Senate debates

Monday, 17 March 2008

Superannuation Legislation Amendment (Trustee Board and Other Measures) (Consequential Amendments) Bill 2008

Second Reading

1:32 pm

Photo of Nick SherryNick Sherry (Tasmania, Australian Labor Party, Minister for Superannuation and Corporate Law) Share this | Hansard source

Well, Senator Abetz, if you want me to take up the challenge! I will not be, except to indicate this: in 1987 it was the far-sighted Hawke-Keating Labor government that moved to introduce compulsory superannuation for all of those Australian employees who did not have it, subject to a minimum of about $450 per month in earnings. At that time, that covered approximately the low mid-80s percentage of the workforce, which was up from the low mid-40s prior to the introduction of three per cent compulsory superannuation. It was a great landmark achievement of the former Labor government, and it was done essentially to confer fairness on those employees—overwhelmingly casual, part-time and female employees in industries such as construction, retail, transport and hospitality—who had no superannuation. That was vehemently opposed by the Liberal opposition at the time

Then, of course, the next great reform was the extension of the contribution from three per cent to nine per cent, phased in by 1 July 2002. Again, I note the previous Liberal government, when in opposition at that time, vehemently opposed the contribution extension of three per cent to nine per cent over time. So we are proud of our record in superannuation, and we would argue to be the party of great reform.

Coming to the amendments that will moved by Senator Murray on behalf of the Australian Democrats, I am not sure whether Senator Murray has had any contact or communication with the various organisations who have been lobbying to make amendment to public sector superannuation funds in respect of same-sex couples recently. I had a meeting with one group approximately four or five weeks ago. What I can say about same-sex couple amendments to public sector superannuation is this, Senator Murray: yes, we gave a commitment in the election. We gave that commitment: I was the person who gave the commitment. We have given commitments for a number of years, and we have moved and supported amendments in this place on a number of occasions. An announcement as to the legislative process to deal with the issue will be made shortly. There will be no attempt to go slow on this issue. I understand the community groups involved in lobbying know that the issue is being progressed, so there will be an announcement shortly. As to when the legislation comes in here—because it will go to some other matters in terms of same-sex superannuation—it will depend on the timetabling of the announcement. The timetabling for it to be introduced to the parliament will have to fit into the schedule. I believe I can confidently say that—best efforts—it will be delivered. An announcement will be made shortly, Senator Murray. I cannot give you the exact date, for the reasons I have outlined. I do not do not know when the announcement of the formal details will be made and I do not know when that will fit in with the legislative time frame. I would be absolutely taken aback, Senator Murray, if this matter was not resolved legislatively by the end of this calendar year. I really would be taken aback.

With those few comments, I thank the speakers for their contribution and I seek leave to continue my remarks later.

Leave granted; debate adjourned.

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