House debates

Thursday, 15 September 2016

Questions without Notice

Superannuation

2:26 pm

Photo of Malcolm TurnbullMalcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

I would refer honourable members opposite—indeed, all honourable members—to this very important principle of my government: we will seek always to improve our measures. If measures we propose or implement can be improved, we will improve them. We will listen to all those who offer criticism or suggestions for change—we will listen to them in good faith. If we can improve measures we will improve them. We have to recognise that policy making must be dynamic.

What we have done here with the superannuation changes is that we have presented a set of changes in one of the most complex areas of law imaginable. Very few Australians understand the operation of the super system. We all know that. The Treasurer and the Minister for Revenue presented 12 measures, all of which made substantial changes. Their advocacy and that of our colleagues secured support for all of them. One remained subject to considerable criticism from many parts of the community—from the opposition, from those stakeholders in the industry, from constituents and from colleagues.

We listened carefully to that and we thought, 'How can we achieve the objects of the package and meet those concerns?' It is a great credit to my colleagues that they have done that, and that they have done that in the constructive, modern way we operate government in 2016. (Time expired)

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