The Australian public will not be able to say yes or no to superannuation changes in the next election because legislation has been pushed through this term, the opposition Treasury spokesman has said.
Speaking on ABC Breakfast this morning, Angus Taylor said the changes were a “big broken promise” from the government.
“They are going to push the legislation through in this term. If they really wanted to put it to an election, they would wait to pass the bill after the next election. That’s not what they offer. So it is very clear that this is a breach of trust with the Australian people,” he said.
The Shadow Treasurer was asked if the Coalition was being hypocritical because there was no mention of changes to Liberal Party election materials before it came to power in 2013 and then made changes in 2016.
This included a $1.6 million cap on tax relief on retirement phases and the removal of contribution limits.
“They were brought in to the 2016 election and legislated after the election. Labor is not proposing to do this. They are proposing to legislate this now, during this Parliament. If they were serious about an election, they wouldn’t legislate before the election,” Taylor said in response. “It’s absurd.”
It was clear that neither Jim Chalmers nor Anthony Albanese ruled out taxing negative gearing, he said.
Taylor also said the opposition would not support superannuation changes, which he said would impact growing numbers of Australians.
“Inflation is on and the threshold is not indexed. So we will see the threshold drop in real terms and affect many, many more Australians. At a time when we have high inflation,” he said.
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