Paul Fletcher (Bradfield, Liberal Party, Minister for Communications, Cyber Safety and the Arts) Share this | Hansard source

I would like to thank those members who have contributed to the second reading debate on the Treasury Laws Amendment (More Flexible Superannuation) Bill 2020. This bill will extend access to the bring-forward arrangements to people aged 65 and 66 years. From 1 July 2020, people in this age group will be able to make up to three years worth of non-concessional contributions into their superannuation in a single year. This is an important change, which delivers on the government's commitment in the 2019-20 budget and 2019 election. The bring-forward measure, together with the government's changes to the work test and spouse contributions rules, improves the flexibility of the superannuation system to assist older Australians to save for their retirement. I commend this bill to the House.

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