gg2
Labor defends super, Hanson criticizes
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
Labor defends superannuation against Hanson's push for early access. The fight shows super's political potency ahead of 2028.
Background
The debate was sparked by Liberal frontbencher Andrew Bragg's speech calling super 'one of the biggest public policy failures since federation'. Pauline Hanson then said Australians should be able to tap into their super during financial hardship, calling the system 'broken'. Labor, seeing a political opportunity, has framed the Coalition and One Nation as threats to the $4.5tn super system.
How it unfolded
- recentlyLiberal frontbencher Andrew Bragg gives a speech calling superannuation 'one of the biggest public policy failures since federation'.
- recentlyPauline Hanson tells News24 Australians struggling with cost-of-living should be able to access their super early, calling the system 'broken'.
- recentlyLabor, led by Jim Chalmers and Anthony Albanese, defends the super system, saying it is 'not safe' under conservatives and fundraising off the issue.
Who’s saying what
- Labor
- Labor says the super system is under threat from conservatives and must be defended at all costs.
- One Nation
- Pauline Hanson argues Australians should have greater access to their own super during financial hardship, saying 'It is their money'.
- Coalition
- The Coalition, while valuing super, says it would revisit early access rules and calls for more investment flexibility.
Still unverified
Hanson's claim that many people are 'pulling out' their super and spending it is not substantiated with data in the material.