Senate debates

Tuesday, 7 March 2023

Questions without Notice

Superannuation: Taxation

2:20 pm

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

That is information that I had around the indexation. I'll check if there's further information I can provide. But I will say: in 2016 the changes you brought in affected four per cent of people; in 30 years, they will affect 30 per cent. That's what happens. This is a very modest change. It allows for some budget repair to occur because of the budget that we have inherited. We have spent the last nine months going through the rorts, the waste, the unfunded promises, the legacy funding cliffs, the zombie measures and the billions and billions of dollars buried in that budget that you were not upfront about. We have gone through them. We are making sensible changes to assist with budget repair.

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