Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

The only problem was that they were paying for it with the mining tax, the genius invention of the former Treasurer, the member for Swan. The mining tax was going to pay for the low income superannuation contribution. That was their genius plan to pay for a genuine improvement in superannuation, which in our budget we sought to restore in the form of the Low Income Superannuation Tax Offset. We came up with a way to ensure that those on incomes of less than $37,000 would be able to not pay more tax on their superannuation contributions than on their own income. We achieved that in the measures that we outlined in this budget and in the measures we announced today. When those opposite want to spend a lot of money, they never come up with the revenue or the other savings, more importantly, to pay for it. When it comes to childcare reform—

Honourable members interjecting—

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