Senate debates

Tuesday, 15 June 2010

Questions without Notice

Budget

2:01 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Climate Change and Water) Share this | Hansard source

The opposition are asking about the RSPT. That is the nature of the question. That is the tax reform that they are responding to. I can understand why the opposition are embarrassed about being reminded of their opposition to a reduction in the company tax rate and their opposition to increased superannuation for working Australians. We know that side have always had an issue with the fact that superannuation reforms put in place by Labor governments ensured that working Australians for the first time could share in the retirement savings which had previously been the preserve of wealthy Australians. This is a tax reform that is about a stronger economy and a fairer share for working Australians. We have also made clear in relation to the detail of the superprofits tax— (Time expired)

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