Senate debates

Tuesday, 27 February 2007

Tax Laws Amendment (Simplified Superannuation) Bill 2006; Superannuation (Excess Concessional Contributions Tax) Bill 2006; Superannuation (Excess Non-Concessional Contributions Tax) Bill 2006; Superannuation (Excess Untaxed Roll-over Amounts Tax) Bill 2006; Superannuation (Departing Australia Superannuation Payments Tax) Bill 2006; Superannuation (Self Managed Superannuation Funds) Supervisory Levy Amendment Bill 2006; Superannuation Legislation Amendment (Simplification) Bill 2007; Income Tax Amendment Bill 2007; Income Tax (Former Complying Superannuation Funds) Amendment Bill 2007; Income Tax (Former Non-Resident Superannuation Funds) Amendment Bill 2007; Income Tax Rates Amendment (Superannuation) Bill 2007

Second Reading

6:40 pm

Photo of Andrew MurrayAndrew Murray (WA, Australian Democrats) Share this | Hansard source

I had foreshadowed my own second reading amendment and wish to move that in a moment. Before sitting down, I just want to advise the chamber that I had an amendment for the committee stage. I propose to withdraw that amendment. I understand that, as that was the only amendment for the committee stage, there will therefore be no committee stage. I move my second reading amendment:

At the end of the motion, add “whilst the Senate acknowledges the Australian Democrats’ view that the ‘Simple Super’ package of 11 bills makes a genuine and systematic effort to simplify superannuation rules and taxation, and to encourage older Australians to work and save more, the Senate accepts the Australian Democrats’ view that the bills are inadequate because they only address part of a much larger problem—problems remaining in the superannuation system and the broader income taxation system include the need to significantly improve the disposable income of low-income Australians both in work and retirement, to address the markedly lower super funds accumulated by women overall, and the continuation of super discrimination against same sex couples”.

Question negatived.

Original question agreed to.

Bills read a second time.

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