Senate debates

Thursday, 3 November 2011

Questions without Notice

Mining

3:03 pm

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

We know that 20 years ago—20 long years ago—the Liberal and National parties opposed compulsory superannuation. They said no. You would think, after 20 years, they would have learnt something, but what is their approach—Senator Cormann has outlined it—to increasing superannuation from nine to 12 per cent? No. Yet again, it is no. What is their approach to cutting taxes on over 3½ million Australians' superannuation? No, yet again. What is their approach to an extra $108,000 for a worker aged 30 on average earnings? No. They do not want to have another $108,000 going to the superannuation savings of Australians. And what is their approach to the $11 billion mining tax that the mining industry wants to pay? No. That is all they stand for: no, no, no, go away; come back— (Time expired)

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