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Australia news live: Labor and Coalition condemn One Nation plan to divert super to boost pay; Butler not thinking about party leadership | Australian politics

Butler says One Nation’s super plan is ‘terrible’

Butler says One Nation’s superannuation plan – for a portion of employer’s mandatory super contribution to be redirected to pay packets – is “absolutely terrible”:

double quotation markOccupational superannuation is one of the great reforms of our country over the last few decades.

It will provide security in retirement to millions and millions of Australians who otherwise would not have it.

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One Nation super plan ‘no more than a headline’

Deputy opposition leader Jane Hume has some questions about One Nation’s proposal to divert superannuation contributions into people’s pockets. On ABC News Breakfast, she said:

double quotation markWell, this so far is nothing more than a headline. It hasn’t really been explained.

Does the tax status of your superannuation, your discounted tax status, does that remain? Do you get a tax discount for paying your rent? How does it affect your concessional caps? How does it affect your bring–forward provisions, carry–back provisions?

How does it affect your superannuation balance at the end of the day? Are we turning our superannuation funds into banks? None of these questions have been answered.

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