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

(—) (): I did read the article in the Australian this morning and, indeed, have been following their campaign against the high-balance super tax concessions. I would remind those in this chamber that the proposal by the government, the high-balance super tax policy that we have, affects about half a per cent of people with super balances over $3 million. They're still concessional rates of tax, just not as concessional. So I think we need to get a bit of perspective here. I understand the Australian is running a campaign against it. It's pretty obvious. We've seen contributions being made by a range of stakeholders about elements of the design of the tax policy. It remains Labor's policy. We think it's a modest and sensible change to the super concessions arrangement to ensure that super remains fair for all. (Time expired)