House debates

Wednesday, 14 September 2016

Questions without Notice

Superannuation

2:44 pm

Photo of Kelly O'DwyerKelly O'Dwyer (Higgins, Liberal Party, Minister for Revenue and Financial Services) Share this | Hansard source

because, unlike those opposite, we are not making it up on the spot; we are going through a methodical process that ensures that we can deliver on our objectives.

Those opposite would actually punish people through the superannuation policy settings that they would deliver. They would say to those people who have time out of the workforce—for instance, young mothers who might take time out of the workforce, who will not be able to take full advantage of their concessional contribution—'You know what, we don't care about you being able to catch up on your contributions.' On this side of the House, we say, 'You should be able to take full advantage of your concessional contributions and we will allow you to do that on a rolling five-year basis.' Those opposite would stand in the way. We believe on our side of the House that it is important to have a level playing field for all of those people who would like to contribute into their super, no matter what their employment circumstances are—those people who, for instance, might be employed by a small business, who do not have access to salary sacrificing. We think they should have the ability to contribute concessionally to their superannuation. Those opposite would block them from being able to do that. They would block self-employed people from being able to take full advantage of their concessional contribution. On this side of the House, we believe in a sustainable superannuation system, and that is what we are delivering.

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