Senate debates

Monday, 6 March 2023

Questions without Notice

Superannuation: Taxation

3:03 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

It's a concessional rate of tax, let's not forget this, for those fortunate to have $3 million or more in their superannuation account—mindful of the fact that the estimates are you need in the order of $500,000 to $600,000 for a decent retirement, and mindful of the fact that average Australians have $150,000 in their super. How about you have the same level of concern for them? How about you have the same level of concern for them as you are feigning at this point in time?

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