House debates

Wednesday, 14 September 2016

Questions without Notice

Superannuation

2:51 pm

Photo of Andrew LeighAndrew Leigh (Fenner, Australian Labor Party, Shadow Assistant Treasurer) Share this | | Hansard source

My question is to the Minister—

Mr Pyne interjecting

Mr Joyce interjecting

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

The Leader of the House will cease interjecting. The member for Fenner will just take a seat somewhere there for a second. The Deputy Prime Minister and the Leader of the House are preventing me hearing the question. The member for Fenner can begin again.

Photo of Andrew LeighAndrew Leigh (Fenner, Australian Labor Party, Shadow Assistant Treasurer) Share this | | Hansard source

Thank you, Mr Speaker. My question is to the Minister for Revenue and Financial Services. Why won't the government join with the opposition to produce a package of superannuation concession reforms that will add $4.4 billion to the budget bottom line over the medium term?

Photo of Kelly O'DwyerKelly O'Dwyer (Higgins, Liberal Party, Minister for Revenue and Financial Services) Share this | | Hansard source

I am delighted to take a question from the member for Fenner. I really do hope that in his personal circumstances, now that Sam Dastyari is off the front bench, he might get a pay rise—

Photo of Tony SmithTony Smith (Speaker) Share this | | Hansard source

The minister will refer to members and senators by their correct titles.

Photo of Kelly O'DwyerKelly O'Dwyer (Higgins, Liberal Party, Minister for Revenue and Financial Services) Share this | | Hansard source

Certainly. You should have a fair day's pay for a fair day's work. Let me address this issue. It is critically important that superannuation policy is right, and it is critically important that we work together on a bipartisan basis to ensure that it is right. The coalition government has put forward a very detailed policy as outlined in the budget. Those opposite do not believe in some of the flexibility measures that would actually deliver for individuals the ability to contribute more into their superannuation to provide more in their retirement. We on this side think it is important to protect those flexibility measures, which is why we have argued so strongly for them. I welcome that the member for Fenner would like to join with the government and actually reach a bipartisan agreement, and I look forward to meeting with him and discussing his views on the superannuation policy that the government has announced.