STATEMENTS BY SENATORS
Senator COLLINS (New South Wales—Deputy Opposition Whip in the Senate) (13:56): We are in the land of broken promises. Last night Prime Minister Anthony Albanese broke some very serious contracts with the Australian people, but this is a man very comfortable with breaking promises. First it was $275 off your power bill.
We all know that was a dismal failure an absolute lie. Last year the PM told us emphatically, 'The only tax policy we are implementing is the one we took to the election.' He said changes to capital gains tax and negative gearing were off the table, and in his own words he said that at least 50 times. Still, last night Anthony Albanese and his Treasurer Jim Chalmers dropped their new taxes on housing.
They axed negative gearing, they increased capital gains tax and they made a new tax on discretionary trusts. It is absolutely crystal clear to the Australian people that Anthony Albanese has run out of money and he's coming after yours. But that's not the most egregious bit of all.
While the good people of Australia bear the brunt of this cheap money grab, foreign residents disposing of renewables get a CGT exemption until 2030. Anthony Albanese's net zero obsession has come at a cost to Australian people, because guess how much that is going to cost the rest of us taxpayers—$425 million. It's absolutely outrageous, Labor.
You are— The ACTING DEPUTY PRESIDENT ( Senator O'Sullivan ): Senator Collins, resume your seat for one moment. Senator McAllister: A point of order. Reluctant as I am to interrupt the Senator, she does need to refer to members in the other place by their correct titles.
The ACTING DEPUTY PRESIDENT: Yes, I did remind Senator Thorpe of that point before. I did wait until the end of her speech so I didn't interrupt her, but I will remind Senator Collins that she does need to refer to others in the other place by their correct titles. Senator Collins, you may resume.
Senator COLLINS: I'm terribly sorry, Prime Minister Albanese. This is absolutely outrageous, Labor. You are no longer for the people.
You are not here for families. You have lost control of your budget and you have lost control of your sense. With this big-spending, big-taxing government, you, your children and your grandchildren will be paying for the debt long after Prime Minister Albanese has retired to his beach house in Copacabana.
Just remember, Labor are running out of money and now they are coming after yours.