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| Turnbull flips and supports an effects test in competition law – question time live | Turnbull flips and supports an effects test in competition law – question time live |
| (35 minutes later) | |
| 4.10am GMT | |
| 04:10 | |
| That’s a fair lug of provocation, but Turnbull is responding in low key fashion. He says key economic indicators have improved during the past six months of his prime ministership. He says he’s pushing ahead with tough reforms, like media ownership and the effects test in competition law, the defence white paper, the innovation statement. | |
| Malcolm Turnbull: | |
| We have taken the hard problems out of the too hard basket. We have consulted carefully, considered it carefully and we have announced our decision. That is governing. That is making decisions, making hard decisions. | |
| 4.05am GMT | |
| 04:05 | |
| Shorten is talking about the shrinking prime minister. The shrinking treasurer. | |
| Of course this poor old treasurer must hate going to cabinet these days. Has this treasurer won a single economic argument with Barnaby Joyce since he got there? I understand it must be very embarrassing to lose arguments to Barnaby Joyce! | |
| Shorten wonders whether the treasurer has been to see the foreign minister about a diplomatic posting. Perhaps Washington? No, that’s gone. Perhaps something more low profile. New Zealand? | |
| Shorten says Turnbull has become the ultimate hollow man, nothing more than a paid advocate for the Liberal party. | |
| The reason why we’re not getting tax reform in this country is Mr Turnbull believes in nothing else other than himself. That is a very confident set of beliefs, I understand. | |
| Everything he said that he believed in before he came PM: tax reform, climate change, the CSIRO, even marriage equality – all of it’s been dropped. | |
| The only thing agile about this program are not his tax reforms, it’s his convictions. | |
| This man puts the vain into weather vane. | |
| 3.58am GMT | |
| 03:58 | |
| Here’s the Shorten suspension motion. | |
| That the House: | |
| 3.52am GMT | |
| 03:52 | |
| The suspension gives me a moment to share this happy snap of happy Bruce. | |
| While Bill Shorten is talking the former prime minister Tony Abbott is paying studious attention to his papers. | |
| 3.49am GMT | |
| 03:49 | |
| Shorten is now on his feet seeking to suspend the standing orders. | |
| 3.48am GMT | |
| 03:48 | |
| Malcolm Turnbull, continuing: | |
| What the honourable member is asking, he wants to know the contents of the budget on the 16th of March. He wants to know the budget on the 16th of March! They want us to present the budget in March! | |
| Well, Mr Speaker, the contents of the budget and tax changes contained therein will be delivered on budget night, in the normal way. | |
| And, look, Mr Speaker, the honourable members opposite, they were reckless and unwise enough to publish their own tax plans. | |
| Oh, yes. | |
| This is their special formula ... | |
| 3.46am GMT | |
| 03:46 | |
| Bill Shorten to Turnbull. | |
| Q: My question is to the prime minister. What is the government’s tax policy? | |
| Malcolm Turnbull: | |
| The leader of the opposition knows full well that any changes to tax in any government’s life are not announced almost invariably in the budget! | |
| Bill Shorten: | |
| I didn’t ask what the PM’s future tax policy is. I just wanted to find out what the government’s current tax policy is. | |
| Malcolm Turnbull: | |
| Mr Speaker, at a high level, philosophical level, our commitment is to taxes that are lower, fairer, simpler. We want to ensure that the tax system works as effectively as possible and applies the least dead weight loss to if economy. | |
| 3.39am GMT | 3.39am GMT |
| 03:39 | 03:39 |
| Malcolm Turnbull: | Malcolm Turnbull: |
| Lower house prices, higher rents, less investment, that can mean only one thing – fewer jobs, fewer businesses, less enterprise. That is Labor’s recipe: It’s a recipe for economic failure. | Lower house prices, higher rents, less investment, that can mean only one thing – fewer jobs, fewer businesses, less enterprise. That is Labor’s recipe: It’s a recipe for economic failure. |
| 3.37am GMT | 3.37am GMT |
| 03:37 | 03:37 |
| Bill Shorten to Malcolm Turnbull. | Bill Shorten to Malcolm Turnbull. |
| Q: My question is to the prime minister. Last year the prime minister said: “Bracket creep is seeing Australians earnings on average head into the second top tax bracket.” PM isn’t breaking your word on tax cuts more proof that every idea this prime minister has ends up going right down the drain? | Q: My question is to the prime minister. Last year the prime minister said: “Bracket creep is seeing Australians earnings on average head into the second top tax bracket.” PM isn’t breaking your word on tax cuts more proof that every idea this prime minister has ends up going right down the drain? |
| Now, Bill, about your negative gearing policy. | Now, Bill, about your negative gearing policy. |
| 3.34am GMT | 3.34am GMT |
| 03:34 | 03:34 |
| All the Dorothy’s today have been on the effects test thus far. | All the Dorothy’s today have been on the effects test thus far. |
| All business will be able to back themselves, will be able to take risks, will be able to engage in that entrepreneurial activity, which means that we can grow jobs in our economy. | All business will be able to back themselves, will be able to take risks, will be able to engage in that entrepreneurial activity, which means that we can grow jobs in our economy. |
| (This is small business minister Kelly O’Dwyer. I really have been here too long. I can’t quite wrap my mind around her supporting an effects test. Too much cognitive dissonance.) | (This is small business minister Kelly O’Dwyer. I really have been here too long. I can’t quite wrap my mind around her supporting an effects test. Too much cognitive dissonance.) |
| 3.30am GMT | 3.30am GMT |
| 03:30 | 03:30 |
| Bill Shorten to Malcolm Turnbull. | Bill Shorten to Malcolm Turnbull. |
| Q: My question is to the prime minister. The prime minister promised new economic leadership. The government promised tax cuts. Isn’t it true that all things that the government promised have gone down the drain and all that are left are the extreme cuts of the Abbott government’s 2014 budget? | Q: My question is to the prime minister. The prime minister promised new economic leadership. The government promised tax cuts. Isn’t it true that all things that the government promised have gone down the drain and all that are left are the extreme cuts of the Abbott government’s 2014 budget? |
| The prime minister thinks things are going well. Thanks for asking. The government is providing real economic leadership. | The prime minister thinks things are going well. Thanks for asking. The government is providing real economic leadership. |
| 3.28am GMT | 3.28am GMT |
| 03:28 | 03:28 |
| Green MP Adam Bandt to Malcolm Turnbull. | Green MP Adam Bandt to Malcolm Turnbull. |
| Q: My question is to the PM. NASA has just said that February was the hottest month on record ever. Smashing a century of global temperature records by a stunning margin, results that scientists have described as a climate emergency. Prime minister, do you agree with your own chief scientist that under current policies we are losing the battle against climate change? | Q: My question is to the PM. NASA has just said that February was the hottest month on record ever. Smashing a century of global temperature records by a stunning margin, results that scientists have described as a climate emergency. Prime minister, do you agree with your own chief scientist that under current policies we are losing the battle against climate change? |
| Turnbull says emotion and passion is all very well but evidence matters more. | Turnbull says emotion and passion is all very well but evidence matters more. |
| What we need in the response to global warming - and I don’t doubt the temperature figures that the honourable member referred to, but what we need is a clear commitment of all governments, all major economies, to emissions reduction strategies. | What we need in the response to global warming - and I don’t doubt the temperature figures that the honourable member referred to, but what we need is a clear commitment of all governments, all major economies, to emissions reduction strategies. |
| We have made those commitments. We have the policies in place. They are working. And that is the object of the exercise. This is not a question - emotion and passion all have their place. But in terms of reducing our emissions, what we need is policies that work. | We have made those commitments. We have the policies in place. They are working. And that is the object of the exercise. This is not a question - emotion and passion all have their place. But in terms of reducing our emissions, what we need is policies that work. |
| The policies that are in place are working, they are able to meet the targets that we committed to in Paris and if they do so and if other nations continue to do so we will be well on the way to ensuring that we meet the global objective. | The policies that are in place are working, they are able to meet the targets that we committed to in Paris and if they do so and if other nations continue to do so we will be well on the way to ensuring that we meet the global objective. |
| (Other questions also matter with respect. Policies working – well, that’s still moot right now – at what cost? That used to be a foundation question in climate policy, emissions reduction at least cost. You can’t say that about direct action.) | (Other questions also matter with respect. Policies working – well, that’s still moot right now – at what cost? That used to be a foundation question in climate policy, emissions reduction at least cost. You can’t say that about direct action.) |
| 3.21am GMT | 3.21am GMT |
| 03:21 | 03:21 |
| Bowen, persisting with Morrison and passion. | Bowen, persisting with Morrison and passion. |
| Q: My question is to the treasurer. The treasurer said the government wanted to deliver: “large personal income tax cuts, significant personal income tax cuts, big income tax cuts, very big income tax cuts and bigger income tax cuts”. Treasurer, what happened? What killed off the treasurer’s passion and what exactly does the treasurer stand for? | Q: My question is to the treasurer. The treasurer said the government wanted to deliver: “large personal income tax cuts, significant personal income tax cuts, big income tax cuts, very big income tax cuts and bigger income tax cuts”. Treasurer, what happened? What killed off the treasurer’s passion and what exactly does the treasurer stand for? |
| Morrison says it helps to have a surplus when you think about cutting taxes. Labor didn’t leave the government a surplus. He says the government looked at a tax mix switch but the numbers didn’t add up. Now we are at Labor’s wickedness on the negative gearing policy. | Morrison says it helps to have a surplus when you think about cutting taxes. Labor didn’t leave the government a surplus. He says the government looked at a tax mix switch but the numbers didn’t add up. Now we are at Labor’s wickedness on the negative gearing policy. |
| Scott Morrison: | Scott Morrison: |
| Under the policy of housing affordability, apparently the way you address housing affordability is stopping people investing in shops and shares and factories and partnerships and vehicles and all these things. | Under the policy of housing affordability, apparently the way you address housing affordability is stopping people investing in shops and shares and factories and partnerships and vehicles and all these things. |
| Mr Speaker, this government doesn’t rush out with ill-considered policies. | Mr Speaker, this government doesn’t rush out with ill-considered policies. |
| We leave that to those opposite. | We leave that to those opposite. |
| 3.15am GMT | 3.15am GMT |
| 03:15 | 03:15 |
| A Dorothy Dixer for Morrison on the effects tests being a consumer nirvana. | A Dorothy Dixer for Morrison on the effects tests being a consumer nirvana. |
| 3.13am GMT | 3.13am GMT |
| 03:13 | 03:13 |
| Shadow treasurer Chris Bowen. | Shadow treasurer Chris Bowen. |
| Q: My question is to the treasurer. In January, the treasurer said that fixing bracket creep was one of his highest priorities saying: ‘I’m quite passionate about it because I think it’s one of the things that is holding the Australian economy back.’ But now, less than two months later the government has walked away from income tax cuts. What is the point of this government? What has happened to the treasurer’s passion? And when will the government start governing? | Q: My question is to the treasurer. In January, the treasurer said that fixing bracket creep was one of his highest priorities saying: ‘I’m quite passionate about it because I think it’s one of the things that is holding the Australian economy back.’ But now, less than two months later the government has walked away from income tax cuts. What is the point of this government? What has happened to the treasurer’s passion? And when will the government start governing? |
| Scott Morrison says the government will do what it can to help people out there earning in the economy. | Scott Morrison says the government will do what it can to help people out there earning in the economy. |
| This is the government on this side of the House that got rid of the carbon tax, this is the government on this side of the House that got rid of the mining tax, got rid of the member’s opposite bank deposits tax. This is the government that has reduced taxes, not increased taxes in net terms. What we have done is delivered on our commitments to reduce the tax burden on Australians and that is what we are about. | This is the government on this side of the House that got rid of the carbon tax, this is the government on this side of the House that got rid of the mining tax, got rid of the member’s opposite bank deposits tax. This is the government that has reduced taxes, not increased taxes in net terms. What we have done is delivered on our commitments to reduce the tax burden on Australians and that is what we are about. |
| 3.09am GMT | 3.09am GMT |
| 03:09 | 03:09 |
| Moving on now to lost passions. | Moving on now to lost passions. |