Senate debates

Wednesday, 15 November 2023

Bills

Treasury Laws Amendment (2023 Measures No. 1) Bill 2023; In Committee

5:31 pm

Photo of Dean SmithDean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

Senate question on notice No. 1692 asked how much of the revenue raised through the measure is realised through increases to superannuation tax receipts. In response the Treasury said:

Over the forward estimates, superannuation fund tax receipts are expected to increase by $400 million as a result of this policy.

Does the government maintain that the measures contained in schedules 4 and 5 are not a tax increase on Australian retirement savings?

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