Michaelia Cash (WA, Liberal Party, Shadow Minister for Employment and Workplace Relations) Share this | Hansard source

Absolutely, their preference mates. It's not only that—and I hope Senator McKenzie gets to speak to this motion. I think one of the most offensive parts of Labor's super tax on the Australian people is the taxing of unrealised capital gains. Do you know what that means for all of the retirees and all of the farmers out there? They will pay tax on money they haven't even made yet. Farmers have warned the Australian Labor Party—this is what they've told them: 'You rely on us each and every day to feed Australians. We are doing it tough as it is, and now you are going to tax our unrealised gains.' It is unfair. It sets a dangerous precedent.

On behalf of mum-and-dad Australians and all the young people who are going to be working hard for decades to come, we will vote to discharge this bill from the Notice Paper. It's a clear commitment to the Australian people: we will not tax your super. On the other hand, Labor and the Greens cannot wait; they're salivating at the prospect.