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

About two-thirds of the 6½ million Australians who will benefit from the new income tax claims system will have a taxable income of less than $50,000. We also should not forget a couple of important superannuation measures. Firstly, we will be effectively abolishing the contributions tax by rebating, for those Australians who earn less than $37,000, the 15 per cent contributions tax that is payable on superannuation contributions. The Liberal-National Party have not signed up to this measure. They have signed up to the superannuation guarantee but they have not signed up to any of these other measures.