Nick Champion (Wakefield, Australian Labor Party) Share this | Hansard source

to move:

That this House:

(1)

supports the Government’s action to boost national savings by gradually increasing the Superannuation Guarantee from 9 per cent now, to reach 12 per cent by 2019-20; and

(2)

notes that the:

(a)

Government’s approach to superannuation will achieve two main outcomes—greater adequacy and greater equity;

(b)

removal of the tax penalties for superannuation contributions of low income earners;

(c)

reforms to superannuation will benefit around 8.4 million Australians; and

(d)

reforms will increase national savings and economic growth.

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