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Wednesday, 1st March 2023

Doorstop Interview - Marrickville, Sydney

JOURNALIST: Prime Minister, should the $3 million super earnings tax changes be indexed to stop it capturing hundreds of thousands of Australians in a decade's time?

ANTHONY ALBANESE, PRIME MINISTER: Look, we've made it very clear what our position was yesterday. This will impact less than half a per cent of the population who are superannuants, impact less than 80,000 people. This is a sensible, modest change being put forward in order to make the superannuation system more sustainable. And what's more, it will come in after the next election.

JOURNALIST: This is the second time the Treasurer has floated changes to tax policy after last year's conversation around stage three tax cuts, only to then be pulled back into line. Are you frustrated by his freelancing?

PRIME MINISTER: Jim Chalmers is doing a great job as the Treasurer of Australia. And tomorrow, we share a birthday, that's how close we are. And Jim Chalmers has put forward a very sensible suggestion and it stands in stark contrast with what happened in 2016-17, where when Malcolm Turnbull was the Prime Minister, Scott Morrison was the Treasurer, changes were put forward that impacted eight times the number of people who will be impacted by this change. And what we're talking about then, of course, was something that Labor supported, because we were constructive. The Opposition have nothing positive to say, nothing positive to contribute. They're opposed to manufacturing jobs. They're opposed to housing investment, including for housing for women and children escaping domestic violence, and they're opposed to their own position on climate change to lower emissions, in spite of the fact that business is crying out for investment certainty. Thanks very much.

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Parliament House Office

Parliament House
Canberra ACT 2600

Phone: 02 6277 7700

Phone: (02) 9564 3588
Fax: (02) 9564 1734
Email: A.Albanese.MP@aph.gov.au

We acknowledge the traditional custodians of the land on which our offices stand and we pay our respects to Elders past, present and emerging. We acknowledge the sorrow of the Stolen Generations and the impacts of colonisation on Aboriginal and Torres Strait Islander peoples. We also recognise the resilience, strength and pride of the Aboriginal and Torres Strait Islander communities.

Authorised by Anthony Albanese, ALP, Canberra.