Senator ARBIB (New South Wales—Assistant Treasurer, Minister for Small Business, Minister for Sport and Manager of Government Business in the Senate) (14:54): Thank you, Senator, for the question. I also thank you for the compliment. I really do appreciate that. I am passionate about small business, as is everyone on this side of the chamber because we understand its importance to the economy. There are 720,000 businesses— Opposition senators interjecting— Senator ARBIB: Please let me answer this because they want the answer. There are 720,000 businesses that are incorporated in this country and they will benefit from the tax cut. But, at the same time as that, every business will benefit from the depreciation allowance; every business will benefit from the assets that they undertake. Opposition senators interjecting— Senator ARBIB: Yes, they will. At the same time as that, businesses that undertake their payments through PAYG will benefit from a tripling of the tax threshold. They will get the tax cut as well. The Liberals have walked away from small business. (Time expired)