Senate debates Questions without Notice

Superannuation


Pauline Hanson

Pauline Hanson Queensland, Pauline Hanson's One Nation Party

2:42 pm

My question is to the Minister representing the Treasurer, Senator Gallagher. Australians are being crushed by rent, mortgages, groceries, power bills, petrol and insurance under this government. Under One Nation's three per cent super pay boost, a worker earning $90,500 could get an extra $44 a week by choosing to take three per cent of their future super contributions as take-home pay. Their existing super stays untouched. It is limited to three years. Minister, it is their money. If Australians are struggling to pay their rent or mortgage, why won't you let them use a small part of it now?

Katy Gallagher

Katy Gallagher ACT, Australian Labor Party, Minister for the Public Service

2:43 pm

I thank Senator Hanson for the question. The government will not support the policy that you announced this morning. We've seen it from those opposite a number of times, where they want to attack superannuation and end superannuation. This is the party that built superannuation, and we will fight to protect it. That's, in a nutshell, the government's position. We don't support the weakening of a system that is there to ensure that people are able to live a dignified retirement and not be dependent on the aged pension.

It is a long-term investment. It starts when you enter the workforce. You are able to build up over time retirement savings that give you that dignified retirement and don't require you to live or exist on the aged pension, and that is worth fighting for. We over on this side of the chamber have done whatever we can to support people with cost-of-living pressures, whether it be in energy bill relief, rebuilding Medicare, cheaper medicines, building more housing, making sure people can get into housing in a more affordable way—

It's no surprise to me that you're laughing, Senator Henderson, because you opposed us on housing, just like the rest on that side of the chamber have opposed everything we have done to increase housing supply and to make housing more affordable for Australians. We've fought to implement those policies, and we will continue to protect superannuation from those whose political ideology is to end superannuation, to reduce and weaken superannuation. (Time expired)

Pauline Hanson

Pauline Hanson Queensland, Pauline Hanson's One Nation Party

2:45 pm

Minister, One Nation has never advocated to get rid of superannuation. Minister, your government calls Australian super a 'national asset'—

Unidentified interjection - Hansard doesn't record who said this

Government Senators:

Government senators interjecting—

Sue Lines

Sue Lines President

I'm sorry, Senator Hanson; please resume your seat. Senator Hanson has the right to put her question in silence. Please continue, Senator Hanson.

Pauline Hanson

Pauline Hanson Queensland, Pauline Hanson's One Nation Party

One Nation says, 'It is their money.' Our plan is voluntary. It lasts for only three years, applies only to future contributions and leaves existing super untouched. Labor thinks Australian super belongs to the government instead of the people who earned it. Are you planning to dip into Australian super funds to pay down your trillion-dollar debt?

Katy Gallagher

Katy Gallagher ACT, Australian Labor Party, Minister for the Public Service

2:46 pm

A couple of things there—debt was forecast to be $977 billion in the year we came to government, so let's just put that on the record as a fact. In relation to superannuation, yes, it is workers' income. It is workers' money and it should be protected so that those workers, who have worked hard all their lives, when they finish working, can have a pool of money that is available for them to have a dignified retirement. That is what Labor fights for, for superannuation.

And I would say this to those who say that they care about workers' wages: well, support workers' wages to increase right now. I haven't seen One Nation do that. Support tax cuts right now. I haven't seen One Nation do that. Support the changes we made to make it more affordable for first home buyers to buy a house. You didn't support that either—because that would make a difference right now, Senator Hanson.

Pauline Hanson

Pauline Hanson Queensland, Pauline Hanson's One Nation Party

2:47 pm

Minister, you've accused One Nation's policy on superannuation of being inflationary. What modelling do you have that shows letting Australians access a small part of their own future super would be inflationary, or is this just another Labor lie?

Sue Lines

Sue Lines President

Senator Hanson, withdraw that last part of the question.

Pauline Hanson

Pauline Hanson Queensland, Pauline Hanson's One Nation Party

I withdraw.

Katy Gallagher

Katy Gallagher ACT, Australian Labor Party, Minister for the Public Service

2:48 pm

I haven't said that, Senator Hanson, but I caught a small part of your press conference where that was put to you, this morning, and you confirmed that seven million Australians would be eligible to withdraw money out of their superannuation. I think the journalists asked you the question: 'Well, if seven million can do that, without any eligibility around that, to pay rent or to pay a mortgage, then isn't that inflationary?' That was a proposition put to you in a press conference. People have different views about that, but, depending on a whole range of factors, there is the potential for that to be inflationary. But I had not used that.

I am simply standing here, saying, 'We will protect superannuation from those who want to end superannuation.' It was built by Labor, it's been strengthened by Labor, and One Nation, clearly, from the policy announced today, want to weaken it.

Sue Lines

Sue Lines President

I advise the chamber that Senator Babet has passed the next question to Senator Roberts.