Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The government's low-income superannuation contribution will remove the tax paid on contributions for low-income Australians. As from 1 July last year it will provide 3.6 million workers, including 2.1 million women, with a tax cut on their superannuation. I will give some analysis of the effect of the tax cut on people's compulsory contributions for 2012-13: around $338 for checkout operators, around $457 for childcare employees workings four days a week, around $450 for midwifery and nursing professionals working two days a week, around $360 for receptionists working three days a week, and I could go on. All of these people would face a tax increase were the coalition to win government; every low-income Australian would get a tax increase on their super. It shows what a risk to working Australians the opposition would be.