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

In addition to cuts to com­pany tax, in addition to substantial improvements to write-off for small business, we will also be making significant improvements to superannuation. We will be increasing the superannuation guarantee from nine to 12 per cent. We will also be reducing the contributions tax paid by millions of low- and middle-income earners. Those important superannuation reforms will not only benefit those individuals, millions of Australians, it will also benefit the economy.