Cormann, Sen Mathias

Senator CORMANN (Western Australia—Minister for Finance and Deputy Leader of the Government in the Senate) (14:48): It is funny to see how Labor is getting so obsessed with process. What I can assure Senator Bilyk and what I can assure people across Australia is that in good time before the next election this government will release our policy to improve our tax system, which we would intend to implement after the next election subject to receiving the trust and confidence of the Australian people at that election. We have not made any decisions yet. We have not reached any landing point yet on how we can best improve our tax system moving forward. When we are in a position to make relevant announcements, of course we will.