyone else. Mr President, I ask a supplementary question. I refer to the Minister for Finance's previous statement that the coalition opposes retrospective tax changes as 'a matter of principle.' Is this still the government's position?


Senator BRANDIS (QueenslandAttorney-General, Vice-President of the Executive Council and Leader of the Government in the Senate) (14:57): It has always been the position of coalition governments to have an in-principle opposition to retrospectivity.


Senator GALLAGHER (Australian Capital Territory) (14:58): Mr President, I ask a further supplementary question. Can the minister explain how it is fair that someone buying their second, fifth or tenth property gets more help from the government than somebody who is trying to buy their first?


Senator BRANDIS (QueenslandAttorney-General, Vice-President of the Executive Council and Leader of the Government in the Senate) (14:58): Because the government has no such proposal in mind, I do not accept the premise of your question.