Senate debates

Thursday, 10 May 2007

Superannuation Laws Amendment (2007 Budget Co-Contribution Measure) Bill 2007

Second Reading

1:07 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

I take the interjection; it was supported by the Democrats. I was just about to remind the Senate: it was vociferously opposed tooth and nail, month after month, by the present government. I can recall some of the comments at the time by Mr Costello, Mr Howard and Mr Downer. The current foreign minister claimed that it was going to be socialism of the economy if you introduced compulsory superannuation: ‘You’re going to wreck small business, wreck employment.’ Now, the way they talk and the way the Treasurer boasts about his credentials on superannuation, you would think they had actually introduced it. My, how times change!

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