Julia Banks (Chisholm, Liberal Party) Share this | Hansard source

This speech is a caution to my constituents in Chisholm. Beware, because Bill Shorten and the Labor Party are coming for your money. I want my constituents to remember two things: nobody's savings are safe under Bill Shorten and Labor, and everything will cost more under Bill Shorten and Labor. They've come out today to try and fix up their latest economic mess by saying Labor's message to pensioners is: 'Don't worry. Trust us.' These are empty words for my constituents in Chisholm, many of whom I have spoken to and written to, particularly about the Labor Party's retirees tax. It can be best summed up by Pam from Burwood:

I am a self funded retiree who paid tax all my life the same as my late husband, and now "Bill the Unionist" wants to take away our tax refund that we are entitled to.

We made sure we put extra away for superannuation when we were working so that when we retired we would be able to look after ourselves and not rely on the Government for a pension but the Labor Party now look upon us as privileged.

And the Labor Party treat Pam and her late husband with contempt, alleging they're doing something wrong by saving and investing. Pam from Burwood's words are echoed by so many in Chisholm. Pam summarised by simply saying:

I cannot believe Bill Shorten and the Labor Party will hit us retired people in the guts.

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