Senate debates

Wednesday, 23 November 2016

Bills

Treasury Laws Amendment (Fair and Sustainable Superannuation) Bill 2016, Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016; In Committee

11:02 am

Photo of Jenny McAllisterJenny McAllister (NSW, Australian Labor Party) Share this | Hansard source

I do not think that questioning the value of this package, when there are explicit assertions in the public domain about it being a package for men, and questioning the basis of the analysis of which those assertions are being made is wasting time, and I do not think Australian women will believe that that is the case either. You indicated that your modelling does not allow you to tell us how many of those 230,000 people will be women. Do you know what the average income of those 230,000 people might be? The reason I ask this is that at the moment, even without the measure that you propose, it is possible to put up to $25,000 a year into your superannuation on a concessional basis. I do not think that many women in part-time work returning from maternity leave or a period out of the workforce have a lazy $25,000 or more that they seek to put into their retirement. I just do not understand what analysis you can possibly have that suggests a behaviour changed that will see such a very significant change in behaviour for women working in low-income jobs.

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