Jim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

Thanks to the member for Dunkley for her question. In her relatively short time in this place, she has been a real champion for the working people of her community and our country. This week in the parliament, our payday super reforms will help ensure that more Australians get paid their super when they get paid their salary. It's about making sure that workers' super is paid and paid on time. It's another proud Labor reform, which will mean more super for workers. That's our goal and that's what we are delivering.

It's not the only important change we're making to strengthen our super system. We legislated the objective. We increased the super guarantee four times to reach 12 per cent. We expanded the coverage of the performance test. We've aligned the financial reporting with public companies. We've got new mandatory service standards, reforming the retirement phase. We're paying superannuation on paid parental leave for the first time. And now our changes to better-targeted superannuation concessions and the low-income superannuation tax offset will mean that 1.3 million Australians will get more super when they retire.

These changes will make the superannuation system fairer from top to bottom. They mean a better deal and more super for low-income workers, and that's what those opposite are really objecting to, because, when they apply their narrow, extreme right-wing ideology in government, workers in this country don't get a look-in. We saw that for the best part of a decade. They are always looking to undermine, diminish and attack superannuation because they know that super is a proud creation of this side of the House.

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