Senator CORMANN (Western Australia—Leader of the Government in the Senate, Minister for Finance, Special Minister of State and Vice-President of the Executive Council) (14:02): I'm not aware of that particular analysis. But what I would say to you is the prospect of a return on your investment is precisely what we need in order to attract more investment into Australia so that we can continue to develop our economy, create more jobs and create an environment for higher wages. Australia needs foreign capital to develop its economy to its full potential. The more competitive we are in offering the opportunity for a higher return and higher profits, the more capital we will attract. The better we are able to improve our productivity, the more we are able to ensure we can generate in returns for our businesses. The more successful our businesses are, the more people they can hire as they grow. The more people businesses want to hire, the more competition there is for workers. And the more competition there is for workers, the more businesses have to pay to secure their services. This is what this is all about. The whole reason we need to have an internationally competitive business tax rate is so that we can successfully compete for investment from around the world into Australia— The PRESIDENT: Order, Senator Cormann! Senator Cameron, on a point of order? Senator Cameron: It's on relevance. The issue is: how much of the tax cut is going overseas? The minister has not got to that point. That's the fundamental aspect of the question. The PRESIDENT: Senator Cameron, I've allowed you to re-emphasise the point in your question. I cannot instruct the minister how to answer a question. I believe he's being relevant to the material. Senator CORMANN: We have many Australians who started a small business and who are now Australian champions involved in global competition. If you take a business like Qantas, and I see a number of distinguished Queensland senators here, it started with three employees and today it employs 30,000 Australians. And, do you know what? It is involved in a fiercely competitive global industry. The Labor Party wants to disadvantage Qantas by imposing higher taxes on them than their competitors face in other parts of the world. Do you know what that means? It means less job security for employees in businesses like Qantas and it means less opportunity for small- and medium-sized businesses to supply goods and services to them. We want more opportunities for people to get ahead. We want more jobs, more investment and more opportunities— (Time expired) The PRESIDENT: Senator Cameron, a supplementary question?