Mr BOWEN (McMahon) (14:58): My question is to the Treasurer. The former Treasurer, Mr Hockey, said, 'Negative gearing should be skewed towards new housing so there is an incentive to add to the housing stock rather than an incentive to speculate on existing property.' Does the current Treasurer agree with the former Treasurer, or did the former Treasurer have a better understanding of the Australian economy and housing market?