Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

As I mentioned in my answer to the first question, these reforms to superannuation are part of a package of tax reforms. The package of tax reforms also includes a cut to the company tax rate, from 30 per cent to 28 per cent, and additional relief and simplification through a $5,000 instant asset write-off for small business. Those reforms, together with the very significant superannuation changes that I have outlined to the chamber, are part of a package. The way in which this package is funded is by the resource superannuation tax that is being introduced.