Senate debates

Wednesday, 3 September 2014

Questions without Notice

Superannuation

2:00 pm

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

I completely reject the assertion in the question by Senator Lundy. Workers across Australia are better off as a result of the decision the Senate made yesterday. Workers across Australia will have more job opportunities and they will have more money available either to spend to relieve cost of living pressures or to pay off their mortgage more quickly or to save it as superannuation and attract the tax benefits that come with that. They will have the choice. The Labor Party cannot get used to the fact that yesterday the Senate, with the support of the Palmer United Party, with the support of the Australian Motoring Enthusiast Party and with the support of Family First and the Liberal Democrats, decided to support stronger growth and more jobs, to put workers first—it made a decision in the national interest. The Labor Party and the Greens were completely irrelevant, and today when Mr Shorten was asked whether he would roll it back, he said, 'We're not going to tell you.' (Time expired)

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