Senator WONG (South Australia—Minister for Finance and Deregulation) (14:14): As everyone in this chamber knows, the opposition to return to surplus comes from those opposite, comes from the opposition. They do not need to listen to me to believe this because they can listen to their own shadow Treasurer who finally, on Friday, made it clear what their grand fiscal plan to fund tax cuts is. Do you know what it is, Mr President? It is to risk the surplus. What Mr Hockey said— Honourable senators interjecting— Opposition senators: There is no surplus! Senator WONG: I know they do not want to hear it, but they should listen to what Mr Hockey had to say. Honourable senators interjecting— The PRESIDENT: Order! When there is silence we will proceed. Honourable senators interjecting— The PRESIDENT: All you are doing is chewing up the valuable time of question time by disorderly interjections. Senator Wong, please continue. Senator WONG: Thank you, Mr President. For those members of the shadow cabinet— Opposition senators interjecting— The PRESIDENT: Senator Wong, resume your seat. As I said, when there is silence on both sides, we will proceed. Senator WONG: For those members of the shadow cabinet who may not have been aware of their new policy, they might want to know that Mr Hockey on 1 July said as follows: The truth about tax reform is that you have to leave money on the table for people, even if it means you are reducing the size of the surplus. This is their great plan to fund tax cuts: run down any surpluses in order to fund tax cuts that they have not costed and they have not funded. It is not surprising, Mr President, that they do not want to talk about this because it is extremely embarrassing for them that the shadow Treasurer's great plan for tax cuts is simply to attack the surplus, to risk the surplus. That is their plan! Honourable senators interjecting— The PRESIDENT: If senators on both sides want to debate it, they know the time to debate it is post question time. Senator WONG: I suppose the only thing one can say about Mr Hockey's comments is that at least he is being upfront about the fiscal recklessness of the opposition. This is an opposition with an $11 billion black hole, an opposition with a climate change policy which will cost $30 billion—$20 billion more than they told the Australian people—and an opposition that is blocking saves worth $6 billion. There are some on that side who do understand the importance of sound fiscal policy, but it appears that Mr Hockey is not listening. (Time expired.)