Christine Milne (Tasmania, Australian Greens) Share this | Link to this | Hansard source

I seek leave to amend general business notice of motion No. 167 standing in my name for today relating to DIY superannuation funds.

Leave granted.

I move the motion as amended:

That the Senate—

(a)

notes that:

(i)

the Cooper Review into superannuation in 2010 recommended that private investment in art no longer be an eligible investment for do-it-yourself (DIY) superannuation schemes, and

(ii)

after a strong campaign by artists concerned that the local art market would be seriously damaged by this move, the Government promised during the 2010 election campaign to reject this recommendation; and

(b)

calls on the Government to:

(i)

abide by its election promise, and

(ii)

ensure that any conditions do not act as a disincentive for DIY superannuation schemes to invest in Australian art.

Question agreed to.