Senate debates
Wednesday, 23 November 2016
Bills
Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016, Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016; In Committee
11:48 am
Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source
The government will not be supporting these amendments. The Greens are asking the government to conduct a review into these bills before they have come into effect. There has already been a review of the bills by the relevant Senate committee before they are to come into effect. Down the track, after the bills have been in place and after this legislation has been in effect for some time, if the Senate chooses to pass it, I am sure our government or future governments will have another look at how these reforms have benefitted people across Australia with a more flexible, sustainable and fair superannuation system. But the time is certainly not, in the government's view, the time suggested in this Greens amendment.
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