The Greens will support Labor's Building a Stronger and Fairer Super System Bill unamended, as a signal of our determination to see a serious, progressive tax reform package in the upcoming budget.
"We're disappointed that Labor has watered down its original proposal, but we strongly support the increase to the low income super tax offset, two-thirds of which will benefit women's retirement savings," Greens Economic Justice spokesperson Senator Nick McKim said.
"We are going to support the Bill as a downpayment on genuine, progressive tax reform in this budget."
"This budget is a once-in-a-generation opportunity for ambitious tax reform, and we are opening the door for Labor to walk through."
"The current tax system has turbo-charged the housing crisis, wealth inequality and a deepening intergenerational divide. We are demanding bold reform that responds to these challenges and makes our society fairer for young people and working people."
"There is a massive Labor majority in the House of Representatives, the Opposition is a rabble, and the numbers are there in the senate as long as Labor shows courage. The only limit is Labor's level of ambition."
"The Government says it cares about fairness and intergenerational equity, and this budget is the real test of their sincerity. We expect bold tax reform so young people and working Australians are not left carrying the load while the super-wealthy enjoy generous tax concessions on their income from assets."
"This bill shows just how far we have to go to make our tax system fair."
"Under these changes, a $5 million super account will still face a 14 per cent tax rate on capital gains. Meanwhile, a nurse or bartender earning $20,000 a year pays 16 cents on every extra dollar earned."
"Right now, the ten richest super accounts in Australia hold an average of $423 million each, and even those accounts will still pay a lower tax rate on capital gains than a full-time worker on the minimum wage."
"Our tax system is turbocharging intergenerational inequality, and unfortunately this bill barely scratches the surface."
"Labor is standing in front of an open goal - if they bring reform that would rein in spiralling inequality and the housing crisis, they will have the Greens' support to get it done. The only obstacle to real change is Labor."
