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Tuesday, 2 September 2014
Page: 9388

Superannuation


Mr SHORTEN (MaribyrnongLeader of the Opposition) (14:06): My question is to the Prime Minister. Prime Minister, is compulsory superannuation one of the biggest con jobs ever foisted by government on the Australian people?

The SPEAKER: I give the call to the Honourable the Prime Minister. There will be silence on my left and on my right. It is a curious question, more like a statement, but I give the call to the Prime Minister.



Mr ABBOTT (WarringahPrime Minister) (14:07): I can understand the frustration of the Leader of the Opposition, but the frustration that he is suffering is the frustration born of refusing to accept the people's mandate at the election last year. The Leader of the Opposition would be more relevant if he had been prepared to accept the mandate that this government won at the election last year and work with this government to abolish the carbon tax, to abolish the mining tax, and to do all the other things that we said we would do at the election last year.

Mr Watts interjecting

The SPEAKER: The member for Gellibrand!

Mr ABBOTT: Compulsory superannuation is an important part of our overall social safety net. It is an important part of our retirement incomes policy. That is why compulsory superannuation will rise to 12 per cent by 2025.