Senate debates

Monday, 22 June 2015

Bills

Social Services Legislation Amendment (Fair and Sustainable Pensions) Bill 2015; Second Reading

7:48 pm

Photo of Richard Di NataleRichard Di Natale (Victoria, Australian Greens) Share this | Hansard source

You will not commit to reversing it if you are in government. You will criticise it and yet you will take the savings. You will bank them if you become the next government. If that is not true, come out and make the commitment, right now. They will not.

Let us look at what else this legislation delivers. This legislation delivers a review into retirement income, something that Senator Siewert has been battling hard, with the sector, to ensure that we can deliver on it. And we will deliver on that. We will get a review into retirement incomes, because it is true that addressing the issues of pensions is only one small part of what it means to live a decent retirement. We need to look much more broadly at issues like superannuation, retirement age, age discrimination and many other issues that feed into what it means to have a good, fair and decent retirement.

We do have, now, a review into superannuation taxation concessions. That is a start. We are having a national conversation about what it means to live a decent retirement, and superannuation tax concessions are a critical part of that. I look forward to both sides of politics supporting the costed Parliamentary Budget Office proposal for reform of superannuation that the Greens have now put on the national agenda. That is a good thing.

So what do we have? On balance, we have a reform to the pension system that addresses the issue—

Senator Conroy interjecting—

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