Ms PRICE (Durack—Assistant Minister for the Environment) (16:13): Well, what a gift this MPI is! It's fantastic that we've been given the opportunity to address some of Labor's lies and deception. What better time to debate the merits of taxation policy than when all of Australia has just recently learned that the Leader of the Opposition is now waging a war against the business community? The Leader of the Opposition talks big about big business and why the private sector doesn't deserve tax relief, but we on this side know what he considers to be big business. Now we know—aha! The secret is out. Now we know that any company with an annual turnover of more than $10 million is big business. But there's more, to our surprise. Possibly a big business could also have a turnover of $2 million. There is more to come on that, I'm sure. We know that, if those opposite ever get the chance, they will repeal that legislation that we have recently introduced. Let's put that into perspective. If Labor gets into government, the 17,000 businesses in my electorate of Durack will pay higher taxes. Make no mistake: farmers, horticulturalists, retailers, boatbuilders and even the crayfishermen—or women, I should say—will all pay more tax, because that's what Labor thinks they deserve. Those that I have just mentioned are all small businesses, they're all family businesses, and they are the engine room of our economy. Labor's policies will see that engine grind to a halt. It's incredible when you think that the last time Labor were in government—a dark time; a nightmare at times—the Leader of the Opposition stood in this very chamber and told the country how wonderful it would be to lower the company tax rate. We know deep down he believes our policy is the right way to manage the economy. He knows it creates jobs and encourages Australians to have a go. In 2011 he pretty much said so: Cutting the company tax rate increases domestic productivity and domestic investment. Mr Sukkar: Who said that? Ms PRICE: Smart man, the Leader of the Opposition— More capital means higher productivity and economic growth and leads to more jobs and higher wages. Mr Sukkar: Very sensible. Ms PRICE: I'm sure the Assistant Treasurer would agree with that sentiment exactly. Clearly the Leader of the Opposition has been recently spooked by the member for Grayndler. I think he has panicked—to be fair, he's only human after all—and made a captain's call, taking his own colleagues by surprise. Let's talk about the myth the opposition have been peddling here today—that somehow we're cutting money from schools and hospitals. Every time they say something, you have to bear in mind that they cannot be trusted. You must always question it, because they cannot be believed. There are no cuts to school funding; in fact we're delivering record funding for Australian schools. In my electorate more than 23,000 students are enrolled across 131 public schools, so I know a little bit about school funding, because I have a lot of students and a lot of schools. This year those schools in Durack will receive funding of $91.8 million from those sitting on this side of the chamber. In 2027 those schools will receive a share of $163 million in federal funds. The funding per student will jump from $3,900 this year to nearly $7,000 over the next 10 years. Let's be clear: that's up, not down. Mr Sukkar: Very happy students. Ms PRICE: It's nice to see how the students in the gallery are all smiling. They might even be from Durack. My electorate has some of the most remote schools and, more than that, some of the most disadvantaged students in the country. Only the coalition is going to put money in the right places, into the schools where the students need our support the most. Let's talk about what the other side would do. They talk big about school money, but we can guarantee there would be special deals like there have been for those inner city schools in Melbourne and Sydney. You can guarantee that there would be no special deal for any child in my electorate, in the regional and remote areas of Australia. We're not going to sell out those kids—no way! We're going to make sure there are no backroom deals, so that our kids in remote and regional parts of Australia get the support they need. We know that those opposite cannot be trusted to deliver for Australia. They cannot be trusted to encourage and support businesses, whether big or small. We heard that today. The Leader of the Opposition can't even be trusted to consult his own party. The DEPUTY SPEAKER ( Mr Hogan ): The time for the discussion has concluded.