Joe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

The mining tax, designed by the member for Lilley, actually raised 95 per cent less than was forecast. In 1914, it was also a Labor Prime Minister and Treasurer, Andrew Fisher, who designed a tax for the introduction of probate and succession duties that was meant to raise one million pounds but raised just 39,000 pounds—96 per cent less than what was forecast. So Labor introducing a tax raising no money seems to be a once in a hundred years event. But I bet Andrew Fisher did not have the hide to spend money he never received.

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