STATEMENTS BY MEMBERS

Mr HOGAN (Page—Deputy Manager of Opposition Business) (13:58): Something significant and something badly significant happened in this country two or three weeks ago when the Albanese government announced its budget and changed the risk-reward equation in this country. If you wanted to have a go, if you wanted to start your own business, if you wanted to put your own money on the line, if you wanted to hammer up a shingle or roll up a door and put your money and skills towards making money, there was a reward there.

Now there's a big change! What happens now is that you take the risk and the Albanese Labor government takes the reward. That's what's happening now—and that is a disgrace!

And why are they doing it? Because they don't understand it. None of them have ever taken that risk in private enterprise.

We now have one of the highest capital gains tax rates in the world, and that's what is going to kill the entrepreneurial spirit in this country. We on this side understand it. We will reverse these changes.

We will have the tax-back guarantee as well. There's one other thing that we all have to remember. There's one thing about not taking something to an election and then bringing these major tax increases to the public, but what is unforgivable is the deceit behind this.

When you say you're not going to do it—you should all hang your heads in shame. You went to the last election deceiving the Australian public.