House debates

Monday, 6 March 2023

Statements by Members

Superannuation: Taxation

1:33 pm

Photo of Stuart RobertStuart Robert (Fadden, Liberal Party, Shadow Assistant Treasurer) Share this | | Hansard source

Before the election, this government made a rush of promises, only to see so many of them broken. Remember the promise to cut your power bill by $275, a promise made over 90 times? Broken! Remember the promise of cheaper mortgages? Broken! Remember the promise of lower inflation? Broken! Now, in the chaos of the last two weeks, we've heard from the Prime Minister, the Deputy Prime Minister, the Treasurer and our favourite incompetent minister, the Assistant Treasurer, about the promise of no changes to super: broken, broken and broken! This government simply can't be trusted.

Frankly, Labor are making it up as they go—as in the Assistant Treasurer making out it's all about 'the hive' and about honey for everyone in the hive. Within the last two weeks, the Prime Minister has not ruled out further cuts to superannuation. The Treasurer refuses to rule out changes to negative gearing. The Treasurer, staggeringly, also refused to rule out changes to the capital gains tax exemption on the family home—only for the Prime Minister to run out on Patricia Karvelas's show and say, 'No, no; we're not going to do anything,' and for the Treasurer to then say: 'Oh, okay. I guess you're right, Prime Minister.' Labor can't be trusted when it comes to money. When they run out of money, they come after everyone's.