Question time in federal parliament

QUESTION TIME IN FEDERAL PARLIAMENT

WHAT WE LEARNED * The top seven per cent of taxpayers will pay about 27 per cent of the funding gap for the national disability insurance scheme, Social Services Minister Christian Porter told MPs while noting 75 per cent of Labor's shadow cabinet agreed with the government's plan for 0.5 per cent hike in the Medicare levy.

* Treasury estimates of a $6.2 billion booty from the government's planned levy on big banks takes into account their reduced company tax liabilities and other tax collections, Treasurer Scott Morrison confirmed.

* Work has started on constructing a security fence around Parliament House, Speaker Tony Smith advised.

WHAT THE GOVERNMENT WANTED TO SPIN Labor is planning to put its hand in the till of every single company in this country and they will start with small business.

WHAT LABOR WANTED TO TALK ABOUT Why will banks and property investors get tax deductions while everybody else will be hit with increased fees because of the government's new billion-dollar levy on the nation's big banks.

THEY SAID WHAT

"The Labor shipbuilding plan was called the valley of death, a B grade movie title. What they left in naval shipbuilding was a desert." - Defence Industry Minister Christopher Pyne.

TWEETED

@SwannyQLD (Wayne Swan): The Liberals are B-grade hysterical today with the beetroot trifecta: Turnbull, Joyce & Pyne.

@TimWattsMP: Whatever Barnaby has, it's contagious apparently.