Bill Shorten (Maribyrnong, Australian Labor Party, Leader of the Opposition) Share this | Hansard source

Thank you, I am glad you agree, Madam Speaker. These recidivists, these fairytale tellers of political lies said, 'You can't really trust us on super, but we'll delay it for just two years.' We knew that they were making it up. But they did say that; they put it in black and white.

A government member interjecting—

And don't call me 'genius'—you wouldn't be fit to even tie the bootlaces of the people who need this superannuation. Then we go further. Now they have got the chance to lift superannuation to 12 per cent, what do they do? They freeze it again. They do not know what they do. As a classic—

Mr Morrison interjecting—

Oh, Morrison, be quiet. They have no idea what they do. Have we heard any information at all from the economic neo-Luddites of the antisuperannuation brigade? Have they said how much it will cost an individual's account? They have no idea what it means to a 25-year-old now, earning $55,000. They have no idea what their change means. I will tell you. It means $9,516 less in their account. What about a 35-year-old who is on $75,000? Because of these changes, they lose nearly $13,000 in savings.

Mr Pyne interjecting—

Oh, Christopher Pyne, don't talk to me about wages. You have never seen a wage you wouldn't cut; you've never seen a student you wouldn't harm in terms—

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