Shorten slams opposition's 'freeze-frame' super plansBY MARK SMITH | THURSDAY, 30 MAY 2013 12:05PMFinancial Services and Superannuation Minister Bill Shorten has used the passing of the Tax and Superannuation Laws Amendment (2013 Measures No 1) Bill 2013 into the House of Representatives to slam the Opposition's plans to delay an increase in compulsory super contributions. |
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
"While we appreciate the current budgetary pressures on the Government, we don't support this measure which acts as a disincentive for superannuation contributions and increases the overall complexity of the Australian superannuation system," he said.
You simply must be kidding me....what a hypocrite.
He obviously has never read Labor's recent history on superannuation contribution caps.
Oh, and to claim that increasing the level of SGC as a heroic act, can someone explain to him that he's not paying for that...business is....
"We are the party who have runs on the board when it comes to superannuation." I can't stop laughing....what sort os "runs" is he talking about...I think I know...and it stinks.
Here we go scare and ridicule from Shorten
It was his government that reduced contribution caps from $50,000 to $25,000
His government that reduced the co ocontribution by 2/3rd over 5 years
His government that creates uncertainty and mess around with the rules
His government claims more super for workers is thanks to them Its another cost for business and once again were responsible for taking care of our workers retirement plans rather than encouraging some self reliance
As for delaying a 0.5% increase in super by 2 years In what universe does this cost an average income earner $20,000 over 30 years its about $1000 less over 2 years $350 year 1 and $700 in year 2 for someone on 70K and even at interest rates of 10% pa for 30 years its not even close to 20K
Please be accountable for your claims with justifiable numbers
Investors need encouragement to save not the stick approach