Leader of both the Australian Liberal Party and Coalition Opposition, Tony Abbott, has announced his 'official unofficial' parental leave policy with an initial broad brush annual costing of over $3 billion per annum.
This is what Abbott told ABC TV Lateline:
TONY ABBOTT: Well, the total cost of this will be about $3.8 billion. About $1 billion will come from the baby bonus, $2.7 billion though I'm anticipating will come from a levy on the taxable incomes of larger businesses.
So what exactly does this mean at face value?
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