Senate debates

Tuesday, 7 March 2023

Questions without Notice

Superannuation: Taxation

2:43 pm

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

LAGHER (—) (): As we made clear in the announcement last week, announcing it ahead of the budget but foreshadowing that it will be in the budget allows for a period of further consultations. That will be happening. Treasury will be undertaking a public consultation process on the implementation details. And we are open to stakeholders' views, whether through the NFF or through others, around any refinements or any unintended consequences of these changes. That is the purpose of the consultation period.

I would also say to those who are opposing this change: this is a very modest change to raise a very small amount of revenue. We have a $50 billion structural deficit in the budget, left by you. That's every single year. This raises about $2 billion— (Time expired)

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