The Federal Coalition has called on the Government to put any contemplated tax changes to superannuation to the election before they are implemented. In a speech before the Senate on Tue 5.2.2013, Shadow Minister for Superannuation, Senator Mathias Cormann, said that, if “despite previous promises to the contrary Labor decide to proceed with yet another tax increase targeting Australian super savers to plug the Treasurer’s various budget black holes, this must be put to the Australian people at the election before it is legislated by the parliament”. Senator Cormann also said the Coalition would “properly address the issue of excess [superannuation] contributions to make sure that Australians are not unfairly penalised for genuine unintended errors when making superannuation contributions”. And he indicated that “If and when the budget and government debt are back under control, [the Coalition] will revisit concessional superannuation contribution caps”.
[LTN 24, 6/2/13]