QUESTIONS WITHOUT NOTICE

Senator GALLAGHER (Australian Capital Territory—Minister for Finance, Minister for the Public Service, Minister for Women, Minister for Government Services and Manager of Government Business in the Senate) (14:21): I did read the article in the Australian this morning and, indeed, have been following their campaign against the high-balance super tax concessions.

I would remind those in this chamber that the proposal by the government, the high-balance super tax policy that we have, affects about half a per cent of people with super balances over $3 million. They're still concessional rates of tax, just not as concessional. So I think we need to get a bit of perspective here.

I understand the Australian is running a campaign against it. It's pretty obvious. We've seen contributions being made by a range of stakeholders about elements of the design of the tax policy.

It remains Labor's policy. We think it's a modest and sensible change to the super concessions arrangement to ensure that super remains fair for all. (Time expired)