Speeches

Mr TONY SMITH (Casey) (16:02): I rise this afternoon to recognise the outstanding work of a young volunteer in the Casey electorate, and that is Prue Northey from Mount Evelyn. In 2010, Prue joined Yarra Ranges Relay for Life as a volunteer committee member, after participating in the event for many years. As she told the local paper earlier this year, her interest started after her cousin died from cancer at the age of 19, and so she went along to the Relay for Life committee and asked how she could become involved.
Mr TONY SMITH (Casey) (17:20): As always, I welcome the opportunity to follow the shadow Assistant Treasurer. I am chuffed that he has decided to stay for my contribution. It has rather made my day. He has asked a number of questions, which I will come to in a second. I am more than happy to answer the questions that continue to confound him. I would like him to end this day without any questions in his mind. The member for Fraser said a lot of things, but what he did not say revealed a lot as well. What he did not say was how much the Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015 was saving the forward estimates and the reason why the two schedules in this bill have been moved.
Mr TONY SMITH (Casey) (10:57): It is my pleasure to speak on this legislation that has such importance about it. We are here today passing this legislation to rectify the damage that was done six years ago in Labor's budget. I will not take up the time of the House to go through each and every measure in this bill; the previous speaker read out most of the explanatory memorandum. The minister outlined the importance of the main changes around options, eligible start-ups and deferral periods. But we do need to go to the history of this issue—why we are here today and why this is such an important day on employee share ownership for the start-up sector in particular. Those opposite say they believe in employee share ownership. I would say to them: to have credibility, they should acknowledge they made a monumental mistake six years ago—that is what…
Mr TONY SMITH (Casey) (17:27): It is a pleasure to speak on the Tax Laws Amendment (Small Business Measures No. 1) Bill 2015 that is of so much benefit to small business. I will deal with some of the measures within this package of bills that is coming alongside these shortly. But I cannot resist starting where the member for Chifley left off. The member for Chifley gave the parliament a lecture on the importance of start-ups, and we wholeheartedly agree start-ups are important. I know the member for Chifley pretty well. The member for Chifley follows these issues closely. But the member for Chifley, unfortunately, airbrushed away some of Labor's history. He lectured this side of the parliament on start-ups when it was his side of the parliament that did all they could to stop the start-up sector with respect to employee share ownership. I say to the member…
Mr TONY SMITH (Casey) (13:37): On Saturday I was pleased to attend the annual thanksgiving day breakfast hosted by the Mayor of the Yarra Ranges Council, Councillor Maria McCarthy. The breakfast was a wonderful opportunity to thank eight outstanding community contributors, people who do so much for the Yarra Ranges and Yarra Valley community.
Mr TONY SMITH (Casey) (15:29): It is my pleasure to once again speak on a matter of public importance moved by those opposite about the budget. As with all previous contributions from those opposite, there was not a mention of their record that has put Australia in the difficult budget position it is in, not a mention of their debt legacy and not a mention of what they would do to rectify it. You only need to go back and look at the figures—and we will never get the figures from them. Those opposite look back on the budget papers and they emotionally airbrush away their period in government. Because back in 2007, it is often said, they inherited no net debt. In fact, they inherited more than that. They inherited $44 billion in the bank. Within a year, they had spent about $30 billion of it. Within another year,…
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