Senate debates

Wednesday, 10 October 2012

Questions without Notice

Superannuation

2:37 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Wong. Can the minister confirm reports in the Australian Financial Review today, said to be based on advice from government sources, that the Gillard government has delayed but not shelved $30 billion a year in new taxes on Australian's superannuation savings? Given that such a super tax grab on superannuation savings would come on top of $7.8 billion in super taxes already, and would raise at least $120 billion in revenue over the forward estimates period, is that how the government plans to fill its $120 billion budget black hole?

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