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

We stand by that commitment. We are delivering on that commitment in full. The changes that were endorsed by the Senate yesterday are beneficial changes for working families across Australia. They leave people with more money in their pockets. Guess what? There was to be a 0.5 per cent increase in compulsory super from 1 July 2015. Do you know how that was going to be paid for? It was not going to be paid by the government; it was going to be paid for through pay cuts for working families across Australia. The Labor Party should read Peter Martin's piece in the Fairfax papers today. They should read the comments that Bill Shorten made when he was the Minister for Financial Services. You are trying to create this illusion that somehow the big miners were going to pay for people's increases in superannuation savings. That was always false. That was always a deceit. This stops increases in compulsory super from out of people's pockets, and you are— (Time expired)