Wendy Askew (Tasmania, Liberal Party) Share this | Hansard source

At the request of Senator Bragg, I move:

That the following matter be referred to the Economics References Committee for inquiry and report by the last sitting day of 2023:

The fairness and efficiency of savings vehicles in Australia, with particular reference to:

(a) savings and wealth patterns of Australians across their working life and retirement;

(b) the relative attractiveness of savings vehicles, including differences in tax treatment and the appropriateness of other incentives;

(c) the relationship between the Age Pension, compulsory superannuation and voluntary savings to support retirement incomes;

(d) the role of home ownership in building wealth and supporting retirement incomes;

(e) the impact of macroeconomic conditions and associated policy responses on Australian's savings and wealth patterns;

(f) how Australia's policy settings to encourage saving and wealth creation compare internationally; and

(g) any other related matters.