Senate debates

Thursday, 13 February 2025

Business

Withdrawal

12:52 pm

Photo of Bridget McKenzieBridget McKenzie (Victoria, National Party, Shadow Minister for Infrastructure, Transport and Regional Development) Share this | Hansard source

What a farce we have just seen in the chamber for the last half an hour, as the Labor Party sought to silence rural and regional Australians having their say on the superannuation changes. They've clearly done a deal with the Greens to get this through parliament. It isn't, as the future 'Minister McKim', Minister Watt or Minister Gallagher outlined, some microcosm of Australians—these big, fat wealthy fat cats sitting on these billion-dollar superannuation balances. It's every small-business owner and every family farmer in this country. That is why the National Farmers Federation is so against this change. It's because you are taxing unrealised gains on the family farm. I'm sorry; you're not getting wads of cash running through your bank account every week to pay your tax bill and your superannuation as a family farmer or small-business owner. The NFF has raised the issue that they will have to sell family farms in order to pay the tax bill that is being imposed by Anthony Albanese and Jim Chalmers. It is no wonder—

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