House debates

Monday, 16 March 2015

Questions without Notice: Additional Answers

Superannuation

3:10 pm

Photo of Joe HockeyJoe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

I have absolutely no doubt you do not want to be the president of the Labor Party, Madam Speaker. This is a Labor Party policy document. It says: 'For most people, however, a debt-free home is as important a part of retirement security as superannuation income. Labor will therefore permit all Australians to draw whichever is the greater of $10,000 or 75 per cent of the vested benefit from their superannuation savings as a deposit on the purchase of their home.' That is where it first came from—the Labor Party. I table the document for them and if the Labor Party were not contradicting themselves all the time on these things perhaps they would be part of a proper conversation about how young Australians can get into their first home.

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