Senate debates

Tuesday, 7 March 2023

Questions without Notice

Superannuation: Taxation

2:38 pm

Photo of Bridget McKenzieBridget McKenzie (Victoria, National Party, Shadow Minister for Infrastructure, Transport and Regional Development) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. Farming families are frequently cash poor, but they make a living off farmland whose value has tripled on paper over recent years, value that will remain unrealised potentially for decades for intergenerational farming operations. Will farmers that hold such land in self-managed super funds be forced to pay tens of thousands more in taxes under Labor's doubling of the super tax due do nothing more than paper fluctuations in commercial property prices?

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