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Chalmers on negative gearing modelling: ‘we get advice from the Treasury on issues that are in the public domain’

To model or not to model, that is the question …

Shane Wright asks Chalmers to clear up whether he did ask Treasury for modelling on negative gearing and capital gains tax or if it was unsolicited.

Chalmers says negative gearing is “not something that we are proposing”, but that the government often gets advice on different issues from the department:

When it comes to the advice we get from the Treasury department, I said last year when you asked me lots of times … that from time to time we get advice from the Treasury on issues that are in the public domain.

We know that we rely heavily on the advice that we get there, whether it comes unsolicited or whether we ask for it, we rely heavily on it.

Asked again whether it was unsolicited, Chalmers says:

I said last year and I have said on a number of occasions now, that I sought a view. That’s different to commissioning modelling. The Prime Minister was asked about commissioning modelling. I sought a view.

He then rules out again any changes to those policies.

The question was in response to Albanese denying claims last night, that his government had modelled the impact of any change to negative gearing. He later had to clarify that the modelling did exist and that it wasn’t commissioned by his team. He said:

Under our public service, we value them coming up with ideas and various assessments, that is what happened. It certainly wasn’t commissioned by us.

Anthony Albanese and Jim Chalmers in Brisbane. Photograph: Lukas Coch/AAP
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Key events

Dutton rules out changes to GST

Dutton is asked whether he would consider any other tax reform like changes to the goods and services tax.

The opposition leader says “no”.

No in relation to GST is the answer… The indexation of tax brackets is not, it’s a fundamental change in the system but it is not replacing the income tax system with a new system.

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