Senate debates

Tuesday, 18 September 2018

Questions without Notice

Superannuation

2:12 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

Yes, there are. The risks are obvious. They are Labor and Mr Shorten. Because the Australian Labor Party and Mr Shorten have already injected uncertainty into this debate by throwing away bipartisan support for dividend imputation arrangements that have been in place for nearly two decades. First they had one tax attack on pensioners and retirees released in the middle of March this year, only to junk it two weeks later. Who are the targets of Mr Shorten's tax attack? Are they the undeserving rich? No—they are around 900,000 Australians, 45 per cent of whom are 65 years or older. 84 per cent of those Australians impacted by Labor's tax on retirees are on taxable incomes of less than $37,000. (Time expired)

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