Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) | Hansard source

Well, simply, we're not. We are dealing with a specific issue, which is the ability to borrow. It is a very small number of Australians who engage in borrowing against their super fund, and existing arrangements will be protected. I make the point that this policy was the subject of consideration by Mr Murray and the Council of Financial Regulators.

More broadly, Senator, the package that will be passed in the Senate tomorrow is pro aspiration, it is pro worker and it is pro investment. It applies the same rule across all asset classes, which keeps the system simpler and fairer, and it will include tax cuts for every Australian taxpayer both this year and next through the working Australians tax offset and the instant tax deduction. Now you have the opportunity tomorrow to vote for tax cuts. You have the opportunity to vote for tax cuts as part of this package. (Time expired)