Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

Sorry; if you did, I didn't hear 'prior to preservation age'. There are rules about withdrawing super prior to preservation age, as Senator Birmingham well knows. But this is a very modest change to the superannuation system: 0.5 per cent of people will be affected. They have, on average, account balances in the order of $5.8 million, which is good for them, obviously. But we are in charge of having to repair a budget that is in structural deficit of $50 billion a year. That is what you left us. We are making very modest changes to begin the hard work of budget repair. This is a very modest change. It affects a tiny number of people compared to the changes that you brought in in 2016. (Time expired)