Cormann warns Govt on super tinkering
The Federal Opposition has called on the Government to give undertakings not use superannuation as a milch cow to feed the Budget deficit.
The Shadow Assistant Treasurer, Senator Mathias Cormann, has pointed to newspaper reports on the Government's efforts to find Budget savings with claims that Prime Minister, Kevin Rudd is "back up to his old tricks, targeting people's retirement savings to fund his self-inflicted budget short-falls".
"Last time Kevin Rudd was Prime Minister, Australians learnt the hard way that they could not trust anything he had promised on super before the election," Corman said.
"Indeed, last time Kevin Rudd was Leader of the Labor Party before an election he promised no changes to superannuation -‘not one jot, not one tiddle'."
The opposition spokesman claimed that prime ministerial promise had been broken in Labor's first Budget after the election and in every Budget after that.
Cormann said Australians deserved certainty and stability in superannuation policy settings, so they could plan their future retirement with confidence.
"They deserve a government that will make no more unexpected detrimental changes to superannuation," he said.
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