Senator WONG (South Australia—Minister for Finance and Deregulation) (14:26): It is amazing how much they return to the desire to trash the trade union movement. My recollection, and I will correct this or add to this if I am wrong, is that the initiative which was announced in the budget was in relation to reporting arrangements— Senator Payne: It is a massive compliance issue. Senator WONG: It is interesting that the senator is so concerned about small business when her party is opposing a tax cut for small business. Let us be clear. Every time the Liberal Party come in here and argue about small business and pretend that they care about small business, they should be upfront with the Australian people that they must be the first coalition in decades who are actually arguing for higher taxation rates for Australian small business. So if she is worried about red tape and compliance I suggest that the senator might look at the economic lunacy of their position, which is about imposing higher taxes on this sector. But in relation to the initiative, I understand it is a payment reporting system designed to improve the tax compliance of businesses in this sector. (Time expired)