Senate debates

Thursday, 17 June 2021

Bills

Treasury Laws Amendment (More Flexible Superannuation) Bill 2020; In Committee

9:46 am

Photo of Jenny McAllisterJenny McAllister (NSW, Australian Labor Party, Shadow Cabinet Secretary) Share this | Hansard source

Yes, I understand that the government intends to support this change. I'm inviting you to tell the people of Australia why people who go over the cap, which is quite generous at $27,000, a little bit over, need a tax cut. Because, honestly, if I think about the people that I know in my community, there aren't many tipping more than 27,000 bucks into their super every year. That is a very elite group of people. How many Australians are going to benefit from this, Minister? Why is it that the remainder of Australians, who don't benefit from this, should bear the costs of the change that you're proposing?

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