CHRIS O’KEEFE, HOST: Now, is the Prime Minister crazy or is he crazy brave, trying to kill off negative gearing? So, he confirmed that Treasury is looking at ways to potentially overhaul negative gearing and the capital gains tax discount. So, he had the opportunity to rule it out today at a press conference and he didn't. Now, I've been on the phone to sources within the Government and none of them know for sure if they'll end up re-badging the Bill Shorten policies from 2016 and 2019, reshaping them.

LUCY BREADEN, HOST: It is time to say hello to the Prime Minister, Anthony Albanese, who has been in the state today, in Tasmania, making some big funding announcements, including $120 million for a new Northern Heart Centre that will be in Launceston. You may remember a conversation I had with our Health Minister, I think it was last week, and he was saying, ‘no, this will be a 50/50 split with the Federal Government’. Well, today Anthony Albanese has come out and said, ‘we'll fund the whole thing’. There's also going to be a funding boost for Tasmanian state schools.

RICHARD GLOVER, HOST: Anthony Albanese is Australia's Prime Minister. And he joins us here on Drive. Prime Minister, welcome.

ANTHONY ALBANESE, PRIME MINISTER: Good afternoon, Richard. Good to be with you.

ANTHONY ALBANESE, PRIME MINISTER: Well, it's fantastic to be here with the Premier of Tasmania, Jeremy Rockliff, with my Education Minister, Jason Clare, with Senator Helen Polley and with Deputy Premier, Michael Ferguson here this morning. And this is a big day for the Commonwealth and a big day for Tasmania. The two services that are most important to people's lives are health and education. And today, we have some fantastic announcements on both. First of all, it's great to be here at Launceston General Hospital.

The Albanese Government will invest $120 million to establish the Northern Heart Centre in Launceston, delivering better health care for northern Tasmanians with heart disease.

The commitment will fund the establishment costs for the Northern Heart Centre, which is a key component of the Launceston General Hospital master plan that has been developed jointly between the Commonwealth and State Governments.

All Tasmanian public schools will be fully and fairly funded by the Albanese and Rockliff Governments following a historic agreement signed today.

Both governments have signed the Better and Fairer Schools Agreement and agreed to increase funding for all public schools in Tasmania to 100 per cent of the Schooling Resource Standard (SRS).

Tasmania has become the third state or territory to sign on to the Better and Fairer Schools Agreement.

KIM NAPIER, HOST: Prime Minister, Anthony Albanese. Well, that was impressive, wasn't it?

PRIME MINISTER: That was very impressive. You know, what you need is one of those wheels, though, with the flap, not a virtual one.

NAPIER: I wanted one.

PRIME MINISTER: I can do something about that.

NAPIER: Would you? And something about the fact that I have to bring my own tea bags.

ZANETA MASCARENHAS, MEMBER FOR SWAN: My name is Zaneta Mascarenhas, I'm the Federal Member for Swan. It is wonderful to be here at Cannington Station with the Prime Minister, Anthony Albanese, WA Premier Roger Cook, the Minister for Infrastructure, Rita Saffioti, and the fabulous candidate for Cannington, Ron Sao. This is an exciting moment. This is an amazing project that will unite communities.

GARY ADSHEAD, HOST: All right, welcome back to the Perth Royal Show. Now, there has been a VIP, I certainly know, in town this morning. The Prime Minister, Anthony Albanese. He flew in in relation to a METRONET announcement in terms of the level crossing situation as part of the whole METRONET development on that Armadale Line, which of course has been a source of frustration for a lot of people. But as it's come together, it looks like it's going to be a winner. The Prime Minister is on the line now. Thanks very much for your time, PM.

NAT LOCKE, HOST: The Prime Minister's in the house, everybody. Welcome back, PM.

ANTHONY ALBANESE, PRIME MINISTER: Great to be here.

LOCKE: Are you in the walls here? We can't get rid of you, like, you are back in WA all the time.

PRIME MINISTER: What have you done with Shaun?

LOCKE: Oh, he's on long service leave in Bali.

PRIME MINISTER: Upgrade.

LOCKE: Yeah.