House debates

Wednesday, 20 June 2012

Bills

Tax Laws Amendment (2012 Measures No. 2) Bill 2012, Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2012, Pay As You Go Withholding Non-compliance Tax Bill 2012; Second Reading

11:41 am

Photo of David BradburyDavid Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

The member opposite says, 'Why are we keeping it?' Well, one may well ask why they have so vociferously opposed this government's efforts to increase the superannuation entitlements of working people. Of course, we know that they have opposed and have voted against our plans to increase superannuation to 12 per cent. This for a 30-year-old worker on an average wage, under our reforms, will mean that they will retire with an extra $100,000 of retirement savings. And it should come as no surprise to any of us that, once again, we have the opposition, the member for North Sydney and his colleagues, coming into this place opposing workers' entitlements.

I note that there are some references in the Australian Financial Review today to a speech that was given by Liberal senator, Senator Sinodinos, who has indicated that changes to industrial relations are on the coalition's agenda.

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