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

Thank you. We intend to do more. We intend to cut the contributions tax which is currently paid by about 3.5 million low-income earners on their super­annuation. We intend to cut or do away with the contributions tax. What is the Liberal Party position on cutting or doing away with the contributions tax? They oppose it. They do not support a tax reduction on super­annuation for 3.5 million Australians. So on the retirement income reforms, the increase in the age pension, the increase in the super guarantee and the cut in tax for low-income earners on their superannuation, the Liberal Party either did nothing or they opposed it. This is their position—no improvement in the retirement incomes of over eight million Australians—because they have no retire­ment income policy. Their only position is: do nothing or oppose. (Time expired)