QUESTIONS WITHOUT NOTICE
Senator WONG (South Australia—Minister for Foreign Affairs and Leader of the Government in the Senate) (14:10): The terms of the agreement with the Australian Greens to pass a tax package— Opposition senators interjecting— Senator WONG: I would make the point that the Australian Greens are prepared to vote for a tax cut for working people, but the coalition is not.
We have made it clear that we would have agreed to support an amendment to ban future borrowing arrangements by self-managed superannuation funds for residential property. I would— Senator Cash: What are the terms of the agreement? Senator WONG: The Prime Minister has been upfront about that.
If you want to vote for a tax cut, let us know. One day the coalition might actually vote for a tax cut. Do you know we've had five tax cuts that the Labor government's introduced that you have voted against?
The PRESIDENT: Senator Bragg? Senator Bragg: I have a point of order on relevance. The question was very clear about whether the proposed ban would apply to APRA regulated institutional and union backed super funds.
The PRESIDENT: Senator Bragg, you are absolutely right, but you could assist me by asking your colleagues not to intervene, because there was an interjection, and, as you know, a minister is entitled to address the interjection. Senator WONG: I made it clear in my opening response, Senator Bragg, that these arrangements would apply to self-managed super funds in relation to residential property, and I would say less than 10 per cent of self-managed super funds have one of these arrangements.
These will all be unaffected. The PRESIDENT: Senator Bragg, first supplementary?