Treasury Laws Amendment (Payday Superannuation) Bill 2025, Superannuation Guarantee Charge Amendment Bill 2025

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) (12:13): I'm not responsible for the party platform, but decisions the government makes about the timing are a matter for the government. As I've said, since coming to government, we've done a number of things.

Lifting the superannuation guarantee to 12 per cent will have the biggest impact on people's retirement earnings, as will increases to the minimum wage, which covers a lot of young people and increases in the wage earnings of early educators and people in the care economy, whether in the disability or in the aged-care sector. They are big commitments worth billions and billions of dollars that we have done to make sure that workers not only get good wages now but also accumulate superannuation earnings for a dignified retirement.

We have a very proud record of strengthening superannuation and improving it for all working people, including young people. Our commitment recently around LISTO is in the order of hundreds of millions of dollars to make that change. We're doing it because it's the right thing to do and so that people—including women and young people, who have the opportunity to accumulate superannuation entitlements through their working careers—do retire with enough money in their superannuation.

We will continue to do that. That's the approach the Treasurer has taken. It's the approach the Assistant Treasurer has taken.

Paying super on PPL—a lot of people have talked about that for a long time, but it took this government actually coming in here to get that change done. We've got a proud record of strengthening superannuation. We'll continue to work through commitments that have formed part of Labor policy for a long time, in a careful and methodical way, and we will bring the industry and all stakeholders—as there are many in this industry—together as we do that.