Michael Sukkar (Deakin, Liberal Party, Assistant Treasurer) Share this | Hansard source

Our clear advice from Treasury is that this amendment is just completely unnecessary. I must say to the member that the well-established processes for releasing money from super—there are obviously existing hardship grounds, but there are a range of other cases where there have been non-concessional excess contributions and others that require releases of funds from a member's superannuation account—are done quite regularly. Of course there's going to be increased demand on the system, but what he is proposing, according to our clear advice from Treasury, makes the provisions less clear and doesn't add anything practically. In the end it will be, of course, our task to make sure that these applications are made and are delivered in an expeditious way. But what the member for Whitlam is proposing does absolutely nothing to assist that process. These are understood processes, and an important part of this entire package is that, wherever possible, we utilise existing delivery and administrative systems.

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