Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

Yes, which we supported. But the caps, Senator Abetz, as I do recall, were introduced by the former Liberal government when it introduced an annual cap on superannuation contributions. So the penalty regime has always applied to people who breach those caps, regardless of the level of the cap. There were always people who were penalised. It was your regime. If you argue now that the tax regime and the level of penalty were unfair, why did you not deal with that issue when you were in government and when you introduced the simpler super provisions?