Bill Shorten (Maribyrnong, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

The member for Mackellar seems to be confused. The government is firmly committed to abolishing the Superannuation Guarantee age limit for all Australian workers. My second reading speech for the Superannuation Guarantee (Administration) Amendment Bill yesterday states that the bill will lift the SG limit to 75. It also states that after strong representations from the Labor backbench and the crossbench—the member for Lyne and the member for New England—the government has decided to remove the age limit for superannuation contributions altogether.

The government will introduce our own amendments to the bill to achieve this in a sustainable and prudent way that provides sufficient lead time for employers and older Australians to adjust, unlike the earlier stunt by the member for Mackellar which sought to impose immediate change.

See this speech in context