Today is a great day for hard working Australian families because of our comprehensive personal income tax reform. They will be able to keep more of the money via this is the most comprehensive reform of personal income tax in a generation. It means that, from next year Middle income Australian families with two side with two parents each working and Middle income jobs will have over a thousand dollars returned in a tax offset and under as the whole plan rolls out to 24 25 we will get to the point where 94 percent of australians will not have to pay more than 32 and a half cents on every extra dollar. They earn the plan is thoroughly fair in fact, taxpayers in the 45 percent tax bracket which, by 24 25 will be begin at 200000 they'll, be playing a larger share of personal income, tax receipts than they are today, so that is on the highest incomes will continue to pay most of the tax. It is fair, it reward Boards and encourages enterprise. It encourages and enables aspiration that is what this is all about. That is what is delivering a stronger economy. Our economic plan for a stronger economy depends on the hard work of the Australian. It depends on them having the courage and the incentive and the initiative to have a go and get ahead to inspire to learn more to aspire to realize their dreams. We do not deny that we're not mister But we want to enabled and this tax reform plan, just as it does just that it is fair. It's comprehensive, it is well fought out. It is a long term plan. It's consistent with higher government revenues to enable us to guarantee essential services. It's consistent with the neighborhood to bring the budget back into balance, a year earlier, so we live within our means. It is enabled us to do all the things government needs to do to support australians, whether It's in health or education or National security or infrastructure, but above all, it says to Australian families. We believe in you, we believe in your aspirations we want you to realize your dreams. We want you to keep more of the money you've earned it's not the government's it's yours and we want you to be able to realize your dreams and get ahead this personal income tax plan is for you, thanks for Minister, today, astray leads you wanna get ahead of had a good week and I had a big win today at courtesy of the plan that has passed through the power of the plan that was set out in this year's budget part of a bigger plan for a stronger economy. That guarantees the essentials the distractions rely on that delivers the jobs that takes us dry and safe and ensures that the government can live within its means it's also a plan that gives Australian certainty about what the Texas tan looks like at into the future, so as that and more as they get more opportunities as I might do, extra shifts or simply You never this inflation mile if they wages, they will not be penalized for that. So it gives those families certainty and I wanna thank particularly the Prime Minister and finance Minister and the whole team that has been able to ship it back through the parliament and I appreciate the support of the powermat by than those who supported in the House of representatives the second time and those who supported in the Senate to ensure that this can be my possible should not, though, that the life of the party to die invited to try Cat that plan, which is worth more than a hundred and 40 billion dollars in tax relief for australians in half with a lot of party said today, is trainings is if they're elected in the next election. Personal income tax burden on this country will be 70 billion dollars higher over the next 10 years and that doesn't include the increase to the top marginal right which they say they'll take after off after a fees yeah sure they will there will be a higher personal income tax burden on australians and alive a little bee tax on and alive a and will be tax off continued and the government Diamond working families across Australia very grateful to their Senate for having supported much needed income tax relief for then uh Australian working families are particularly grateful to those across bench senators who decided to support than having the best possible opportunity to get ahead by being able to keep more of their own money more of the money that I've earned that the plan that the Senate voted for today is a long term plan to provide cost of living pressure relief in the first instance for lower Middle income earners, but it's also a plan to ensure that all working australians have the right incentive the riding Management the right reward for effort because we as a government, we want all australians to diet into the future, to have the best possible opportunity to get ahead and on a personal note, I'm very grateful to all those senators who have decided to support the government's plan in the Senate to diet this was all for working families across Australia. This was all about making sure that families around Australia have the best possible opportunity to get ahead. Thank you materials and thank you for your leadership in the Senate and thanks to All of the senators is invited for this vitally important perform today, so that's one down. One to go with a company tax cuts is still unresolved and spreading to the senators lesson. Sure to passage as this stage is the government's intention to put that to a vote in the Senate next week, regardless whether, as the numbers are not we continue to make the case for low taxes because it is the foundation for a stronger economy. We won't stray leaving families to have the opportunity to have more jobs, high wages see more investment to see more All businesses started and growing so we're committed to a competitive tax system for strength and you got it by night today as well. Um I'm an of course, there's always a lot of speculation in particular, among the press gallery on whether or not something we do not get up there was a lot of speculation relation to personal income tax cuts. Let me just make this very important point working families across Australia need their Senate to vote for our proposal to reduce business tax, write that right for all businesses Inform and that is because any decision to keep visitors Texas high here in Australia, countries around the world are lowering there's is a decision to help businesses overseas attack investment and jobs away from Australia. Nine out of 10 working australians work for private sector business. If we make a decision to put them on an ongoing competitive disadvantage by opposing higher taxes here in the face by the competitors and other parts of the world we're putting working Australian serious trailer competitive disadvantage so, of course, we Continue to persist and the press gallery will continue to speculate us throughout my online. What happen but we will continue to do the job that we were elected to do and that is to persuade majority of members of power in both in the House of representatives and in the Senate of the America fall plan for a stronger economy and more jobs. Prime Minister, on that, it's hard to be certain about these things, but I think pauline hanson just indicated that shit might be open to passing the company tax cups if you did more against multinational tax avoidance, would you be willing to do more on Texas Big companies to get the company tax through with her support we're off we're often offer the opportunity to meet with the members of the Senate here in the courtyard. We haven't done so in the past and were not going to start now. It's on the table last week, impact Center formerly can ask everything is on the table um with Santa hanson between in the negotiations they still on the table um. I know that you've given some uh in recent hours to Racism few other bits and pieces, but I'm not sure what you know but what the Prime Minister said is of course, the precisely right and that is that for very good reason, we don't conduct the discussions with cross bench senators through the media. We will not start today. Let me just sign relations issue that you've just rise that of course the government is always open to engage with all members and senators who were good ideas which they want to put to the government and the government is always prepared to consider the good ideas to the government by any member and senator who's prepared to engage with us it's a matter of public record that senator hanson has put forward a proposal that The government that we should consider it a trial that would provide a better, more effective support to apprentices in particular across regional Australia and the gospel of course, is very happy to consider that these have you accepted and enhances you know everybody don't send your hands on the surface put on the public record as one that she's put to the government and I'm happy to confirm that the government is prepared to consider the idea that she has put forward there's that on the public record, look a like that is the only thing that she's gonna Probably regular and obviously has been working around the tissue. There was an inquiry and we've been working through that foot for a long period of time you're aware of the the changes we've already made of the things like structures and we've been going through the prices of multinational tax avoidance reform now for, for many years there is no jurisdiction in the world that is taking the stronger position on multinational tax avoidance than the turnbull government minutes um seven billion dollars of revenue that is now being caught up in the strategies texan. It as a result of the reforms that we have put in place and in a few weeks time we'll be releasing. I feel the discussion At lawn in the budget and the whole area of digital taxation in the new economy that will be there for consultation and discussion, but when it comes to multinational tax, um the government is leading the way that um so it was over 100 people earning above 200000 dollars deserve a tax cut rather than dividing those billions of dollars to essential services. Well, let me just make this point at the end of the tax plan. Those on the hottest ride of techs will account for 36 Percent of the personal income tax that comes in to the Treasury coffers that is higher than what that is today is around 30 percent, so, under these changes, those on higher incomes will actually still and being pacing and share of the tax burden in this country that's. Why maintains its Progressive agility and the multiple of what average wages will actually be lower for those on the top tax bracket at the end of this planet is to die, so it is a fair tax plan, but, let's not forget those as they learn more in the system, take on the biggest share of the tax burden And the question is how much Texas to match that's the question to live a party it's clear that under the light of the party too much text is never enough just to go from stuck. I'm in a three day any reason why the National energy to guarantee you have to come back before it coalition party room before josh frozen that takes it to Detroit 19 at the beginning of all this well the National energy well, at any legislation uh that's required Lighting to the National energy garden table of course, come to the party room in the usual way, but we we have a very uh very uh active and uh discussion constant constantly about energy matters and I'm uh it's a matter of very clean interest uh Australian and indeed members of parliament members of the coalition and Iraqi concern by the way in which the combination of left wing ideology and has seen power process go up I've had a recent years now, thanks to our policy We are turning the corner we're seeing we've seen over the last year. Other cost of wholesale generation go down by 30 percent thanks to the actions it took. Philly strong lungs for a liberal Prime Minister relating to gas exports, we've seen the wholesale price of gas come down of the last eight months by around 50 percent uh now we've seen retail process, starting to come down and there's more to go as the energy security board has predicted so our focus is on delivering more affordable, more reliable power. Let's be quite clear the next Fashion is going to be very clear choice you'll have the life of party wanting higher taxes. We'll be standing for a lot of Texas. Life will be standing for future jobs will be standing for more drops. Will be standing for a stronger economy, live where we standing for a weaker economy and you know what that means a weaker economy and the labor means you cannot afford to pay for the infrastructure of the hospitals the schools the defense capability, all of those things the australians expect government to deliver need a strong Enemy to provide the revenues we need and our plan for a stronger economy is working record jobs, growth last year, highest in our Nations history, three point one percent gdp growth and now we've been able to achieve through the parliament, the biggest reform of personal income tax and the generation. So that 94 percent of australians will not pay more than 32 and a half cents in the dollar in an imaginative techs right and you know what that's saying to Australia and saying we believe in you, we are backing you. We are believing in and Back in your aspirations to get ahead that is the values the values, those are the values we stand for. We are inspired by the aspiration of hardworking australians, the life of party of today as the Australian financial review, said very well in the editorial. Today, these live at the modern labour party is mystified by aspiration. It denies it. It holds the aspirations and the dreams of hardworking australians in contempt and that is why they voted against our personal Contact me decide that question time calls you want you are not the only interrogators. We face in this building. Thank you very much