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 18 SUPERANNUATION (SURCHARGE RATE REDUCTION) AMENDMENT BILL 2003

The order of the day having been read for the resumption of the debate on the question—That the Bill be now read a second time—

Debate resumed by Mr Cox who moved, as an amendment—That all words after "That" be omitted with a view to substituting the following words:

"the Bill be withdrawn and redrafted to:


(1) ensure that the proposed surcharge tax reduction to high-income earners, and changes to public sector funds do not proceed; and

(2) provide for a fairer contributions tax cut that will boost retirement incomes for all superannuation fund members to assist in preparing the nation for the ageing population".

Debate continued.

Mr Andren addressing the House—