Senate debates

Tuesday, 2 September 2014

Questions without Notice

Superannuation

3:10 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Firstly, the next increase in compulsory super was due in 2015-16. That was on 1 July 2015. I do not expect whoever wrote that question for Senator Bullock to understand that, but the next increase was due on 1 July 2015 for the 2015-16 financial year. Instead of that, the increase will now take place on 1 July 2021. Now, 21 minus 15 equals six. That is the coalition's mathematics—21 minus 15 equals six. In the Labor Party, particularly in the faction that Senator Bullock runs in Western Australia, maybe 21 minus 15 equals seven. But, on this side of the chamber, we think it is six.

The answer to the other part of the question is an absolute resounding no. We are focused on building a stronger, more prosperous economy where we can provide better opportunities for all Australians, including and in particular making sure that the— (Time expired)

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