Mr HOWARTH (Petrie) (15:52): It is great to be able to talk on this MPI today. I had to laugh when listening to the members for McMahon, Sydney and Macquarie—three Labor members and all they could produce today was negative. It was nothing but negativity! The member for Macquarie, who has been here for five minutes, said, 'Negative gearing—we want it,' and, 'Their policy would see a change for a generation of young people.' Of course it will see a change for a generation of young people. People in parts of my electorate, where they are doing is tough and where they are paying rent—what will happen to them if you get rid of negative gearing? People will gear positively, and when they gear positively rents will go up. What will that mean for people on welfare and for people on pensions in my electorate and for surrounding electorates? So we do not need a lesson or negative gearing. The member for McMahon and the member for Sydney talked about superannuation and tax cuts. I will come back to that in a minute, but let's just remember that when Labor left office in 2013 they left Australians with a gross debt of $317 billion and $240 billion in accumulated deficits. And when they voted for that—those on the other side who voted for that—there was no thought for the future. There was no thought of, 'Well, how are we going to repay this later on?' When you look back to 1996, when the Howard government came in with a $96 billion debt they had to sell Telstra to pay it. They had a growing economy with the mining boom and everything else—surpluses every year. And then these guys racked up so much debt so quickly. There is nothing left to sell—how are they going to repay the debt? How are they going to make sure that future generations—my children and other children—are left without that? We had a clear economic plan—a national economic plan. In fact, we were the only party that went to the election with a clear national economic plan for stability, jobs and growth. In this week alone, we have seen billions of dollars in savings measures created. The member for Page spoke before about the trade agreements—how the trade agreements have been helping farmers in his electorate, and how they have been able to export more produce. In my electorate of Petrie, local companies like Job Fish have been able to export more spanner crabs. It is a flow-on effect. We know that exports are up. We have also seen as part of our national economic plan our advanced defence manufacturing plan. We have seen a plan for manufacturing around shipbuilding. Now, for the new members opposite—they may not know, but perhaps the people in the gallery know? Do you know how many ships Labor ordered in their six years of government? How many defence ships they ordered? Member for Corangamite—how many did they order? Ms Henderson: Zero! Mr HOWARTH: Zero! Zero ships when the member for McMahon was Treasurer, and the member for Lilley. We have ordered—what is it?—42 or 46? I cannot keep track, it keeps going up so fast. What it means is that a generation of people will have jobs in South Australia for years to come and beyond. Of course, we also have a clear plan in relation to company tax and what the benefit of cutting company tax will do for jobs. We know that small businesses under $2 million have about 10 people employed. When you up it to $25 million you might get 30 people employed, and up to $50 million maybe 140 people are employed. And all we hear from those opposite, from the member for Rankin and others who have been interjecting today, is that offshore investors will benefit from tax cuts and that the banks will benefit from tax cuts. Well, when does that kick in? A decade from now? Ten years from now? In the next three years the tax cuts will be delivered: for businesses up to $10 million this year, up to $25 million next year and up to $50 million after that. This will help jobs—it will help jobs in those areas in particular. A real estate business in my electorate—Bowmaker Realty—employs 24 local people. If there is a bit of a benefit there and they can increase their workforce by 10 per cent, then that is 2.4 jobs. If companies like East Coast Bullbars in my electorate, which employs 140 people, can employ 10 per cent extra then there are 14 jobs. Maybe the member for McMahon should talk to people on his own back bench who have run businesses before. I understand the member for Longman has run her own small business before. Maybe the member for McMahon should go talk to her before he ridicules company tax cuts and only talks about large businesses, because small businesses will benefit. In relation to multinational tax avoidance: will cutting company tax to 25 per cent from 30 per cent help that? It probably will. But they were not serious about it, because they did not vote for our measures either. Indonesia, our nearest neighbour, has a tax rate of 25 per cent. Singapore has 17 per cent, Ireland has 12½ per cent, Poland has 19 per cent and Montenegro has—what is it?—nine per cent over there. (Time expired)