Mr ABBOTT (Warringah—Prime Minister) (14:48): We are proposing no changes to pensions until after the next election. The changes that we are proposing will make the pension fairer and sustainable. They will make it fairer, because they will give 170,000 pensioners with modest assets an extra $30 a fortnight, and more sustainable because we will take away the part pension from millionaires who own their own homes and who have a million dollars in assets in addition to that. We are happy for those people to keep the Commonwealth Seniors Health Card, because we appreciate that they have worked hard and saved. But our position is that we should not have millionaire part pensioners. Ms MacTiernan: Well, why didn't you say that going into the election! The SPEAKER: The member for Perth will desist! The member for Perth is warned! Mr ABBOTT: If anything could more clearly indicate the wonky moral compass of the contemporary Labor Party it is denying a pension increase to people with modest assets so that millionaires can keep a part pension. That is what they are doing; they are denying an increase in the pension of $30 a fortnight to people with modest assets so that millionaires can keep a part pension. That is what they are doing. What has happened to the once-great Labor Party that they have found themselves in this terrible position where even the Greens are more economically responsible than they are? That is the position that the Labor Party finds itself in now. They would rather leave millionaires with a part pension than do the right thing by people with modest assets. This is the extraordinary position that the contemporary Labor Party finds itself in. What it all means is that the Labor Party has lost its way. The Labor Party has lost its way, because this man is no leader.