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Thursday, 17 July 2014
Page: 5356

Minerals Resource Rent Tax Repeal and Other Measures Bill 2013 [No. 2]

Debate resumed on the motion:

That this bill be now read a second time.

to which the following amendment was moved:

At the end of the motion, add "but the Senate is of the opinion that the repeal of the Low Income Superannuation Contribution should not be concealed in this legislation as it will:

(a) diminish, by around $27 000, the retirement savings of one in three Australians;

(b) negatively impact on almost one in two working women and 80 per cent of women who work part time; and

(c) place further pressures on future governments due to increased costs to the aged pension".