Budget
Background
The opposition raised concerns regarding the government's tax legislation, specifically referring to it as a 'widows tax' and questioning the Prime Minister's awareness and actions regarding this provision.
Question
The member asked when the Prime Minister first became aware that the legislation included provisions described as a widows tax. He further inquired what actions were taken to prevent the parliament from legislating these measures and why caucus members were compelled to vote for them, asking if other defects remained undisclosed.
Includes 2 supplementary questions.
Answer from Penny Wong
The minister stated that the Treasurer had confirmed on Insiders on Sunday that the government would address the issue through grandfathering arrangements. She noted that multiple tranches of legislation were planned to resolve matters including startup exemptions and testamentary trusts. The minister argued that the opposition no longer opposed the core policy, acknowledging that the previous housing market status quo was unsustainable and disadvantaged first home buyers. She emphasized that the Labor caucus voted proudly for tax cuts for working people and fairer tax arrangements, contrasting this with the opposition's lack of clear direction.
Summary in reported speech - not a transcript. AI-generated, so check the source.
Read on OpenAustralia · Official Hansard (APH) · 4 points of order raised