Greens' superannuation policy based on outdated data
The Self Managed Superannuation Fund Professionals' Association of Australia (SPAA) says the Australian Greens are using outdated and no longer relevant data to sustain the party's calls for changes to superannuation contributions tax rates.
Reacting to the release of the Greens' policy approach, SPAA chief executive Andrea Slattery said that rather than focusing on penalising those who were saving through the community pillar of superannuation for an independent life post-working age, the Government should turn its attention to the considerable ongoing barriers to all Australians saving adequately for their retirement.
She said the statistics quoted by Greens' leader Bob Brown in support of his party's policy were outdated and no longer relevant.
As well, Slattery said there was no evidence to suggest tax concessions to high-income earners represented a net drain on the Federal Budget.
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