Rowan Holzberger (Forde, Australian Labor Party) Share this | Hansard source

Thank you, Deputy Speaker. I will obviously take that. The thing is that superannuation has been under threat. At every opportunity that the opposition have had to spike it or to sabotage it, they have. That's why the 12 per cent came in last year. The original 12 per cent was scheduled to come in in 2019, but it was deferred by the previous government—by those opposite. That deferral between 2019 and 2025 would have cost—the actuaries could work it out—billions or hundreds of millions at least. For an individual, it would potentially be a loss of thousands of dollars to an individual's superannuation account. So this bill really does build on the superannuation policies of the government, but really of the Labor Party. What we have at the moment is very much where I see—I do want to absolutely keep this relevant to this debate. For superannuation as a whole, though, I understand that there is a theory out there that individuals should be able to make decisions about their own financial choices on the road to financial freedom.

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