STATEMENTS BY MEMBERS

Mr HASTIE (Canning) (13:57): Before the last election, the Prime Minister ruled out changes to taxes not once, not twice, not three times. In his own words, he ruled out tax changes 50 times. The Prime Minister was clear as day—no new taxes.

People took him at his word because, apparently, his word is his bond. The Australian people trusted him, and how did the Prime Minister repay their trust? He betrayed them with an attack on aspiration.

He betrayed them with a war on creative, hardworking, risk-taking Australians. Labor's budget revealed the truth—that there are new taxes on housing, new taxes on small business, new taxes on savings, new taxes on startups, new taxes on families and new taxes on the people who build up Australia, the pioneers, the risk takers and the nation builders. Labor's new taxes will send our best talent overseas.

Labor has kickstarted a massive brain drain, and we will pay the price in prosperity. But we've learned something else, and it's that this prime minister will say anything to stay in power. That approach has consequences.

Australians will pay more taxes. We will all be less productive, less competitive and less secure. Australians will be poorer, and our nation will be weaker.

But the worst part of all of this is that the Labor government has no plan or ambition for Australia. Even with the world changing around us, we see no vision, no drive and no ticker, only new taxes and broken trust from this prime minister.