Mr HOCKEY (North Sydney—The Treasurer) (14:53): The matter is before the Senate— Opposition members interjecting— Mr HOCKEY: and it does not take effect until after the next election. Opposition members interjecting— The SPEAKER: There will be silence on my left! The question has been asked and we will listen to the answer. The Treasurer has the call. Mr HOCKEY: It is funny that, isn't it? It is really quite interesting: the Labor Party feigns this sort of outrage. I do not think there is a single event that better summarises the Labor Party than the fact that they stood up here and promised surpluses that were never delivered. They even claimed that they had delivered surpluses. Of course, the member for Lilley was the one who was incredibly proud of a budget that delivered ongoing deficits as far as the eye could see. The SPEAKER: The Treasurer will resume his seat. The member for Jagajaga on a point of order? Ms Macklin: My point of order is on relevance. It was the Treasurer that said, 'We haven't said that, so you shouldn't assume it.' The SPEAKER: Resume your seat! The Treasurer has the call. The Treasurer has completed his answer.