House debates

Thursday, 27 August 2020

Bills

Treasury Laws Amendment (More Flexible Superannuation) Bill 2020; Second Reading

4:29 pm

Photo of Steve GeorganasSteve Georganas (Adelaide, Australian Labor Party) Share this | Hansard source

Can I just say thank you to the parliamentary staff and everyone who's made it possible for us to tune in from our electorates. Today I'm speaking to you from the electorate of Adelaide.

This bill, the Treasury Laws Amendment (More Flexible Superannuation) Bill 2020, is called the more flexible superannuation bill, but the bill isn't really about more flexible superannuation; it's just the realignment of different acts. So it's a very promising name but doesn't really change too much. I think it's important to raise the fact that, on superannuation, we know that the government's currently preparing to abandon a commitment made at the last election to stick to the legislated increase to the superannuation guarantee and boost super payments from 9½ per cent to 12 per cent.

Debate interrupted.

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