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

I was about to say that a 30-year-old Australian on average earnings will retire on nearly $108,000 more in superannuation savings as a result of the tax cuts to superannuation that flow from the mining tax, which we know the Liberal and National parties do not support. When and if they ever get into government and they repeal the mining tax, they are going to have to increase taxes on workers' superannuation to pay for it. They stand for increased taxes on superannuation.

But there is one smart Liberal.

Government senators: No!

There is! There is one smart Liberal: Mr John Brogden, the Chief Executive Officer of the Financial Services Council. He is one smart Liberal because yesterday he came out and urged the Liberal opposition to support the superannuation— (Time expired)