QUESTIONS WITHOUT NOTICE

Dr MULINO (Fraser—Assistant Treasurer and Minister for Financial Services) (14:53): I thank the member for Gellibrand for his question, and I acknowledge his time throughout his time in this place championing superannuation and supporting measures that will strengthen Labor's big reforms in that area. The Albanese Labor government is delivering real change to ensure that Australia's superannuation system is fairer, more equitable, more sustainable and works for the people it was designed to serve.

We have boosted the Low Income Super Tax Offset to support low-income workers. These changes will benefit 1.3 million Australians. This benefits all workers with incomes between $28,000 and $45,000, with an average increase in the LISTO payment of $410.

Those workers could receive a potential benefit at retirement of around $15,000, depending on their individual income over their career. These are real benefits. We have better targeted superannuation concessions to improve the sustainability of the system while preserving concessions that benefit millions of Australians.

We are also closing loopholes to ensure superannuation serves its intended purpose and that the law does not work against victims-survivors. No perpetrator of family violence should benefit from their victim's superannuation death benefits. That is why this government has committed to reforms to prevent perpetrators accessing those benefits.

Again, these are real reforms that will strengthen the system. Earlier this year, we legislated the survivors law to close a loophole that enabled convicted perpetrators of child sexual abuse to shield their assets in super. These are important reforms that strengthen the integrity of and confidence in the super system.

But our work continues. Tomorrow, I will announce further reforms to strengthen consumer protections for Australians' retirement savings. These measures will improve protections for members and help ensure the super system delivers for those who really need it.

Taken together, these reforms reflect a simple principle that superannuation should reward work, support retirement, protect the vulnerable and operate in the interests of members. In contrast, the Liberals, Nationals and One Nation have made it abundantly clear they don't support universal superannuation. Some of those opposite half-heartedly say they support it, but the shadow treasurer says it's idiocy and Senator Bragg says it's the worst decision since Federation.

Well, if super has friends like that, who needs enemies? On this side of the House, we know that Australians work hard, they play by the rules and they deserve a fair go in retirement. Whether it's supporting low-income earners, better targeting tax concessions or closing loopholes, the Albanese Labor government are strengthening superannuation at every stage because we believe that, if Australians work hard, play by the rules and save for their future, they deserve the dignity, security and independence that comes with a good retirement.