Senate debates

Tuesday, 7 March 2023

Questions without Notice

Superannuation: Taxation

2:05 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

Does anybody know how many people in 30 years will be affected by the concessional contribution threshold change to superannuation that they made? That is 30 per cent of income earners—30 per cent. That's one in three income earners affected by the changes you made on super. So let's be clear about the long-term effect of non-indexed changes. Senator Gallagher was up-front yesterday about ours. I don't remember you ever saying, 'Oh, by the way, one in three Australians will be affected by Mr Morrison's changes.' The Australian people are onto you, and they know what you are about, and you're not about average income earners. You're not about families who are struggling to make ends meet. You are all about yourselves, and you're all about politics.


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