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

This measure was part of the package to offset changes that the government has made to the working holiday-maker measure that I have previously outlined. The withdrawal from superannuation is required to occur before the departing Australia superannuation payment tax can be assessed. Ensuring that the departing Australia superannuation payment tax is not 100 per cent provides an incentive for working holiday-makers to withdraw superannuation, rather than it simply becoming unclaimed superannuation and returned to government in full after a number of years. This is good for the government and it is also good for working holiday-makers.