Senate debates

Thursday, 16 June 2011

Questions without Notice

Economy

2:41 pm

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

Believe it or not the Liberal and National parties actually announced a new policy last week to introduce a superannuation clearing house, like the one I have just been talking about. The Labor Party, having introduced the Medicare Superannuation Clearing House, the Liberal Party decided to come up with a great new policy—very rare, I know!—and introduce a superannuation clearing house through the ATO. What we have is the Liberal and National parties, having created the problem for small business in the first place, having opposed the Labor Party's solution to introduce a superannuation clearing house, deciding on a great new policy to introduce a superannuation clearing house! You might wonder what the logic is of introducing two new clearing houses and the cost of theirs will be $257 million. (Time expired)

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