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Readers’ edition of question time. Send in your questions in the comments thread, on Twitter or Facebook – politics live Readers’ edition of question time. Put your questions in the comments thread, on Twitter or Facebook – politics live
(35 minutes later)
5.24am GMT
05:24
Back to live mode for a bit. The shadow treasurer, Chris Bowen, is getting the rounds of the kitchen on Sky News this afternoon about the opposition’s tax policy.
Sky News political editor, David Speers, has a bunch of questions about the negative gearing proposal. Can you negatively gear a knock-down and rebuilt property? Bowen says yes, if it’s a new property. New properties continue under current arrangements. What about a big renovation? No, Bowen says, a renovation isn’t a new build.
Won’t this policy impose a bunch of new (onerous) responsibilities on the Australian Taxation Office? Not really, Bowen says. The ATO will be given a definition of a new property in the revised legislation, and making rulings is standard procedure for the ATO.
Will house prices rise or fall? Bowen says his expectation is prices will continue to rise, but he’d like some of the heat to come out of the housing market.
Chris Bowen:
I’m making no claims prices will come down.
(Bit odd this, given Labor’s policy is badged a housing affordability policy. Which would seem to imply downward pressure on house prices. Labor’s policy does have a clear internal contradiction at its heart, and frontbenchers do stumble on this point in interviews. Labor wants to create the impression this policy will making housing more affordable yet it doesn’t want to say prices will come down, for obvious reasons. Bit tricky, this.)
Last question is on modelling: Why won’t Labor model the impacts of the policy? Bowen dances around that one too. He implies there’s lots of modelling out there, which of course there is, just not of Labor’s policy.
Bowen says Scott Morrison has the entire Treasury at his disposal and yet he won’t model Labor’s policy. The inference here is the Treasury work wouldn’t support the key contentions in the government scare campaign.
I hope for his sake the Labor man is confident of his policy ground here, because that’s a fair challenge to throw down to a treasurer who has all the advantages of incumbency.
Updated
at 5.31am GMT
5.11am GMT
05:11
Still coming in. Blessings.
@murpharoo How will the Senate voting reforms impact democracy? Does it make the future more secure for career politicians of major party?
KM: The main way Senate voting reform will impact democracy is clearing out the opportunity for micro-parties to gain representation on a tiny proportion of the vote. Basically the Senate will revert to three main parties: Coalition, Labor, Greens, with some others at the margins, like Nick Xenophon’s NXT. Xenophon entered the state parliament in South Australia on a tiny fraction of the vote and has translated that early opportunity into a durable political force. Under the new rules that will be adopted this week it is much harder for the Nick Xenophons of the future to do what he did.
@murpharoo Is this what an ALP spin doctor looks like? #qt pic.twitter.com/eREby9z6bb
KM: Cheeky.
Updated
at 5.24am GMT
5.00am GMT
05:00
From Zach Abramovich, via Facebook.
Q: Despite all the new debate over the plebiscite generated by the PWC report, is it correct to say that time has run out for the chance of anything but a plebiscite?
KM: I can’t see anything stopping the plebiscite as the mechanism to resolve this issue at this point – other than the election of a Labor government at the forthcoming election. Labor’s policy is no plebiscite and a parliamentary vote with 100 days. I think I said earlier on, I’m not entirely convinced the numbers are there in parliament for marriage equality at this stage. Hope I’m wrong about that, but I think some conservatives will need the cover of a plebiscite to vote in favour.
4.37am GMT4.37am GMT
04:3704:37
A bit more because I’m not inclined to waste a drop.A bit more because I’m not inclined to waste a drop.
@murpharoo Where are the ALP spin doctors? There is so much this Govt could be criticised about- $$$wastage on gulags, Ministerial turnover,@murpharoo Where are the ALP spin doctors? There is so much this Govt could be criticised about- $$$wastage on gulags, Ministerial turnover,
KM: There’s a few of them lurking around. I see them, lurking.KM: There’s a few of them lurking around. I see them, lurking.
@murpharoo To Dep PM." Is this truly the most exciting time to be contesting New England and as underdog will you be joined by Pistol & Boo?@murpharoo To Dep PM." Is this truly the most exciting time to be contesting New England and as underdog will you be joined by Pistol & Boo?
KM: Nobody tell Johnny Depp Barnaby Joyce is an underdog. Imagine the trans-Pacific repartee.KM: Nobody tell Johnny Depp Barnaby Joyce is an underdog. Imagine the trans-Pacific repartee.
@murpharoo why is so hard to tell the truth?@murpharoo why is so hard to tell the truth?
KM: Me, or them, Susan?KM: Me, or them, Susan?
@murpharoo What election issues do you consider will be will be much bigger than they currently appear to be?@murpharoo What election issues do you consider will be will be much bigger than they currently appear to be?
KM: Great question. Slightly hard to predict at this point. I would think though, if the prime minister is unable to settle the concerns of premiers about health funding in the coming budget, that the state of our hospitals in the future will be a significant campaign issue. I also think Labor’s tax policy and the debate around it will crank up several gears.KM: Great question. Slightly hard to predict at this point. I would think though, if the prime minister is unable to settle the concerns of premiers about health funding in the coming budget, that the state of our hospitals in the future will be a significant campaign issue. I also think Labor’s tax policy and the debate around it will crank up several gears.
4.29am GMT4.29am GMT
04:2904:29
More reader’s edition. This really is superb. Much better than actual question time.More reader’s edition. This really is superb. Much better than actual question time.
@murpharoo Who will be the first Independent to grow Trump hair?@murpharoo Who will be the first Independent to grow Trump hair?
KM: Good God woman. The mind boggles.KM: Good God woman. The mind boggles.
.@murpharoo Can we have a plebiscite on the defence white paper? #qt.@murpharoo Can we have a plebiscite on the defence white paper? #qt
KM: I really hope not.KM: I really hope not.
@murpharoo Question w/out notice Madam Speaker. Are climate and renewable policy no longer interesting now that Tony Abbott's gone? #qt@murpharoo Question w/out notice Madam Speaker. Are climate and renewable policy no longer interesting now that Tony Abbott's gone? #qt
KM: Climate and renewables policy is always very near the top of my pops, and is certainly of huge interest to us at Guardian Australia – and I believe all thinking voters in this country. No diminution of interest here Andrew. Promise.KM: Climate and renewables policy is always very near the top of my pops, and is certainly of huge interest to us at Guardian Australia – and I believe all thinking voters in this country. No diminution of interest here Andrew. Promise.
4.24am GMT4.24am GMT
04:2404:24
More reader’s edition.More reader’s edition.
Barnaby Joyce said this morning Tony W approved Shenhua exploration licence. True or False? https://t.co/Py6qkv4O8TBarnaby Joyce said this morning Tony W approved Shenhua exploration licence. True or False? https://t.co/Py6qkv4O8T
KM: He didn’t actually say that Lady C. From memory (call me out here if I’m wrong) he said the exploration license had happened when Windsor was the member for New England, which is a more general statement. That statement is like saying Katharine Murphy was in proximity to a blue light disco in 1982. More an inference than an accusation.KM: He didn’t actually say that Lady C. From memory (call me out here if I’m wrong) he said the exploration license had happened when Windsor was the member for New England, which is a more general statement. That statement is like saying Katharine Murphy was in proximity to a blue light disco in 1982. More an inference than an accusation.
What is the Coalition scared off @murpharoo? They are in such a strong position, yet come across timid in terms of policy and agenda settingWhat is the Coalition scared off @murpharoo? They are in such a strong position, yet come across timid in terms of policy and agenda setting
KM: What are they scared of? I imagine they are scared of what politicians are always scared of: stuffing up, losing an election. But I don’t think the current vacuum is a function of timidity so much as a function of having to recalibrate a whole government within sight of an election campaign, when the prime minister has limited discretion about “captain’s calls” given .. well, the past two years. That will create complicated conditions, and we are seeing them now.KM: What are they scared of? I imagine they are scared of what politicians are always scared of: stuffing up, losing an election. But I don’t think the current vacuum is a function of timidity so much as a function of having to recalibrate a whole government within sight of an election campaign, when the prime minister has limited discretion about “captain’s calls” given .. well, the past two years. That will create complicated conditions, and we are seeing them now.
4.06am GMT4.06am GMT
04:0604:06
From StableQuirks in the thread.From StableQuirks in the thread.
Questions Murph:Questions Murph:
1. Do you feel Morrison is making a sensible move by going into detail against Labor’s NG/CGT policy? On one hand he may find a hole in it, but on the other he is drawing attention to the fact that they have a policy and he doesn’t. Or is he just desperate for a clear talking point on the matter and none are coming from his side?1. Do you feel Morrison is making a sensible move by going into detail against Labor’s NG/CGT policy? On one hand he may find a hole in it, but on the other he is drawing attention to the fact that they have a policy and he doesn’t. Or is he just desperate for a clear talking point on the matter and none are coming from his side?
KM: In the broad? Sensible, in the conventional politics 101 sense. Labor’s position on negative gearing is a bold and electorally risky policy. Morrison’s objective will be to sink it and Labor along with it. One of the reasons, however, that Morrison looks silly right now trying to execute politics 101 is Labor can legitimately ask him what the government’s plans are. He doesn’t have an answer. Until he has an answer he’ll look desperate and political. When he has an answer (depending what the answer is) the playing field will level.KM: In the broad? Sensible, in the conventional politics 101 sense. Labor’s position on negative gearing is a bold and electorally risky policy. Morrison’s objective will be to sink it and Labor along with it. One of the reasons, however, that Morrison looks silly right now trying to execute politics 101 is Labor can legitimately ask him what the government’s plans are. He doesn’t have an answer. Until he has an answer he’ll look desperate and political. When he has an answer (depending what the answer is) the playing field will level.
2. Morrison asks why Labor hasn’t released PBO modelling. Is this something that’s exclusive to the Labor party and they must release it, or does the government automatically get this modelling from PBO as a matter of course (in which case why doesn’t Morrison just release it)?2. Morrison asks why Labor hasn’t released PBO modelling. Is this something that’s exclusive to the Labor party and they must release it, or does the government automatically get this modelling from PBO as a matter of course (in which case why doesn’t Morrison just release it)?
KM: Labor’s negative gearing policy has been costed by the PBO but there’s no modelling of the policy that we know of. Costing a policy and modelling its likely effects are two different things. I’d like to see some modelling on Labor’s policy, but I don’t think anyone has yet undertaken this exercise in detail. No, the government doesn’t get the PBO material, that’s material for whomever commissions it.KM: Labor’s negative gearing policy has been costed by the PBO but there’s no modelling of the policy that we know of. Costing a policy and modelling its likely effects are two different things. I’d like to see some modelling on Labor’s policy, but I don’t think anyone has yet undertaken this exercise in detail. No, the government doesn’t get the PBO material, that’s material for whomever commissions it.
3. Do you feel the Greens will be hurt electorally by dealing with the LNP on Senate reform, or does it depend more on what they do with preferencing or how they handle the potential DD trigger situation? Many here have compared the situation to the Democrats/GST issue, but I tend to feel this change isn’t anywhere near as much on the average voter’s radar, even Greens ones.3. Do you feel the Greens will be hurt electorally by dealing with the LNP on Senate reform, or does it depend more on what they do with preferencing or how they handle the potential DD trigger situation? Many here have compared the situation to the Democrats/GST issue, but I tend to feel this change isn’t anywhere near as much on the average voter’s radar, even Greens ones.
KM: It’s possible there will be a backlash on Senate reform, but I think you are on the right track when you note voter reaction on this will be the sum of many parts, not just this issue. I suspect Richard Di Natale has to tread quite carefully on the pragmatism front, given many Greens supporters are party of protest people, not party of government people. It’s a fine balance, particularly with Labor breathing down the Greens necks at the local level. The hand to hand combat for progressive votes at the local level is vicious.KM: It’s possible there will be a backlash on Senate reform, but I think you are on the right track when you note voter reaction on this will be the sum of many parts, not just this issue. I suspect Richard Di Natale has to tread quite carefully on the pragmatism front, given many Greens supporters are party of protest people, not party of government people. It’s a fine balance, particularly with Labor breathing down the Greens necks at the local level. The hand to hand combat for progressive votes at the local level is vicious.
4. From someone who hasn’t been a close follower of politics for a very long time, is it unusual that the Turnbull government has so little clear budget policy announced at this stage? I realise that they will obviously be slower than usual given he only became PM last year, but even so it’s been quite a while without any clear direction.4. From someone who hasn’t been a close follower of politics for a very long time, is it unusual that the Turnbull government has so little clear budget policy announced at this stage? I realise that they will obviously be slower than usual given he only became PM last year, but even so it’s been quite a while without any clear direction.
KM: We are in highly unusual circumstances right now. This government feels quite ancient yet in its current iteration it is only six months old. The current vacuum on budget policy, tax policy and economic policy is highly unusual, particularly given the proximity of the election. It is very odd to look at the government and see so much open space on the whiteboard. But folks close to the PM suggest a comprehensive strategy is in the wings. Not sure myself. Just have to wait and see.KM: We are in highly unusual circumstances right now. This government feels quite ancient yet in its current iteration it is only six months old. The current vacuum on budget policy, tax policy and economic policy is highly unusual, particularly given the proximity of the election. It is very odd to look at the government and see so much open space on the whiteboard. But folks close to the PM suggest a comprehensive strategy is in the wings. Not sure myself. Just have to wait and see.
3.47am GMT3.47am GMT
03:4703:47
Ok, here’s part one of the reader’s edition.Ok, here’s part one of the reader’s edition.
@murpharoo Does anyone else think it’s spectacularly creepy how much Tony and Margie look alike?@murpharoo Does anyone else think it’s spectacularly creepy how much Tony and Margie look alike?
KM: No Sonia, that’s just you. I’m always very disconcerted in the presence of very fit people, but that is just me.KM: No Sonia, that’s just you. I’m always very disconcerted in the presence of very fit people, but that is just me.
@murpharoo What is the funniest #QT intervention you've witnessed or heard of, NOT from the floor of the chamber?@murpharoo What is the funniest #QT intervention you've witnessed or heard of, NOT from the floor of the chamber?
KM: NOT from the floor of the chamber? That would be telling Graham. A breach of my ethics.KM: NOT from the floor of the chamber? That would be telling Graham. A breach of my ethics.
@murpharoo you have a $20 bill in your hand. You want to put on a bet on the election. What date do you go for? #qt@murpharoo you have a $20 bill in your hand. You want to put on a bet on the election. What date do you go for? #qt
KM: Just as the ballot is secret, so are the bets BuzzFeedz. Ask me in a week.KM: Just as the ballot is secret, so are the bets BuzzFeedz. Ask me in a week.
@murpharoo Is spending half a billion dollars on a plebiscite on marriage equality fiscally responsible in these times of fiscal restraint?@murpharoo Is spending half a billion dollars on a plebiscite on marriage equality fiscally responsible in these times of fiscal restraint?
KM: Couple of points Noel. I don’t think it will cost that much. At least I hope not. Much and all as I think the parliament should do its job and legislate for marriage equality, I don’t actually trust the parliament to do that at the present time. I know people say the numbers are there, but I’m not entirely sure about that. A yes vote at a plebiscite (assuming that’s where we end up) would give certain recalcitrants a nudge, so in that sense it could be money well spent.KM: Couple of points Noel. I don’t think it will cost that much. At least I hope not. Much and all as I think the parliament should do its job and legislate for marriage equality, I don’t actually trust the parliament to do that at the present time. I know people say the numbers are there, but I’m not entirely sure about that. A yes vote at a plebiscite (assuming that’s where we end up) would give certain recalcitrants a nudge, so in that sense it could be money well spent.
UpdatedUpdated
at 3.54am GMTat 3.54am GMT
3.37am GMT3.37am GMT
03:3703:37
I’m actually laughing so hard it’s hard to proceed, but we will. This is brilliant.I’m actually laughing so hard it’s hard to proceed, but we will. This is brilliant.
3.30am GMT3.30am GMT
03:3003:30
Oh man I’ve just seen the reader’s edition questions coming in. You folks are priceless. Give me a minute and I’ll start scooping them in.Oh man I’ve just seen the reader’s edition questions coming in. You folks are priceless. Give me a minute and I’ll start scooping them in.
3.28am GMT
03:28
A neat shutdown from Bowen but Morrison’s broad point is valid: the opposition will have to pick up its efforts to explain and sell the consequences of its policy given a large number of people seem to be undecided about it at this stage. That’s clear from this morning’s Ipsos poll. That poll shows 42% of the sample opposes changes to negative gearing, 34% are supportive, and 24% are undecided. That suggests a pretty open contest for a policy discussion. Probably best for the party proposing a substantive change to make sure people comprehend the details of the package rather than have them framed by opponents of the policy.
I mentioned earlier on that I’ve sought an answer from Labor about whether or not they will support the Muir motion on the ABCC. This is from a spokeswoman for Labor Senate leader Penny Wong:
Labor hasn’t seen the terms of Senator Muir’s proposed motion varying government business in the Senate this week. We will, of course, consider the motion on its merits. Labor is interested in the scope of the Liberal-Greens deal to ram through Senate voting changes this week ahead of a double dissolution election. Will the Greens gag and guillotine debate on the government’s bill? Will the Greens deny other senators the opportunity to debate their dirty deal with the Liberal party?
Clearly the opposition doesn’t want to telegraph its position in advance. The opposition also wants eyes on the Greens ahead of the debate on Senate voting reform legislation. Will the Greens gag the debate?
Another question could be asked that’s equally valid in this context – will Labor filibuster the debate to invite the Greens to support a gag?
Updated
at 3.57am GMT
3.18am GMT
03:18
Sticking with live for now. The shadow treasurer, Chris Bowen, is in Queanbeyan speaking to reporters.
Q: Mr Bowen, the treasurer has called on Labor to say what the effect on housing prices will be of your negative gearing policy. Will housing prices go down?
Chris Bowen:
At the risk of my colleagues thinking I’m going a bit soft, I’m almost feeling sorry for the treasurer. I mean, he has been reduced to a pathetic laughing-stock. Former strong treasurers of both persuasions must be shaking their heads that the treasurer of Australia, weeks before a budget is due to be brought down, is reduced to trawling through old newspapers and asking silly questions about Labor’s policy which have already been answered.
So before we’ll take Mr Morrison’s questions seriously, he should answer a few of his own. Three basic questions: What day will the budget be on? What is your tax policy? You said there were excesses in negative gearing; what will you do about them? Until then, his pathetic press releases should be treated with the contempt they deserve.
Labor’s policy has been costed out. We have answered hundreds of interviews. The first question on his list I answered on the Insiders program the day after I made the announcement.
If he spent more time working on his own policies and doing his day job instead of engaging in silly press releases, Australia might be better off.
Updated
at 3.58am GMT
3.12am GMT
03:12
Bring me your questions, folks
As there is no question time today I’ve made a snap decision to clear the floor for readers. I’ve just issued an open call for #auspol questions. Let’s call this the Politics Live readers’ edition of question time.
Send them my way either here, on Twitter, or on Facebook. I’ll deal with them in and amongst keeping you up to speed.
Updated
at 3.59am GMT
3.02am GMT
03:02
Not really. Just trust me, there were footnotes.
3.01am GMT
03:01
I should note there were footnotes with the Morrison questions. If you need them sing out.
2.59am GMT
02:59
The shadow treasurer Chris Bowen has produced a shorter list of questions that he’d like Morrison to answer. Call this a preview of question time this week.
1. What date will the budget be held on?
2. What is the government’s tax policy?
3. What will the treasurer do with the “excesses” of negative gearing that he has previously identified?
2.57am GMT
02:57
It’s been reasonably brisk in politics today despite the fact these folks are still travelling to Canberra. This is my first opportunity to post the questions treasurer Scott Morrison says Labor should answer about its negative gearing policy. Call this a preview of question time this week.
1. What is a “new” property? How would you classify a knock-down rebuild? Substantial renovations? Would a property no longer be new once purchased, or once lived in?
2. How will the ATO determine that a negative gearer is only claiming a tax deduction in respect of a new home, or a grandfathered investment?
3. Has Labor spoken with state and territory premiers and chief ministers about increasing land supply and changing planning rules? Will Labor continue with their policy if the premiers do not cooperate? What impact would their policy have on house prices and rents if premiers do not cooperate?
4. What is Labor’s reply to former Reserve Bank Board member Warwick McKibbin, who has said in relation to changes to negative gearing and capital gains tax that: “Doing something big now, it’s not the right time to do it”? Why does Chris Bowen list McKibbin as a supporter for the Yes case on their reforms?
5. The Urban Development Institute of Australia recently found that it remains difficult to respond to changes in property demand quickly because of “delays and uncertainty in the rezoning, planning and approvals processes”. On what basis does Labor believe that these issues will be resolved by the time its policy commences, as Tony Burke has previously suggested?
6. Did Labor do any modelling of the economy-wide and property market impacts of its policies before announcing them? Why did Labor announce a policy that would affect hundreds of thousands of investors and millions of Australian home-owners without conducting any modelling beforehand?
7. Why is Labor refusing to release its PBO costing of this policy, or the assumptions behind it? Does this analysis quantify the likely impact of the policy on the property market?
8. How can Labor claim that two McKell Institute reports and an ANU study that do not quantify the impact of a Labor-like policy on house prices or rents are sufficient modelling for its policy?
9. Does Labor acknowledge that more than half of the executive and 70% of the research fellows at the McKell Institute are former Labor MPs, staff or officials? How can their research be considered an independent source of modelling?
10. ANU research often cited by Labor draws no conclusions about the impact of a Labor-like policy on rents, saying that the restrictions on negative gearing in the 1980s were made in a very different market context and little can be inferred from that experience. Will Labor continue to claim that this research supports their conclusion that rents will not increase as a result of their policy?
11. The same ANU research finds that a Labor-like policy would affect 1 to 1.1 million people but only 100,000 to 200,000 would opt to purchase a newly constructed dwelling and therefore retain negative gearing. How many investors does Labor predict will no longer invest in the property market in Australia as a result of their policy
12. Saul Eslake is a well-known critic of negative gearing, however he does not appear to have published any modelling of the economic impacts of changes to it, and certainly not in respect of Labor’s actual policy. Does Labor acknowledge that Saul Eslake has not published any modelling on Labor’s negative gearing and capital gains tax policy?
13. Does Labor acknowledge that the NATSEM modelling cited in their policy document is actually part of an Australia Institute paper commissioned by activist group Getup?
14. Isn’t it contradictory for Labor to claim that no investor will be worse off and also that negative gearing is an unsustainable call on the budget? Do they want the existing number of negative gearers in the property market or not?
15. Labor frontbenchers have repeatedly claimed that negative gearing is a tax loophole. Why then do they not shut it down completely? Are they worried that property supply will dry up?
16. Bill Shorten has claimed that the Grattan Institute had done modelling on their policy. While Labor says their policy will only slow down house prices growth, is Shorten aware that John Daley claims that Labor’s policy would actually decrease house prices by around 2%?
17. Is Labor aware that economist Dr Peter Abelson of Applied Economics has estimated that house prices will fall by 4% as a result of Labor’s policy? Are they aware that this would represent a more than $30,000 loss on a house worth $800,000?
18. ABC Fact Check has confirmed that the largest group using negative gearing are those with taxable incomes under $80,000, John Daley has previously found that middle income Australians claim the most under negative gearing, and the Re:think discussion paper found that the majority of tax filers with negatively geared properties fall into the middle income bands. Why does Labor want to impose a new tax on middle Australia, the predominant users of negative gearing?
19. Won’t this discourage investment in small business by preventing investors from managing losses through negative gearing (of net dividend income) in years when business profits are low?
20. Will this increase insurance premiums for landlords, including commercial landlords, since the risks they face if they make a loss are more significant when they cannot negatively gear?
21. Will Labor introduce complexity into the tax system through a new active and passive assets test for investors who want to use negative gearing in relation to their business?
22. Is Labor considering preventing self-managed superannuation funds from borrowing to buy investment properties, in addition to the restrictions announced in its negative gearing policy? (Is this consistent with their superannuation policy statement that says: “If elected these are the final and only changes Labor will make to the tax treatment of superannuation”?)
23. Labor’s capital gains tax increase would give us the second highest CGT rate in the OECD. Won’t Labor’s change encourage Australians to invest in property or other assets overseas?
24. Since superannuation funds are excluded from the change to the CGT discount (and will retain the 33% discount they currently hold), will the new policy allow people to use SMSFs to avoid the new rules? Has Labor factored this into its costing?
25. Labor’s policy cites Martin Feldstein approvingly, but he wants CGT abolished completely. Does Labor also support this idea?
26. Shorten has previously said: “higher taxation reduces incentives to work, save and invest, which I believe are essential building blocks for ensuring Australia’s long-term economic growth.” In light of his new negative gearing and CGT taxes, does he still believe this?
27. Under Labor, a property mogul could use rental losses from their tenth property to offset rental income from the other nine. But mum and dad investors with only one investment property will no longer be able to use net rental losses to offset against their wage income. Why has Labor deliberately set out to hurt middle income investors while allowing property moguls to continue to use tax rules to carry on investing?
28. Under Labor, someone with a $1 million share portfolio could use net rental losses from their property investment to reduce the tax payable on their dividend income. But mum and dad investors will no longer be able to deduct net rental losses from their wage income. Why has Labor deliberately set out to hurt middle income investors while allowing wealthy investors to continue to use tax rules to carry on investing?
2.28am GMT
02:28
I’ve doubled checked. A spokesman for Di Natale says the Greens will not support the Muir motion to bring on the ABCC bill. This is Senate voting reform week, not ABCC week.
I’ve sought clarification from Labor on their intentions. As yet, no clarity.
2.23am GMT
02:23
Di Natale’s position on the ABCC bill requires a further clarification which I’ll seek when there’s a moment. Saying you won’t do anything to bring on the ABCC bill doesn’t entirely rule out supporting Muir.
2.20am GMT
02:20
Di Natale is asked about a preference deal with the Liberals in Victoria. He says the Greens will not preference the Liberals ahead of Labor in any seat. He says the decision is not up to him, but he believes it is inconceivable that the Greens would preference the Liberals ahead of Labor.
He says the Liberal party may well choose to preference the Greens ahead of Labor in some seats, if the party believes that strategy is in its interests. He notes this used to happen regularly. Liberals being opposed to Greens preference deals is a recent phenomemon. (He’s quite right about this.)