House debates

Thursday, 9 March 2023

Statements by Members

Superannuation: Taxation

1:58 pm

Photo of Brian MitchellBrian Mitchell (Lyons, Australian Labor Party) Share this | Hansard source

Over the past week, those opposite have been doing the rounds of friendly media, claiming the sky will fall in because we're adjusting concessional tax rates for super accounts worth more than $3 million. But of course, the vast majority of Australians—199 out of 200—have much less than that in their accounts; most Australians have $150,000 or less. If they had a balance of $3 million or more, they would love to be getting less taxation discount!

I want to send a clear message to the people of my electorate: we are on your side! We are on the side of the people in the electorates. We are on the side of families in Deloraine, Bicheno and Dodges Ferry who want more access to social and affordable housing. This government is on the side of older Australians in Longford and Swansea who want stronger Medicare. We are on the side of families in Gagebrook, Perth and St Helens who want cheaper medicines, and who are enjoying cheaper medicines as a result of this government. This government is on the side of young people in Bridgewater, Sorell, Campbell Town, Cressy and Prospect Vale who can access fee-free TAFE and more places in regional universities. We are on the side of teenagers in Brighton and Westbury who want to go to university, and who can access incentives to study teaching and medicine. We know whose side we're on. (Time expired)


No comments