Senate debates

Wednesday, 8 March 2023

Questions without Notice: Take Note of Answers

Superannuation: Taxation, Taxation, Cost of Living, Health Care

3:38 pm

Photo of Hollie HughesHollie Hughes (NSW, Liberal Party, Shadow Assistant Minister for Climate Change and Energy) Share this | Hansard source

The member for Maribyrnong's long-held ambition to become Prime Minister, which I understand has not faded. However, he may have to deal with the member for Sydney, who apparently has the support of all her colleagues.

Minister Bowen, said back then as the member: 'Don't like the policy? Don't vote for us.' The lesson that was learnt by the Labor Party was: Don't tell the electorate. Don't tell them the policies to let them make a decision on whether or not they vote for you. Their decision was not to tell them the policies. As Senator O'Sullivan was saying, they jumped on the me-too movement. Every time they saw a policy from the coalition they said, 'That's us too. Don't worry, we're a safe pair of hands.' Dr Chalmers, did the work on his PhD, saying he absolutely looks up to Paul Keating, the former Prime Minister, and his and Prime Minister Hawke's attempt to make sure the Australian economy modernised. But as soon as Dr Chalmers has got in he has been unwinding those economic gains, taking the Labor Party back to the good old days of left-wing socialism and the redistribution of wealth. But they knew that if they told the Australian electorate that, they weren't going to like it. They weren't going to back your superannuation changes, they weren't going to support you on changes to franking credits

As Senator O'Sullivan said, some of the questions being asked are really quite serious questions that are just about the policy detail: how are everyday Australians going to be affected by this? There is a really reasonable question about how unrealised gains are going to be taxed. If you have a farm worth $2 million in your self-managed super fund and you get a couple of land value increases, all of a sudden your farm is valued at over $3 million one year. It's not a realised asset. It's not sold. It's still part of the family farm. We cannot get an answer about what sort of modelling was done or how many families are going to be impacted. We asked where else in the world this had ever been implemented, been successfully implemented and had a positive impact. The only place we can find is one African country which had its economy collapse. That is a really great model for those opposite to be trying to copy. These are simple questions and it shows that you are continuing to lie to the Australian people, you are breaking promises or you simply just not don't know the answers. (Time expired)

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