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Who's the 'serial liar', slomo?



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CHRIS BOWEN MP SHADOW TREASURER MEMBER FOR MCMAHON

WHO’S THE ‘SERIAL LIAR’, SLOMO?

The Treasurer has yet again has shown that he is simply not up to the job of providing the economic leadership that Australians deserve.

In a doorstop yesterday Scott Morrison showed he either has a bad memory, cannot count, or is himself a liar.

When asked about the Government changing its flawed superannuation policy after the election, the Treasurer said:

“We maintained the policy intent of what we were doing in our superannuation package and we reformed one element. Just one element.” [Doorstop interview, 9 November 2016]

In fact, after caving in to George Christensen, the Government changed three elements of the package that they put forward in the 2016-17 Budget:

1. Dropped the retrospective $500,000 lifetime non-concessional contributions cap measure; 2. Dropped the harmonising contribution rules for those aged 65 to 74 measure; and 3. Delayed by one year the allowing catch-up concessional superannuation

contributions on a rolling five year basis measure.

And while we are on the subject of lying, the Government went to the last election promising not to increase the Passenger Movement Charge and yet the Treasurer is now proposing to increase it by $5.

The Turnbull Government is chaotic and incompetent - and this Treasurer is at the forefront of that. This comes off the back of the budget deficit for 2015-16 octupling since the Government taking office, and the $107 million error in the Omnibus Savings bill.

Labor has been leading the debate on reforming superannuation and the overwhelmingly generous concessions that exist in the system.

If the Government is serious about strengthening the superannuation system and repairing the budget, it will sign up to Labor’s responsible proposals.

Labor’s proposed reform package will improve on the Government’s proposals by $1.4 billion over the forward estimates and $18.9 billion over the medium term.

Under Labor, the superannuation system will be fairer and the budget will be better off.

THURSDAY, 10 NOVEMBER 2016

MEDIA CONTACT: JAMES CULLEN 0409 719 879