Stephen Jones (Whitlam, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

In fact, in three of the last four years, they've tried to stop Australians getting an increase in their superannuation payments. We've started a conversation in this country about the objectives of superannuation. It is unusual to have a piece of public policy in operation for 30 years without an agreed understanding of what it's all about. On this side of the House, we understand that superannuation is about providing a retirement income stream. We understand that Australians find there are lots of taxation incentives for investing their money in superannuation, and that is by design—we want to encourage people to save for their retirement. I don't think any reasonable person—perhaps apart from the Leader of the Opposition—could argue that somebody with $100 million in their superannuation account has their money saved for the purpose of—

Opposition members interjecting—

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