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Collins tells opposition to ‘stop running scare campaigns’

The Nationals deputy leader, Darren Chester , is up next and asks the government to confirm that more than half of Australian farmers are not eligible for the CGT concession and will be exposed “to massively higher tax bills when transferring family farms to their children”.

The agriculture minister, Julie Collins , tells Chester that the question is wrong and that primary producer income will be exempt from the new 30% tax on discretionary trusts.

double quotation mark They really should stop running scare campaigns and they should be presenting the farmers with the facts.

Collins says that the National Farmers Federation supports the measures in the budget:

double quotation mark Family farms are generational businesses built over decades and often represent a family’s life savings and retirement plan. We’re pleased the government has listened, and that’s from the National Farmers Federation.