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Thursday, 2 April 1998
Page: 2343

Debate resumed from 1 April, on motion by Mr Miles:

That the bill be now read a second time.

upon which Mr Gareth Evans moved by way of amendment:

That all words after "That" be omitted with a view to substituting the following words:

"whilst not opposing the second reading of the bill, the House notes that the Government in this legislation has:

(1) broken its firm promise made before the last election to deliver the full amount of the superannuation co-contribution; and

(2) instead proposed a much less valuable and much less equitable savings rebate and notes that the policy;

(a) only specifically actually rewards saving in the form of superannuation contributions;

(b) enables the full amount of the rebate to be received notwithstanding the taxpayer has actually engaged in dis-saving;

(c) will result in the level of national savings being significantly lower than if the superannuation co-contribution arrangements were implemented;

(d) is not means tested and is therefore inequitable in its impact; and

(e) is so unfair that the Prime Minister announced to this House that he would not claim his entitlement".