Chris Bowen McMahon, Australian Labor Party, Shadow Treasurer
3:45 pm
During question time today, the Minister for Social Services said:
I note that the member for McMahon has equated the tax concessions for compulsory superannuation contributions with a pension or welfare payment.
This is incorrect. In fact, I have repeatedly stated that the government's own budget papers outline that the cost to superannuation tax concessions will surpass the cost to the age pension in the next four years.
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