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You can find the current article at its original source at https://www.theguardian.com/australia-news/live/2017/feb/16/reports-coalition-planning-cut-to-capital-gains-discount-to-fix-budget-politics-live
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Turnbull on capital gains: 'it would be remiss not to examine all proposals' – politics live | |
(35 minutes later) | |
4.08am GMT | |
04:08 | |
Labor to Turnbull: The Melbourne Energy Institute has found that your plan to build new coal-fired power stations would cost $62bn. Given that this cost would have to be passed onto households, will the prime minister confirm the cost of his coal plan announced at the National Press Club as $62bn? | |
Energy minister Josh Frydenberg takes the question and amongst an attack on Labor, notes that Anthony Albanese - the alternative opposition leader - supports clean coal technology. | |
4.04am GMT | |
04:04 | |
Social services minister Christian Porter gets a government question on the National Disability Insurance Scheme which allows him to talk about Labor’s costings from 2013. | |
Porter says some of the savings Labor used to fund the NDIS were related to health insurance. | |
That saving was first announced on October 2012 with the member for Lilley [Wayne Swan] saying, “the saving taken will help rebalance the budget”. | |
It was reannounced, it would be redirected to partially offset the cost of the dental health reform package and then reannounced in the budget glossy as being applied to the NDIS. | |
The member for Lilley didn’t spend is once, he didn’t spend it twice, he spent it three times. | |
Updated | |
at 4.08am GMT | |
3.58am GMT | |
03:58 | |
Malcolm Turnbull on capital gains tax: it would be remiss not to examine all of those proposals | |
Malcolm Turnbull leaves the door open to the possibility of modelling a capital gains tax increase. | |
The honourable member knows very well that Treasury officials look at a whole range of options, a whole range of studies. We get discussions from various parties, from various interest groups associated with the budget, and it would be remiss not to examine all of those proposals, and to pay respect to them as well. | |
Updated | |
at 4.04am GMT | |
3.55am GMT | |
03:55 | |
There is a government question on the need for assistance to provide more affordable childcare to assistant treasurer Kelly O’Dwyer. | |
Shorten to Turnbull: Has the prime minister’s office, the treasurer’s office, or finance minister’s office, anyone junior in the Treasury’s office requested any advice or modelling to capital gains tax? | |
Turnbull: | |
The business of government will not be delved into by this fishing expedition. | |
(Um, that is the point of question time.) | |
Labor’s Tony Burke jumps up. | |
Ministerial responsibility according to practice. Why are we here? | |
Updated | |
at 4.03am GMT | |
3.51am GMT | |
03:51 | |
Bowen to Morrison: Why should Australians believe the treasurer when he says the government is not considering changes to capital gains tax given that just this week the government claimed the National Disability Insurance Scheme which was at risk is not a risk, tax increases by the government are not being prepared by the government, the Abbott government zombie measures were being retained and also being dumped. How can this government provide economic leadership when the treasurer every day contradicts himself? | |
Morrison: | |
Our position is crystal clear. We are working to bring the budget back to balance by 2021. | |
Updated | |
at 4.01am GMT | |
3.44am GMT | |
03:44 | |
3.43am GMT | |
03:43 | |
3.42am GMT | |
03:42 | |
Bowen to Morrison: On Tuesday the treasurer called for Labor to come out with our own alternative revenue measures. Yesterday the treasurer couldn’t recognise Labor’s reforms to capital gains tax as exactly that. Was the treasurer or his office responsible for the leaks to the Australian Financial Review today, or was it the prime minister’s office or his other opponents within the cabinet? | |
There is no answer but lots of Labor recklessness and Coalition sensibility. | |
Updated | |
at 3.59am GMT | |
3.41am GMT | |
03:41 | |
Scott Morrison gets a government question in which he talks about coalophobia. | |
The coalophobia by those opposite, treating coal like it’s some great Jabberwocky, it will cost jobs, it will cost business. | |
The slithy toves really do gyre and gimble in the wabe. | |
Updated | |
at 3.47am GMT | |
3.37am GMT | |
03:37 | |
WELL THAT ESCALATED QUICKLY.....Thanks Senator Ian Macdonald. Apparently the path to mass murder starts with the gold card. pic.twitter.com/DC0CgAGien | |
3.34am GMT | 3.34am GMT |
03:34 | 03:34 |
Malcolm Turnbull: "no intention or plan to change capital gains tax or negative gearing" | |
Foreign minister and WA member Julie Bishop is asked about energy security and prices. Cue the state election. | |
Shorten to Turnbull: Does the prime minister rule out changes to capital gains tax? | |
The finance minister this morning was absolutely correct and the government has no intention or plan to change capital gains tax or negative gearing. | The finance minister this morning was absolutely correct and the government has no intention or plan to change capital gains tax or negative gearing. |
Updated | |
at 3.37am GMT | |
3.31am GMT | 3.31am GMT |
03:31 | 03:31 |
There is another protest in the public galleries. | There is another protest in the public galleries. |
People are yelling: | People are yelling: |
Land rights for mining rights! Land rights for mining rights! Land rights for mining rights! Land rights for mining rights! Land rights for mining rights! | Land rights for mining rights! Land rights for mining rights! Land rights for mining rights! Land rights for mining rights! Land rights for mining rights! |
3.30am GMT | 3.30am GMT |
03:30 | 03:30 |
Speaker Smith is getting frustrated. He started the day with a warning at 9.31am, a minute after parliament began. | Speaker Smith is getting frustrated. He started the day with a warning at 9.31am, a minute after parliament began. |
Now he warns again: | Now he warns again: |
If members are going to interject wildly, as I’ve said before, they leave me no option but to ask them to leave under 94A. They will choose how often they are in the chamber. Many have worked very hard to get in the chamber. It surprises me they then work so hard to get themselves out of it once they’re here. | If members are going to interject wildly, as I’ve said before, they leave me no option but to ask them to leave under 94A. They will choose how often they are in the chamber. Many have worked very hard to get in the chamber. It surprises me they then work so hard to get themselves out of it once they’re here. |
3.27am GMT | 3.27am GMT |
03:27 | 03:27 |
Shorten to Turnbull: Today the member for Bennelong repeated his call for reform of capital gains tax and negative gearing. And if the prime minister won’t listen to first homebuyers, will he at least listen to a member of his own backbench saying the system needs to be reformed, and why does the prime minister refuse to simply say whether he rules out changes to capital gains tax or not? | |
Turnbull says the finance minister Mathias Cormann dealt with the issue this morning. Cormann said the story was wrong. | Turnbull says the finance minister Mathias Cormann dealt with the issue this morning. Cormann said the story was wrong. |
Updated | |
at 3.35am GMT | |
3.24am GMT | 3.24am GMT |
03:24 | 03:24 |
A government question to Barnaby Joyce: Will the minister outline to the house the effect that electricity prices will increase particularly in my electorate of Maranoa. How is the government protecting hard-working Australian families and businesses from unsustainable pressure on their hip pocket? | A government question to Barnaby Joyce: Will the minister outline to the house the effect that electricity prices will increase particularly in my electorate of Maranoa. How is the government protecting hard-working Australian families and businesses from unsustainable pressure on their hip pocket? |
This is a chance to whack Chris Bowen. | This is a chance to whack Chris Bowen. |
3.23am GMT | 3.23am GMT |
03:23 | 03:23 |
Cathy McGowan to energy minister Josh Frydenberg: The government tells us Australia should be able to achieve the policy trifecta of energy that is affordable, reliable and secure, and feedback from my electorate is that energy should be sustainable. Across Australia, there are more than 60 groups developing community energy projects and the most popular are community solar projects. In Indi alone, 24% of households have rooftops solar and the community initiative continues to drive amazing change at the grassroots level. My question, minister: What support can the minister and the government offer to communities in rural and regional Australia to help us move towards a community energy model? | Cathy McGowan to energy minister Josh Frydenberg: The government tells us Australia should be able to achieve the policy trifecta of energy that is affordable, reliable and secure, and feedback from my electorate is that energy should be sustainable. Across Australia, there are more than 60 groups developing community energy projects and the most popular are community solar projects. In Indi alone, 24% of households have rooftops solar and the community initiative continues to drive amazing change at the grassroots level. My question, minister: What support can the minister and the government offer to communities in rural and regional Australia to help us move towards a community energy model? |
Frydenberg talks about the solar communities program, the Clean Energy Finance Corporation and ARENA (the latter two of which the government tried to dump in the last term). | Frydenberg talks about the solar communities program, the Clean Energy Finance Corporation and ARENA (the latter two of which the government tried to dump in the last term). |
Government has been funding those programs and those programs have been funding community programs, he says. | Government has been funding those programs and those programs have been funding community programs, he says. |
Updated | Updated |
at 3.34am GMT | at 3.34am GMT |