Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I am very pleased that Senator Williams asked me that question, because it enables me to absolutely dismiss and dispel the erroneous assertions made by Senator Gallagher in her questions and the false interjections by Senator Conroy. The government's changes announced today to make superannuation fairer, more flexible and more sustainable will achieve an additional $180 million budget improvement over the forward estimates, which will assist in budget repair. Over 10 years the changes will improve the budget bottom line by a further $670 million. So, far from deteriorating the budget bottom line, this is actually improving the budget bottom line by more. These changes are of course part of the government's overall plan to repair the budget, and what we are announcing today comes on top of the $6.3 billion worth of savings that we have been able to successfully land—and I thank the Labor Party again for their cooperation on this—through this parliament this week. (Time expired)