Senate debates

Monday, 6 March 2023

Questions without Notice

Superannuation: Taxation

2:34 pm

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

Thank you. But to finish that point—and I will come to the issue that was raised by Senator Askew—Senator Askew and those opposite, the 'no-alition', are arguing that others with much lower superannuation balances should be paying the interest on the debt that we are borrowing to keep the services of government going, rather than make this modest change for those that are fortunate enough to have $3 million and more in their accounts, an average of $5.8 million. Generally, death benefits are able to be withdrawn from the superannuation system. Members will have this option so they do not face additional tax.

Comments

No comments