QUESTIONS WITHOUT NOTICE
Mr ALBANESE (Grayndler—Prime Minister) (14:11): We support small business, and that's precisely why we had $3½ billion of investment to assist small business in our budget. That's why, as well, in our budget, we had, of course, tax cuts again, making five lots of tax cuts, helping people who are in small business to go ahead. That is in addition to the tax cut that we have coming in on 1 July and the tax cut next 1 July and the legislation that we'll be bringing into the parliament on Thursday that will include, of course, our instant tax deduction, making an enormous difference going forward.
When it comes to small businesses, it isn't just the ones that I named; the Housing Industry Association have said: Making the instant asset write off permanent gives housing businesses— which are a major part of small business— the confidence to invest, grow and lift productivity. Business NSW said: … we welcome the government delivering … stability for small and medium businesses.
Right across the board, we have received support. The SPEAKER: The Leader of the Opposition on a point of order? Mr Taylor: On relevance, I don't know how much more specific you can be than to ask which small businesses will be carved out from Labor's broken promises and higher taxes?
The SPEAKER: As we've indicated before, you'd like a list read out to the House, I'm assuming. You would like a— Mr Taylor interjecting— The SPEAKER: You said, 'Something relevant.' Great. The Prime Minister is talking about the small businesses that he was asked about.
I can't, unfortunately, deliver what you would like. But if he wasn't talking about the small businesses that he was asked about, he wouldn't be directly relevant, so he is being directly relevant. We can keep going down this path, but that is the standing orders.
If you wish to change the standing orders, you're entitled to do so. But as they stand now, this is the way that question time has always operated. Mr ALBANESE: What I'm talking about is the lower taxes we're introducing for small business.
The lower taxes for small business—sums that those opposite don't seem to acknowledge even exists, whether it's the instant asset write-off, the permanent two-year loss carry back, the loss refundability to help startups, expanding tax incentives for venture capital or better targeting the research and development tax incentive. All of those are aimed very directly at supporting small business, because we do support small business.
We do support, as well, the opportunity of young people to get a roof over their head, which is something that those opposite do not support. They support entrenching inequality; we support aspiration for all.