Senate debates

Thursday, 10 February 2011

Superannuation

12:30 pm

Photo of Christine MilneChristine Milne (Tasmania, Australian Greens) Share this | Hansard source

I seek leave to amend general business notice of motion No. 167 standing in my name for today relating to DIY superannuation funds.

Leave granted.

I move the motion as amended:

That the Senate—

(a)
notes that:
(i)
the Cooper Review into superannuation in 2010 recommended that private investment in art no longer be an eligible investment for do-it-yourself (DIY) superannuation schemes, and
(ii)
after a strong campaign by artists concerned that the local art market would be seriously damaged by this move, the Government promised during the 2010 election campaign to reject this recommendation; and
(b)
calls on the Government to:
(i)
abide by its election promise, and
(ii)
ensure that any conditions do not act as a disincentive for DIY superannuation schemes to invest in Australian art.

Question agreed to.

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