Bruce Billson (Dunkley, Liberal Party, Shadow Minister for Small Business, Competition Policy and Consumer Affairs) Share this | Hansard source

Employers. There you go. So that is funded by the employers while the government runs around as if there is some magic pudding with the mining tax funding that superannuation increase. You hear the shadow Treasurer—and perish the thought that it was coming from somewhere else—say that employer funded super comes from employers. What happens there? The government actually gets tax out of that contribution. Rather than say the government is paying for it out of the mining tax, they are actually grabbing a chunk out of it. As every small business is paying more into superannuation, the government is there getting a clip on the way through. So it is actually a revenue earner for them. This is quite bizarre, but that is part of our system.

Then there is the voluntary system, where people are encouraged to apply themselves and to make choices about their discretionary income to provide in a more accommodating way for their retirement. So what you have got is a rather stark and vivid choice. You have more of this uncertainty, more of this lack of long-term perspective, more of this monotonous nonsense from the Assistant Treasurer.

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