House debates

Wednesday, 3 June 2015

Questions without Notice

Superannuation

2:46 pm

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. The government's Murray review found that 38 per cent of superannuation tax concessions go to the top 10 per cent of income earners. The cost of superannuation concessions will soon outstrip the age pension and, as reported today, the chair of the Murray review has said that the failure to reform our superannuation system will leave it more vulnerable. Prime Minister, why is the government stubbornly refusing to reform superannuation tax concessions?

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