House debates

Thursday, 15 September 2016

Statements by Members

Taxation

1:59 pm

Photo of Stephen JonesStephen Jones (Whitlam, Australian Labor Party, Shadow Parliamentary Secretary for Regional Development and Infrastructure) Share this | Hansard source

Before the last election there was only one member for Banks, and he sits right there. But after the election there were at least 75 members for banks. They start there and they move right the way down there. But there is only one member for big bank and he sits over there, and sometimes he is called the member for Dawson. Well, today we learned that the people who represent some of the poorest electorates in this country—and I am talking about the National Party—are staging a backroom revolt to ensure that the most privileged people in Australia can put over $500,000 into their superannuation to get the tax concessions that are denied to some of the most poorest people in this country.

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