Senate debates

Tuesday, 12 May 2020

Questions without Notice

Superannuation

2:51 pm

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

There's just no truth to the premise of this question at all, because there's no proposition by government to go down that path. The government is not proposing to make that change. Early access to superannuation under hardship provisions is a longstanding arrangement and has been in place, I would think, since the inception of compulsory super, if not soon thereafter, and it's appropriate for that to be in place. It has been adjusted as we are going through this period to help Australian families get early access to their superannuation in the context of the hardship they may be facing, given the economic impact of the coronavirus crisis. That is entirely appropriate, but this is a temporary measure. We're not proposing to make it permanent. We don't think that would be appropriate, and that is not something that is on the table.

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