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Wednesday, 18 March 2015
Page: 2759

WYATT ROY (Longman) (13:31): Today we are stopping Labor's raid on ordinary Australians' bank accounts. When the Labor Party was in government they loved to spend Australian taxpayers' money, and at a much greater rate than they were saving it. We know they were spending about $2 for every $1 they were getting in revenue, and as they came to the end of their time in government the Labor Party made promise after promise after promise to return the Australian government's books back to a surplus. But of course they never reached that, and in those last few months of desperation the now Leader of the Opposition, as the financial services minister, thought it would be a great idea to raid the bank accounts of ordinary Australians—of ordinary people in my electorate trying to make ends meet.

I remember asking at the time what the next initiative from the Labor Party was going to be. They were raiding disused bank accounts—bank accounts that had been sitting there for only three years. What was next? Was the now Leader of the Opposition going to look in our piggy banks? Was he going to look in our spare change in the car? Where were these guys going to get money to pay for their ridiculous spending on things like pink batts and the blow-outs on border security and school halls that were twice the price they were meant to be? Today we are stopping that. Today we are stopping Labor's raid and returning that money for the future bank accounts of people in my electorate. It is a great change. (Time expired)