House debates

Wednesday, 15 May 2024

Bills

Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023, Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023; Second Reading

7:27 pm

Photo of Nola MarinoNola Marino (Forrest, Liberal Party, Shadow Assistant Minister for Education) Share this | Hansard source

I want to commend the previous speaker for his contribution and also that of the Opposition Whip. What we have here is what they have both spoken about, another of Labor's broken promises. It is a very serious broken promise, as we have just heard from the previous speakers, because it actually undermines people's confidence in our superannuation system. What this does say to people, especially young people who are currently saving their superannuation, is don't bother adding to your super because successive Labor governments over the years will keep changing the rules whenever they choose, like they have done here. You can have no confidence in that superannuation system or what is currently on the table. If they are doing it now, they will do it again. Even the Prime Minister, as we know, said before the election, in very grave and seemingly sincere tones, 'My word is my bond.' Clearly, the Prime Minister deliberately misled the Australian people when he gave that commitment because there has been a litany of broken promises. This is one and it is a very serious one. We saw the $275 cut and power bills based on the amount people were paying for power at the 2022 election. We saw so much said about cost of living and what those opposite would do about it, and what have we seen? The absolute opposite.

The Prime Minister promised absolutely no change to the tax cuts. He also said he would retain Operation Sovereign Borders but remove the temporary protection visas, and reduce maritime and aerial surveillance as well. As I said, there is a litany of broken promises. We've heard Labor members in this chamber saying, 'The broken promise doesn't really matter; it only hurts a few people, so what does it matter?' Well, it does matter, and trust—or the lack thereof—does matter.

Debate interrupted.

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