QUESTIONS WITHOUT NOTICE

Senator WONG (South Australia—Minister for Foreign Affairs and Leader of the Government in the Senate) (14:04): The point I would make, and I'd again make it, but I think the deputy leader is deliberately not recognising what is— Senator Cash: She's deliberately asking questions on behalf of small business. Senator WONG: No, I think she's deliberately not interested in my response.

We are delivering about $3.8 billion in new business tax relief measures. This includes the $20,000 instant asset write-off, making that permanent; a permanent two-year loss carry-back for companies with turnover up to $1 billion— Senator Cash interjecting— Senator WONG: and increasing the turnover for the existing 50 per cent active asset reduction CGT concession from $2 million to $10 million—in other words, enabling more small businesses to gain that concession.

There is a separate process around innovative businesses. You are deliberately bringing them together in order to try and make mischief and we all understand that.