Senate debates

Thursday, 17 June 2021

Bills

Treasury Laws Amendment (More Flexible Superannuation) Bill 2020; In Committee

10:24 am

Photo of Murray WattMurray Watt (Queensland, Australian Labor Party, Shadow Minister for Northern Australia) Share this | Hansard source

Just to wrap up my contribution, for those who haven't been following exactly what is being proposed in the amendment that Senator Hanson tabled yesterday on her birthday, the day she turned 67, the purpose of that amendment is to give a very generous tax concession to high-income earners who are aged 67 or older. It won't apply to people earning $30,000, $40,000, $50,000 or $60,000 a year, because—Senator Hanson might not realise this—people earning low to middle incomes don't generally have so much money set aside that they can make extra voluntary superannuation contributions. But those of us who are fortunate enough to be working here or in other high-income occupations do have that opportunity. So the amendment that Senator Hanson has moved will only benefit high-income earners, like Senator Hanson, who turned—

The TEMPORARY CHAIR: Sorry, Senator Watt, but Senator Hanson is on her feet. No amendments have been moved yet. Senator Hanson.

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