This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

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

The article has changed 15 times. There is an RSS feed of changes available.

Version 11 Version 12
Turnbull on capital gains: 'it would be remiss not to examine all proposals' – politics live Turnbull on Shorten: 'biggest glass jaw in Australian politics' – politics live
(35 minutes later)
4.37am GMT
04:37
Updated
at 4.42am GMT
4.35am GMT
04:35
Labor MP Tim Hammond is ejected.
Updated
at 4.44am GMT
4.32am GMT
04:32
Labor MP Graham Perrett gets leave pass.
4.31am GMT
04:31
Labor MP Mike Kelly gets the royal order of the boot.
Updated
at 4.33am GMT
4.29am GMT
04:29
Labor deputy Tanya Plibersek leaves the field.
Updated
at 4.34am GMT
4.28am GMT
04:28
Thursday afternoons get pretty loose.
4.18am GMT
04:18
Tony Burke to Malcolm Turnbull: I refer to his earlier answers where he has defended his industry minister describing One Nation as more sophisticated. Given it is now reported that One Nation, which the WA Liberal party will preference above the Nationals, of making hateful attacks on Muslims, Indigenous Australians, does the prime minister stand by his earlier answers? How long can the Turnbull government continue to pretend that One Nation is just like any other party?
Turnbull compares One Nation to the Greens, given Labor preferences the Greens.
Then:
The reality is that particularly at the federal level, parties allocate preferences in their own interest, and when we allocate preferences, we do so for the purpose of ensuring that more Liberal and National members are elected to Parliament. That’s our objective.
Then when Bill Shorten takes a point of order, Turnbull attacks Shorten directly, delivered with a level of venom.
What we saw there was the biggest glass jaw in Australian politics. We had his snivelling personal explanation earlier in the week, almost bursting into tears that the mean people on the government side had said nasty things about him.
He can’t take it and he can’t take the truth about his own hypocrisy, and there he is, standing up here, abusing the standing orders, defying the Speaker to give his torrent of abuse. Well, I will say this, Mr Speaker.
If the honourable member for Watson wants to know what my views are or my party’s views are on those issues, then you look to us, and we stand for a non-discriminatory immigration program, we stand behind Australia, the most successful multicultural society in the world. We support the United States Alliance, the bedrock of our security, which is not what the Greens party supports.
Updated
at 4.27am GMT
4.08am GMT4.08am GMT
04:0804:08
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?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.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 GMT4.04am GMT
04:0404:04
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.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.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”.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.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.The member for Lilley didn’t spend is once, he didn’t spend it twice, he spent it three times.
UpdatedUpdated
at 4.08am GMTat 4.08am GMT
3.58am GMT3.58am GMT
03:5803:58
Malcolm Turnbull on capital gains tax: it would be remiss not to examine all of those proposalsMalcolm 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.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.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.
UpdatedUpdated
at 4.04am GMTat 4.04am GMT
3.55am GMT3.55am GMT
03:5503:55
There is a government question on the need for assistance to provide more affordable childcare to assistant treasurer Kelly O’Dwyer.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?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:Turnbull:
The business of government will not be delved into by this fishing expedition.The business of government will not be delved into by this fishing expedition.
(Um, that is the point of question time.)(Um, that is the point of question time.)
Labor’s Tony Burke jumps up.Labor’s Tony Burke jumps up.
Ministerial responsibility according to practice. Why are we here?Ministerial responsibility according to practice. Why are we here?
UpdatedUpdated
at 4.03am GMTat 4.03am GMT
3.51am GMT3.51am GMT
03:5103:51
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?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:Morrison:
Our position is crystal clear. We are working to bring the budget back to balance by 2021.Our position is crystal clear. We are working to bring the budget back to balance by 2021.
UpdatedUpdated
at 4.01am GMTat 4.01am GMT
3.44am GMT3.44am GMT
03:4403:44
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
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.
Updated
at 3.37am GMT
3.31am GMT
03:31
There is another protest in the public galleries.
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!
3.30am GMT
03:30
Speaker Smith is getting frustrated. He started the day with a warning at 9.31am, a minute after parliament began.
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.
3.27am GMT
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.
Updated
at 3.35am GMT
3.24am GMT
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?
This is a chance to whack Chris Bowen.
3.23am GMT
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?
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.
Updated
at 3.34am GMT