Joe Ludwig (Queensland, Australian Labor Party, Manager of Government Business in the Senate) Share this | Hansard source

I can see those opposite are not even bothering to read the statement I tabled in parliament. Let me state from the outset that the grounds of national emergency were not cited in the Treasurer’s request for exemption, were not considered by me and were not stated by me as a reason for granting the exemption in either my letter to the Treasurer or the statement of reasons themselves. I agreed to grant an exemption on the basis of urgency and compelling grounds. There is a lot of misinformation being peddled by some of the companies involved and those myths do need to be cleared up. They seem to be perpetuated by those opposite, who did not bother to read the statement of reasons I tabled.

The fact is that this tax is in the best interests of this nation. We will use revenue from the resource super profits tax to fund tax cuts and promote economic growth. We will increase the superannuation savings of 8.4 million Australian workers. (Time expired)