QUESTIONS WITHOUT NOTICE

Ms SPENDER (Wentworth) (15:09): My question is to the Treasurer. Your budget is framed around intergenerational equity, and I congratulate you for seeking to tilt the balance back towards young home buyers. A tax system that overburdens young workers is not only unfair; it is also unsustainable in an ageing population.

But to help young Australians build their wealth, we also need to reduce their income tax rates. This budget raises more than $77 billion in extra revenue over the medium term. When will you legislate to return that extra revenue to taxpayers by reducing income tax rates?